Web3 Archives - Page 6 of 9 - Cryptotimes Africa

Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read

by Crypto Oracle July 29, 2023

Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet. Reddit has released its latest NFT avatar collection aimed…

Industry News

How can Web3 bring financial freedom closer to reality for freelancers across the globe?

by Crypto Oracle July 27, 2023

Web3 platforms can now address major concerns on traditional freelance boards using decentralized technology and crypto. For many in the global workforce, the 9-to-5 workday is outdated. After a lengthy commute to work, which for some may be three hours each day,…

Industry

4 Africa-focused crypto exchanges that have shut down since the FTX debacle of 2022

by Crypto Oracle July 26, 2023

Key takeaways: As the crypto winter lingers, many crypto businesses have had to close up shop. Here's a list of Africa-focused crypto exchanges that have shut down since the FTX debacle. The number of Africa-focused crypto exchanges that have shut down continues…

News

Why Nasdaq Withdrawing from Custody Is Bad News for Crypto

by Ridwan Ridwan July 22, 2023

Nasdaq, a well-known and technologically advanced U.S. stock exchange, declared yesterday that it is abandoning its intentions to introduce a bitcoin custody service. The second quarter of this year saw the planned introduction of the new business line, which would have been…

Bitcoin Coins News

Stablecoin Market Share is Shrinking While Most Cryptocurrencies Surge

by Crypto Oracle July 21, 2023

(Bloomberg) -- One of the more head-scratching phenomenas playing out in the digital-asset world is the shrinking of the stablecoin market while most cryptocurrencies are posting outsized gains this year. Traders use stablecoins to move money into and out of cryptocurrency markets,…

Industry

This Is How Scammers Can Drain Your Crypto Wallet

by Crypto Oracle July 14, 2023

Scammers spun up at least 7,905 blockchain wallets in May to collect crypto they steal from ordinary users, according to a blockchain security company Forta Network. Forta, which has recently launched its own token, operates a network of bots that detect various kinds…

De-Fi

The Risks and Challenges of DeFi: Security, Regulation, and Smart Contract Vulnerabilities.

by Crypto Oracle July 14, 2023

Decentralized Finance (DeFi) has gained immense popularity for its potential to revolutionize the financial landscape. However, as with any emerging technology, DeFi is not without its risks and challenges. In this article, we will explore three significant areas of concern in the…

Industry

What Is ActivityPub? Understanding the Social-Media Protocol Meta’s Threads Plans to Use

by Crypto Oracle July 11, 2023

Meta’s launch of Threads has brought new interest in ActivityPub and how the social network protocol and the associated fediverse – including the Twitter-like Mastodon – work. The new Twitter-like social media service from Mark Zuckerberg’s Meta, Threads, was released in July…

De-Fi

DeFi Trends to Watch: Cross-Chain Swaps, Layer 2 Scaling, and DeFi 2.0

by Crypto Oracle July 5, 2023

Decentralized Finance (DeFi) has rapidly emerged as one of the most exciting and transformative sectors within the blockchain industry. With its promise of democratizing finance, enhancing financial inclusivity, and eliminating intermediaries, DeFi has gained significant traction and captured the attention of both…

De-Fi News

40% of South Africans Familiar With the ‘Concept of Web3’ — Study

by Crypto Oracle July 2, 2023

Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much…