Author: Ranjan Yadav

Thinker. Reader. Learner. Writer. Informed. Rebel.

Automated cryptocurrency arbitraging clients in South Africa are sent account termination notices by the Standard Bank (S.A.). As reported by Mybroadband, this development “has sent shockwaves through the cryptocurrency industry.” People tend to wonder what the actual criteria used by the Standard Bank really is, for deciding upon terminating accounts for cryptocurrency arbitrage. Shiftly’s (an arbitrage trading company) co-founder Carel de Villiers is curious to know what formula the Standard Bank actually uses. De Villiers clarifies that his firm is not among the bank’s clientele. Standard Bank had earlier refused to approve de Villiers’ firm Shiftly’s new account opening application.…

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Radio Caca (RACA) has won Binance Smart Chain’s (BSC) coveted Most Valuable Builders (MVB) III September Star Award (2021). Binance found RACA’s performance on transaction volume, active users, total transaction, performance analytics, etc. parameters to be satisfactory. The Certik-audited Radio Caca exclusively manages Maye Musk Mystery Box (MPB) and also that of The USM (the MMO 3D Mapping Metaverse) Metaverse of DeFi + GameFi vehicle. Having launched on the BSC in October 2021, Radio Caca is a ‘Play to Earn’ game involving ‘RACA’ is the AXS of Axie Infinity. Radio Caca’s extensive and innovative commitment towards building its Metamon P2E…

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Acclaimed luxury auction house Sotheby’s has just unveiled their non-fungible token (NFT) marketplace—the “Sotheby’s Metaverse.” Featuring in the Sotheby’s NFT marketplace are various collectible artworks of prominence, such as the Rare Pepe card collection. Sotheby’s Metaverse is an exclusive (immersive) platform and service destination for collectors of digital art. A portal to the world of curated NFTs, Sotheby’s Metaverse will thrive at the intersection of art, commerce, and culture. At present, on Sotheby’s Metaverse, the Natively Digital 1.2 (ND1.2) The Collectors curated NFT sale is ongoing until 26 October, 2021. The NFT Collection terms its collectors to be “people with…

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The SEBI (Securities and Exchange Board of India) has clearly communicated to RIAs (registered investment advisers) to refrain from indulging in ‘digital gold’ activities. The warning issued by SEBI makes it unlawful for the RIAs to partake in such activities which involve “unregulated products.” The cryptocurrency industry in India is still not officially regulated. An official SEBI press release specifies directions pertaining to “dealing in unregulated products by SEBI registered Investment Advisers.” SEBI specifically stated the following in the said press release: It has come to the notice of SEBI that some registered investment advisers [RIAs] are engaged in unregulated…

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An awaited open and abruptly shut food delivery start-up case has been buzzing in the cryptoverse lately. Celebrity-endorsed CryptoEats food delivery company abandoned investors’ appetites, siphoning-off EATS token sale’s US$500,000. CryptoEats didn’t Burp, not even once! Having reportedly raised over US$8 million in Series A funding, CryptoEats’ press release was distributed via GlobeNewswire. The release claimed that founder Wade Phillips (a non-existing identity) formed a partnership with McDonald’s, etc. The scam start-up reportedly hired a massive team of delivery personnel to “compete head-on with the likes of Uber eats and Delivaroo thanks to its algorithm based blockchain implemented software.” Promoted…

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The blockchain community of Nigeria had recently voiced their discontentment against the rejection of a blockchain start-up’s registration application. The Corporate Affairs Commission (CAC) of Nigeria had rejected the application submitted by FlintAPI Ltd. CryptoAssetBuyer.com reports FlintAPI Ltd. is now duly registered with the CAC. The onus was on the CAC to act on the matter but the blame, CAC explains, is courtesy of a staff member, who couldn’t properly categorize the query. CAC’s Registrar-General Alhaji Garba Abubakar reportedly intervened via directing Muhammad Abdullahi (Techncial Assistant to Registrar-General, CAC). Muhammad Abdullahi then approached Convexity Founder & COO, Mr. Adedeji Owonibi,…

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Web 3.0 Music NFT platform Melos Studio has just received a strategic investment from Binance Labs. Melos Studio would add to Binance ecosystem by “diversifying music NFT category in Binance Smart Chain (BSC).” Binance Labs’ strategic investment would give Melos Studio access to vital “technologies, consultation, and incubation services.” Melos Studio would work upon team expansion plus forming fresh collaborations with leading global artists, and indie artists. Chase Guo (Investment Director, Binance Labs), stated: We hope to innovate the field of music NFT with Melos Studio and are looking forward to collaborating with the team. Melos is differentiated in that…

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Binance Smart Chain (BSC) developers (devs) are pitching to implement an Ethereum-like burning mechanism for Binance’s native BNB tokens’ Real-Time Burning Mechanism (RTBM. The concept that BSC devs are proposing is that of network utilization. Dubbed as the Binance Evolution Protocol 95 (or BEP-95), the mechanism would benefit validators and holders with a value augmentation via token burns. The BEP-95 protocol’s features are believed to be inclined towards Ethereum’s (ETH) EIP-1559 fee burning protocol. BSC’s proposed gas-burning mechanism would burn a part of the user-paid (transaction) fees or smart contracts’ interact fee on the BSC. In regular instances, the said…

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Ethereum (ETH) managed to reach a monthly soaring of 46% to touch a 52-week all-time high (ATH) of US$4,379.11 on October 20, 2021. This trend is reminiscent of ETH’s May 12 (2021) ATH of US$ 4,384. A likely reason for this upbeat cryptocurrency market momentum is a recent approval of the Bitcoin (BTC) Futures ETF by the U.S. Securities and Exchange Commission (SEC). Following which, BTC soared to a new ATH of US$66,000+. Although ETH initially tended to move at a snail’s pace following the approval and launching of a U.S.-based BTC ETF. Then ETH and other cryptocurrencies followed the…

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The Corporate Affairs Commission (CAC) has reportedly refrained from approving a start-up registration application. The reason being presented by the CAC is as follows: Blockchain is yet to be recognized by the Nigerian government, kindly expunge. CryptoAssetBuyer reports the start-up in question was developing a blockchain gaming rewards’ API (Application Programming Interface) connection. But, the start-up was advised that the CAC will only proceed with the application process following a resolution of the blockchain technology reference is materialized. The CAC didn’t allow registering a blockchain company against an application submitted on 10 October 2021 via the CAC’s digital platform. Subsequently,…

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