Philip Maina

Nairobi

Content Writer at Freelance

A fresh focus on cryptocurrency news, especially human-interest stories. Plus relevant guides and reviews.

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Articles

Yuga Labs Sells Moonbirds 16 Months After Buying It

6 days ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesYuga Labs has sold the Moonbirds NFTs to gaming startup Orange Cap Games after owning it for just 16 monthsOrange Cap Games also acquired Mythics and Oddities from the Bored Ape creatorThe gaming startup said the acquisition is part of the firm’s mission to expand the “OCG universe”Bored Ape Yacht Club (BAYC) creator Yuga Labs has sold the Moonbirds NFTs’ IP rights to gaming startup Orange Cap Games (OCG) for an undisclosed amount, just 16 months after acquiring it.
Ethereum Foundation Borrows $2 Million From Aave

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesThe Ethereum Foundation (EF) has borrowed $2 million from DeFi platform AaveEF borrowed the funds in Aave Protocol’s GHO tokens and used wrapped ETH as collateralAave’s Stani Kulechov described the move as “the full DeFi circle”Three months after depositing $120 million into multiple DeFi platforms, the Ethereum Foundation (EF) has borrowed $2 million from DeFi platform Aave.
DeFi Education Fund Questions SEC’s DAO Regulation

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesThe DeFi Education Fund and the Uniswap Foundation have probed SEC’s DAO regulationThey argue that DAOs aren’t securities and thus the SEC shouldn’t regulate themThe two believe that DAOs are “sufficiently decentralized,” and neither part of their operation fulfils the Howey testThe DeFi Education Fund (DEF) and the Uniswap Foundation (UF) have asked why DAOs fall under the SEC’s purview, and they don’t fulfil the Howey test.
DappRadar: Real-World Asset NFTs To Revitalize NFT Lending

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesDappRadar believes that real-world asset NFTs can revive the NFT lending marketDappRadar noted that NFT holders are borrowing low amounts or using low-value collectibles as collateralIt revealed that the NFT lending volume has dropped by 97% since January last yearBlockchain analytics platform DappRadar has noted NFTs linked to real-world assets (RWAs) can help revitalize NFT lending, whose volume has shrunk by 97%.
NFT-Linked Fashion Label 9dcc Shuts Down

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesNFT-linked fashion label 9dcc has announced it’s shutting down this monthIt attributed the move to difficulties navigating the web3 worldCustomers with pending orders have three months to redeem NFTs and receive their physical apparelNFT-linked fashion label 9dcc has announced that it’ll shut down by the end of this month, citing difficulties navigating the web3 world.
PancakeSwap Leads DeFi dApps on BNB Chain

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutes PancakeSwap leads other DeFi dApps with the highest trading volume on BNB Chain PancakeSwap’s user base also grew by 24% while its daily transactions increased by over 60% in the last 30 days Other DeFi dApps like Four Meme and Aster also saw a significant rise in the number of users and daily transactions within the same timeframe DeFi platform PancakeSwap has eclipsed other DeFi dApps on BNB Chain in terms of trading volume, with its daily transactions also rising by...
Cambodian Government Officials Benefited From Crypto Scams

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesA new report claims Cambodian government officials benefit from crypto scamsThe officials either invest in infrastructure meant to empower malicious actors, or they have family ties with the threat actorsThe Cambodian-linked scam industry is equivalent to roughly 60% of the country’s gross domestic product (GDP)A new report by Human Research Consultancy (HRC) claims that Cambodian government officials are profiting from crypto scams by working with scammers.
Polygon Co-Founder Quits Project

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesPolygon co-founder Mihailo Bjelic has left the Ethereum scaling projectBjelic said he’ll stay active in the blockchain space, but didn’t reveal his next move or projectHe has cut ties with both the Polygon Foundation and Polygon LabsPolygon co-founder Mihailo Bjelic has stepped down from the Polygon Foundation and Polygon Labs, effectively leaving the Ethereum layer 2 project.
Microsoft to Block Over 2,000 Lumma Stealer Websites

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesMicrosoft will block over 2,000 websites linked to the Lumma Stealer malwareMicrosoft disclosed it had received permission from a U.S. court to disrupt the websitesThe tech giant has also collaborated with law enforcement agencies to cripple the malware projectTech heavyweight Microsoft has disclosed that a U.S. court has allowed it to block or seize over 2,000 websites linked to the Lumma Stealer malware.
FIFA Migrates NFT Marketplace To Avalanche-Powered Blockchain

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesFIFA has migrated its NFT marketplace to an Avalanche-powered blockchainThe marketplace was previously hosted on the Algorand blockchainThe migration is meant to enhance FIFA’s ability to offer unique NFTs and “immersive fan experiences”International football association, FIFA, has migrated its NFT marketplace and collectibles from Algorand to an Avalanche-powered layer 1 blockchain.