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
On December 25th, the bitcoin hashrate experienced a nearly 39% drop, reaching a low of 168.85 EH/s, according to CoinWarz data. The cause of this decline was reported to be extreme weather conditions in Texas, which led BTC miners in the state to halt their operations and redirect electricity to residents for home heating. Some have raised concerns about the level of control that the Texas region has over bitcoin mining and the impact this can have on decentralization. However, others have pointed out that the global bitcoin network remained stable despite the drop in hashrate and that the situation
1 year ago
1 min read
FTX, a failed cryptocurrency exchange, has asked a bankruptcy court to keep $450 million worth of Robinhood shares frozen as three parties fight for control of the assets. FTX lawyers claim that the shares, which are currently frozen in a brokerage account in New York City, are owned by Emergent Fidelity Technologies, the holding company of former FTX chief Sam Bankman-Fried in Antigua and Barbuda. Bankrupt crypto lender BlockFi, FTX creditor Yonathan Ben Shimon, and SBF have all filed court actions to gain control of the shares. Bankman-Fried made his first appearance in court on Thursday and was released on
1 year ago
1 min read
The Argentine Football Association (AFA) has signed a licensing agreement with metaverse platform Upland following Argentina’s World Cup victory in Qatar. The deal will allow the AFA to bring its professional football league, the Liga Profesional de Fútbol (LPF), onto Upland’s metaverse platform, providing a new way for Argentinian football fans, teams, and players to engage with each other. The partnership includes the sale of various non-fungible tokens, such as digital collectibles featuring teams, clubs, players, tickets, and highlights from games, which will generate a new source of income for the LPF. Upland users will also be able to start
1 year ago
1 min read
Serenity Shield, a decentralized application platform that provides solutions for secure data storage and crypto inheritance, has announced an extended partnership with technology group Archethic. As part of the partnership, Serenity Shield will integrate its product, the StrongBox®, into Archethic’s public blockchain and use its interoperable Decentralized Identity (DID) management solution to provide additional security to users. The inclusion of Archethic’s blockchain will offer significant value to Serenity Shield’s existing solution due to its speed, scalability, strong security, environmental sustainability, and emphasis on decentralization. This collaboration will also strengthen Serenity Shield’s cross-chain and interoperability capabilities. Additionally, incorporating Archethic’s DID technology
1 year ago
1 min read
The Sandbox recently announced a partnership with Forbes, which will use The Sandbox to launch its metaverse hub, including holiday-themed offerings. This partnership is significant because it could help to revitalize the metaverse, which has been losing popularity, and it also opens up the possibility of collaborations with WEB2 companies seeking new opportunities for growth. Additionally, the Sandbox has struggled in the recent bear market, but this partnership with Forbes may serve as a reminder that the network is still active and focused on expansion. The partnership may also lead to increased demand for The Sandbox’s NFTs. In the second
1 year ago
1 min read
Binance, the world’s largest cryptocurrency exchange by trading volume, experienced a flood of withdrawals on Monday following news of controversy and potential charges from the Department of Justice (DOJ). The Binance native token, BNB, also saw significant declines in its market value and a drop in its market cap of around 7.5% to $41 billion. Furthermore, the 24-hour trading volume for BNB increased by about 120% to $974 million, according to CoinMarketCap. Binance released its proof of reserve report on December 7, which sparked social media uproar. Reuters then published a story on December 12 about potential charges against Binance
1 year ago
1 min read
During a December 10 interview with the BBC, Sam Bankman-Fried, the founder and former CEO of the now-defunct crypto exchange FTX, stated that he would like to form a new venture with the intention of repaying customers he owes money to. “I want to do right by FTX users and figure out what I can do to help them, so I’m going to be exploring different options,” he said. Bankman-Fried added, “I’m willing to do anything to try and make this happen.” The bankruptcy filing of Nov. 14 indicates SBF’s exchange may be facing more than 1 million creditors. The
1 year ago
1 min read
On Friday, Wemade Co. Ltd., a South Korean blockchain game developer, announced that they would be buying back and burning US$10 million worth of their native WEMIX crypto to stabilize its dropping value after four local cryptocurrency exchanges delisted the token on Thursday. Wemade announced that it will be repurchasing and burning two of its tokens – WEMIX on its mainnet and WEMIX Classic on the Klaytn blockchain – until March 8, 2023. The tokens will be bought at a time-weighted average price on global exchanges and the company’s decentralized finance (DeFi) platform, WEMIX.Fi. The company acknowledged the recent removal
1 year ago
1 min read
The Bank of Spain (BDE) has announced a new experimental program to assess the viability of implementing wholesale Central Bank Digital Currencies (CDBCs) in an effort to better meet the “needs and demands of an increasingly digital society.” The BDE is looking to collaborate with financial and technological institutions to launch the pilot program. The program will concentrate on three main areas: simulating the transfer of funds, testing the liquidation of financial assets, and assessing the advantages and disadvantages of introducing a wholesale CBDC to the existing procedures and structure. A December 5 statement, when translated, revealed that the bank
1 year ago
1 min read
The founder of FTX, Sam Bankman-Fried (SBF), has been warned about his media tour to explain what went wrong following the demise of the FTX crypto exchange. Ira Sorkin, the lawyer who represented Bernie Madoff, the perpetrator of the largest individual ponzi scheme, has urged SBF to ‘shut up’ as the investigation into the collapse continues, Bloomberg reported on December 2. According to the attorney, the Bankman-Fried media tour will have little impact on changing public opinion about his alleged role in the FTX debacle. Ira Sorkin, the lawyer who represented Bernie Madoff said, “That’s the first order of business:
1 year ago
1 min read
According to The Korea Times, South Korean prosecutors may receive court permission to detain Terraform Labs co-founder Daniel Shin and seven other Terra associates as soon as today. Together with the other parties, Shin attended a hearing at the Seoul Southern District Court that will determine the validity of his early-Friday arrest. In order to detain Shin, four engineers, and three investors in the failed cryptocurrency company, the prosecutors are requesting permission. After questioning the co-founder of Terra-Luna and his associates, the court will render a direct decision. Before the project collapsed, Shin is alleged to have sold tokens worth
1 year ago
0 mins read
Despite its declining utility, investors in Terra Classic (LUNC), the original chain of the defunct Terra (LUNA) token, remain bullish on the digital asset. Despite the current bearish market conditions, the token appears to be on a bullish upward trend. According to CoinMarketCap data, LUNC currently has a market capitalization of $965.68 million, an increase of $73.49 million from $892.19 million on November 29. As a result, short-term buying pressure has influenced the value of LUNC, which was trading at $0.00016 at press time, up more than 2% in the last 24 hours. The weekly chart shows that the token
