Universe of Crypto and DeFi

Discover the top 10 crypto-friendly countries of 2023, where blockchain innovation thrives and cryptocurrency adoption soars.

Binance has agreed to discontinue BUSD and no longer issue new BUSD trading pairs from February 2024.

Blockchain technology has become the most secure way to store a digital asset. But does this change when Quantum Computing arrives? Let’s get into it.

Discover the Quantum Financial System: Revolutionizing finance with quantum tech. Enhanced security, faster transactions, and innovative possibilities await.

With Africa’s growing population, increasing smartphone penetration and vibrant tech-savvy youth, the continent offers a unique set of opportunities and challenges that make it a hotbed for innovation and adoption in the digital finance space.

Explore 2023's crypto reward strategies: Yield Farming offers higher rewards with risks, while Staking offers stability and lower risks.

Exploring AI in crypto trading: benefits, risks, and trustworthiness. Can you rely on AI algorithms to trade your cryptocurrency? Find out now.

The internet has witnessed a remarkable journey through the ages in the vast expanse of the digital realm. From its humble origins as Web1, where static web pages reigned supreme, to the dynamic and interactive landscape of Web2, where social media and user-generated content reshaped how we connect, share, and consume information. 

As the crypto markets plummeted, NFTs followed suit and sustained a bigger hit. Perhaps, people were blinded by the NFT craze and then asked the question, “What benefit do I receive for holding an NFT?”

A banking crisis completely flips society on its head, as history has shown, but when crypto and DeFi are in the picture, how does it play out? Before we get into how crypto and DeFi get affected, let’s explore the potential banking crisis:

What happens when you don’t have access to your seed phrase? You didn’t write it down or save it somewhere. How do you access your crypto wallet again? 

History was made in March 2023 when an anonymous developer called “Domo” proposed creating a BRC-20 (Bitcoin Request for Comment) token based on Ethereum’s ERC-20 token. Fast forward to today, the market cap of BRC-20 tokens is almost 200 million dollars – it reached 1 billion dollars before pulling back.

The moment people discover what DeFi is, they have a eureka moment to its potential. That initial spark drives individuals to place themselves as innovators in history by building the future of finance.

The cryptocurrency markets operate in cycles, and it’s imperative for users to understand this so they can navigate the markets accordingly. The first step to understanding market cycles is knowing the different stages. Let’s dive in

A Bitcoin halving event, also known as a "halvening," refers to the pre-programmed reduction of the reward given to Bitcoin miners for validating transactions and adding them to the blockchain. 

In 2019, Elon tweeted that Dogecoin was his favorite cryptocurrency, and the coin later jumped by 16%. Things got insane in February 2021 when Elon tweeted, “ur welcome” which included an edited Lion King photo of himself holding Dogecoin. 

Meme coins are digital assets inspired by popular internet culture. They are decentralized, meaning they are not controlled by any government or central authority. Many meme coins offer low transaction fees and fast transactions, making them a great choice for those looking to invest.

The State of Privacy in DeFi is a hot topic in cryptocurrency.  Decentralized Finance is a movement that seeks to create financial systems without relying on traditional intermediaries such as banks. Despite its promise of increased privacy, the lack of proper privacy protocols in the DeFi space can lead to serious consequences. 

What is DeFi liquidity mining?

It’s an acquisition strategy in which participants contribute their crypto assets to make it easier for others to trade within a platform. Liquidity mining allows users to lock their assets into liquidity pools, which are shared pools that facilitate trades between assets on a decentralized exchange (DEX). 

The more an LP contributes towards a liquidity pool, the larger the share of the rewards it will receive. Participants are rewarded with native or governance tokens and a Liquidity Provider (LP) Token for providing liquidity into the system.

Crypto regulation has become a trending topic, and here's why. The lack of proper regulations has been a primary concern for governments and investors alike, with the potential for fraud and money laundering being the primary reasons.

High-performing crypto services and platforms can’t exist without oracles.

Let’s address the elephant in the room…What is an oracle?

Visa, the global payments powerhouse, has recently unveiled plans to significantly enhance its utilization of Circle's USDC stablecoin within its network.

Rune Christensen, co-founder of MakerDAO, discussed the future of decentralized stablecoins like Dai and their significance in the broader crypto ecosystem.

