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
Chengpang Zhao (CZ), the CEO of Binance, the largest crypto exchange in the world, stole the show on November 24, 2022. Basically, since CZ made a bid to acquire Voyager, the bankrupt U.S.-based company that specializes in lending and financing for cryptocurrencies, he has been inundated with inquiries. Following up, FTX and Binance each made a bid to buy Voyager’s assets. In these terms, the FTX platform outperformed Binance U.S. and managed to secure the bid. All of this happened before the tragic event of the FTX platform’s failure and collapse. As a result, now that FTX is entirely out
1 year ago
1 min read
The cryptocurrency exchange in India, CoinDCX, published its proof of reserves on November 24, with Shiba Inu as its third-largest holding. With a comprehensive list of wallet addresses, the public can now access CoinDCX’s on-chain and off-chain assets, according to a company publication on portfolio.nansen.ai/dashboard/APE-P42HYH. CoinDCX holds Ethereum (ETH) as its largest holding followed by Bitcoin (BTC) as its second largest holding. Surprisingly, Shiba Inu, the second popular memecoin comes third on the list of the crypto exchange. On top of that, the Indian crypto exchange intends to publish monthly updates on the ratio of its reserves to liabilities. Sumit
1 year ago
1 min read
A cryptocurrency wallet connected to the infamous Mt. Gox hack started moving money, reawakening seven-year-old Bitcoin. On November 23, a Bitcoin wallet linked to the BTC exchange was activated. The 2014 Mt. Gox hack-related wallet recently completed its biggest transaction since August 2017. A total of 10,000 bitcoins, worth about $167 million, were transferred to two unknown recipients. 3,500 BTC were divided between the transactions and transferred to various wallets. A single address received the remaining 6,500 BTC. Ki Young Ju, the creator of CryptoQuant, observed the bitcoin transfers. He noted that it wasn’t a government auction or something similar,
1 year ago
1 min read
Bo Shen, a crypto venture capitalist, said his Ethereum wallet was emptied for $42 million. Bo Shen, a founding partner at Fenbushi Capital, stated that his private crypto wallet was hacked on November 10, resulting in a $42 million loss of various crypto assets. The stablecoin USDC was used to purchase the majority of the tokens, totaling $38 million. According to on-chain data from the wallet, the remaining stolen assets included tether (USDT), uniswap (UNI), reputation (REP), and liquity (LQTY) tokens. Shen stated that he reported the exploit to the appropriate law enforcement agencies. He clarified that the stolen assets
1 year ago
3 mins read
My name is Adenle Mayowa, I am a cryptocurrency and business risk analyst for a startup project. I am also a blockchain enthusiast. When did you start your journey into cryptocurrency? I began in 2017 as a trader. I was able to use my skills in technical and fundamental analysis to trade crypto thanks to my experience in FOREX trading. I gradually started reading more about blockchain technology and its applications. Over the years, I have worked with some blockchain-related companies, including Lbank Exchange Labs (VC arm). What are your major challenges as a Nigerian Crypto Expert in UAE? Since
1 year ago
1 min read
A family of fintech entrepreneurs is suing Nexo in London, alleging that the cryptocurrency lender limited their access to up to £107 million ($126 million) in assets and then threatened them into selling it all to Nexo at a 60% discount. According to City AM, the brothers Jason and Owen, as well as their cousin Shane Morton, possessed millions of Nexo’s NEXO tokens and tens of millions of dollars in cryptocurrency. They claim that they first expressed their concerns about Nexo’s transparency and compliance in December 2020. After not receiving a response from Nexo, they began selling their NEXO token
1 year ago
1 min read
FTX requested assistance from other cryptocurrency exchanges, explaining that stolen funds were being transferred from the compromised exchange to third-party wallets. The bankrupt company, now led by John J. Ray III, CEO of FTX, has asked its competitors to “take all measures” to recover the funds and return them to the bankruptcy estate. They didn’t call it theft outright. FTX did state that the funds were transferred “without authorization” from FTX Global. Furthermore, neither the exchanges nor the wallet addresses associated with the transfers were disclosed by the corporation. The aforementioned funds were stolen from FTX a day after the
1 year ago
1 min read
After the hack, the FTX wallet drainer was the 27th largest ETH holder, but he dropped 10 positions after the weekend ETH dump. Just hours after the crypto exchange filed for Chapter 11 bankruptcy on November 11, the FTX hacker drained nearly $447 million from multiple FTX global and FTX.US exchange wallets. In addition, the exploiter was the 27th largest ETH whale, with the majority of the stolen funds in ETH. The FTX wallet drainer 1 transferred 50,000 ETH to a new address, 0x866E, on November 20. The new wallet address then exchanged the ETH for renBTC (ERC-20 version of
1 year ago
1 min read
The collapse of FTX, according to Ethereum co-founder Vitalik Buterin, has demonstrated once again that the problem is people, not technology. In the aftermath of the FTX collapse, Ethereum co-founder Vitalik Buterin has spoken out, offering his thoughts and some positives from one of cryptocurrency’s biggest black swan events. Buterin stated in a Bloomberg interview on November 20 that the collapse of FTX has lessons for the entire crypto ecosystem. He acknowledged that the underlying stability of distributed ledger technology and the technology that powers the crypto asset economy is not in doubt. Buterin called the FTX collapse a “huge
1 year ago
1 min read
Investors are concerned because Genesis Global, GBTC’s liquidity provider, claimed on November 16 that it had blocked withdrawals due to “extraordinary market turbulence,” which resulted in massive withdrawals from its platform that exceeded its current liquidity. Genesis is a subsidiary of Digital Currency Group (DCG), a crypto-focused venture financing firm that also owns Grayscale. GBTC is trading at a nearly 43% discount to its net asset value, owing in part to market uncertainty over GBTC’s exposure to Genesis. However, the move spurred conjecture that the cryptic tweets were designed to divert bots’ attention away from concurrently removed tweets. While there
1 year ago
1 min read
The United States House Financial Services Committee is reportedly planning an official hearing on the recent collapse of the cryptocurrency exchange platform FTX. According to a new Wall Street Journal report, the committee’s leaders, Democratic Representative Maxine Waters of California and Republican Representative Patrick McHenry of North Carolina, plan to hold a hearing in December to investigate FTX’s demise. Members of the committee expect to hear testimony from FTX competitor Binance, FTX founder and former CEO Sam Bankman-Fried, and Alameda Research, FTX’s trading branch, about what happened to the crypto exchange. According to the Wall Street Journal, committee chairperson Waters
1 year ago
1 min read
Investors in the defunct crypto exchange FTX have brought a class action lawsuit against the platform’s founder and former CEO SBF, as well as a number of famous people who promoted it. FTX yield-bearing digital currency accounts were sold by Sam Bankman-Fried, NFL quarterback Tom Brady, and comedian Larry David, according to a class action lawsuit filed on Tuesday night in Miami. It also names Sam Bankman-Fried as a defendant. According to the lawsuit, the defendants made “misrepresentations and omissions” intended to “induce confidence and to drive consumers to invest in what was ultimately a Ponzi scheme.” The suit also
