Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Metaplanet buys 42.47 more BTC amid market volatility, as Bitcoin shows signs of recovery

July 10, 2024 1 min read

Bitcoin’s recent price movement has been influenced by several macroeconomic and market-specific factors, including significant sell-offs and institutional activities. The market remains jittery due to low demand for US-based spot Bitcoin ETFs, raising overall fear. However, on-chain data indicates that smart money has been buying Bitcoin despite the heightened fear. Bitcoin continues to have a macro bullish outlook, supported by the recent fourth halving event and the approval of spot

Coinbase secures a $32 million contract with the DOJ to manage seized crypto

July 2, 2024 1 min read

The US Department of Justice’s asset forfeiture section, known as the US Marshal Service, has selected Coinbase as its custodian for digital assets with high market capitalization. Coinbase Prime will provide custody and enhanced trading services for its “Class 1” digital assets to assist federal law enforcement. The government requires dependable storage and liquidation methods to effectively handle and dispose of significant volumes of widely-used cryptocurrencies, referred to as Class

Ordinal Hive and Merlin Chain partners to create the first Ordinal trading protocol

June 26, 2024 1 min read

A renowned Bitcoin platform known as Ordinal Hive has formed a partnership with Merlin Chain in order to facilitate the development of the first Ordinal trading protocol that is tailored exclusively for professional traders. Because it combines high transaction speeds, low fees, and innovative features that are suited to high-frequency and high-volume Ordinal traders, this agreement represents a significant step forward in the trading of assets based on Bitcoin. Ordinal

This First White-label Crypto Cashback Provider Expands Funding To $1.1 Million

June 20, 2024 2 mins read

Bring web3, a participant in the crypto industry, has declared the successful augmentation of its funds to further the development of its platform and enhance its growing network of key partners. Bring, a pioneering white-label crypto cashback provider, has successfully concluded a 1.1 million dollar SAFE round, further cementing its dedication to innovation and its goal of transforming the crypto cashback ecosystem. Bring’s cutting-edge platform offers cashback rewards for purchases

Polkadot (DOT) approves a $65 million fund for developing the JAM architecture

June 18, 2024 1 min read

Polkadot has allocated a $65 million fund for the development of the Join-Accumulate Machine (JAM) architecture, with the goal of enhancing blockchain scalability and flexibility. The fund, comprising a reward pool of 10 million DOT tokens, aims to improve data management and network interoperability inside the DOT network. JAM tackles performance challenges arising from sharding, a process that decreases coherency and poses difficulties in constructing metasystems across particular chains. The

XRP whales buy over 27 million XRP from crypto exchange Binance

June 16, 2024 1 min read

An affluent XRP investor has acquired a substantial amount of 27.74 million XRP from Binance, suggesting a possible increase in price. The whale’s extensive resources and long-term market perspective are the reasons behind this assertive purchasing behavior, which is commonly interpreted as a bullish indication. According to a recent technical study, XRP is expected to have a 20% price surge by July 15th, which offers optimism to investors aiming to

A whale moves over 240 million XRP, valued at around $127 million

May 24, 2024 1 min read

A recent bank audit revealed a $127 million whale transaction involving over 240 million XRP. Whale Alert, a blockchain monitoring service, said that Coincheck, a major Japanese cryptocurrency exchange, transferred the transaction to an unknown wallet. Blockchain data show the transaction occurred at 07:13 UTC today. Incredibly, the identical recipient wallet was engaged in another large transfer days before. On Monday, Crypto Basic revealed that Coincheck sent 250,000,000 coins worth

The SEC’s decision this week on spot Ethereum ETFs will significantly impact the crypto market

May 20, 2024 2 mins read

This week, the SEC will decide whether to allow or reject spot Ethereum ETFs. This move has drawn attention from prominent investing companies. The SEC’s VanEck application deadline is May 23, followed by Cathie Wood’s ARK Invest and 21Shares proposals the following day. BlackRock, Fidelity, Bitwise, Galaxy Digital, Franklin Templeton, and Hashdex are also interested in launching a spot Ethereum ETF. Most industry analysts expect the SEC to reject these

US Bitcoin ETFs saw a significant boost on May 13, with $66 million in inflows

May 17, 2024 1 min read

On Monday, May 13, all 11 US Bitcoin ETFs witnessed $66 million in inflows. Despite spot Bitcoin ETF purchases slowing and occasionally going negative, BlackRock’s IBIT and Grayscale’s GBTC saw zero net flows that day. With $38.6 million inflows, Fidelity’s Bitcoin ETF (FBTC) led, followed by Bitwise’s ($20.3 million). Over the previous month, the eleven Bitcoin ETFs lost $297 million on 17 trading days. This tendency is attributable to market

MicroStrategy unveils ‘Orange,’ a Bitcoin-driven ID system, boosting digital security

May 3, 2024 2 mins read

MicroStrategy has developed a new decentralized identity system called ‘MicroStrategy Orange’. During the ‘Bitcoin For Corporations’ conference on May 1, executive chairman Michael Saylor made the announcement. This method involves directly incorporating data into Bitcoin’s transaction outputs via a unique kind of Ordinals inscription, as opposed to existing identifying methods that rely on networks or sidechains. Saylor said that Orange has the capacity to process a maximum of 10,000 decentralized

Bitwise CIO sees Bitcoin volatility halving as institutional investments surge

April 26, 2024 1 min read

Bitwise’s Chief Investment Officer, Matt Hougan, forecasted a 50% reduction in Bitcoin’s volatility as a result of institutional participation. Hougan reiterated his $250,000 Bitcoin price projection in a comprehensive investment report for the upcoming years. Prior to the 2024 halving event, Bitcoin achieved unprecedented peaks. Hougan anticipates that these sudden increases will persist beyond the halves of Bitcoin, a trend that has been observed since the halving event in 2012

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market

April 17, 2024 1 min read

Hong Kong has granted approval for its inaugural Bitcoin exchange-traded fund (ETF), representing a notable milestone in the realm of crypto. The Bitcoin ETF, overseen by China Asset Management (Hong Kong) in partnership with OSL Digital Securities and BOC International Prudential Trusteeship, provides investors with a direct opportunity to profit from the price of Bitcoin. Furthermore, this strengthens Hong Kong’s appeal as a prominent center for crypto trading and investment.