Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

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.

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,