Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

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 Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively.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

Kamala Harris’s campaign advisors says her presidency may embrace a prudent stance towards crypto

August 14, 2024 1 min read

Vice President Kamala Harris, a new entrant into the presidential race, has mostly withheld the specifics of her policy proposals. In anticipation of the Democratic National Convention, Hillary has pledged to disclose further details regarding her economic strategies in the near future. Her campaign advisors, a significant number of whom has expertise in blockchain and Web3 regulation, have greatly contributed to her comprehension of bitcoin. Brian Nelson, a lawyer who

Ark Invest dumps 400 units each of two ETFs that track Ethereum futures

August 11, 2024 1 min read

Ark Invest, under the leadership of Cathie Wood, divested a substantial chunk of their Ethereum futures ETFs on August 9, which may have resulted in a decrease in investor confidence. The corporation sold 400 units of ProShares Ethereum Strategy ETF (EETH) and Ark Active Ethereum Futures Strategy ETF (ARKZ), resulting in a trade of $21,112 for EETH and a sell of $12,056 for ARKZ. Ark Invest’s strategic decision indicates a

Binance records $1.2 billion in net inflows in 24 hours, demonstrating strong investor confidence

August 7, 2024 1 min read

Binance exchange achieved a remarkable $1.2 billion in net inflows within a 24-hour period, even in the face of worldwide market instability. The occurrence demonstrates the robust trust and belief of investors in Binance, a company that possesses assets over $100 billion. Although offshore exchanges experienced significant selling pressure, US crypto platforms demonstrated robust trading volumes for Bitcoin. Binance experienced an infusion of funds as traders and investors liquidated their

India seeks over $80 million from Binance exchange for unpaid taxes

August 6, 2024 2 mins read

The Directorate General of GST Intelligence (DGGI) in India has demanded a sum of $86 million in taxes from Binance, a prominent crypto exchange. India’s tax authorities have targeted a large crypto business for the first time, establishing a regulatory precedent in the country. The Directorate General of Goods and Services Tax Intelligence (DGGI) has requested a payment of INR 722 crore, which is equivalent to nearly $86 million, for

Mt. Gox is close to finishing its Bitcoin repayment plan after transferring $2 billion in BTC

August 4, 2024 1 min read

After completing a large Bitcoin move worth over $2 billion, Mt. Gox, a former Japanese Bitcoin exchange, is almost done with its repayment plan. As part of Mt. Gox’s plan to give back recovered Bitcoin to people who were touched by the 2014 hack, hundreds of thousands of BTC worth about $450 million were stolen. Mt. Gox has recovered about 141,686 BTC since the hack, but recent big transfers have