Author: Teererai Mukonavanhu

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Teererai Mukonavanhu

I'm a crypto, blockchain, and tech writer. I spend my time researching and writing about cryptocurrency, NFT, AI, and new technology.

Articles by Teererai Mukonavanhu

Bitcoin (BTC) To Reach $90K Soon? Emerging Altcoins to Explode During the Bull Run

3 days ago 1 min read

Bitcoin (BTC) did not rise as projected following its halving. History suggested us BTC will achieve an all-time high shortly after the event, but earlier this year’s all-time pricing may have warped its odds. Bitcoin then lost ground and shivered about $60-$62k. Bitcoin has resumed its surge and is now over $66k. This has analysts wondering what’s next for Bitcoin. In an intriguing article, a crypto writer suggests bulls might drive Bitcoin to $90k, another all-time high in 2024. While Bitcoin may be rising, we believe these cryptocurrencies might have even higher returns. On May 13, all 11 US Bitcoin ETFs saw

Fed maintains current interest rates, citing inflation concerns and a strong job market

3 weeks ago 1 min read

Following its biennial policy meeting, the Federal Reserve maintained interest rates at their current level on Wednesday. This is the sixth instance in which the central bank has paused its rate adjustments since it began increasing rates in March 2022. The Federal Reserve decided to maintain interest rates due to a combination of significant inflation and a stable job market. Authorities expressed their need for more data indicating a consistent and ongoing approach of inflation towards the 2% mark, prior to implementing rate cuts. In a Wednesday press conference, Fed Chairman Jerome Powell said that while short-term inflation projections are

Solana rolls out crucial update to tackle network slowdowns, enhancing validator performance

1 month ago 1 min read

Solana Labs has launched version 1.17.31, a software update specifically developed to resolve congestion problems resulting from spam transactions. The update implements a stake-weighted quality of service (SWQOS) mechanism that gives priority to transactions from validators who have staked their tokens. It allocates 80% of network connections to these validators. Anza strongly encouraged MainnetBeta validators to execute the update whenever their overdue stake falls below 5% and to closely monitor their nodes following the upgrade. Solana Status has officially supported the upgrade for all MainnetBeta validators. Nevertheless, in order to fully reap the advantages of SWQOS, it is crucial for

Ripple moves to sell 100 million XRP tokens on Sunday, following Iran-Israel conflict escalation news

1 month ago 1 min read

Ripple, the company behind XRP tokens, plans to sell 100 million tokens on Sunday in response to the recent escalation of the Iran-Israel conflict and a significant decline in the crypto market. The corporation, which regularly engages in monthly sell-offs, has been exerting a substantial influence on the price of the asset. In April, Ripple released 1 billion XRP and sent 200 million tokens to its Treasury account, designated as ‘Ripple (1)’. Nevertheless, the anticipated decrease in sales for this month was delayed, resulting in 50% of the reserves being withdrawn from the account, which is believed to have a

Ripple’s CEO eyes a $5T crypto market by 2024, banking on regulatory clarity and Bitcoin ETFs

1 month ago 1 min read

Brad Garlinghouse, the CEO of Ripple, forecasts that the cryptocurrency market will reach a value of $5 trillion by 2024. He bases this prediction on the expectation of clear regulations and the introduction of Bitcoin exchange-traded funds (ETFs). The market is anticipated to expand as a result of the Bitcoin halving and the likely introduction of U.S. Bitcoin exchange-traded funds (ETFs). Garlinghouse thinks that well-defined legislation regarding crypto in the United States will foster stability and entice investment. The imminent halving of Bitcoin and the expected introduction of U.S. Bitcoin ETFs are regarded as important factors for market expansion, historically

Solana (SOL) has had a 6.25% surge in value over the last three days

2 months ago 1 min read

The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210. Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum. The price is presently above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price maintains its upward trajectory, there is a possibility that it may surpass its

This Bitcoin whale moves $6 billion in BTC

2 months ago 1 min read

A Bitcoin whale has transferred more than $6 billion worth of BTC to three newly created addresses, arousing interest among the crypto community. The transaction, first reported by the blockchain research site Arkham Intelligence, consisted of $5.03 billion worth of BTC being sent to one address (bc1q8yj), followed by $561.46 million and $488.40 million for the other two addresses (bc1q6m5 and bc1q592). The wallet responsible for transferring the $6 billion worth of BTC was ranked as the sixth wealthiest Bitcoin address, with over 94,500 BTC. The transaction did not involve exchanging funds between wallets that are connected to each other,

They US SEC delays Grayscale Ethereum ETF decision again, now aiming for May 2024

2 months ago 1 min read

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale’s Ethereum futures ETF, setting a new deadline of May 30, 2024. The delay is to allow more time for thorough consideration of the proposal and related concerns. Bloomberg’s ETF analyst James Seyffart predicted this delay recently. This suggests that Grayscale’s strategy is more sophisticated than it appears. Seyffart believes Grayscale is using the delay strategically to challenge the SEC’s stance and push for the approval of a spot Ethereum ETF. This is not the first time the US SEC has extended its review of Grayscale’s Ethereum futures

ARK Invest’s Cathie Wood says Bitcoin will exceed $1M before 2030 amid ETF surge

2 months ago 1 min read

Cathie Wood of ARK Invest has revised her prediction that the price of Bitcoin will exceed $1 million by 2030, citing the introduction of spot ETFs in the US and the increase in its value. Furthermore, Wood maintains that the advent of spot ETFs has had a substantial impact on the potential of Bitcoin, prompting her to reassert her confidence in its forthcoming expansion. Note that the approval of spot ETFs by the SEC is considered a turning point that accelerates ARK’s projections. Additionally, Wood notes that major financial institutions have not yet begun trading Bitcoin, which implies that the

DOGE, SHIB, PEPE, FLOKI, and BONK see over $50M in short positions liquidated in the past 24 hours

3 months ago 1 min read

Meme coins, such as Pepe (PEPE), have seen a significant price increase, with shorts losing a cumulative $50 million in the past 24 hours. According to data from Coinglass, bets against Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki (FLOKI), and Bonk (BONK) saw over $50 million in liquidations in the past 24 hours. This contributed to the price surge among these tokens. Meme coins started to come into focus last week as proxy bets on the growth of whichever blockchains these tokens are based on. Especially Ethereum-based DOGE, SHIB, PEPE, and FLOKI have captured most of the meme trading

Shido token drops by 90% as exploiter drains Ethereum staking contract

3 months ago 1 min read

A layer 1 blockchain Shido token experienced over 90% drop in just 30 minutes after an exploit, according to blockchain security firm PeckShield. Furthermore, the attacker transferred the Ethereum staking contract to another address and upgraded it with a hidden function to withdraw staked tokens. The blockchain security and data analytics company, PeckShield, reported that the hacker had withdrawn over 4.3 billion Shido tokens, nearly half of the nearly 9 billion circulating token supply. It is reported that the hacker funded the attack using multiple bridges but couldn’t further track the pilfered funds.

Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues

3 months ago 1 min read

On February 28 2024, the market value of Bitcoin (BTC) had risen to $1.2 trillion, up 6.5% in the last 24 hours, and the price had soared above $61,000. This comes as the combined trading volumes of almost $3 billion propelled the price increase on Tuesday, and several traders pointed to the bitcoin halving event as a fresh narrative that caused a rally before the halves. Since the early hours , over $40 million worth of future bets on lower Bitcoin prices have been liquidated, which could have contributed to the price increase. Since then major tokens such as XRP,