👑 Reliance Accepts Blockchain, India Takeover!

GM. This is CoinBasics, where we simply & sweetly Unravel the Cryptosphere. Here’s what we are Unleashing Today:

• 👑 Reliance In Blockchain, India takeover.

• 🚀African Giant Accepts Crypto Over 1628 Stores.

• 🐶 BonkDao $88M Defi hack.

• 🦄 Binance New Decentralised Storage System.

Let's dive right in, shall we? Firstly, we've got some exciting news coming out of India!

👑India’s Retail Giant Reliance to Accept CBDC at Stores.

Reliance Retail, the country's largest retail chain, has taken the leap into the world of digital currencies by accepting payments in the digital rupee.

That's right, you can now pay for your groceries with the e₹-R.

Reliance Retail is making it easier than ever to embrace the world of digital currencies. And to sweeten the deal, they've started with their gourmet store line Freshpik, so you can now pay for your fancy cheeses and artisan breads with just a scan of a QR code.

Who knew the future would be so delicious?

🚀African Retail Giant Accepts $BTC Across 1,628 Stores.

In other news, South Africa's Pick n Pay has joined the crypto revolution and is now accepting Bitcoin payments through the Lightning Network in all 1,628 stores nationwide.

That's right, now you can buy your weekly groceries with cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand's conversion rate at the time of payment.

Again, Talk about making life easier! On a less cheerful note, we've got news of a recent exploit in the world of DeFi.

🐶 BonqDao’s $88M DeFi Hack.

BonqDAO's smart contracts have been hacked for around $88 million and 114 million wallets. AllianceBlock's wrapped native token, were stolen.

The hacker has already converted about $1.2 million worth of stolen tokens into ETH and stablecoins. It's a reminder to always keep an eye out and prioritize security in the world of crypto. Just another story Like 2022.

Looking back on the year 2022, we saw some major developments in the world of crypto. Ethereum transitioned to Proof-of-Stake and new players like Aptos and Sui made their debut.

Meanwhile, L2s saw strong inflows, with TVL up 119% (denominated in ETH) across the year.

The DeFi sector took a hit with users opting for a "flight to quality," but NFT sales hit a record-breaking US$21.9B in 2022, up 10.6% YoY.

The NFT market slowed down in H2 2022, but blockchain gaming projects continued to rise.

It was also a year of record-breaking VC investment and fundraising activities, but deal flow decreased in H2 2022.

All in all, 2022 was a rollercoaster ride for the crypto industry, but here's to even more exciting times ahead : we've got some exciting news coming from Binance!

🦄 GREENFIELD ON BNB.

They've announced a new decentralized storage system based on the BNB Chain called BNB Greenfield.

This three-piece Web3-enabled data storage protocol is set to revolutionize the way we store data and puts users at the center.

Binance is working with Amazon Web Services (AWS), NodeReal, and Blockdaemon in building the system, so you know it's going to be good.

Speaking of Good, please reply or Comment with any feedback that you’ve on how we can improve?

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research