Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Nvidia faces a revived class-action lawsuit backed by the SEC

October 5, 2024 2 mins read

Nvidia is currently under scrutiny as the SEC and DOJ support a revived class-action lawsuit accusing the company of misleading investors regarding its revenue from cryptocurrency mining. This lawsuit, initially filed in 2018, claims that Nvidia downplayed its reliance on crypto-related earnings during a period of high demand for GPUs in mining. The U.S. government’s involvement aims to hold Nvidia accountable for allegedly misrepresenting its financial health, particularly in light

The IMF wants El Salvador to limit “public sector exposure to Bitcoin”

October 5, 2024 1 min read

The International Monetary Fund (IMF) has advised El Salvador to limit its Bitcoin law and reduce public exposure to the crypto. During a press conference, IMF spokesperson Julie Kozack emphasized the need for a narrower scope of the Bitcoin law, enhanced regulatory frameworks, and oversight of the Bitcoin ecosystem. This recommendation is part of ongoing discussions between the IMF and El Salvador, focusing on addressing the risks associated with Bitcoin.

Roman Storm will face trial for alleged money laundering via Tornado Cash

September 28, 2024 1 min read

In a significant development for the cryptocurrency world, Roman Storm, co-founder of the controversial mixing service Tornado Cash, is gearing up for a trial set to commence on December 2, 2024, in New York. This follows a recent ruling by District Judge Katherine Polk Failla of the Southern District of New York, who denied Storm’s motion to dismiss serious money laundering charges against him. Storm, alongside his co-founder Roman Semenov,

PEPE’s price surges by over 16% as meme coins rose, with Floki and Shiba Inu among the top gainers

September 28, 2024 1 min read

Pepe’s (PEPE) price has seen a remarkable surge, climbing over 15% in just 24 hours, largely fueled by a significant investment from Arthur Hayes, the former CEO of BitMEX. This uptick comes on the heels of a broader rally in the meme coin market, with PEPE joining the ranks of other rising tokens like dogwifhat and Sei. As of now, PEPE is trading at $0.00001047, having briefly reached an intraday

Donald Trump launches a new crypto venture, World Liberty Financial

September 19, 2024 1 min read

Donald Trump has initiated his own crypto venture, World Liberty Financial, during a two-hour transmission on X. This action signifies a notable change for Trump, who had held a disparaging view of crypto and referred to them as a “scam.” Trump underscored the necessity for the United States to have a leadership role in the cryptocurrency sector, cautioning that nations such as China might gain supremacy if America falls behind.

Worldcoin adds World ID to Solana through Wormhole’s new cross-chain bridge

September 15, 2024 1 min read

Worldcoin has announced the debut of World ID integration for Solana, which will use the Wormhole Foundation’s cross-chain technology. This action builds on the foundation’s Worldcoin Wave 1 Community Grant, emphasizing its role in linking decentralized identification solutions across blockchains. World ID, Worldcoin’s privacy-focused identity verification service, is based on the layer-2 Ethereum network, World Chain, and allows users to securely validate their identity without disclosing personal information. The integration

Bitcoin price dips to around $57k in the last 24 hours

September 2, 2024 1 min read

The cryptocurrency market has seen a period of decline, characterized by substantial decreases in the price of Bitcoin. The market has experienced significant turbulence, with altcoins exhibiting high levels of volatility and transitioning into a negative trend. Bitcoin (BTC) initiated a decline on August 30th, as prices had difficulties in maintaining the $60,000 level. On September 1, it was trading at levels around $58,000 and experienced an additional decrease of

The US Bitcoin ETFs see over $106 million outflow

August 29, 2024 1 min read

Bitcoin ETFs experienced outflows totaling $105.3 million, with six out of 11 ETF issuers losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively. Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. BlackRock’s IBIT did not register any outflows. The total net inflow for Bitcoin ETFs remains positive

Cardano (ADA) delays its Chang hard fork to September 1

August 26, 2024 1 min read

Cardano has rescheduled its Chang hard fork to September 1, shifting the original date from August 27 in order to provide additional time for exchanges and decentralized apps to make necessary preparations. Intersect’s announcement guarantees that the ecosystem is completely prepared for this important update, marking a significant milestone in Cardano’s progression into the Voltaire era. The upgrade will introduce improved community governance and smart contract functionalities, with a focus

Bitcoin Dormant Wallet Turns $10K into $1.45M After 11 Years

August 21, 2024 1 min read

A previously inactive Bitcoin wallet, containing about 24 BTC, has reappeared after a period of 10.8 years of inactivity. The wallet initially acquired 24 BTC on November 16, 2013, when the value of Bitcoin was $438.83. The coins would have been acquired at a cost of around $10,915 by the owner. Currently, the identical 24 BTC own a remarkable value of $1.46 million, leading to a profit rise of 13.245%.

Bitcoin’s recent dip below the 200-day SMA raises concerns about its future direction

August 19, 2024 1 min read

Bitcoin (BTC) has undergone substantial growth in the last two years, with its value increasing by over 300% since early 2023. In the year 2024, there was a significant increase of 40%, resulting in the attainment of new record levels. Nevertheless, current advancements indicate that the positive trajectory of Bitcoin may encounter obstacles in the upcoming months. Crypto expert Ali Martinez recently observed that the price of Bitcoin has fallen

Donald Trump has between $1 million-$5 million in Ethereum (ETH)

August 16, 2024 1 min read

According to election declarations, Donald Trump possesses an amount of Ethereum (ETH) valued between $1 million and $5 million, and he earns a substantial income from license fees related to non-fungible tokens (NFTs). Although the documents do not specify the exact quantity of Ether, Arkham Intelligence reports that Trump’s wallet holds $3.6 million worth of Ether. In addition to the Ether holdings, financial records indicate that Trump earned $7.15 million