Mayowa Adenle
I am a crypto analyst. I am responsible for analyzing and predicting trends, pricing, demand, and trading volumes of any number of cryptocurrencies currently available.
Articles by Mayowa Adenle
2 years ago
1 min read
Shiba Eternity, a trading card game that allows players to “fight without violence” with Shiboshis, was released earlier this month by the community behind the meme-inspired cryptocurrency Shiba Inu ($SHIB). Over 11,000 users have reviewed the game on the Google Play store, giving it an overall rating of 4.6 out of 5. The app store for Apple currently rates the game 4.8 out of 5. In Shiba Eternity, players compete to drain the strength of their rivals’ Shiboshis, virtual canine warriors, by selecting different cards each turn. After being tested in Vietnam in August, the game was first made available in
2 years ago
2 mins read
According to reports, the SEC is investigating whether some NFTs from Yuga Labs might be “more akin to stocks.” The sources notes that the SEC’s investigation into Yuga Labs is actually a part of a larger probe into the non-fungible token (NFT) market, which was first made public in March. In addition, a report from Bloomberg on October 11 says that the SEC is looking into Yuga Labs to determine whether certain NFTs are “more akin to stocks” and whether the sale of specific digital assets is in violation of the law. On top of that, some claim that the
2 years ago
1 min read
The Solana NFT platform Metaplex (MPLX) saw a significant drop in the value of its native token. This comes after the announcement of a second airdrop. The Metaplex Token ($MPLX) is the governance and utility token for the Metaplex Protocol, which serves as the backbone of the Solana NFT ecosystem, and has been $0.35 on average over the previous two weeks. But it is now $0.12. This project’s announcement of a second token airdrop coincided with the 60% decline. In order to reward creators who made use of the project’s tools to publish their NFT collections on Solana, the Metaplex Foundation
2 years ago
1 min read
A message verification flaw in the BSC bridge was exploited by the attacker to transfer 2 million BNB, or about $590 million, into the Venus protocol. Shortly after an attacker drained 2 million BNB from the cross-chain bridge, the BNB Smart Chain resumed its operations. After a hacker moved about 2 million BNB, or about $590 million, to a Tether-blacklisted wallet on October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain. BNB chain validators shut down native cross-chain communication as they upgraded their nodes. The upgrade’s goal was to prevent the hacker from doing more
2 years ago
1 min read
Yuga Labs, the team behind the famous Bored Ape Yacht Club NFT collection, introduced its new “community council” as the newest community initiative for their projects. The council, which was established by seven appointed BAYC holders, has received mixed reviews in its early years. A Yuga Labs blog post that includes a profile of each of the seven council members broke the news to the public. The list includes a range of Bored Ape owners engaged in web3 marketing, community building, and other activities. In the statement, the team said, “We see the community council as a critical part in
2 years ago
1 min read
Yoo Mo, the director of business and general affairs at Terraform Lab, is detained by the crime unit of Seoul’s Southern District Prosecutor’s Office. The reports were published by Naver, a South Korean magazine. The incident results in the initial Terra employee’s being detained as part of the ongoing Terra-LUNA investigation. The person was the target of a bench warrant issued by South Korean authorities on Wednesday. At Terraform Labs, Yoo is regarded as Do Kwon’s principal assistant. Yoo was accused by the authorities of breaking the Capital Market Act, betraying his trust, and engaging in fraud. According to the
2 years ago
1 min read
McDonald’s began started to accept Bitcoin (BTC) as a form of payment in the city of Lugano, which is a hub for cryptocurrency adoption in Western Europe and is located in the Italian-speaking area of Switzerland. On October 3, Bitcoin Magazine posted a one-minute video to Twitter showcasing the ordering of food at a McDonald’s digital kiosk and the payment of that item using a mobile app at the store’s checkout counter. It is not surprising to see the Tether (USDT) logo next to the Bitcoin symbol on the credit cash machine because the city of Lugano said in March
2 years ago
1 min read
The Latin Recording Academy negotiated a three-year deal for award show-related non-fungible tokens (NFTs) and will showcase its first-ever NFT collection at this year’s 64th Latin Grammy Awards. Drops featuring Latin music will be included in each collection, which will precede the awards show for that year. This is a fresh musical innovation, says Manuel Abud, CEO of the Latin Recording Academy, and a chance for fans to “own a piece of the Latin GRAMMYs:” In the months preceding to the award ceremony on November 18, the Latin Grammy Awards NFTs will be revealed. You should know that the first
2 years ago
2 mins read
A peer-to-peer cryptocurrency exchange has been developed by the developers of the Telegram Wallet Bot, which enables Telegram users to buy digital assets using bank cards, trade them, and send them to other wallets. Toncoin (TON) purchases and transfers within Telegram chat conversations now are possible thanks to the Wallet Bot, which has been released in April. With the most recent version, users will be capable of buying and selling cryptocurrencies via the Telegram app, with the exchange services functioning as guarantors for each transaction. The service will conduct a dispute resolution procedure in any scenario in which there is
2 years ago
2 mins read
The Lightning Network, the layer-2 payments system for Bitcoin (BTC), is still thriving in spite of macroeconomic headwinds and sluggish price action. The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network’s development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide. The amount of available liquidity grows as network capacity increases. Users may thus enjoy quick payment processing times and possibly higher transaction volumes. The Lighting Network, which was initially introduced in 2018, has recently faced criticism. Influential
2 years ago
2 mins read
As part of its global law enforcement training program, the cryptocurrency exchange Binance has entered an agreement with the Financial Monitoring Agency of the Republic of Kazakhstan. The conference, which is attended by executives of international regulatory and law enforcement agencies, aims to improve industry collaboration with local, state, and federal law enforcement in the fight against financial crime and cybercrime. The program also aims to locate and ban digital assets that have been illegally acquired and were being utilized to finance terrorism and money laundering. As one of the top countries for mining Bitcoin (BTC), Kazakhstan has started developing
2 years ago
1 min read
Cryptocurrencies are becoming a significant part of an investor’s portfolio, and there are several reasons why trade cryptocurrency: 1. Market hours for cryptocurrencies Due to the lack of centralized market administration, the cryptocurrency market is typically open for trading every day of the week, all year round. 2. Better liquidity A cryptocurrency’s liquidity is determined by how quickly and easily it can be exchanged for cash without affecting its market value. Because it results in better pricing, quicker transaction times, and more technical analysis accuracy, liquidity is significant. 3. Exposure with leverage As a leveraged product, crypto derivatives and leverage
