Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Solana-based meme coin POPCAT surges by over 27%

October 24, 2024 1 min read

In a surprising twist in the crypto landscape, while major players like Bitcoin and Ethereum are experiencing declines, the Solana-based memecoin POPCAT (SOL) has emerged as a standout performer. It recently hit an impressive all-time high of $1.67, marking a remarkable increase of over 24.63% from a previous low of $1.34 within just 24 hours. This surge follows a brief dip earlier in the week, hinting at a renewed wave

Grayscale files to convert its $524M Digital Large Cap Fund into an ETF

October 17, 2024 1 min read

Grayscale Investments is making strides in the crypto space by seeking approval from the US Securities and Exchange Commission (SEC) to transform its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). This fund, which currently trades over the counter, provides investors with a diversified portfolio that includes major digital currencies like Bitcoin, Ether, Solana, Ripple, and Avalanche. With $524 million in assets under management, the GDLC primarily focuses

Ubisoft to launch its first Web3 game with the Oasys layer 2 HOME Verse

October 11, 2024 1 min read

Ubisoft is set to make waves in the gaming world with the launch of its first web3 game, “Champions Tactics: Grimoria Chronicles,” on October 23rd. This tactical RPG invites players to dive into the dark fantasy realm of Grimoria, where they can assemble teams of unique mythical Champions for exhilarating PvP battles. Developed in collaboration with Oasys and double jump.tokyo, the game aims to seamlessly integrate web3 technologies, allowing players

A crypto strategist believes Bitcoin (BTC) can witness an abrupt rally to $68,000

October 7, 2024 1 min read

In the ever-evolving world of cryptocurrency, a prominent strategist known as Credible Crypto is stirring excitement among followers with predictions of a potential Bitcoin (BTC) rally. He suggests that Bitcoin could surge to $68,000 in the near future, sparking a wave of optimism across the altcoin market. However, he cautions that this upswing may be fleeting, as he anticipates a return to bearish trends shortly after. Credible Crypto, who boasts

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