After the peak of a major rally in 2021, cryptocurrencies have continually been dropping in value and have lost 2 trillion USD since. Bitcoin was deemed to have lost 70% of its value per coin when benchmarked against their historic high of being valued at 69,000 USD per coin. Other than Bitcoin, Ethereum (ETH) and […]Read full post
In 2021, the global crypto population rose from 106 million in January to 295 million in December, showing a vast increase of 178%. It is further predicted that the number of global crypto owners will reach 1 billion by the end of 2022. These large numbers denote the unprecedented growth of the crypto industry, which […]Read full post
In February 2022, the United States Department of Justice reported their arrest of Ilya Lichtenstein and Heather Morgan, a husband and wife duo, for performing money laundering activities. The couple had attempted to launder 4.5 billion USD worth of cryptocurrency coins stolen from Bitfinex. This high-profile case is only the tip of the iceberg as […]Read full post
The process of Digital Onboarding is not foreign to many. An individual would likely have experienced having to provide their personal information to organisations for education, employment, or even online purchases. As a frequent procedure undertaken by organisations worldwide, digital onboarding serves as an essential measure for compliance, especially in combating digital and financial frauds. […]Read full post
On 24 June 2022, Harmony announced on Twitter that they have been made victims of theft amounting to 100 million USD. The professional hackers exploited Harmony’s blockchain bridge — by successfully entering the system and transferring funds illegally to other fraudulent or private wallets within a short period of time. It was reported that the […]Read full post
Despite the industry’s recent growth, non-fungible tokens (NFTs) have also been a source of controversy, as they contribute to the rise of illegal activity. As a result, businesses and law-makers around the globe expect to see regulations surrounding NFTs to become stricter, in a fashion similar to how laws have controlled the cryptocurrency industry. We […]Read full post
Ropsten Merge On the 9th of June 2022, it was announced that the Ropsten Testnet has successfully merged with the Beacon Chain. Below, we summarize what is the Ropsten testnet, the Beacon Chain, and the implication of this merger. Ethereum Testnet Ethereum is one of the most popular blockchains in the world, with its […]Read full post
Consensus mechanisms are a type of tool manipulated by blockchains to safeguard themselves and function as a ledger for cryptocurrencies. A great variety of diverse consensus mechanism forms are adopted as blockchain technology advances rapidly, and thousands of freshly created cryptocurrencies emerge. Proof of Work (PoW) and Proof of Stake (PoS) are two commonly […]Read full post
In the cryptocurrency and art scene, “Non-Fungible Tokens (NFTs)” is one of the latest buzzwords that have been going around. In fact, ‘NFT’ was designated as Collins Dictionary’s word of the year for 2021. “It’s unusual for an abbreviation to undergo such a stratospheric spike in usage,” said Alex Beecroft, Managing Director of Collins Learning, […]Read full post
In recent years, the cryptocurrency market has received a lot of attention, driving cryptocurrency adoption up at an increasing pace. Global cryptocurrency adoption has increased by 880% over the previous year and an estimated more than 300 million individuals are using cryptocurrencies worldwide. However, as the public’s interest in cryptocurrencies grows, so does the number […]Read full post
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