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The ERC-6551 is the latest standard for Non-fungible tokens (NFTs), and it has the potential to revolutionize the Non-fungible token ecosystem. In addition, TBAs (Token Bound Accounts) which are the latest category of NFTs is compatible with the already existing ERC-721 Non-fungible tokens. The TBAs enable NFTs to have smart contract capabilities, thereby improving their […]

The fees on Ethereum and Bitcoin have ramped up over the previous weekend, and they have increased by twofold what they were the week before. What could be the cause of this instantaneous fee increase, and what are its implications for the future? This is what we will be considering in this article. Although the […]

Various non-centralized protocols have been designed on Abitrum to benefit from some of its delightful features. Examples of these features include speed, low charges, and security. As of now, Abitrum stands as the biggest Ethereum Layer 2 solution. It also has more than three hundred projects, two billion dollars in TVL, and a token known […]

Cryptocurrency banks are banks that see cryptocurrencies such as Bitcoin and the like as a means of exchange and debt settlement. These banks usually interact in a friendly manner with cryptocurrencies or businesses related to crypto. These banks sometimes provide cryptographic custodial services. Most banks can shut down an account with very little or no […]

Stablecoin offers us the goodies of the blockchain while simultaneously avoiding the volatile nature of crypto. Examples of the blockchain goodies mentioned above are instant settlement, transparency, privacy, and lower transaction costs. All this time, Stablecoins have been becoming increasingly popular. Let’s check out some of the most commonly used cases for this group of […]

Due to difficult regulations and harsh economic conditions, the popular cryptocurrency exchange platform Bittrex has announced that it will cease operation in the United States. Bittrex, which was established in 2013 by Bill Shihara, Richie Lai, and Rami Kawach, has long been a major player in the cryptocurrency market. However, Bittrex Global, the international division […]

John McAfee said in 2017 that Bitcoin would be worth $1 million by 2020. Subsequently, Bitcoin only managed to surpass the $30,000 price mark. Also, Chamath Palihapitiya predicted that Bitcoin will be worth $1 million in 20 years (in 2047). Likewise, Harold Burger said BTC can’t be worth $1 million before 2028 and not after […]

DeFi is a platform or website that provides non-centralized financial services such as investing, trading, borrowing, lending, tokenized real estate, and insurance. Financial institutions such as banks normally act as an intermediary between banks and users, with the aim of just managing the money during centralized financial interactions. However, the blockchain has enabled financial...

CBDCs refer to the type of digital currencies that are issued and backed by the central bank of a particular nation. Unlike cryptocurrencies, which are decentralized and operate independently of an apex bank, CBDCs are centrally issued and centrally managed. Information from the Atlantic Council’s tracker on CBDCs states thus: “114 countries are exploring CBDCs. […]

Definition of Stablecoin Yield Farming These are digital currencies that have been pegged to fiat currencies or a commodity such as gold or bonds. Meanwhile, stablecoin yield farming simply means putting your crypto or stablecoin to work on decentralized finance apps for the sole purpose of earning profit. There are two means of doing this. […]