The first Web3 media hub sharing stories + education on Web3 & Gaming. Trusted by builders, founders, and ecosystems shaping African Web3 | Host @heisfeezy
Joined January 2016
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The doors to TheHive Gaming Guild EFootball competition are OPEN and it’s time to secure your spot.
📅 Date: 1st – 3rd
32 Players
4 Groups
8 Finalists
1 Champion
Think you’ve got what it takes to rule TheHive Clan and claim the crown? Let the games begin. 🐝
InsideTheHive 🐝 retweeted
Sometimes, you need to leave your familiar surroundings to realise just how much you don’t know.
People will tell you to just book a flight, pack your bags and explore the world but travelling internationally with a Nigerian passport is a different conversation entirely.
The paperwork, visa applications, embassy appointments, financial statements, immigration questions and sometimes having to prove that you’re actually going to return home.
Meanwhile, someone else is booking a spontaneous weekend getaway without thinking twice. We need to talk more about passport privilege tbh.
Because why should exploring the world feel like an achievement reserved for people born with the right passport?
Got back from Bali, and one thing is certain: the world is beautiful, but access to it isn’t equally distributed.
What’s your experience travelling with an African passport?
You must have heard the term "Permissionless" in Web3, but what does it actually mean?
It's simple, it means anyone can use a Web3 system without needing approval from a central authority.
Permissionless systems are open networks or environments that allow anyone to access, use, build on and participate in them without requiring permission from a gatekeeper.
Four key characteristics define what makes a system permissionless. Some of these concepts may already sound familiar:
🐝 Open Access: Anyone with an internet connection can join the network, read information, submit data, build applications and also carry out transactions.
🐝 No Gatekeepers: Users don't need approval from a central operator, bank, or corporation to participate.
🐝 Decentralization: Control and decision-making are distributed across a network of participants rather than concentrated in the hands of a single entity.
🐝 Transparency: Network rules and public transactions can be independently viewed, verified, and audited by anyone.
So, the next time you hear the word "Permissionless" in Web3, you'll know exactly what it means.
InsideTheHive 🐝 retweeted
🐝Buzz News Alert:
Prediction markets such as Kalshi and Polymarket could come under increased scrutiny in Washington, with Democrats pledging a regulatory crackdown following their midterm election sweep, according to Politico.
InsideTheHive 🐝 retweeted
🐝Buzz News Alert:
The upcoming NYSE-affiliated tokenized securities platform’s core clearing and settlement layer will be built on top of Avalanche technology.
This is a huge news for the entire @avax ecosystem and this is what real adoption looks like 🔺
InsideTheHive 🐝 retweeted
The New York Stock Exchange has selected Avalanche to provide the core ledger technology for its upcoming tokenized securities platform.
Read that again.
We’re talking about infrastructure supporting the recording and settlement of transactions in a market designed for 24/7 trading.
🐝Buzz News Alert:
The upcoming NYSE-affiliated tokenized securities platform’s core clearing and settlement layer will be built on top of Avalanche technology.
This is a huge news for the entire @avax ecosystem and this is what real adoption looks like 🔺
InsideTheHive 🐝 retweeted
Something worth thinking about:
If prediction markets are dangerous because people can profit from political outcomes, what makes traditional financial markets any less vulnerable to political insider information?
🐝Buzz News Alert:
Prediction markets such as Kalshi and Polymarket could come under increased scrutiny in Washington, with Democrats pledging a regulatory crackdown following their midterm election sweep, according to Politico.
InsideTheHive 🐝 retweeted
🚨 BUZZ NEWS ALERT 🐝
Nigeria’s CBN has introduced a new regulatory framework for virtual assets and stablecoins.
The new rules come with some serious requirements for crypto businesses operating in Nigeria.
Here’s what you need to know:
- ₦10 billion minimum capital for naira stablecoin issuers.
- ₦15 billion for foreign-currency stablecoin issuers.
- ₦1 billion for other non-security virtual asset service providers.
But there’s more.
- Algorithmic stablecoins that rely primarily on algorithms instead of full reserve backing are prohibited.
- Platforms facilitating P2P transactions now fall under regulatory oversight.
- Existing operators have 30 days to register, 60 days to begin supervisory reporting and 180 days to apply for the appropriate licences.
Existing operators can continue operating during the transition period, subject to CBN conditions and their existing scale of operations.
This could change how exchanges, stablecoin issuers and P2P platforms operate in Nigeria.
Nigeria’s crypto landscape is entering another phase of regulation, and businesses in the space need to pay attention.
