Technology Financial News

13.05 / 19:17

Blockchain Technology Stablecoin Adoption What happened? Terra debacle exposes flaws plaguing the crypto industry

The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite of algorithmic stablecoins.

13.05 / 14:37

Technology Adoption NASDAQ Bitcoin Bitcoin gains Bitcoin gains superior to stocks in the long term, economist says

The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe better return opportunities of crypto versus stocks, according to several industry executives.

12.05 / 15:59

Blockchain Technology NFT Marketplace Madonna nude NFT launch triggers a mix of emotions from the community

The queen of pop has collaborated with record-setting artist Beeple to create a series called "Mother of Creation" which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees.

10.05 / 23:01

business Blockchain Technology Bitcoin Michael Saylor assuages investors after market slumps hurts MSTR, BTC

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.

09.05 / 23:39

business Blockchain Technology Art Fine Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece

According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) has become the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor (1860 – 1949)’s painting Carnaval de Binche. Investors can obtain fractional ownership of the work starting from 150 euros. The venture is a joint effort between KMSKA, Tokeny and blockchain art entity Rubey, with the tokens themselves being ERC-3643 compliant and launching on the Polygon (MATIC) blockchain.

09.05 / 20:49

Blockchain Technology Stablecoin Adoption Compound Treasury receives B- credit rating from S&P Global Ratings

On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rating for an institutionalized DeFi protocol. The S&P Global Ratings' investment suitability scale ranges from AAA (extremely strong) to D (in default). A score of B- indicates the issuer can meet financial commitments, though vulnerabilities to business, financial, and economic conditions persist.

07.05 / 14:13

Blockchain Technology defi Fraud How to avoid front runners on decentralized crypto exchanges

Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more. One issue, however, that has refused to subside is front-running. Unscrupulous players are still finding ways to defraud unsuspecting traders.

07.05 / 12:39

Blockchain Technology Adoption Google Digital sovereignty: Reclaiming your private data in Web3

As the Fair Data Society puts it, we are laborers in the data economy. Our personal data — basically, the digital blueprint of our lives — gets collected by platforms we interact with, most often in a non-transparent way. At best, it is used to improve our user experience. At worst, our privacy gets breached, monetized and even weaponized against us.

06.05 / 23:41

markets Blockchain Technology Adoption There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform industry

The nonfungible token (NFT) sector has undergone a surge in popularity over the past year and a half as projects like Bored Ape Yacht Club and CryptoPunks captured the attention of the general public.

05.05 / 22:35

Technology Health Putin apologised for Moscow's Nazism remarks, says Israeli PM's office

Russian President Vladimir Putin has apologised for Moscow's controversial remarks about the Holocaust, according to a statement from Israeli Prime Minister Naftali Bennett's office.

05.05 / 15:49

markets Technology Federal Reserve Interest rates DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem

Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector.

05.05 / 14:29

Technology Health 'I feel it's dragged on': Lukashenko on Russia's war in Ukraine

Belarus’ authoritarian leader says he didn’t expect Russia’s war in Ukraine to drag on for so long and claimed he was doing “everything” to stop it, in an interview with The Associated Press on Thursday.

05.05 / 12:23

Technology Power stake UK elections: Key test for Boris amid partygate furore and Northern Ireland power-sharing at stake

Polls have opened in the UK for Thursday's local elections which are seen as a major test for Boris Johnson, under pressure over a cost-of-living crisis and damaged by the "partygate" scandal.

04.05 / 16:37

Blockchain Technology Adoption Internet NOT The creator economy will explode in the Metaverse, but not under Big Tech’s regime

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.

04.05 / 13:27

Technology Adoption defi pension Virginian county wants to put pension funds into DeFi yield farming

The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over deeper involvement with decentralized finance (DeFi) yield farming.

03.05 / 16:05

Blockchain Technology Ethereum Tech The birth of ‘Ethereum Killers,’ can they take Ethereum’s throne?

Ethereum has proven to be a formidable force. While its major issues have spawned other coins aimed at addressing them, Ethereum looks to shed its old skin with the release of Ethereum 2.0.

02.05 / 12:35

business Blockchain Technology Bitcoin Cybersecurity a crucial component of blockchain ecosystem: CEO of QuillAudits

Cybercrime is the greatest threat to enterprises, and blockchain technology could go a long way in fighting it. Most data breaches in 2020 were caused due to human errors, of which 45 percent involved hacking, 22 percent featured phishing, and 17 percent involved malware.

30.04 / 08:45

business Blockchain Technology Adoption Demystifying the business imperatives of the Metaverse

In a previous article, I discussed the evolution of Web3 economies and current volatility, focusing on the participatory nature of Web3, which is the foundational technology enabling the creator economy.

29.04 / 22:33

Technology Terrorism Refugees Islamic State 'Beatle' gets life sentence for beheadings

British national Alexanda Kotey, an Islamic State fighter known as one of the 'Beatles' by the hostages he guarded along with other British members of his terror cell, was sentenced to life in prison on Friday at a courtroom in the US state of Virginia.

29.04 / 19:03

Technology Fraud Prison Boris Becker sentenced to two and a half years in prison for bankruptcy offences

Tennis great Boris Becker was sentenced by a London court to two and a half years in prison on Friday for illicitly transferring large amounts of money and hiding assets after having declared bankrupt.

29.04 / 14:31

Technology Twitter Human Rights rights Frontex chief resigns over misconduct and human rights violations probe

The head of the European Union's border agency confirmed he is stepping down on Friday following reports of misconduct and human rights violations toward migrants.

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