The United States Securities and Exchange Commission (SEC) has postponed its decision on the application for a Bitcoin exchange-traded fund (ETF) submitted by BlackRock, a global asset manager.

E-commerce behemoth Shopify has now embraced Solana Pay within its array of payment options, extending the ability for countless merchants to seamlessly facilitate crypto transactions. This milestone launch debuts with the inclusion of USD Coin stablecoin payments.

Amid an ongoing legal tussle with authorities over alleged securities law violations, Coinbase has clinched a regulatory nod to introduce crypto futures trading for retail customers in the United States.

PayPal is gradually introducing a new stablecoin, PYUSD, issued by Paxos, to eligible customers across the United States. This innovative addition empowers users to utilize the stablecoin for funding purchases via PayPal's Checkout with Crypto feature and transfer PYUSD between PayPal and compatible external wallets. The stablecoin also facilitates person-to-person payments and seamless conversion between PayPal-supported cryptocurrencies and PayPal USD.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the probability of approval for a spot Bitcoin exchange-traded fund (ETF) in the United States has significantly increased from a mere 1% a few months ago to 65%.

In a significant development, a key United States House panel has given its approval to two bills that could bring much-needed regulatory clarity to cryptocurrency firms. The bills aim to address the distinction in jurisdiction between the U.S. securities and commodities regulators, providing clear guidelines for the crypto industry.

Republican members of the Agriculture and Financial Services Committees in the United States House have collaborated on a significant legislative initiative aimed at creating a regulatory framework for digital assets. The 212-page bill, named the "Financial Innovation and Technology for the 21st Century Act," was officially presented on July 20, following months of joint effort by the two committees.

In a significant legal development, Ripple has now risen to become the fourth-largest cryptocurrency by market capitalization after securing a partial victory against the Securities and Exchange Commission (SEC) on July 13.

Lightning Labs recently introduced a toolkit that facilitates artificial intelligence (AI) applications, like OpenAI's ChatGPT, to interact with the Bitcoin network. This allows AI systems to conduct Bitcoin transactions and hold the cryptocurrency on the Lightning Network's layer-2 solution. 

The upper house of the United Kingdom's Parliament has taken a significant step towards introducing legislation that could pave the way for the regulation of cryptocurrencies within the country.

CME Group recently revealed its intention to launch futures contracts for the Ether/Bitcoin Ratio. The scheduled release of these contracts is on July 31, pending regulatory approval.

If you haven’t been living under a rock, you would know that Binance and Coinbase are being sued by the SEC. Why? The SEC is accusing Binance of offering 12 cryptocurrencies out of the 68 that the SEC labeled as “securities.”

The Securities and Exchange Commission (SEC) has expanded its list of cryptocurrencies deemed as "securities" to a total of approximately 67. This number includes additional cryptocurrencies identified in the SEC's lawsuits against Binance and Coinbase.

Tether, the leading stablecoin, has reached an unprecedented all-time high (ATH) market capitalization exceeding $83 billion, solidifying its dominance in the market. This achievement comes amidst a challenging year for other stablecoin issuers who grapple with regulatory obstacles. Binance CEO Changpeng "CZ" Zhao echoed these concerns, highlighting the situation with Binance USD (BUSD), a fully regulated stablecoin issued by Paxos. 

The Solana Foundation, a nonprofit organization behind the Solana blockchain, recently announced the integration of AI into its ecosystem. This integration was made possible through the utilization of a ChatGPT plugin developed by Solana Labs.

Ripple expressed that venturing into custody solutions will unlock fresh revenue prospects while also highlighting that this acquisition aligns with their strategy of expanding their global footprint beyond the United States, given the uncertain regulatory environment in the country.

MetaMask has joined forces with PayPal, enabling users in the United States to select PayPal as their preferred payment option when purchasing ETH.

A new regulatory proposal has been made by the taxation arm of His Majesty’s Treasury in the United Kingdom to facilitate DeFi tax and lessen the “administrative burden” for taxpayers

Countries and governments are increasingly becoming involved in blockchain technology, particularly in the fields of regulation, new infrastructure, and new solutions. Here’s what has been happening in crypto.

Many changes that could permanently affect users’ interaction with crypto are currently taking place, from industry leaders planning game-changing crypto projects to countries adopting a new financial system and crypto regulatory standards.