Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

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

Kraken Co-founder Critiques FTX Reboot, Calling It a Step Backward

August 2, 2023 1 min read

Days after FTX unveiled a reboot plan, Kraken FX co-founder Jesse Powell raised concerns over the viability of the FTX relaunch, suggesting that it might face challenges worse than starting from scratch. The troubled crypto exchange recently revealed a new strategy to relaunch and settle its debts, but doubts persist about the success of this plan. Powell’s skepticism stems from the existing hurdles that FTX faces. The tarnished reputation of

OKX Exchange Announces Delisting of 10 Altcoin Trading Pairs to Enhance Trading Environment

August 2, 2023 1 min read

OKX cryptocurrency exchange has recently revealed its decision to delist 10 spot trading pairs. This move comes as part of the exchange’s commitment to fostering a robust trading ecosystem and ensuring strict compliance with listing standards. The delisting process follows a comprehensive evaluation of listing attributes and user feedback, in accordance with OKX’s Token Delisting / Hiding Guide. The trading pairs that are set to be delisted include TRUE/USDT, LOON/USDT,

Bitcoin Surges to Near $30K as MicroStrategy Reveals Stock Sale, BTC Purchase Strategy

August 2, 2023 1 min read

Bitcoin (BTC) showcased a robust surge to reach one-week highs in the $29,700s on Tuesday, driven by the announcement from US software company MicroStrategy regarding its intention to significantly increase its BTC holdings. MicroStrategy unveiled its plans through a filing with the US Securities and Exchange Commission (SEC), indicating its intention to sell up to $750 million worth of stock, with a portion of the proceeds earmarked for additional bitcoin