🐝 Stay informed. Stay ahead.
🚨 BUZZ NEWS ALERT 🐝
Nigeria’s CBN has introduced a new regulatory framework for virtual assets and stablecoins.
The new rules come with some serious requirements for crypto businesses operating in Nigeria.
Here’s what you need to know:
- ₦10 billion minimum capital for naira stablecoin issuers.
- ₦15 billion for foreign-currency stablecoin issuers.
- ₦1 billion for other non-security virtual asset service providers.
But there’s more.
- Algorithmic stablecoins that rely primarily on algorithms instead of full reserve backing are prohibited.
- Platforms facilitating P2P transactions now fall under regulatory oversight.
- Existing operators have 30 days to register, 60 days to begin supervisory reporting and 180 days to apply for the appropriate licences.
Existing operators can continue operating during the transition period, subject to CBN conditions and their existing scale of operations.
This could change how exchanges, stablecoin issuers and P2P platforms operate in Nigeria.
Nigeria’s crypto landscape is entering another phase of regulation, and businesses in the space need to pay attention.
🐝 Stay informed. Stay ahead.
Buzz news alert 🐝: Crypto prices are falling hard.
Bitcoin is down about 5.85%, Ethereum about 7.45%, XRP nearly 5% and Solana around 6.2%.
More than $870 million in leveraged crypto positions have been liquidated in the past 4 hours.
What are you holding on to ?? 👀
InsideTheHive 🐝 retweeted
Blockfest brought together some of the most interesting voices in Nigeria’s crypto and Web3 space, and we took the opportunity to hear directly from them. 🐝
Beyond asking about their experience at Blockfest, we wanted to get to hear their thoughts on the state of crypto events in Nigeria.
Having experienced the scale, organisation, activities, and overall standard of Blockfest, what do they think the future of Web3 events in Nigeria should look like:
- What should the industry be doing differently,
- What does it take to create experiences that truly bring the community together?
We caught up with attendees and OGs to hear their honest perspectives. Here's what they had to say. 👇
Blockfest brought together some of the most interesting voices in Nigeria’s crypto and Web3 space, and we took the opportunity to hear directly from them. 🐝
Beyond asking about their experience at Blockfest, we wanted to get to hear their thoughts on the state of crypto events in Nigeria.
Having experienced the scale, organisation, activities, and overall standard of Blockfest, what do they think the future of Web3 events in Nigeria should look like:
- What should the industry be doing differently,
- What does it take to create experiences that truly bring the community together?
We caught up with attendees and OGs to hear their honest perspectives. Here's what they had to say. 👇
🐝BUZZ NEWS ALERT:
BINANCE REPORTS $6.3 BILLION SECURITY BREACH
Binance is investigating a major security incident after attackers reportedly exploited its internal infrastructure to execute unauthorized withdrawals.
According to Binance’s preliminary investigation, the attack may have originated from a compromised DevOps engineer’s laptop, which allowed access to a service container.
Here’s what we know so far:
- Estimated impact: $6.3 billion.
- Approximately $3 billion in affected assets frozen on-chain.
- No evidence of wallet private key leakage.
- Binance has paused withdrawals while security checks continue.
- Deposits are operating normally.
- Binance says it will cover all losses through its SAFU fund and company resources.
The exchange is working with law enforcement, blockchain intelligence firms and industry partners to trace and recover the affected assets.
The investigation is still ongoing, and Binance says a detailed technical report will follow.
This is a major security incident for the crypto industry.
🐝 Stay informed. Stay secure. Follow InsideTheHive for more updates.
InsideTheHive 🐝 retweeted
Blockfest, through our lens with Xeus.
We caught up with @SamuelXeus, Convener of Blockfest to discuss the vision behind the event, what it represents for the ecosystem, and what’s next.
Watch the clip and stay tuned for more conversations from Blockfest.
Blockfest, through our lens with Xeus.
We caught up with @SamuelXeus, Convener of Blockfest to discuss the vision behind the event, what it represents for the ecosystem, and what’s next.
Watch the clip and stay tuned for more conversations from Blockfest.
🐝 ALPHA ALERT
BONES NFT GIVEAWAY 💀
444 Bones | October 30
0.5 AVAX mint | 15:00 UTC
Limited spots up for grab.
How to enter:
- Follow @BonesHood & @InsideDHive
- Like & RT this post
- Tag 2 friends
⏳ Winners picked in 12 hours.
Good luck, Hive.
