Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Mo Shaikh steps down as CEO of Aptos Labs

22 hours ago 1 min read

Mo Shaikh, co-founder and outgoing CEO of Aptos Labs, has stepped down, marking an important change for the blockchain company he started three years ago with Avery Ching. Shaikh, active in the blockchain sector since 2016, shared his pride in Aptos’ achievements in a sincere message on X. Aptos has grown into a strong ecosystem with more than a thousand builders and innovators from around the world under his leadership.

Scammers impersonate Ledger in a phishing scam

December 19, 2024 1 min read

Ledger users are dealing with a clever phishing scam that takes advantage of the busy holiday season online. Scammers are pretending to be official Ledger messages to steal users’ recovery phrases, which are important for accessing crypto wallets. A phishing campaign, noted by Bleeping Computer, starts with emails called “Security Alert: Data Breach May Expose Your Recovery Phrase.” These messages wrongly say that a data breach has put users’ recovery

Mt. Gox moves over $172 million in BTC to new wallet addresses

December 17, 2024 1 min read

Mt. Gox, the bankrupt crypto exchange, has recently been in the news for moving about 1,620 Bitcoin to new, unknown addresses, worth over $172.5 million. This transfer happened when Bitcoin’s price was about $107,380, after reaching a high of $107,822, but it didn’t cause a big market reaction like earlier transactions by the exchange. Bitcoin whales that were inactive have started to get back into the market, according to Arkham

Bitget plans a Lithuanian hub to meet EU crypto rules under MiCA

December 15, 2024 1 min read

Bitget is considering Lithuania as the potential location for a new European regional hub to align with the EU’s Markets in Crypto Assets (MiCA) regulations. This initiative reflects the exchange’s broader strategy to strengthen its European presence and adhere to evolving regulatory frameworks. The company is pursuing regulatory approval in 15 countries, adding to its existing licenses in multiple EU nations. Bitget recently entered the UK market and is also

First Abu Dhabi Bank joins with Libre Capital for blockchain-based lending with tokenized RWA as collateral

December 11, 2024 1 min read

First Abu Dhabi Bank (FAB), the biggest bank in the UAE, has partnered with tokenization expert Libre Capital to change collateralized lending by using real-world assets (RWA) in a digital way. This partnership seeks to improve lending by letting approved lenders use tokenized traditional investment assets as collateral for loans backed by stablecoins. The tokens are digital products from well-known financial institutions like Brevan Howard, Hamilton Lane, and BlackRock, combining

Amazon shareholders propose shifting cash reserves to Bitcoin

December 10, 2024 1 min read

Amazon shareholders are advocating for the company to invest a portion of its substantial $88 billion cash reserves in Bitcoin, viewing it as a potential hedge against inflation. This initiative, led by the National Center for Public Policy Research (NCPPR), emphasizes Bitcoin’s historical performance compared to traditional assets like bonds, despite its inherent volatility. The NCPPR argues that the Consumer Price Index (CPI) underrepresents actual inflation, which they estimate to

Arthur Hayes calls for a return to decentralized ICOs

December 4, 2024 1 min read

Arthur Hayes, co-founder of BitMEX, is advocating for a revival of initial coin offerings (ICOs) with a focus on decentralization and retail participation. In his essay, “How to Make ICOs Great Again,” Hayes critiques the growing influence of venture capital (VC) firms and centralized exchanges (CEXs) in the crypto ecosystem, arguing that these entities have sidelined retail investors in favor of institutional interests. Hayes asserts that the crypto movement has strayed from

BitWise seeks SEC approval for a groundbreaking 10 Crypto Index ETF

November 28, 2024 1 min read

BitWise has filed an application with the U.S. Securities and Exchange Commission (SEC) for a groundbreaking ETF that would track its 10 Crypto Index Fund. This fund includes ten major cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. If approved, it would be the most diversified crypto ETF in the U.S. market, reflecting a growing shift toward regulatory acceptance of crypto. Operating since 2018, the

Ripple CEO Brad Garlinghouse credits Trump’s policies for unlocking billions in crypto value

November 18, 2024 1 min read

Ripple CEO Brad Garlinghouse is optimistic about the cryptocurrency industry’s future, citing recent U.S. political developments as catalysts for growth. In a recent interview, he highlighted how pro-business policies, particularly under a potential second Trump presidency, could create opportunities for the sector. Garlinghouse noted significant growth in U.S.-based crypto assets, including Ripple’s XRP, since the election, driven by increased investor confidence and prospects for regulatory reform. He pointed to the

Bitcoin rallies 17% in the last 7 days

November 11, 2024 2 mins read

Donald Trump’s recent victory in the U.S. presidential election ignited a significant surge in the cryptocurrency market, with Bitcoin (BTC) reaching an all-time high and pushing the total market cap of crypto beyond $2.7 trillion. Bitcoin alone now boasts a market cap of $1.16 trillion, making it the ninth-largest financial asset globally. Over the past week, Bitcoin experienced a remarkable 17% increase, marking its second-best weekly performance of the year,

Mt. Gox moves 32,371 Bitcoin worth around $2.19 billion to two wallets

November 6, 2024 1 min read

The once-prominent cryptocurrency exchange Mt. Gox, which has been defunct since a major hack in 2014, has recently transferred a staggering $2.19 billion worth of Bitcoin to two undisclosed wallets. This transfer included over 30,000 Bitcoin sent to one wallet and an additional 2,000 Bitcoin that was first moved to a cold wallet before reaching another destination. This activity follows a previous transfer of 500 Bitcoin valued at over $35

Securitize reaches $1 billion in on-chain issuances

November 3, 2024 1 min read

Securitize has achieved a significant milestone by surpassing $1 billion in on-chain issuances and introducing Securitize Fund Services, a new platform aimed at enhancing the efficiency of fund administration through blockchain technology. This innovative service seeks to eliminate common challenges like slow net asset valuations and cumbersome onboarding processes, ultimately streamlining digital finance operations. The Securitize Fund Services platform tackles persistent issues in fund management by providing a comprehensive solution