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In the swirling digital expanse, a staggering 97% of all artworks sold as non-fungible tokens (NFTs) in 2021 were acquired through NFT Marketplaces. This unprecedented adoption illuminates the weighty role these platforms play in the digital asset trade. At the heart of this burgeoning ecosystem, NFT Marketplaces facilitate the exchange of digital assets with aContinue reading “NFT Marketplaces: Frontier in Digital Asset Trade”

With the landscape of financial transactions undergoing a significant transformation, we are witnessing the rise of decentralised exchanges (DEX). These platforms represent a paradigm shift from conventional trading venues, advocating for peer-to-peer financial transactions without the necessity for a central arbitrator. Far from being a novel concept in passing, DEX is rapidly becoming a cornerstoneContinue reading “Exploring The Rise of Decentralized Exchanges (DEX)”

The realm of online trading has been abuzz with discussions about Immediate Edge, a platform that touts itself as a revolutionary automated trading system. At the heart of these discussions lie pressing questions – is Immediate Edge a scam, or is it a legitimate avenue for traders seeking to maximise gains? We aim to layContinue reading “How True is Immediate Edge?”

Ethereum’s Performance Analysis In the tumultuous world of cryptocurrencies, the second-largest digital asset in terms of market capitalisation, Ethereum, faced a 3% downturn. It managed to stay above the $2,000 bracket while exhibiting a rollercoaster movement between $2,017 and $2,088 within a 24-hour period. Ethereum’s market cap currently sits at a significant $243 billion value,Continue reading “Ethereum Technical Breakdown: ETH Maintains Position Above $2K Despite 3% Dip”

Bitcoin Technical Outlook: Trading Momentum Declines as Market Bulls Take a Breather Following a 4-week Spike As the dawn of the new week breaks, the cryptocurrency market is witnessing a slight dip of more than 2%. Equity futures suggest that there might be a minor dip in U.S stocks this Monday, thereby closing the curtainsContinue reading “Bitcoin Technical Analysis: Post 4-Week Rally, Bullish Momentum Takes a Breather”

A week of Crucial Changes in the Cryptocurrency Sphere The previous week witnessed some stirring events in the cryptocurrency market. Key developments included changes in the leadership of a top exchange, further classification of crypto assets by regulatory bodies, and major sanctions processes, all contributing to a highly eventful week. Here’s the round-up. Leadership ReshapedContinue reading “End of an Era: CZ Bows Out, SEC Identifies Additional Securities, While US Crypto Crusade Gathers Pace – Weekly Overview”

A Political Figure Arrested For Crypto Fraud In Nigeria In a significant turn of events, a Nigerian politician was recently apprehended for his alleged involvement in money laundering activities connected to a well-known cryptocurrency exchange. The charges relate to a significant amount of digital currency swindled from Patricia Technologies, earlier this year. The accused, WilfredContinue reading “Crypto Exchange’s Stolen Funds: Nigerian Politician Apprehended by Law Enforcement”

Agustin Carstens Reveals Tokenization’s Role in Financial System Modernization The task remains gargantuan of shaping modern-day financial systems into interconnected ones. In a recent revelation, the Bank for International Settlements (BIS) general manager, Agustin Carstens, proclaimed tokenization as the foreseeable answer to this task. Asserting that interconnectedness can be achieved through tokenization, he envisages aContinue reading “Agustin Carstens, BIS General Manager, Highlights Tokenization as a Key Element in Future Financial Systems”

Islamic Coin Issuer Collaborates Completely With UAE Regulator The United Arab Emirates-based business, Bored Gen DMCC, responsible for issuing the Islamic Coin, has made it clear that they have complied thoroughly with the Virtual Assets Regulatory Authority’s investigation into the coin’s release and distribution. Nonetheless, the distribution of the Islamic Coin (ISLM) within Dubai’s marketContinue reading “UAE Virtual Assets Regulator Confirms Full Cooperation from Islamic Coin Issuer”