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
12 months ago
2 mins read
Pouch.ph, a bitcoin payment firm, has announced its initiative to empower more than 400 small businesses in the Philippines by enabling them to accept and process Bitcoin payments. Leveraging the Lightning Network, Pouch.ph aims to provide faster, cost-effective, and user-friendly digital payment solutions for merchants ranging from mom-and-pop stores to boutique hotels. By utilizing the Lightning Network on top of Bitcoin, Pouch.ph facilitates seamless digital payments. Customers can simply scan a merchant’s QR code with any Bitcoin wallet to initiate the payment process. Pouch.ph then converts the bitcoin into pesos and transfers the funds directly to the merchant’s bank or
12 months ago
1 min read
The cryptocurrency market experienced a downturn on Monday following the news of the U.S. Securities and Exchange Commission (SEC) charging Binance, the largest global crypto exchange, with multiple allegations. Bitcoin and Ether, the two leading cryptocurrencies, saw a decline of up to 2.5% and 2% respectively, while Binance’s native token BNB dropped by as much as 7% immediately after the lawsuit announcement. According to court documents released on Monday, the SEC accuses Binance of misusing consumer funds and engaging in unauthorized security sales. The agency claims that Binance’s BNB token and its stablecoin BUSD, which experienced a brief depegging on
12 months ago
1 min read
Terra Classic (LUNC), the original chain of the Terra (LUNA) ecosystem, has witnessed a substantial surge in value, offering a glimmer of hope in a period dominated by bearish sentiment. This article explores the recent surge in LUNC’s price and the initiatives undertaken by the LUNC community to enhance the network’s utility. Additionally, it delves into the upcoming v2.1.0 upgrade proposal, which has garnered significant attention and is expected to further strengthen the Terra Classic blockchain. Key Points:
12 months ago
1 min read
Rosbank, a major Russian bank, has launched a new service that allows corporate and private clients to make cross-border payments using cryptocurrency. The service is being provided in partnership with B-crypto, a Russian fintech company. To use the service, clients must first open an account with Rosbank and then complete a KYC verification process. Once the verification process is complete, clients can deposit fiat currency into their Rosbank account and then use that money to purchase cryptocurrency. B-crypto will then handle the cryptocurrency purchase and transfer the funds to the recipient’s account. The launch of this new service is significant
12 months ago
1 min read
Binance, the world’s largest cryptocurrency exchange, has lost a quarter of its market share since February. The decline comes amid regulatory crackdowns in the United States and the end of free trading promotions. In February, Binance was barred from issuing its BUSD stablecoin in New York. BUSD accounted for about 40% of Binance’s monthly trading volume at the time. In March, the Commodity Futures Trading Commission (CFTC) sued Binance for operating an unregistered trading desk. Binance also ended a free trading promotion in March that had led to a surge in trading volume. “Once those ended, trading volume naturally went
12 months ago
1 min read
Japan’s All Nippon Airways (ANA) has launched an NFT platform called ANA GranWhale NFT MarketPlace to trade art and photograph collectibles. The platform is operated by ANA’s metaverse subsidiary, ANA NEO. The first NFT products on the platform feature works by aviation photographer Luke Ozawa. More collections, including those featuring Boeing 787 aircraft, will be available starting June 7. Artists and creators will be able to sell their works as NFTs on the marketplace. Certain NFTs will also be up for trading. “Through this initiative, we aim to unlock the potential of NFTs in the aviation industry, bringing together the
12 months ago
2 mins read
US Senator Elizabeth Warren has called for regulation of cryptocurrency in order to combat money laundering. In a congressional hearing on Wednesday, Warren said that cryptocurrency is being used by drug traffickers and other criminals to move money around the world anonymously. Warren cited a recent report by the Drug Enforcement Administration (DEA) that found that cryptocurrency is being increasingly used to facilitate fentanyl trafficking. The report found that drug traffickers are using cryptocurrency to purchase fentanyl from overseas suppliers and distribute it domestically. Warren argued that cryptocurrency is a “major enabler” of money laundering because it allows criminals to
12 months ago
2 mins read
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, is preparing to argue that he relied on the advice of Silicon Valley law firm Fenwick & West in his defense against fraud charges. On Tuesday, Bankman-Fried’s lawyers requested that prosecutors turn over documents that were provided to the government by the California-based firm between 2017 and 2022, according to a report by Bloomberg. Bankman-Fried’s defense team reportedly claimed the legal advice by Fenwick & West is “material to preparing a defense.” If the government does not comply with the request, the lawyers are seeking permission to subpoena the firm. The
12 months ago
1 min read
The Venezuelan government’s decision to block the Petro blockchain has undermined trust in the cryptocurrency, according to experts. The Petro was launched in 2018 as a way to raise funds to finance the country’s struggling economy. However, the cryptocurrency has been plagued by controversy ever since. In recent days, the Petro blockchain has been shut down twice, without warning. This has led to concerns about the security and reliability of the cryptocurrency. “The Petro is not a real cryptocurrency,” said John Smith, a cryptocurrency expert. “It is a centralized digital currency that is controlled by the Venezuelan government. The blockchain
12 months ago
1 min read
The price of PAW token has surged by 40% in the past seven days, according to CoinMarketCap. The token is currently trading at $0.00000001976. PAW token is the native token of the PawSwap decentralized exchange (DEX) and Paw Chain blockchain. The DEX is expected to launch in late 2023 or early 2024. Ryboshi Nakamura, a Discord admin for the PawSwap community, believes that the recent price surge is due to the staking mechanism for PAW tokens. The staking mechanism was launched at the end of April, and more than 200 trillion PAW tokens were locked in the staking contract within
12 months ago
2 mins read
In a recent video, Cardano founder Charles Hoskinson shared his vision for the future of the blockchain platform, claiming that it could climb to the top of the cryptocurrencies list soon. Hoskinson attributed his optimism to a number of factors, including the upcoming release of a number of major updates and proposals, as well as the platform’s ongoing efforts to measure and quantify decentralization. One of the most significant updates is the CIP-1694 proposal, which aims to revolutionize Cardano’s on-chain governance infrastructure and turn the network into a truly decentralized government. The proposal is set to be integrated into the
12 months ago
1 min read
Ubisoft and Reddit have partnered to give away free Rabbids NFT avatars to Reddit users. The avatars are available in a variety of designs, including a grumpy knight with a plunger and a smiling unicorn rabbit with a golden plunger. The Rabbids NFT avatars are part of Reddit’s “Snooverse” initiative, which aims to create a metaverse for Reddit users. The initiative also includes the launch of a new marketplace where users can buy, sell, and trade NFTs. The Rabbids NFT avatars are available for free to Reddit users who have an active Reddit account and a Polygon wallet. To claim
