Author: Ranjan Yadav

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

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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The Select Committee on Australia as a Technology and Financial Centre (SCATFC) has just published a cryptocurrency regulation proposal report. The SCATFC is advocating the development of fresh fintech and digital asset industries’ rules to support the domestic cryptocurrency economy. The set of recommendations tabled by the committee to boost Australia’s FinTech, and digital asset sectors concern: The FinTech “de-banking”The digital banking institutions’ (neobanks) policy environmentCryptocurrency regulation The senators of Australia are recommending a licensing regime for digital currency exchanges (assessing capital adequacy and auditing). This goes beyond the current obligation of requiring trading platforms to have a mere Austrac…

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PIMCO Investment Management is showing signs of embracing cryptocurrency investments. PIMCO CIO Daniel Ivascyn says hedge funds of PIMCO have begun “trading crypto-linked securities.” PIMCO manages a total of US$2.2 trillion in assets under management (AUM). Ivascyn also stated after considering cryptocurrencies previously, PIMCO now intends to “gradually invest more in digital assets.” PIMCO wants to invest in digital crypto assets that have the potential of disrupting the financial industry. During an interview with CNBC’s (Delivering Alpha) Leslie Picker, Ivascyn said: Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing…

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Tranchess, a yield enhancing asset tracker with varied risk-return solutions, is now listed on Binance (Innovation Zone). In the Innovation Zone of Binance, investors are allowed to buy and sell freshly-listed tokens that could be volatile with a greater risk. Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC), which consists of 3 tranche tokens (QUEEN, BISHOP, and ROOK) and its governance token CHESS. The platform offers various features including a DEX (Tranchess Swap), money markets (Primary Market), staking, and network governance.Binance Research Tranchess shares a vision of empowering DeFi users via asset allocation…

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The decentralized derivatives exchange (DDE), MCDEX, has received new investment, courtesy of the Binance Smart Chain (BSC). The said investment is courtesy of the newly announced US$1 billion Growth Fund, as BSC aims developing its platform and the entire integrated BSC ecosystem. Alex Odagiu, Investment Manager, BSC Accelerator Fund, said: MCDEX has posted tremendous growth since its inception, under the $1B fund we’re looking to support such projects that are capable of scaling for the upcoming wave of mass adoption,” “With this funding, we hope to see even more development and higher liquidity in perpetual markets, MCDEX is the first…

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Bitcoin (BTC) just touched an all-time high (ATH) of US$66,974.77. Satoshi Nakamoto, the unknown creator of the Bitcoin protocol project, is again among the “world’s top 20 richest billionaires,” per Bitcoin.com Newsdesk. Earlier in April 2021, Nakamoto claimed the 19th spot in the said list, but now it’s the 20th spot. While BTC’s price dropped on 26th April (2021) to US$49,106.50, Nakamoto’s wealth position did plummet. Fast forward six months, the anonymous one is now the 20th wealthiest in the world. In April 2021, Nakamoto travelled all the way from being the 159th richest to being the 19th richest, in…

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