Introduction Scalability in the context of blockchains refers to the ability of a blockchain network to effectively handle increased user activity. This includes processing transactions, storing data, and reaching consensus. When a blockchain faces scalability issues, it can result in slow transaction processing times and higher costs. This can hinder mass adoption and limit the…
Amid regulatory concerns, Honduras’ National Banking and Securities Commission (CNBS) has passed a resolution prohibiting financial institutions in the country from engaging with cryptocurrencies. The decision was made after the Honduran central bank said that it was unable to guarantee crypto transactions because they were not regulated. According to the resolution, individuals utilizing cryptocurrencies and…
The Financial Conduct Authority (FCA), an autonomous regulator overseeing finance in the UK, has released a report outlining its efforts concerning financial promotions. This includes its investigations and responses to advertisements linked to cryptocurrency. On Wednesday, the FCA announced that it discovered considerable instances of non-compliance with the rules governing cryptocurrency promotions, which were implemented…
Destroying the Bitcoin and Ethereum network through 51% attacks has become financially unfeasible for nation-states due to the exorbitant costs involved. This is according to research from crypto intelligence firm Coin Metrics. A 51% attack occurs when a malicious entity possesses over 51% of the mining hash rate in a proof-of-work network like Bitcoin or…
Introduction Smart contracts, the backbone of blockchain technology, are programmable contracts that execute automatically when predefined conditions are met, eliminating the need for intermediaries. However, their functionality is not limited to the blockchain alone; oracles serve as bridges between smart contracts and real-world data, enabling them to interact with external sources. Essentially, oracles unlock the…
The Financial Services Agency (FSA), Japan’s primary financial regulatory body, has proposed several steps to safeguard users against unauthorized transfers to cryptocurrency exchanges and one of these measures could significantly disrupt the peer-to-peer (P2P) transactions sector. The agency issued a request to Japanese banks on February 14, citing a persistently high number of fraudulent transactions…
Introduction The importance of securing your crypto assets cannot be overstated. Failing to prioritize the best security practices can result in losing your fortune in the crypto world. Protecting your crypto is vital to prevent theft, maintain privacy, and preserve digital wealth. The crypto industry is filled with numerous security risks, necessitating constant vigilance. Incidents…
The cryptosphere simmers with anticipation. Rumors of a “crypto summer” swirl, igniting excitement yet tinged with uncertainty. As the crypto markets show signs of heating up, cryptocurrency exchange Birake appears to be firing on all cylinders with a series of enhancements and partnerships to provide users with the best possible trading experience. Birake is repositioning…
Just weeks after its quiet return, Flits, the trailblazer of mobile masternoding, is making waves in the crypto scene. The reborn platform, armed with a sleek interface and groundbreaking affordability, has stormed its way to the top. Within a blink, the Flits app has attracted over 51,000 users and witnessed the deployment of more than…
Binance has issued a cautionary statement, hinting at the potential delisting of 10 privacy coins, such as Monero, Zcash, and Horizen, amid regulatory concerns. In an official announcement, the cryptocurrency exchange stated that these tokens had been labeled with a “monitoring tag” and may not satisfy listing criteria associated with team dedication, network security, trading…
