Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

BTC Dominance Surge: Bitcoin Rally Anticipated

September 13, 2023 1 min read

Bitcoin (BTC) has returned to its familiar sideways trading pattern after briefly dipping into the lower $25,000 range. However, chart patterns are now hinting at the possibility of the flagship cryptocurrency breaking out of its dominance downtrend, potentially setting the stage for a rally in the decentralized finance (DeFi) sector. Bitcoin dominance plays a pivotal role in the cryptocurrency market’s dynamics. Recently, Bitcoin dominance broke its local downtrend while maintaining

Crypto Investor Falls Victim to $24 Million Phishing Scam

September 7, 2023 1 min read

An individual appears to have suffered a substantial loss of $24 million in cryptocurrencies, and evidence suggests that a phishing attack was the likely cause of this devastating financial blow. The stolen assets, in this case, consist of liquid staking derivatives, specifically 4,851 Rocket Pool ETH (rETH) valued at around $8.5 million, and 9,579 Lido Staked ETH, worth around $15.6 million. This incident now stands as one of the largest

Grayscale’s Legal Win Sparks Bitcoin Surge and ETF Hopes

August 30, 2023 1 min read

Cryptocurrency asset manager Grayscale has achieved a significant legal victory against the U.S. Securities and Exchange Commission (SEC), impacting both Bitcoin (BTC) and the broader market. The recent ruling by the U.S. District of Columbia Court of Appeals in favor of Grayscale has the potential to propel the company closer to securing Bitcoin Spot exchange-traded fund (ETF) status. Grayscale’s legal win against the SEC’s lawsuit is a pivotal moment in

Charles Hoskinson Envisions Cardano as Future’s Leading Crypto

August 27, 2023 1 min read

Input Output (IOHK) CEO Charles Hoskinson is confident that Cardano (ADA) holds the potential to become the foremost cryptocurrency of the future. Speaking at the Rare Evo 2023 event in Denver, Hoskinson shared his conviction that Cardano, currently the eighth-largest digital asset by market cap, will surpass even giants like Bitcoin (BTC) and Ethereum (ETH). He cites the platform’s heightened scalability and interoperability as key factors driving this prediction. In

Bitcoin Price Rises as Whales Bought $300 Million in BTC

August 24, 2023 1 min read

In a week marked by turbulence for crypto enthusiasts, the price of Bitcoin (BTC) has undergone significant fluctuations, briefly dropping to a low of $25,400. This rapid decline can be attributed to a combination of factors. Reduced market activity, compounded by the ongoing upheaval in China’s real estate sector, has contributed to the downward trend. Additionally, reports indicating that Elon Musk’s SpaceX has divested a portion of its Bitcoin holdings

BlockFi Takes on FTX and Three Arrows Capital Over $5 Billion Recovery Dispute

August 24, 2023 1 min read

Bankrupt cryptocurrency lender BlockFi is pushing back against efforts by FTX and Three Arrows Capital (3AC) to claim billions of dollars that changed hands between the companies before their respective collapses last year. In a recent court filing on Monday, BlockFi contested FTX and Three Arrows Capital’s $5 billion claim, alleging that the two entities have unfairly victimized it. BlockFi argued in the filing that the legal doctrine of “unclean

Terra’s Website Hacked! Developers Release Urgent Warning

August 21, 2023 1 min read

A concerning development has shaken the Terra community, as the official website of the platform has fallen victim to a phishing attack. This unauthorized intrusion poses a potential threat to users’ digital assets, urging caution and heightened vigilance within the Terra ecosystem. The official Terra website has been infiltrated and replaced with a malicious phishing site, prompting immediate warnings to the user base. In a stark cautionary measure, Terra users

OPNX Hit with $2.7 Million Penalty by Dubai Authorities Over Market Violation

August 17, 2023 1 min read

The Virtual Asset Regulatory Authority (VARA) of Dubai has imposed a hefty fine of $2.7 million on the cryptocurrency project OPNX, helmed by the creators of the now-defunct digital asset hedge fund Three Arrows Capital (3AC). This stern action follows a previous reprimand issued by VARA in May. While the project’s founders and CEO have settled their fines, VARA has expressed concern over OPNX’s non-payment and is contemplating additional measures

$XRP’s AUM Rockets Up by 127% YTD, Garnering Significant Institutional Attention

August 15, 2023 2 mins read

Cryptocurrency investment products centered around the native token of the XRP Ledger, XRP, have witnessed an impressive surge in assets under management (AUM) by 127% in the current year. A recent milestone marked their sixteenth consecutive week of inflows, with a substantial $500,000 invested in these products. The dynamics behind this growth, including regulatory advancements and evolving market trends, are positioning XRP investment offerings in a promising light. According to

Ethereum (ETH) Price Enters Consolidation Phase with Minimal Volatility

August 13, 2023 1 min read

Ethereum, the second-largest cryptocurrency in terms of market capitalization, has recently exhibited a state of relative neutrality in its price movement. With its current price resting at $1,850, the cryptocurrency has yet to surpass the coveted $2,000 mark, a threshold it reached a mere two weeks ago. Following a partial legal victory for Ripple in its ongoing lawsuit with the SEC, Ethereum’s price momentum experienced a brief and cautious upswing.

Binance Becomes First-Ever Fully-Licensed Crypto Exchange in El Salvador

August 9, 2023 2 mins read

Binance, the leading global cryptocurrency exchange, has secured two crucial licenses in El Salvador, marking its status as the first fully licensed crypto exchange in the country. The announcement comes as El Salvador continues to make waves in the cryptocurrency world by recognizing Bitcoin as a legal tender, a historic step that sets a global precedent. Binance has solidified its position as a trailblazer in the crypto industry by obtaining

Shiba Inu Unveils New Feature: A Potential Shift Away from Meme Exit Coin?

August 4, 2023 1 min read

Shiba Inu, the popular meme coin that garnered attention following the footsteps of Dogecoin (DOGE), is making strategic moves to solidify its position in the ever-evolving cryptocurrency landscape. In a recent development, Shiba Inu announced plans to introduce digital identity services across its upcoming projects, including the highly anticipated Shibarium layer 2 blockchain. This innovative step aims to enhance trust, bolster user engagement, and propel Shiba Inu toward becoming a