Merkle Trees: Unraveling the Magic Behind Cryptocurrency Exchange Security
Today, we’re diving deep into the thrilling world of Merkle trees and their crucial role in securing your precious cryptocurrency balances on exchanges. Buckle up, because we’re about to reveal the magic behind these ingenious data structures and how they work.
NOWPayments Teams with Shibarium to Build on its Blockchain
Shibarium and NOWPayments — NOWPayments, a Netherlands crypto payment gateway has teamed with Shiba Inu to build on its ecosystem. This move will help to increase crypto payment adoption and also will help to give strength to the Shiba Inu ecosystem.
Crypto Evening Briefing: Twitter Partners With eToro to Let Users Trade Stocks, Crypto As Musk Pushes App Into Finance
Twitter users will be able to access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading company.
Camel Ventures Launches $16M Investment Fund, Drawing Attention from Cryptocurrency Giants BTC, ETH, and Signuptoken.com
As Camel Ventures launches its inaugural venture capital investment vehicle, Camel Ventures for Investment I, with a fund of EGP 500 million ($16 million), the company hopes to support the growth of Egypt's fintech startup ecosystem. The fund will provide equity investments to early-stage fintech startups and venture loans for later-stage startups, which could accelerate their growth and expansion. The development of Egypt's fintech industry could also open doors for the growth of cryptocurrency projects such as Bitcoin (BTC), Ethereum (ETH), and Signuptoken.com.
Web3 Economy to Gain More Traction in Africa Through DeFi-Based Financial Inclusion
Fonbnk, a Web3 on-ramp that enables Africans to obtain cryptocurrency assets by exchanging airtime credits, has partnered with Tanda, a merchant network platform in East Africa, to launch an airtime trading marketplace. The partnership will bring about an increase in liquidity to the marketplace through the buying and selling of prepaid airtime for profit, creating opportunities for agents to earn revenue and store their profits in dollarized stablecoins. The partnership enables more African users to participate in the Web3 economy, without requiring bank accounts or cards. Fonbnk plans to expand earning opportunities for African micro-entrepreneurs and bring DeFi-based financial inclusion to the masses across Africa. The top five African countries adopting Web3 and crypto are South Africa, Nigeria, Zimbabwe, Kenya, and Ghana, according to BitcoinAfrica.io.
Brazilian Blockchain and Cryptocurrency Legislation
Brazilian legislation does not presently include Cryptocurrency-specific tax rules. Nonetheless, the Brazilian tax authorities publish several Questions and Answers that make it clear that Cryptocurrencies must be reported on tax returns and that any profits made from selling them are taxable as capital gains.
Zambia’s Crypto Regulation Tests to Be Wrapped by June: Report
Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June.
Chainalysis and Calgary Police Launch Cryptocurrency Investigation Center
A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12.
The Role of Cryptocurrencies in Combating Climate Change
Cryptocurrencies have become a popular investment and transaction tool in recent years, but they have also come under scrutiny due to their impact on the environment.
What Is Margin Trading?
Margin trading is the practice of trading on the spot market using borrowed funds. The trader borrows them against their own assets — margin. He pays an hourly interest rate commission for the use of credit funds.
