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
2 months ago
1 min read
Bitcoin is getting close to reaching the much-awaited $50K milestone as investor interest in the recently introduced Bitcoin ETFs rises. A recent report from a senior Bloomberg analyst claims that Bitcoin is rising steadily and has been increasing every day for the past seven days. In recent days, inflows into Bitcoin ETFs have increased sharply, emulating the initial days of the ETF’s introduction. ETF inflows hit over $400 million in a single day, surpassing $9 billion after a month of the launch. Despite the sharp decline in Grayscale’s GBTC ETF, Bloomberg’s senior ETF analyst, James Seyffart, provided updates on the
3 months ago
1 min read
Standard Chartered Bank’s Head of Forex and Digital Assets Research predicts that the US SEC will approve Ethereum exchange-traded funds (ETFs) by May 23. Drawing parallels with the SEC’s approach to Bitcoin ETFs, where initial rejections were followed, Geoffrey Kendrick, the expert behind the forecast, believes Ethereum’s price will rise to $4,000 following the ETF approval. This optimism comes from Ethereum’s unique classification by the SEC, which avoids the security label, and its listing on the Chicago Mercantile Exchange. Kendrick’s optimistic outlook extends beyond ETH, as he sees BTC reaching $100,000 by the end of the year and $200,000 by
3 months ago
1 min read
Crypto exchange HTX, formerly Huobi, has raised concerns after abruptly disabling its proof-of-reserves system, according to Adam Cochran, managing partner at Cinneamhain Ventures. This unexpected move coincides with TrueUSD (TUSD), which is alleged to be owned by HTX stakeholder Justin Sun, struggling to maintain its $1 peg for more than two weeks. Earlier today, attempts to access HTX’s proof-of-reserves page revealed a complete lack of information about the exchange’s cryptocurrency reserves. This included missing data on reserve rates, wallet balances, and user asset totals. Although the page is now back online, the timing of this temporary outage raises concerns, especially
3 months ago
1 min read
According to recent data from Crypto Quant, as of January 19th, issuers of spot Bitcoin ETFs collectively held over 638,000 bitcoins, equivalent to an estimated $28 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) is the top Bitcoin ETF issuer, with 566,973 BTC. Following closely behind is BlackRock’s iShares spot ETF, which trades under the ticker symbol IBIT and holds 28,662 BTC. In an unexpected move, Grayscale Investments, the company behind the well-known Grayscale Bitcoin Trust (GBTC), completed a significant Bitcoin sale worth more than $2 billion. This strategic decision comes amid debate over Grayscale’s decision to keep ETF fees
3 months ago
1 min read
XRP has once again taken center stage with a significant transfer of 443.1 million XRP, worth $254.8 million at the current price of $0.573 per XRP. This transaction, which occurred just over an hour ago, has piqued the interest of the crypto community, resulting in widespread speculation. This latest transfer follows a much larger transaction on Sunday that involved nearly $15 billion in XRP, or approximately 25.6 billion tokens. This significant movement raised eyebrows and sparked various concerns in the crypto community. Bitfinex CEO Paolo Ardoino revealed that the Sunday transaction was an attempted attack using the “Partial Payments Exploit.”
3 months ago
1 min read
BlackRock is making waves in the rapidly expanding market for Bitcoin Exchange-Traded Funds (ETFs) with its understated and straightforward advertising strategy. The company recently launched the iShares Bitcoin Trust ETF (IBIT) and chose a unique approach that stands out among its competitors’ flashy and complex campaigns. Unlike the typical high-energy and visually intricate Bitcoin advertisements, BlackRock’s promotional video is calm and straightforward. A BlackRock executive explains Bitcoin and the newly launched ETF in the around two-minute video. The tone is deliberate, the visuals are simple, and the language avoids unnecessary crypto jargon. This deliberate choice aims to appeal to a
4 months ago
1 min read
In an unexpected move, Twitter, dubbed the “X” of the online world, has disabled support for non-fungible tokens (NFTs) in its premium membership section. Premium subscribers initially had the unique ability to showcase their NFT holdings through personalized profile pictures, adorned with a distinct hexadecimal profile photo. Users could seamlessly feature an NFT as their profile image after establishing a temporary link to their cryptocurrency wallets. When finished, the digital asset would take on a distinct hexagonal shape, serving as a visual reminder of the user’s ownership. However, as of the time of publication, the option to display NFTs had
4 months ago
1 min read
Binance US is taking proactive steps to strengthen its compliance efforts in the face of increased scrutiny from regulatory bodies such as the SEC. Binance US has appointed Lesley O’Neill as Chief Compliance Officer in response to increased scrutiny and an evolving regulatory landscape. O’Neill’s role will be critical in managing legal affairs and improving the crypto exchange’s overall compliance framework. O’Neill brings a wealth of experience to her new position, having held positions in legal and compliance at Prove, EY, Milbank, and Bloomberg. O’Neill’s priorities include anti-money laundering measures and optimizing customer verification processes. By focusing on these critical
4 months ago
1 min read
Recent optimism about the potential approval of U.S.-based spot bitcoin ETFs has fueled a surge in bitcoin’s price, which briefly surpassed $45,500 in the last 24 hours. Significant liquidations occurred in the market, particularly in short positions, totaling over $135 million across various centralized exchanges. Over $82 million in Bitcoin positions were liquidated on centralized exchanges, with around $74 million being short positions. In the crypto market, liquidations occur when traders’ positions are forced to close due to a lack of funds to cover losses, depleting their original margin or collateral. According to CoinGlass data, the entire crypto market saw
4 months ago
1 min read
Ripple, a major crypto player and XRP holder, has been actively liquidating its monthly unlocked reserves. The company’s recent sell-offs have piqued investors’ interest, with over $192.2 million in XRP already dumped in December alone. In this article, we will go over Ripple’s liquidation strategy and its potential implications for the XRP market. Ripple had already sold 240 million XRP worth $148.8 million as of December 21. This was 40 million tokens more than the monthly unlocked and held amount, indicating a proactive approach to liquidating its reserves. On December 27, 70 million more XRP were sold, bringing the total
4 months ago
1 min read
Nifty Island, Nyft Studio’s open social metaverse game platform, has announced plans to launch its native token, $ISLAND. This scarce digital commodity aims to turn Nifty Island into a public good that can be accessed by communities all over the internet. The token distribution event is set to begin on January 17, 2024. In contrast to traditional methods such as minting or pre-sale, $ISLAND tokens will be distributed via a Play-to-Airdrop (P2A) event, which is intended to increase user engagement and interaction. The entire web3 community will be able to farm $ISLAND tokens, with special consideration given to members of
4 months ago
1 min read
A British Virgin Islands court has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a prominent crypto hedge fund. Teneo, the company in charge of overseeing 3AC’s closure, has confirmed this move. According to Teneo, the founders, Su Zhu, Kyle Davies, and Davies’ wife, Kelly Chen, are now unable to access or transfer their substantial assets. This action comes amid 3AC’s financial difficulties, with creditors owed an estimated $3.3 billion. Teneo claims that the founders contributed to 3AC‘s financial difficulties, prompting the court to freeze their assets. Su Zhu was arrested at Singapore’s
