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
1 year ago
1 min read
A former chief lawyer for FTX, a cryptocurrency exchange, has accused the company’s U.S. general counsel of channeling business to Sullivan & Cromwell (S&C), the law firm currently serving as FTX’s bankruptcy counsel. Daniel Friedberg, who was the chief regulatory officer of FTX until he resigned on November 8, made the allegations in a court filing on January 19. Friedberg claims that Ryne Miller, the lead counsel for FTX US and a former partner at S&C, channeled business towards his former law firm across multiple cases. Friedberg also accuses Miller of earmarking $200 million of LedgerX funds for S&C to
1 year ago
1 min read
The XCM protocol also boasts improved performance of up to 10 times faster than its predecessor. This will allow users to execute transactions more quickly and securely. Additionally, the protocol allows for more complex logic to be applied to transactions, such as the ability to lock tokens to an address or only allow certain types of transactions. The introduction of XCM version 3 is the latest step in Polkadot’s push to create a decentralized platform that can support multiple blockchains and provide interoperability between them. The XCM protocol is a crucial part of this mission, as it allows for communication
1 year ago
1 min read
Web3 gaming platform Intella X has raised $12 million in funding ahead of its launch on the Polygon blockchain. The platform, developed by South Korean gaming firm Neowiz in partnership with Polygon, aims to remove high entry barriers and improve user experience in web3 gaming through features such as streamlined wallet creation and meta transactions. A number of prominent investors participated in the funding round, including Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Crit Ventures, JoyCity, Pearl Abyss, XL Games, Wemix, and Global Coin Research. Intella X plans to reward contributors to its ecosystem, including game developers and users,
1 year ago
1 min read
A document from the Central Bank of Uruguay is causing excitement in the XRP community. The document, which mentions Ripple seven times, is dated March 7, 2022, but was reportedly only recently published on the Central Bank of Uruguay’s website. The exact role of Ripple in the document is not yet clear, but it reveals that the Central Bank registered Ripple partner, LATAM SOFTWARE S.A.S., as a “money transfer company” and granted it the right to outsource services specifically to Ripple. According to the document, LATAM SOFTWARE S.A.S. provided all the necessary information and documentation for the registration, including contracts
1 year ago
1 min read
Solana (SOL) has seen a remarkable rebound in 2023. After experiencing a collapse of more than 80% over the course of last year, the price of SOL has more than doubled this month. According to CoinGecko, the price of SOL rose more than 58% to $23.70 in the last seven days. Not only has the price of SOL risen, but the trading volume for Solana has also seen a significant increase. The cryptocurrency saw its highest trading volume since the week of the spectacular collapse of crypto exchange FTX, which caused Solana’s value to plummet along with most of the
1 year ago
1 min read
Blockchain.com, a cryptocurrency brokerage platform, has announced that it will be laying off 28% of its staff, or around 110 people. This comes after the company already laid off 150 employees in July due to a $270 million loss on loans to failing hedge fund Three Arrows Capital. In a statement, a representative from Blockchain.com said, “The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year. To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company.” This news adds to
1 year ago
1 min read
BlockFi, a crypto lending platform, has seen some of its executive team members lose their equity stakes as part of its emergency restructuring plan last year. The plan included borrowing $400 million from collapsed crypto exchange FTX. As a result, senior management lost around $800 million in equity. BlockFi CEO and founder, Zac Prince, was the most affected, with a loss of $412 million. However, despite the losses, the firm approved a “retention program” by increasing salaries by up to 50% for top staff. The company stated that this was done “in the interest of retaining business critical knowledge and
1 year ago
1 min read
Alkimiya, a blockchain protocol that aims to provide hedging solutions for blockspace producers like miners and staking validators, has raised $7.2 million in a funding round led by 1kx and Castle Island Ventures. The round, which closed in November, also featured participation from Dragonfly, Circle Ventures, and Coinbase Ventures among others. The funding will be used to expand Alkimiya’s team as it gears up to launch a full product suite, including a Vault product and ETH staking contracts on the Ethereum mainnet in the first quarter of this year. The company’s mission is to provide hedging solutions for blockspace producers,
1 year ago
1 min read
Dutch cryptocurrency exchange Bitvavo has rejected a proposal from crypto company Digital Currency Group (DCG) to repay 70% of the debt it owes to the exchange. Bitvavo announced on January 11th that it had received a counter proposal from DCG offering to repay about 70% of the outstanding amount in a term acceptable to Bitvavo. The remaining balance amount is still under negotiation with DCG. Bitvavo said that as creditors they do not find the proposal acceptable, as they believe DCG has sufficient resources available for full repayment. Bitvavo had earlier decided to pre-fund about $290 million in assets locked
1 year ago
1 min read
Binance.US moved closer to a full acquisition of Voyager Digital, a crypto company that recently went bankrupt, in a preliminary court clearance worth $1 billion. On Tuesday, U.S. District Judge Michael Wiles of the bankruptcy court for the Southern District of New York gave his approval to the deal’s necessary documents, but requested some amendments before he certifies them. The agreement between Binance.US and Voyager includes a $20 million cash settlement and a commitment to migrate Voyager’s clients to Binance.US’s crypto exchange. This deal is a major benefit to both parties, as Binance would gain more customers and market share,
1 year ago
1 min read
On January 10, CoinGate, a prominent European crypto payment gateway, announced an integration with Wix.com (NASDAQ: WIX), a platform that allows web developers and business owners to create their own websites. With this integration, customers in Germany, Lithuania, Spain, and the Netherlands can now pay for goods and services using Bitcoin (including Lightning Network payments) and over 70 other cryptocurrencies. The CoinGate e-commerce payment gateway allows merchants to accept crypto payments and receive the funds in a single fiat currency, such as EUR, USD, or GBP. This partnership with Wix is a major step forward in the crypto space, as
1 year ago
1 min read
Nepal’s Telecommunications Authority (NTA) has ordered Internet Service Providers (ISPs) to block all websites related to cryptocurrency trading, warning of legal action against non-compliant ISPs. This follows a notice in September 2021 from Nepal Rastra Bank, the country’s central bank, declaring crypto trading and mining illegal and stating that encouraging others to use crypto is also a punishable activity. The NTA had issued a similar caution notice in April, asking the public to notify the regulator of any crypto-related activities, but did not call for a block on access to crypto services at that time. Despite the ban on crypto
