Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According to statistics from Dune Analytics, the number of users or unique...
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows
The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu Cryptocurrency Helps Farmers Save Money According to a report from media...
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency The International Monetary Fund (IMF) published a blog post on Monday discussing the topic of cryptocurrencies as legal tender. The post...
Bungie & Ubisoft Sue Destiny 2 Cheatmakers Ring-1 For Copyright Infringement
Rather than test their skills on a level playing field, some gamers prefer to deploy third-party cheating software to gain a competitive advantage. This is particularly prevalent in multiplayer games where being able to shoot through walls, automatically aim, run at advantageous speeds and retain ammo supplies naturally provides a competitive advantage. While this may be good fun for those who dislike rules and don’t mind hollow...
YouTube Rippers Refuse to Log Data and Back Out of U.S. Piracy Lawsuit
Three years ago a group of prominent music companies took two of the largest YouTube rippers to court. The labels, including Universal, Warner Bros, and Sony, accused FLVTO.biz, 2conv.com and their Russian operator Tofig Kurbanov of facilitating copyright infringement. While many foreign site operators choose not to fight back, Kurbanov did. With help from a seasoned legal team, he filed a motion to dismiss, arguing that US courts...
