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Five Essential Things You Should Know About The Metaverse

The term Metaverse has been coined in many ways, under multiple industries. Perhaps some have heard Metaverse being mentioned in gaming, entertainment, shopping, tourism, and even social media. Briefly put, Metaverse is defined in the dictionary as “a virtual-reality space in which users can interact with a computer-generated environment and other users.” 5 essential points …

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Five Essential Things You Should Know About Automated Market Makers

Automated market makers (AMMs) were first developed in 2018. Now, in 2021, “AMM-based exchanges are processing billions of dollars worth of on-chain transactions” daily. An AMM can be known as a program that helps automate the process of liquidation. AMM are part of decentralized exchanges (DEXs) where intermediaries are removed, and are also heavily involved …

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Five Essential Things You Should Know About the Bitcoin Price Fluctuation

Introduced in 2009, Bitcoin has reached unprecedented popularity, with an ever-fluctuating BTC in the crypto market. When Bitcon began to rise in popularity in 2010, the “price for one token rose from fractions of a dollar to $0.09,” whereas today it costs around $19,400 USD for one BTC on the market. 5 essential points when …

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Five Essential Things You Should Know About CBDC and Stablecoins

Following the introduction of Decentralized Finance (DeFi) and the first stablecoin in existence, DAI, stablecoins and Central Bank Digital Currencies (CBDC) have become much more relevant to today’s economy. The main difference between CBDC and stablecoins stem from the status of the currency. For example, while both are pegged to a fiat currency, only CBDC …

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Five Essential Things You Should Know About DeFi

DeFi, otherwise known as Decentralized Finance, has quickly been adopted into stable coins, banking, government, and even more areas of need in finance and asset management. DeFi also has great potential in developing markets, banking industries, SMEs (small to mid-size enterprises), and more. DeFi and blockchain based transactions have the potential to revolutionize many industries, …

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Five Essential Things You Should Know About the Innov-Edu NFT Marketplace

Innov-Edu is a proprietary platform of InnovFin. InnovFin is a blockchain company, with over 10 years of experience in the finance industry. The company specializes in blockchain, artificial intelligence (AI), internet of things (IoT), augmented reality (AR) and virtual reality (VR). There are four portions to the Innov-Edu platform. The Innov-Edu Marketplace is a platform …

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Five Essential Things You Should Know About Filing Crypto Taxes

The 2022 tax filing deadline is fast approaching. As a result, Canadian crypto investors are scrambling to file taxes, given the new regulations on cryptocurrencies. If you are one of these investors, please keep on reading to figure out what you should report on your taxes. 5 essential points you should take note of when …

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Five Essential Things You Should Know When Creating a Wallet

Conventionally, physical wallets were used to contain tender cash (aka fiat currency). The growing popularity of digital banking led to an increasing use of digital wallets. Likewise, cryptocurrencies are held into digital wallets.  Here’s a basic timeline on the evolution of wallets: Physical wallets > Digital wallets > Mobile wallets > Crypto wallets 5 essential points …

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How Blockchain Helps Companies Secure their Data!

One fundamental advantage of blockchain technology is the secure manner in which data is stored. At the forefront of this innovative technology, Microsoft announced a new way to secure data through the Azure Confidential Ledger. It is a blockchain technology that helps organizations store and record sensitive data.  Data insecurity remains to be an issue that millions …

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How Blockchain Reduces Counterfeiting for the Fashion Industry!

In the rapidly evolving e-commerce landscape, there are several ways for consumers to intentionally and unintentionally access counterfeit goods.  Most importantly, the circulation of counterfeit goods often costs companies and consumers hundreds of millions of dollars annually. This fact has especially impacted high-end fashion retailers like Prada and Louis Vuitton. Due to the drastic increase in losses from …

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