Patamali Aims to Reshape Real Estate Financing in Kenya through DeFi
With ambitions to revolutionise the traditionally illiquid real estate market, Kenya’s Patamali is harnessing the power of Decentralized Finance (DeFi). Founded in November 2021 by visionaries Laura Omanga and Allan Musomba Mulei, the company has made significant strides by building its platform on the Celo blockchain. “🚨Big News Alert!🚨 Kenyas Patamali is taking over the real estate financing world with …
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Tether Takes on Bitcoin Mining with Renewable Energy in Uruguay
Tether, a renowned issuer of a stablecoin, plans to invest in sustainable Bitcoin mining in Uruguay, citing the country’s renewable energy capabilities as the ideal spot for Bitcoin mining production. Tether has purchased a facility for energy production and sustainable Bitcoin mining in Uruguay, broadening its revenue mix to back its USDT stablecoin. This action aligns with Tether’s goal to …
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Korea Urged Binance to Implement New System to Freeze Assets
The South Korea Financial Services Commission (FSC) has instructed Binance, the world’s biggest cryptocurrency exchange, to adopt a fresh wallet identification and asset-freezing mechanism. This step is part of FSC’s crackdown on cryptocurrency exchanges that are functioning in the country, with Binance being the most recent target of the investigation. Korean Crypto Crackdown Furthermore, some of the leading Korean exchanges …
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Bali’s Crypto Crackdown Targets Tourists as Bitcoin Payments Banned on the Island
As per the reports, the utilization of Bitcoin and other cryptocurrencies for transactions is now prohibited in Bali, Indonesia. Bank Indonesia, the central bank of the nation, had already restricted the use of cryptocurrencies as a payment mechanism in 2021. The objective of the prohibition on Bitcoin payments in Bali is to discourage tourists from utilizing virtual currency to buy …
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Temasek Employees Get Salary Cut After Failed FTX Investment
Temasek, a wealth management firm based in Singapore has cut the salary of the staff who were involved in its FTX investment. Temasek had invested $275 million in FTX which they wrote off. After an internal review was conducted by the team at Temasek, they found out that the employees were not involved in any kind of misconduct. Temasek said …
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Ubisoft Launches Rabbids NFTs into Reddit
Ubisoft, a renowned name in the gaming world has launched Rabbids theme NFTs into Reddit to offer personalization of profils to users. These alien looking rabbit creatures were first launched in the mid 2000s and have also been featured in Nintendo’s Mario franchise. Now they are available to Reddit users which are acquirable as Polygon NFTs. These collectibles on Polygon …
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How EHP Technology Will Revolutionize Plant Root Frost Preventing Systems
Plant root frost prevention is an essential aspect of agriculture, particularly in areas with cold climates. They are mechanisms designed to protect the roots of plants from damage caused by frost. These systems work by regulating the temperature of the soil around the roots, preventing it from dropping below freezing point. The market for plant root frost prevention systems has …
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Federal Authorities Demand BlockFi to Transfer Funds Used in $575M Scam
BlockFi, a platform that lends cryptocurrency, has been directed by the court to transfer funds related to a $575 million fraud. The court-appointed prosecutor, who filed a complaint against BlockFi in March, issued the order. The prosecutor alleged that BlockFi’s platform was used to transfer and hide funds in the fraudulent scheme. About the Accusations According to the accusation, individuals …
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Coinbase Takes the Crypto Campaigns to TV Screens in US
Coinbase, the leading cryptocurrency exchange in the US, has launched a TV ad campaign to clarify the importance of cryptocurrency to the country. According to Brian Armstrong, the CEO of Coinbase, the campaign, named “Crypto: Moving America Forward,” aims to explain why cryptocurrency is the top technology for upgrading the economic system of America. The advertising campaign includes television advertisements, …
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Vitalik Buterin Sounds the Alarm for Ethereum Consensus at Risk of Overload
In a recent article, Vitalik Buterin, one of the co-founders of Ethereum, has warned against overloading the Ethereum consensus mechanism. He stressed the significance of preserving Ethereum’s simplistic approach to consensus and avoiding adding unnecessary responsibilities for validators. Buterin has highlighted the potential risks of leveraging the Ethereum validator set and social consensus for anything other than the core Ethereum …
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