The news hit like a gut punch. Another hack. Another million-dollar heist. This wasn't just any hack. This was the Pepe NFT hack, and it landed squarely on the backs of some of the most vulnerable people in the Web3 space: young Africans striving for financial freedom.From all around, we...
Liquidity mining has grown into one of the most important components of the Decentralized Finance (DeFi) ecosystem. It enables participants to be rewarded for providing their assets into liquidity pools. It can be a little intimidating for newcomers at first. Realistically demystifying it into familiar concepts shines a light on...
Liquidity mining quickly emerged as the new DeFi killer app superpower. It enables users to receive tempting rewards by supplying liquidity to decentralized exchanges (DEXs). In AMMs, liquidity providers add to a liquidity pool by depositing two tokens with equal value. In exchange, they receive a portion of the trading...
Web3 was going to be the next big thing, wasn’t it? Decentralized, trustless, and impervious to the whims of governments and corporations. And yet, here we are, sifting through the virtual debris of a Pepe NFT intrusion reportedly masterminded by the Hermit Kingdom. A meme coin and international espionage. Who...
Ethereum has taken a dominating lead on the marketplace, as NFT sales continue to skyrocket up to $125.1 million. Recent data underscores Ethereum’s comeback, fueled by a notable increase in sales and a decrease in wash trading. Individual CryptoPunks NFTs sell for millions, reinforcing the long-term appeal of scarce digital...
As a result, the media is ringing bells and shouting “NFTs are back!” Ethereum’s seemingly at the forefront, setting the pace, making a comeback. Before you mortgage your home to dive headfirst into the next hottest trend, let’s rewind. It’s high time to put a little more skepticism into the...
The Cardano blockchain is considering a radical departure from the traditional treasury management approach. The proposal was led by Charles Hoskinson, the founder of Cardano. It seeks to diversify one-third of the treasury’s holdings with allocations to Bitcoin and stablecoins. This proposed move — worth up to $1.2 billion —...
Hoskinson wants Cardano to buy Bitcoin. It’s a pretty ambitious step, one that echoes Norway’s oil fund. But is this just shrewd portfolio diversification, or is it an indication that Cardano’s house isn’t all there? Think of it this way: is he preemptively securing the castle, or is he admitting...
Consider a smallholder farmer in rural Kenya, who finds it difficult to obtain cheap credit to buy seeds and fertilizer. Or a small business owner in Nigeria, fighting against high transaction fees to send money to his suppliers. Unfortunately, this is the reality for millions at home and across Africa....
Like the art market, the NFT market is a living thing, changing and reacting to new trends, technologies and ideas. In the past few weeks, this changed dramatically, with Ethereum reclaiming its dominance over Polygon, as measured by NFT sales volume. Here’s a breakdown of what has driven Ethereum’s recent...