Karikari Daniel
I am an avid crypto and blockchain content writer with over 3-years of experience. I am open to writing your PR, blog, news articles, and other crypto-related content anytime.
Articles by Karikari Daniel
2 years ago
1 min read
Kraken, a cryptocurrency exchange based in the United States, has joined the list of platforms that restrict services to Russian customers. The decision follows the latest sanctions imposed by the European Union (EU) on the world’s largest country for its invasion of Ukraine. Other trading platforms that have cut relations with Russian users include BlockchainCom, CryptoCom, and others. Russia’s military assault on Ukraine, which began in February, prompted the Western community to respond. Numerous countries put financial and economic sanctions on the aggressor in an attempt to get it to back down, but with little to no success. The bitcoin
2 years ago
1 min read
Tether, a stablecoin issuer, has announced that SmartPay would increase the Brazilian population’s access to the popular USDT stablecoin by making it available at over 24,000 ATMs across the South American country. “The obstacles and constraints imposed by inflation and a less-than-inclusive banking system have prevented many Brazilians from participating in the country’s developing economy,” said Paolo Ardoino, CTO of Tether in a statement. The executive said, “Adding tether tokens to ATMs across Brazil provides the opportunity to include more people in the financial system. This will bring major changes not only to the payments industry but to the entire
2 years ago
1 min read
In a tiny triumph for Ripple Labs, the Securities and Exchange Commission, or SEC, has agreed to turn over internal correspondence. Ripple Labs, the custodians of the XRP token, has scored a little victory in its long-running lawsuit with the SEC, acquiring vital documents that may aid in the regulator’s investigation. Ripple has obtained what has become known as the Hinman documents — internal SEC drafts and emails relating to a former director’s speech more than four years ago — after 18 months and six court orders. The speech, given by William Hinman, Director of the SEC’s Division of Corporation
2 years ago
1 min read
The CEO of the FTX crypto firm, Sam Bankman-Fried, has issued a document containing a draft of a set of standards that might be implemented in the crypto industry. The “Possible Digital Asset Industry Standards” document aims to provide clarity and protect clients while complete federal regulatory regimes are developed. Bankman-Fried moved to Twitter to let his followers know that he had sent the document as promised. The document provides an outline of sanctions compliance on blockchain platforms; what must be done if a hack occurs; who must be held accountable; and, most significantly, how to avoid scams and protect
2 years ago
2 mins read
Contributors to the Terra Classic network have cut the so-called “burn tax” charged on all Terra Classic token (LUNC) transactions. The developers have reduced the tax rate from 1.2% to 0.2% since the earlier rate was thought to cause a decline in network activity. The new rates went into effect today at 8:50 a.m. ET, after the community’s approval of governance “Proposal 5234,” which reduced the number of tokens burned with each transaction. Following the depeg of the UST stablecoin in May 2022, Terra’s developer, Do Kwon, abandoned the original Terra network and downgraded the project to “classic” status in
2 years ago
1 min read
Investment companies aren’t deterred by the drop, despite the crypto market going through one of the coldest downtrends. Investment firms have introduced an increasing number of exchange-traded funds over the past 11 months in the expectation that cryptocurrencies will finally succeed. Since the beginning of the bitcoin bear market, approximately 180 active crypto exchange-traded products (ETPs) and trust products have been released internationally, according to Morgan Stanley. In fact, the speedy introduction of these ETPs was not even hampered by a 70% reduction in the market’s total asset value, which fell to $24 billion. Morgan Stanley further stated that at
2 years ago
1 min read
Shiba Inu (SHIB) price is confirming a significant bullish trend, which would probably cause it to rise 16.25% from the breakout point to $0.00001208. The second-largest meme coin recovered after hitting support at $0.000000960, as was previously mentioned. Over the previous 24 hours, Shiba Inu’s trading volume surpassed $135 million and soared above the $100 million barrier. Only a few days have passed since the tech behemoth Google announced support for SHIB payments as a result of a strategic alliance with Coinbase. CoinMarketCap’s real-time pricing information shows that SHIB‘s trading volume has increased by 19.72%. Decentralized exchanges (DEXs) only bring
2 years ago
1 min read
Texas is looking into the sale of unregistered securities by Sam Bankman-Fried, FTX, and FTX.US. in connection with the ongoing Voyager bankruptcy proceedings, in which FTX has made a bid for the lending platform, the probe was made public in a fresh file. According to Texas State Securities Board Director of Enforcement Division Joseph Rotunda, downloading the FTX program was simple, and after accurately entering his KYC information, he was able to start collecting yield on his ether investment. Joseph further stressed that FTX US is not authorized to transact in securities or as a money transmitter in Texas. The
2 years ago
1 min read
According to Bloomberg, South Korea intends to roll out blockchain-based digital IDs for its population by 2024. Smartphones will be equipped with these digital IDs, which will function just like traditional resident registration cards. The need for digital IDs is not a new one; its significance became clear as soon as the world adopted a digital economy and an increasing number of individuals started using cashless payment methods. The South Korean government is planning to implement a decentralized identity system because of concern about being perceived as a “Big Brother.” The government would not have direct access to any of
2 years ago
1 min read
According to a report from CNBC on October 17, Mastercard revealed a pilot program to provide Bitcoin and cryptocurrency trading for traditional banking accounts. Jorn Lambert, the chief digital officer of the payment giant, claims that bank users have a considerable interest in trading and owning cryptocurrencies. Customers would rather transact with virtual currency through their banks because they are wary of the rising crypto business. Furthermore, Lambert added that many consumers are quite interested in this and captivated by cryptocurrencies, but they would feel much more secure if those services were provided by their financial institutions. In addition, he
2 years ago
1 min read
Wintermute still owes Maple Finance and Clearpool loans totaling $97.4 million after paying back TrueFi’s $92 million loan. Concerns about the repayment of debt totaling $189.4 million arose after Wintermute, a bitcoin market maker, lost $160 million as a result of a cyberattack. But in a surprising turn of events, Wintermute wiped down its largest debt, a $92 million Tether loan from TrueFi that was due on October 15. After paying back TrueFi’s $92 million loan, Wintermute still owes $22.4 million to Clearpool, $75 million in wrapped ether (WETH), and USD Coin to Maple Finance, for a total debt of
2 years ago
1 min read
Despite the generally booming market conditions and declining user interest in digital collectibles, Welsh actor, director, and producer Anthony Hopkins has had his first NFT collection sell out in less than 10 minutes. “The Eternal Collection,” a project featuring 1,000 original works of cinematic art inspired by various performances of the actor throughout his film career, was released in partnership with NFT design studio Orange Comet. According to the collection’s description on OpenSea, the body of work “conceptualizes an interpretation of the various character archetypes Sir Anthony Hopkins has represented over the course of his distinguished film career, taking its
