Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Binance executive’s tax evasion case in Nigeria postponed, next hearing set for April 19

April 15, 2024 1 min read

Tigran Gambaryan, a high-ranking Binance executive in Nigeria, has been apprehended for the act of deliberately avoiding tax payments and is currently being prosecuted, along with the firm, for failing to fulfill specific tax obligations and purportedly assisting customers in evading taxes. Justice Emeka Nwite delayed the proceedings after Gambaryan had lately became aware of the charges. Gambaryan’s imprisonment by the EFCC, a separate federal agency, was the cause of

Over $21M in Solana locked on Lido’s DeFi, affecting thousands

April 4, 2024 0 mins read

Lido, a large DeFi platform, has shut down its Solana services owing to a technical issue, rendering over $21 million in Solana inaccessible to users. This issue has raised concerns and complaints among the DeFi community, as the platform’s Solana services have been disabled for over 31,585 users. Despite the platform’s entire ecosystem worth more than $31 billion, its Solana services have fallen behind rivals, resulting in the closure. The

Bitcoin volatility hits 60%, outpacing Ether as the halving event draws near

April 1, 2024 1 min read

Bitcoin’s volatility has exceeded that of Ether, hitting over 60% in the 30-day annualized historical volatility. This is a result of the influx of investments into Bitcoin exchange-traded funds (ETFs) and the expectation around Bitcoin’s upcoming halving event. Bitcoin, often seen as a reliable digital money, has encountered unforeseen volatility, which has posed a challenge to its function as a stabilizing force in the market. The approval of several Bitcoin

Solana (SOL) Surpasses Binance Coin (BNB) in market cap to become the 4th largest crypto

March 18, 2024 1 min read

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world’s fourth-largest cryptocurrency. This follows a remarkable streak of growth, with Solana surpassing Ethereum’s performance in the previous 24 hours and achieving a record DEX daily volume number. Despite the downturn in the digital asset market, Solana has managed to surpass BNB in market capitalization, making it the fourth-largest crypto globally. The price and market cap of Solana

MicroStrategy secures $800M from notes sale to fund its growing Bitcoin portfolio

March 11, 2024 1 min read

Virginia-based MicroStrategy Incorporated, well-known for embracing Bitcoin early on, has concluded a $800 million convertible note issuance. Finalized on March 8, 2024, the sale is aimed to institutional purchasers that meet certain regulatory requirements. Furthermore, an extra $100 million is included in the $800 million from an option that purchasers fully exercised on March 6, 2024. Plus, investors may choose between debt and equity via convertible notes, which have a

Shiba Inu community burns over 634 million SHIB tokens in February, SHIB price surges by over 80%

March 3, 2024 1 min read

The burn rate of Shiba Inu has surged by over 880%, resulting in the destruction of over 630 million SHIB tokens in February. Shibburn, a SHIB transaction tracker, has reported that in the past 24 hours, the SHIB community burned over 37,104,438 SHIB meme coins. This increased the burn rate to over 880%. Thus, over 21,540,898 SHIB was sent to inactive Bitcoin wallets in the biggest burn transaction hours ago.

Bitcoin ETFs see over $570M boost, marking a surge in crypto investment confidence

February 28, 2024 1 min read

The crypto market is experiencing a significant surge in investment, particularly in Bitcoin Exchange-Traded Funds (ETFs). BitMEX exchange data shows that these ETFs secured over $570 million in new investments, marking the third-highest day for investments. Moreover, this influx amounts to around 10,168 BTC, indicating the growing trust and interest in crypto among investors. Furthermore, the trend continues to gain momentum, with investments rising by about $55 million from one

Bitcoin (BTC) surges past $53k for first time since 2021 as trading volume soars by 30%

February 26, 2024 1 min read

As of this writing, the price of Bitcoin (BTC) is hovering around $53,446. This is the first time it has broken the $53,000 mark since 2021. The largest crypto by market cap reached over $53,600, according to CoinMarketCap. With over a 3.8% increase over the previous 24 hours, Bitcoin was trading at $53,455 as of press time. Aside from Bitcoin, Ethereum, the second-largest crypto, has risen by over 4% from

BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion last week

February 20, 2024 1 min read

The most current data from CoinShares indicates that last week saw record inflows of $2.45 billion globally into crypto funds managed by asset managers. This includes BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares. With $5.2 billion raised for digital asset investment products so far this year, the new US-listed Bitcoin exchange-traded funds (ETFs) have proven to be the most successful thus far. According to CoinShares Head of Research James Butterfill,

Bitcoin to $150,000 Soon, Predicts This Hedge Fund Veteran

February 17, 2024 1 min read

Mark Yusko, the founder and CEO of Morgan Creek Capital, thinks that the Bitcoin (BTC) bull market just started. Yusko claims that BTC may reach $150,000 by the middle of next year in an interview on The Wolf of All Streets YouTube channel. He notes that this price will double the fair value of BTC. Yusko claims that the number of Bitcoin miners and users and the network effects of

Bitcoin (BTC) surges for the 7th consecutive day, currently trading above the $48K mark

February 12, 2024 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

Standard Chartered predicts SEC’s approval of Ethereum ETFs by May 23

January 31, 2024 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