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
6 months ago
2 mins read
The bankrupt crypto exchange FTX, along with its debtors, has submitted a request to the U.S. bankruptcy court in Delaware. They are seeking approval to sell trust assets that include funds from Grayscale and Bitwise, valued at an estimated $744 million. The sale is proposed to be carried out with the assistance of an investment adviser, as outlined in a court filing made on Friday. According to the filing, the sale or transfer of these trust assets is intended to help prepare the estates for forthcoming distributions in dollars to creditors. It also aims to provide FTX with the flexibility
6 months ago
1 min read
Shiba Inu (SHIB) meme coin is on an upward trajectory, posting a 2.88% gain and reaching around $0.000007885, as per CoinMarketCap data. A notable factor fueling this sustained positive momentum is a 22% spike in SHIB trading volume on the leading exchange, Binance. Binance exchange witnessed SHIB trading volumes exceeding $37 million in the past 24 hours. Being one of the most liquid exchanges globally, this surge shows a robust growth in demand, hinting at further upward movement. The overall spot volume also increased by over 30% to $189 million, with Binance’s activity constituting a significant portion. Several underlying factors
6 months ago
1 min read
USDC Stablecoin issuer Circle has announced its decision to discontinue support for consumer accounts. According to a statement released, Circle consumer accounts will no longer be supported as part of the company’s strategic review. The discontinuation of wiring and mining functionalities will take effect, and all consumer accounts will be closed on November 30, 2023. While the statement did not delve into specific details about the motivations behind this move, Circle emphasized that this action is consistent with its terms and agreements, implying it’s in line with its pre-established policies. This development follows comments made by Circle’s CEO, Jeremy Allaire,
6 months ago
1 min read
Floki Inu (FLOKI), the meme coin that is making waves in the crypto world, is grabbing everyone’s attention with its remarkable performance and instigative updates. It has lately hit a five-month high, trading at $0.00004074, which is a 24% increase in the last 24 hours. Indeed, more astonishing is its inconceivable 105% swell in just one week. What is indeed more instigative is the substantial increase in Floki’s trading volume, which has gone up by a whopping 93 in the same period, reaching an aggregate of $324 million. This swell in positive instigation can be credited to strategic cooperation and
6 months ago
1 min read
Cathie Wood’s Ark Invest recently made some moves in the crypto space, selling a portion of its shares in Coinbase and the Grayscale Bitcoin Trust (GBTC). On Monday, Ark Invest sold 42,613 shares of Coinbase and 100,739 shares of GBTC. The sales were worth approximately $5.8 million, based on the closing prices of Coinbase and GBTC on that day. This decision to offload shares came amidst a positive surge in both Coinbase and GBTC’s prices, as well as the broader crypto market. The crypto market has been experiencing a rally, with Bitcoin leading the way. On Monday night, Bitcoin reached
6 months ago
1 min read
Bitcoin surged past the $30,000 mark on CoinMarketCap. This comes after the surge that was triggered by some misleading news reports that claimed the U.S. Securities and Exchange Commission (SEC) had given the green light to BlackRock’s iShares Bitcoin exchange-traded fund (ETF) application. BlackRock promptly set the record straight, stating that their ETF application was still under review. That’s when reality hit, and Bitcoin’s price took a tumble, dropping below $27,000. Now, despite this rollercoaster ride, the crypto world is buzzing with anticipation. The possible approval of a spot-based Bitcoin ETF in the U.S. has the crypto community talking. Many
7 months ago
1 min read
Binance has announced its support for the upcoming Klaytn (KLAY) network upgrade and hard fork. The upgrade is scheduled to take place at block height 135,456,000, which is expected to happen at around 01:00 (UTC) on October 16, 2023. As part of the upgrade process, Binance said that deposits and withdrawals of tokens on the Klaytn network will be temporarily suspended, starting at around 00:00 (UTC) on October 16, 2023. However, it’s important for users to note that the trading of tokens on the Klaytn network will not be affected during this period. The Binance team said it will take
7 months ago
1 min read
Former Chief Risk Officer Julie Schoening, previously employed at LedgerX, an FTX-owned entity, faced termination shortly after raising concerns about the preferential treatment given to FTX’s affiliated trading firm, Alameda Research. This revelation has emerged from sources cited by the Wall Street Journal. In May 2022, Schoening’s team unearthed code that indicated Alameda was enjoying distinct advantages, including the ability to maintain a negative balance of up to $65 billion. A LedgerX employee named Jim Outen shared this discovery, noting, “Just wanted to point out that there are currently a few places in the… code base where Alameda gets special
7 months ago
1 min read
The Solana Foundation has highlighted significant progress in its network’s decentralization efforts. In their latest validator health report, they noted that over 31% of the total stake is now running through the Jito Labs client, a substantial increase since March 2023. This development signifies that the Solana network has successfully transitioned into a “multi-client network,” demonstrating its resilience and maturity. The foundation also proudly announced that the Solana network has maintained 100% uptime since February, marking a significant improvement compared to the network’s past downtime issues. According to the report, there are currently four different validator client implementations for the
7 months ago
1 min read
Shibburn data revealed a significant reduction in the circulation of Shiba Inu tokens during September. Over 2.3 billion SHIB tokens, equivalent to $17,173, were permanently removed from circulation last month. While this figure is lower than in August, when 5.7 billion SHIB tokens (worth $45,899) were burned, it still signifies a notable reduction. Over the past 24 hours, SHIB has experienced a 3% price increase, accompanied by a surge in trading volume, reaching $99 million. However, throughout September, SHIB displayed relatively modest trading activity, with less than 7% movement, ultimately closing the month at a value of $0.0000075. What’s particularly
7 months ago
1 min read
Solana (SOL) is grabbing attention as it broke out of its latest price. In the latest price analysis, one SOL token is currently trading at around $22.80. This development is capturing the interest of traders and investors, especially those closely monitoring the SOL/ETH trading pair. The significance of this potential breakout cannot be overstated. It holds two-fold importance for the cryptocurrency community. Firstly, it signals an uptick in Solana’s volatility, potentially opening up more trading opportunities and the prospect of higher returns for market participants. Secondly, and perhaps even more intriguingly, it hints at Solana’s growing dominance in specific aspects
7 months ago
1 min read
Binance Belgium is reopening registrations for residents of Belgium, allowing them to access the platform once again. The exchange made this announcement on social media, expressing gratitude for the patience and loyalty shown by Belgian users during recent changes and challenges. In addition to reopening registrations, Binance is restoring access to various products and services for Belgian users who have accepted the updated Terms of Use. The exchange values the support it has received from the Belgian crypto community. https://x.com/binance/status/1706350568703156691?s=20 In other news, Binance is expanding its presence in Japan through a partnership with Mitsubishi UFJ Trust Bank. Together, they
