Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Bitcoin (BTC) surges for the 7th consecutive day, currently trading above the $48K mark

February 12, 2024 1 min read

Bitcoin is getting close to reaching the much-awaited $50K milestone as investor interest in the recently introduced Bitcoin ETFs rises. A recent report from a senior Bloomberg analyst claims that Bitcoin is rising steadily and has been increasing every day for the past seven days. In recent days, inflows into Bitcoin ETFs have increased sharply, emulating the initial days of the ETF’s introduction. ETF inflows hit over $400 million in

Standard Chartered predicts SEC’s approval of Ethereum ETFs by May 23

January 31, 2024 1 min read

Standard Chartered Bank’s Head of Forex and Digital Assets Research predicts that the US SEC will approve Ethereum exchange-traded funds (ETFs) by May 23. Drawing parallels with the SEC’s approach to Bitcoin ETFs, where initial rejections were followed, Geoffrey Kendrick, the expert behind the forecast, believes Ethereum’s price will rise to $4,000 following the ETF approval. This optimism comes from Ethereum’s unique classification by the SEC, which avoids the security

Justin Sun’s HTX (formerly Huobi) turns off proof-of-reserves as TUSD struggles

January 29, 2024 1 min read

Crypto exchange HTX, formerly Huobi, has raised concerns after abruptly disabling its proof-of-reserves system, according to Adam Cochran, managing partner at Cinneamhain Ventures. This unexpected move coincides with TrueUSD (TUSD), which is alleged to be owned by HTX stakeholder Justin Sun, struggling to maintain its $1 peg for more than two weeks. Earlier today, attempts to access HTX’s proof-of-reserves page revealed a complete lack of information about the exchange’s cryptocurrency

Bitcoin Drops Below $40,000 Level as Bears Continue Domination

January 23, 2024 1 min read

According to recent data from Crypto Quant, as of January 19th, issuers of spot Bitcoin ETFs collectively held over 638,000 bitcoins, equivalent to an estimated $28 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) is the top Bitcoin ETF issuer, with 566,973 BTC. Following closely behind is BlackRock’s iShares spot ETF, which trades under the ticker symbol IBIT and holds 28,662 BTC. In an unexpected move, Grayscale Investments, the company

Whale moves over 443.1 million XRP, worth $254.8 million, sparking community speculation

January 17, 2024 1 min read

XRP has once again taken center stage with a significant transfer of 443.1 million XRP, worth $254.8 million at the current price of $0.573 per XRP. This transaction, which occurred just over an hour ago, has piqued the interest of the crypto community, resulting in widespread speculation. This latest transfer follows a much larger transaction on Sunday that involved nearly $15 billion in XRP, or approximately 25.6 billion tokens. This

BlackRock targets rich baby boomers with simple and clear Bitcoin ETF ads

January 16, 2024 1 min read

BlackRock is making waves in the rapidly expanding market for Bitcoin Exchange-Traded Funds (ETFs) with its understated and straightforward advertising strategy. The company recently launched the iShares Bitcoin Trust ETF (IBIT) and chose a unique approach that stands out among its competitors’ flashy and complex campaigns. Unlike the typical high-energy and visually intricate Bitcoin advertisements, BlackRock’s promotional video is calm and straightforward. A BlackRock executive explains Bitcoin and the newly

X (Twitter) Deactivates NFT Profile Images Feature for Users

January 11, 2024 1 min read

In an unexpected move, Twitter, dubbed the “X” of the online world, has disabled support for non-fungible tokens (NFTs) in its premium membership section. Premium subscribers initially had the unique ability to showcase their NFT holdings through personalized profile pictures, adorned with a distinct hexadecimal profile photo. Users could seamlessly feature an NFT as their profile image after establishing a temporary link to their cryptocurrency wallets. When finished, the digital

Binance US names Lesley O’Neill as Chief Compliance Officer amid increased SEC attention

January 9, 2024 1 min read

Binance US is taking proactive steps to strengthen its compliance efforts in the face of increased scrutiny from regulatory bodies such as the SEC. Binance US has appointed Lesley O’Neill as Chief Compliance Officer in response to increased scrutiny and an evolving regulatory landscape. O’Neill’s role will be critical in managing legal affairs and improving the crypto exchange’s overall compliance framework. O’Neill brings a wealth of experience to her new

The crypto market witnesses over $135 million in liquidated short positions yesterday

January 3, 2024 1 min read

Recent optimism about the potential approval of U.S.-based spot bitcoin ETFs has fueled a surge in bitcoin’s price, which briefly surpassed $45,500 in the last 24 hours. Significant liquidations occurred in the market, particularly in short positions, totaling over $135 million across various centralized exchanges. Over $82 million in Bitcoin positions were liquidated on centralized exchanges, with around $74 million being short positions. In the crypto market, liquidations occur when

Over $190 million worth of XRP dumped in December by Ripple

December 27, 2023 1 min read

Ripple, a major crypto player and XRP holder, has been actively liquidating its monthly unlocked reserves. The company’s recent sell-offs have piqued investors’ interest, with over $192.2 million in XRP already dumped in December alone. In this article, we will go over Ripple’s liquidation strategy and its potential implications for the XRP market. Ripple had already sold 240 million XRP worth $148.8 million as of December 21. This was 40

Nifty Island Launches $ISLAND Token for Public Access to Social Metaverse Game

December 22, 2023 1 min read

Nifty Island, Nyft Studio’s open social metaverse game platform, has announced plans to launch its native token, $ISLAND. This scarce digital commodity aims to turn Nifty Island into a public good that can be accessed by communities all over the internet. The token distribution event is set to begin on January 17, 2024. In contrast to traditional methods such as minting or pre-sale, $ISLAND tokens will be distributed via a

$1 billion frozen from 3AC founders by the court

December 21, 2023 1 min read

A British Virgin Islands court has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a prominent crypto hedge fund. Teneo, the company in charge of overseeing 3AC’s closure, has confirmed this move. According to Teneo, the founders, Su Zhu, Kyle Davies, and Davies’ wife, Kelly Chen, are now unable to access or transfer their substantial assets. This action comes amid 3AC’s financial difficulties,