Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Will Trust Wallet Token (TWT) hit $5 in 2024?

November 8, 2023 1 min read

Trust Wallet Token (TWT), the native crypto of Trust Wallet, has been on an impressive growth trajectory recently. As it gains popularity and adoption, investors and enthusiasts are left wondering: can TWT reach $5 in value by 2024? Factors that Could Drive TWT’s Growth: Challenges and Risks: Despite the promising outlook, there are certain challenges and risks to consider: Trust Wallet Token (TWT) has shown promise, but its path to

FTX Considers Liquidating $744 Million in Grayscale and Bitwise Holdings

November 6, 2023 2 mins read

The bankrupt crypto exchange FTX, along with its debtors, has submitted a request to the U.S. bankruptcy court in Delaware. They are seeking approval to sell trust assets that include funds from Grayscale and Bitwise, valued at an estimated $744 million. The sale is proposed to be carried out with the assistance of an investment adviser, as outlined in a court filing made on Friday. According to the filing, the

Shiba Inu (SHIB) trading volume exceeds $37 million in the past 24 hours on Binance

November 2, 2023 1 min read

Shiba Inu (SHIB) meme coin is on an upward trajectory, posting a 2.88% gain and reaching around $0.000007885, as per CoinMarketCap data. A notable factor fueling this sustained positive momentum is a 22% spike in SHIB trading volume on the leading exchange, Binance. Binance exchange witnessed SHIB trading volumes exceeding $37 million in the past 24 hours. Being one of the most liquid exchanges globally, this surge shows a robust

Circle to Cease Consumer Account Support in Strategic Move

November 1, 2023 1 min read

USDC Stablecoin issuer Circle has announced its decision to discontinue support for consumer accounts. According to a statement released, Circle consumer accounts will no longer be supported as part of the company’s strategic review. The discontinuation of wiring and mining functionalities will take effect, and all consumer accounts will be closed on November 30, 2023. While the statement did not delve into specific details about the motivations behind this move,

Floki Inu (FLOKI) Soars 105% in One Week, Reaches Five-Month High

October 27, 2023 1 min read

Floki Inu (FLOKI), the meme coin that is making waves in the crypto world, is grabbing everyone’s attention with its remarkable performance and instigative updates. It has lately hit a five-month high, trading at $0.00004074, which is a 24% increase in the last 24 hours. Indeed, more astonishing is its inconceivable 105% swell in just one week. What is indeed more instigative is the substantial increase in Floki’s trading volume,

Ark Invest Unloads Coinbase and Grayscale Bitcoin Trust (GBTC) Holdings Amid Bitcoin Surge

October 24, 2023 1 min read

Cathie Wood’s Ark Invest recently made some moves in the crypto space, selling a portion of its shares in Coinbase and the Grayscale Bitcoin Trust (GBTC). On Monday, Ark Invest sold 42,613 shares of Coinbase and 100,739 shares of GBTC. The sales were worth approximately $5.8 million, based on the closing prices of Coinbase and GBTC on that day. This decision to offload shares came amidst a positive surge in

Bitcoin Breaks $30,000 After Rollercoaster Ride

October 20, 2023 1 min read

Bitcoin surged past the $30,000 mark on CoinMarketCap. This comes after the surge that was triggered by some misleading news reports that claimed the U.S. Securities and Exchange Commission (SEC) had given the green light to BlackRock’s iShares Bitcoin exchange-traded fund (ETF) application. BlackRock promptly set the record straight, stating that their ETF application was still under review. That’s when reality hit, and Bitcoin’s price took a tumble, dropping below

Binance Announces the Support of the Klaytn (KLAY) Network Upgrade & Hard Fork

October 13, 2023 1 min read

Binance has announced its support for the upcoming Klaytn (KLAY) network upgrade and hard fork. The upgrade is scheduled to take place at block height 135,456,000, which is expected to happen at around 01:00 (UTC) on October 16, 2023. As part of the upgrade process, Binance said that deposits and withdrawals of tokens on the Klaytn network will be temporarily suspended, starting at around 00:00 (UTC) on October 16, 2023.

FTX Takes Action Against Executive Who Exposed Alameda’s Hidden Backdoor

October 6, 2023 1 min read

Former Chief Risk Officer Julie Schoening, previously employed at LedgerX, an FTX-owned entity, faced termination shortly after raising concerns about the preferential treatment given to FTX’s affiliated trading firm, Alameda Research. This revelation has emerged from sources cited by the Wall Street Journal. In May 2022, Schoening’s team unearthed code that indicated Alameda was enjoying distinct advantages, including the ability to maintain a negative balance of up to $65 billion.

Solana Foundation Reports 30% of Staked Tokens Flowing Through Jito Labs Client

October 4, 2023 1 min read

The Solana Foundation has highlighted significant progress in its network’s decentralization efforts. In their latest validator health report, they noted that over 31% of the total stake is now running through the Jito Labs client, a substantial increase since March 2023. This development signifies that the Solana network has successfully transitioned into a “multi-client network,” demonstrating its resilience and maturity. The foundation also proudly announced that the Solana network has

Shiba Inu Burned Over 2.3B SHIB Tokens In September

October 2, 2023 1 min read

Shibburn data revealed a significant reduction in the circulation of Shiba Inu tokens during September. Over 2.3 billion SHIB tokens, equivalent to $17,173, were permanently removed from circulation last month. While this figure is lower than in August, when 5.7 billion SHIB tokens (worth $45,899) were burned, it still signifies a notable reduction. Over the past 24 hours, SHIB has experienced a 3% price increase, accompanied by a surge in

Solana (SOL) Breaks Out

October 1, 2023 1 min read

Solana (SOL) is grabbing attention as it broke out of its latest price. In the latest price analysis, one SOL token is currently trading at around $22.80. This development is capturing the interest of traders and investors, especially those closely monitoring the SOL/ETH trading pair. The significance of this potential breakout cannot be overstated. It holds two-fold importance for the cryptocurrency community. Firstly, it signals an uptick in Solana’s volatility,