Decentralized Exchange and Regulatory Challenges

Decentralized exchanges (DEX) are a type of cryptocurrency exchange that operates in a decentralized manner, unlike centralized exchanges (CEX), which rely on a central authority to manage trades. DEXs have become increasingly popular in recent years due to their security, transparency, and lack of reliance on a central authority. However, the rise of DEXs has also raised several regulatory challenges, …

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Firms to Invest $406m in Establishing Bitcoin Mining Facility in Abu Dhabi

The Significance of bitcoin and other cryptocurrencies is growing at a rapid speed, as a result, several countries are now understanding its importance and taking necessary steps to make it accessible to a large number of people without facing any financial risk. In addition, a group of firms has stepped into this initiative and unveiled plans to establish a new …

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OpenSea Addresses Security Flaw, Safeguarding User Identities

Since last year, OpenSea, the biggest market for buying and selling non-fungible tokens (NFTs), has been the target of numerous hacks. Due to several hacking efforts, the platform has lost NFTs totaling $200 million so far. Users grow skeptical as a result of this loss. Although Opensea just fixed a vulnerability that may have revealed the sensitive information of its …

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Dogecoin vs. Bitcoin: Key Differences

Cryptocurrencies have taken the world by storm, and among them, Bitcoin and Dogecoin are two of the most popular. Bitcoin, the first-ever cryptocurrency, was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. On the other hand, Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. While both …

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Starbucks Made a Mark in NFT Market: Collection Sold Out for $200,000 in 20 Minutes

With its most recent collection, Starbucks, the largest coffee chain in the world, has managed to make a mark in the non-fungible tokens (NFT) market. The Starbucks NFT Collection was unveiled on March 10th, 2023, and sold out in just 20 minutes for a whopping $200,000. Unfortunately, the collection was only accessible to Starbucks Odyssey members. However, despite limited availability, …

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The Social and Political Implications of Bitcoin

The rise of Bitcoin and other cryptocurrencies has been among the most talked-about topics in recent years. Bitcoin was created in 2009 as a decentralized digital currency, which means any central authority like a government or a bank does not control it. This decentralized aspect of Bitcoin has important social and political implications. In this article, we will explore Bitcoin’s …

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Singapore Authority Launched a new Probe Against Terraform Labs

Singapore’s regulatory authority has launched a fresh probe into Terraform Labs, a blockchain company established by Do Kwon, amid tensions over potential regulatory breaches. The step follows a similar investigation opened by the United States Securities and Exchange Commission (SEC) last year for misleading the public by stating that Terra was decentralized and that TerraUSD was regulated by the firm, …

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