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
10 months ago
1 min read
One of the world’s largest cryptocurrency exchanges, Binance, has withdrawn its license application from Austria. This latest development follows the recent exits from the Netherlands and Cyprus, as the exchange continues to navigate a complex regulatory landscape. In addition to its European woes, Binance is facing legal battles with the US Securities and Exchange Commission (SEC) and has encountered regulatory issues in Canada and Australia. Binance’s Withdrawal from Austria Finance FWD has reported that Binance withdrew its license application from Austria some time ago. The exchange declined to provide further details when questioned by Blockworks. However, Binance emphasized its commitment
10 months ago
1 min read
The head of Binance Brazil, Guilherme Haddad, has been summoned to testify before the Brazilian Parliament’s probe into suspected pyramid schemes in the country. The request, made by Brazilian Deputy Alfredo Gaspar, awaits a decision by the Parliamentary Commission of Inquiry (CPI) on June 27. If approved, Haddad will be obligated to answer questions before the Brazilian Chamber of Deputies, shedding light on Binance‘s activities in the country, its relationship with B Fintech (its official representative), and any connections with companies facing legal issues for consumer harm. Gaspar has alleged that Binance facilitated pyramid schemes in Brazil through asset transfers,
10 months ago
1 min read
The prices of meme coin BOB experienced a significant drop, reaching as much as 45% on Sunday. The decline followed the suspension of its popular automated Twitter bot, @ExplainThisBob, after Elon Musk, the owner of Twitter, referred to the account as a “scam.” Twitter also suspended another automated bot, @AskTheWassie, which operated similarly to @ExplainThisBob. Musk emphasized that promoting scams disguised as funny or helpful bots would lead to suspension, regardless of payment. The suspension of the @ExplainThisBob account caused BOB prices to plummet from $0.000031 to $0.000016 on Sunday. Traders swiftly responded to Twitter’s actions, resulting in a market
10 months ago
1 min read
In the past week, millions of SHIB tokens were burned as part of community efforts, although the results may not have met expectations. According to Shibburn’s Twitter account, a total of 38,373,239 SHIB tokens were burned in 18 transactions over the last seven days. This figure is significantly lower than the previous week’s burn amount of 282,730,986 SHIB tokens. In the last 24 hours, only 1,073,047 SHIB tokens were burned in two transactions. Despite the decline in SHIB token burns, the SHIB burn rate has witnessed an increase of 281%. This surge indicates that more tokens are being burned compared
11 months ago
1 min read
Colombia’s central bank, Banco de la República, has joined forces with Ripple and the Ministry for Information and Communications Technologies (MinTIC) to implement Ripple’s CBDC platform. This strategic collaboration aims to leverage blockchain technology to enhance Colombia’s high-value payments system as part of MinTIC’s third phase of blockchain experimentation under the guidance of the Directorate of Digital Government. By adopting Ripple’s CBDC platform, Banco de la República aims to evaluate potential efficiencies and enhance processes within the entity. The technological solution developed through this partnership will allow simulations of different use cases in the high-value payment system. Minister Mauricio Lizcano
11 months ago
2 mins read
The recent legal actions taken by the U.S. Securities and Exchange Commission (SEC) against major cryptocurrency exchanges Binance and Coinbase have sent shockwaves throughout the crypto market. As a result, the value of Binance’s Secure Asset Fund for Users (SAFU), an emergency fund designed to safeguard user assets, has experienced a significant decline. Binance’s SAFU Takes a Hit The SEC’s lawsuits against Binance and Coinbase triggered a market-wide sell-off, causing Binance’s SAFU to diminish in value. Initially valued at approximately $950 million at the beginning of June, the fund’s assets have dropped to around $861 million, representing a 10% decline.
11 months ago
2 mins read
Renowned rapper and actor Snoop Dogg, also known as Calvin Broadus, is making waves in the Web3 space with the release of new NFTs. The Snoop Dogg Passport series offers a unique collectible experience that evolves as the artist embarks on his summer tour. In addition, Snoop Dogg is introducing Snoop Selects, a curated collection of digital artwork exclusively available to NFT holders. Snoop Dogg Passport Series The Snoop Dogg Passport series, developed in collaboration with Web3 platform Transient Labs and talent agency WME, provides NFT holders with exclusive VIP perks and behind-the-scenes footage. This innovative concept allows fans to
11 months ago
2 mins read
The European Consumer Organization (BEUC) has published a comprehensive report condemning popular social media platforms such as Instagram, TikTok, Twitter, and YouTube for their alleged role in facilitating scams related to digital assets. The report sheds light on the risks associated with cryptocurrencies and the influence of crypto influencers while criticizing the loose policies maintained by these platforms that allow scammers to exploit unsuspecting users, especially teenagers. The BEUC calls on the European network of national consumer authorities (CPC-Network) to enforce stricter advertising regulations and ensure adequate consumer protection. The BEUC report emphasizes the need for the CPC-Network to take
11 months ago
2 mins read
Recent allegations of insider trading against Coinbase CEO Brian Armstrong have sparked concerns within the investment community and industry experts. Armstrong sold over $1.7 million worth of Coinbase shares just days before the Securities and Exchange Commission (SEC) initiated enforcement action against the company. According to a Form 4 filed with the Securities and Exchange Commission, Coinbase CEO Brian Armstrong sold a substantial 29,730 shares of the company’s Class A Common Stock on June 5, 2023. The sale, conducted in eight separate transactions, took place at an average price of $60.3 per share, resulting in a total of over $1.7
11 months ago
2 mins read
Binance crypto exchange is facing further scrutiny as two U.S. senators call for an investigation into the company’s alleged false statements made to lawmakers. According to a report by Bloomberg, Senators Elizabeth Warren and Chris Van Hollen have sent a letter to U.S. Attorney General Merrick Garland, urging the Department of Justice (DOJ) to look into Binance’s business practices. The senators’ letter suggests that Binance may have provided misleading information to lawmakers, including false claims about its affiliate, Binance.US, being a separate entity. The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Binance and its CEO, Changpeng
11 months ago
2 mins read
Popular brokerage firm Robinhood is reassessing its cryptocurrency offerings in response to recent regulatory actions taken by the Securities and Exchange Commission (SEC) against prominent digital asset trading platforms. The firm’s legal chief, Dan Gallagher, revealed during a congressional meeting that Robinhood is reviewing the SEC’s analysis to determine any necessary actions. This development comes as the SEC filed lawsuits against both Binance and Coinbase, targeting their alleged violations of securities regulations. Limited Crypto Offerings and SEC Classification: Robinhood currently provides access to a curated selection of 18 cryptocurrencies, a smaller offering compared to competitors like Coinbase. However, some of
11 months ago
1 min read
US Senator Elizabeth Warren has raised concerns about the role of cryptocurrencies in facilitating various forms of crime and illicit financial activity. According to Warren, “rogue nations,” oligarchs, and drug dealers are utilizing digital assets to fund their criminal enterprises. To tackle this issue, she has proposed a bill aimed at addressing the illegal use of cryptocurrencies. As a long-time critic of cryptocurrencies, Senator Warren asserts that the technology is being exploited by criminals for money laundering, evading sanctions, and financing terrorism. She believes that this poses a significant problem that requires a solution. Warren emphasizes the need to close
