Ujunwa Juliet Ihiasota
I am a dedicated crypto and blockchain content writer who is vision-oriented, diligent, smart, and self-motivated. I have over a decade of self-writing experience and five years of experience as a professional writer. I hope to inspire other women into this ever-evolving field.
Articles by Ujunwa Juliet Ihiasota
3 days ago
3 mins read
The controversial donation of $3 million in Binance Coin (BNB) by Binance Charity to victims of the recent earthquake in Morocco has sparked a debate about the role of cryptocurrencies in humanitarian aid. As reported by the Financial Times, some critics have labeled it a PR stunt, arguing that victims of such disasters need immediate essentials like food and water, not crypto. However, CZ Binance, CEO of Binance, has taken to Twitter to explain Binance Charity’s approach. CZ outlined some criticisms against Binance’s donation and responded to each. “People need food and water, not crypto. We agree with that,” CZ
1 week ago
1 min read
Bitcoin (BTC) has returned to its familiar sideways trading pattern after briefly dipping into the lower $25,000 range. However, chart patterns are now hinting at the possibility of the flagship cryptocurrency breaking out of its dominance downtrend, potentially setting the stage for a rally in the decentralized finance (DeFi) sector. Bitcoin dominance plays a pivotal role in the cryptocurrency market’s dynamics. Recently, Bitcoin dominance broke its local downtrend while maintaining its higher timeframe uptrend. This development carries a bullish connotation, as history has shown that such a scenario often precedes an upward impulse for Bitcoin. A notable observation by pseudonymous
2 weeks ago
1 min read
An individual appears to have suffered a substantial loss of $24 million in cryptocurrencies, and evidence suggests that a phishing attack was the likely cause of this devastating financial blow. The stolen assets, in this case, consist of liquid staking derivatives, specifically 4,851 Rocket Pool ETH (rETH) valued at around $8.5 million, and 9,579 Lido Staked ETH, worth around $15.6 million. This incident now stands as one of the largest individual cryptocurrency phishing attacks on record. Multiple cybersecurity firms have weighed in on the incident, pointing to a phishing tactic as the likely modus operandi. According to these experts, the
3 weeks ago
1 min read
Cryptocurrency asset manager Grayscale has achieved a significant legal victory against the U.S. Securities and Exchange Commission (SEC), impacting both Bitcoin (BTC) and the broader market. The recent ruling by the U.S. District of Columbia Court of Appeals in favor of Grayscale has the potential to propel the company closer to securing Bitcoin Spot exchange-traded fund (ETF) status. Grayscale’s legal win against the SEC’s lawsuit is a pivotal moment in the journey toward establishing a Bitcoin spot ETF. Although this victory doesn’t instantly convert the Grayscale Bitcoin Trust (GBTC) into an ETF, it represents a crucial step towards that ultimate
4 weeks ago
1 min read
Input Output (IOHK) CEO Charles Hoskinson is confident that Cardano (ADA) holds the potential to become the foremost cryptocurrency of the future. Speaking at the Rare Evo 2023 event in Denver, Hoskinson shared his conviction that Cardano, currently the eighth-largest digital asset by market cap, will surpass even giants like Bitcoin (BTC) and Ethereum (ETH). He cites the platform’s heightened scalability and interoperability as key factors driving this prediction. In his keynote address, Hoskinson addressed the fear often associated with decentralized governance, emphasizing that it empowers individuals rather than detracts from their potential. He expressed optimism that, when given the
4 weeks ago
1 min read
In a week marked by turbulence for crypto enthusiasts, the price of Bitcoin (BTC) has undergone significant fluctuations, briefly dropping to a low of $25,400. This rapid decline can be attributed to a combination of factors. Reduced market activity, compounded by the ongoing upheaval in China’s real estate sector, has contributed to the downward trend. Additionally, reports indicating that Elon Musk’s SpaceX has divested a portion of its Bitcoin holdings have added to the cryptocurrency’s challenges. Despite these challenges, optimism has returned to the crypto market in the past 24 hours as high-net-worth investors have begun accumulating Bitcoin once again.
4 weeks ago
1 min read
Bankrupt cryptocurrency lender BlockFi is pushing back against efforts by FTX and Three Arrows Capital (3AC) to claim billions of dollars that changed hands between the companies before their respective collapses last year. In a recent court filing on Monday, BlockFi contested FTX and Three Arrows Capital’s $5 billion claim, alleging that the two entities have unfairly victimized it. BlockFi argued in the filing that the legal doctrine of “unclean hands” should be invoked to prevent future inequities toward BlockFi’s creditors. The ongoing conflict could significantly influence the repayment amounts distributed to individual creditors in the bankruptcy cases of BlockFi,
1 month ago
1 min read
A concerning development has shaken the Terra community, as the official website of the platform has fallen victim to a phishing attack. This unauthorized intrusion poses a potential threat to users’ digital assets, urging caution and heightened vigilance within the Terra ecosystem. The official Terra website has been infiltrated and replaced with a malicious phishing site, prompting immediate warnings to the user base. In a stark cautionary measure, Terra users are advised to refrain from interacting with the compromised Terra(dot)money domain, as it has transformed into a treacherous trap. To combat the unfolding situation, the official Terra Twitter account has
1 month ago
1 min read
The Virtual Asset Regulatory Authority (VARA) of Dubai has imposed a hefty fine of $2.7 million on the cryptocurrency project OPNX, helmed by the creators of the now-defunct digital asset hedge fund Three Arrows Capital (3AC). This stern action follows a previous reprimand issued by VARA in May. While the project’s founders and CEO have settled their fines, VARA has expressed concern over OPNX’s non-payment and is contemplating additional measures against the platform. In a recent enforcement notice dated August 16, 2023, VARA disclosed that OPNX has yet to fulfill a fine of 10 million AED ($2.72 million) levied against
1 month ago
2 mins read
Cryptocurrency investment products centered around the native token of the XRP Ledger, XRP, have witnessed an impressive surge in assets under management (AUM) by 127% in the current year. A recent milestone marked their sixteenth consecutive week of inflows, with a substantial $500,000 invested in these products. The dynamics behind this growth, including regulatory advancements and evolving market trends, are positioning XRP investment offerings in a promising light. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, the substantial rise in AUM accounts for 12% of the total assets managed by these cryptocurrency investment products. The growing
1 month ago
1 min read
Ethereum, the second-largest cryptocurrency in terms of market capitalization, has recently exhibited a state of relative neutrality in its price movement. With its current price resting at $1,850, the cryptocurrency has yet to surpass the coveted $2,000 mark, a threshold it reached a mere two weeks ago. Following a partial legal victory for Ripple in its ongoing lawsuit with the SEC, Ethereum’s price momentum experienced a brief and cautious upswing. However, this surge proved short-lived, and Ethereum remains in a state of relative equilibrium. Over the past month, the cryptocurrency has experienced a decline of 1.83%, hinting at a subdued
1 month ago
2 mins read
Binance, the leading global cryptocurrency exchange, has secured two crucial licenses in El Salvador, marking its status as the first fully licensed crypto exchange in the country. The announcement comes as El Salvador continues to make waves in the cryptocurrency world by recognizing Bitcoin as a legal tender, a historic step that sets a global precedent. Binance has solidified its position as a trailblazer in the crypto industry by obtaining not just one, but two pivotal licenses in El Salvador. The Bitcoin Services Provider license (BSP) and the Digital Assets Services Provider license (DASP) were granted by the Central Reserve
