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
1 year ago
1 min read
The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade, thanks to the successful replication of withdrawals of staked ether (ETH) on the Sepolia test network. The upgrade will mark Ethereum’s complete transition to a fully functional proof-of-stake network, which will enable validators to withdraw rewards earned from adding or approving blocks to the blockchain. The test on Sepolia was designed to provide developers with another dress rehearsal of the withdrawals that will happen on the main Ethereum blockchain. Testnets copy a main blockchain and allow developers to test any changes to their applications in a low-stakes environment.
1 year ago
1 min read
Solana, the high-performance blockchain network, is back online after two attempts to restart the network. The issue occurred on February 25, 2023, causing transaction processing on the network to stop. However, after diligent work from the Solana engineers, the issue has been resolved, and the network is now fully operational. According to Solana Status, a monitoring site for the network, the fix occurred at 01:28 UTC. The engineers continued to monitor the network’s performance and reported that the issue was resolved at 02:09 UTC. This isn’t the first time Solana has experienced downtime. The network has faced several challenges in
1 year ago
1 min read
Circle, the issuer of the USDC stablecoin, has announced plans to increase its workforce by up to 25% in the coming year, according to a recent report by the Wall Street Journal (WSJ). The decision comes despite Circle canceling its deal to go public due to missed deadlines to submit required files to the Securities and Exchange Commission. Although the merger deal fell through, Circle had reportedly raised around $400 million in fundraising efforts, which increased the company’s financial position, despite the liquidity crunch in the industry. Circle’s finance chief, Jeremy Fox-Geen, confirmed to WSJ that the company plans to
1 year ago
1 min read
Music streaming platform Spotify is piloting a new service called “token-enabled playlists,” which will allow non-fungible token (NFT) holders to connect their wallets and listen to curated music. Currently, the service is only available to token holders within the Fluf, Moonbirds, Kingship, and Overlord communities, with the curated playlists actively updated during the three-month testing period. The playlists can only be accessed by community members via a unique link. The pilot is currently limited to Android users in the U.S., U.K., Germany, Australia, and New Zealand. Spotify appears to have confirmed the details in a tweet reply. Universal Music Group’s
1 year ago
1 min read
Cardano (ADA) founder Charles Hoskinson has recently come under fire for suggesting contingent staking as a solution to help the cryptocurrency industry meet regulatory requirements. Some critics have also referred to the Cardano community as a cult, which Hoskinson has vehemently denied. In a tweet posted on February 21, Hoskinson addressed the attacks on his views and the Cardano community as a whole. He emphasized that contingent staking was only an “optional hypothetical feature that isn’t even at the Cardano Improvement Proposal (CIP) stage.” Hoskinson also responded to a comment by pseudonymous retail investor Barren Wuffett, who called him a
1 year ago
1 min read
The regulatory crackdown in the United States may have given institutional investors the chills, as digital asset investment products experienced the biggest weekly outflow of 2023. The largest outflow of the year, $32 million, was recorded in the last week for digital asset investment products, according to a report by institutional crypto fund manager CoinShares on February 20. The move comes as the Securities and Exchange Commission intensifies what market analysts have dubbed its “war on crypto,” which has targeted everything from staking services to stablecoins to crypto custody. Midway through last week, outflows totaled $62 million; however, they began
1 year ago
1 min read
Former FTX executive Nishad Singh is reportedly negotiating a guilty plea deal with Manhattan prosecutors over his involvement in fraud charges related to the cryptocurrency exchange’s collapse last November. Bloomberg reported on Friday that Singh may plead guilty to the charges, putting additional pressure on FTX’s former CEO and founder Sam Bankman-Fried, who pleaded not guilty to an eight-charge indictment related to the bankrupt exchange. The U.S. Securities and Exchange Commission and Commodities and Futures Trading Commission are reportedly considering pressing additional charges against Singh for involvement with FTX. Singh was the former head of engineering at FTX and had
1 year ago
1 min read
Binance, the world’s largest cryptocurrency exchange, has reportedly accessed a bank account belonging to its U.S. partner without authorization. According to Reuters, the unauthorized access enabled Binance to transfer large sums of money from the U.S. partner’s account to a trading company controlled by its CEO, Changpeng Zhao, also known as CZ. Banking records and internal messages obtained by Reuters show that more than $400 million was transferred from an account belonging to Binance.US held at Silvergate Bank in California to Merit Peak Ltd., a trading firm controlled by CZ, in the first quarter of 2021. The account was registered
1 year ago
1 min read
Bitcoin Magazine Ukraine has announced the release of its first printed publication, “Bitcoin. Freedom. Ukraine.” This marks a significant milestone for the publication as it expands from its online platform to the print media landscape. The magazine’s first issue is dedicated to Bitcoin and its decentralized technology, providing readers with a comprehensive dive into the Bitcoin rabbit hole. The issue will also feature a first-of-its-kind rating of bitcoin owners in Ukraine, including both well-known personalities and completely non-public Ukrainians. According to Victoria Zaichenko, publisher of Bitcoin Magazine Ukraine, “This issue is the first call, a challenge, a provocation, and an
1 year ago
1 min read
The Financial Conduct Authority (FCA) is taking a hard line on unregistered cryptocurrency automated teller machines (ATMs) in the United Kingdom. The FCA and the cyber team at West Yorkshire Police have targeted several sites in and around Leeds city, which are suspected of illegally hosting crypto ATMs. The FCA emphasizes that none of the crypto ATM operators in the United Kingdom have registered with the FCA, and all crypto exchange providers, including crypto ATM operators, must comply with U.K. money laundering regulations. Crypto products are “currently unregulated and high-risk,” warns FCA’s executive director of enforcement Mark Steward, adding that
1 year ago
1 min read
GMX, a decentralized finance (DeFi) exchange, generated over $5 million in fees in a 24-hour period over the weekend, temporarily overtaking the Ethereum blockchain as the largest revenue generator in DeFi. The exchange has accrued over $120 million in total fees since September 2021. The fees are shared between GMX’s two tokens, gmx and glp, with gmx accruing 30% and glp accruing 70% of the generated fees. Some attributed a portion of Friday’s revenue to Andrew Kang closing his multimillion-dollar positions on bitcoin and ether on GMX. Despite the brief surge, Ethereum was back to the top spot on Monday
1 year ago
1 min read
A new crypto exchange project by 3AC and CoinFLEX is making waves in the crypto industry with the launch of its official website and waitlist on February 9. The exchange, named “Open Exchange (OPNX),” promises to be the world’s first public marketplace for crypto claims trading and derivatives. The project was born from the aftermath of the collapse of the crypto market and the bankruptcy of 3AC in July. The founders of 3AC, Zhu Su, expressed that the new exchange aims to recover from past mistakes and advance the crypto industry through its innovative features. OPNX will provide real-time public
