Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

MicroStrategy plans to repay $1.05 billion in debt early

January 25, 2025 1 min read

MicroStrategy, a company recognized for its investments in Bitcoin and business analytics software, has announced a plan to repay $1.05 billion in debt early. This debt was acquired through “convertible notes,” which are loans that investors can convert into company shares under specific conditions. The company intends to fully repay these loans by February 24, 2025, a process known as “redemption.” Investors have two options: they can either receive their

Coinbase users slam the exchange over 14-hour Solana transaction delays

January 23, 2025 2 mins read

Coinbase is facing criticism due to long delays in processing Solana (SOL) transactions, with some users waiting over 14 hours. This has raised concerns about the exchange’s liquidity and operational methods. Many users suspect that Coinbase may be staking their SOL without permission, leading to delays when large withdrawals require unstaking. Users have reported frustrating experiences, with some transactions pending for more than a day. An investigative journalist shared that

BTC has pulls back to $100K as Melania Trump launched her own memecoin

January 20, 2025 1 min read

Bitcoin (BTC) faced losses during Monday’s morning trading in Asia, dropping 4.5% to briefly fall below $100,000. Other cryptocurrencies like ETH, XRP, SOL, and BNB experienced even larger declines, with ADA and DOGE losing over 10%, according to CoinMarketCap. The recent trading frenzy was sparked by two new memecoins: TRUMP and MELANIA. TRUMP, linked to President-elect Donald Trump, saw a significant drop of 30% to $49 after its launch on

Solana’s TVL Hits $10B

January 20, 2025 1 min read

Donald Trump’s official memecoin has sparked significant interest in Solana (SOL), resulting in a notable increase in its price and trading volume. Following the announcement, SOL’s value surged over 23%, reaching a new all-time high. The total dollar value locked (TVL) on the Solana network has also risen, surpassing $12 billion, marking a significant recovery since the FTX collapse. The value locked in SOL has been steadily increasing, recently exceeding

VanEck files with the SEC to launch its “On-chain Economy” ETF

January 17, 2025 1 min read

VanEck has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new Exchange-Traded Fund (ETF) called the “On-chain Economy.” This ETF will focus on companies and financial instruments related to the crypto industry but will not directly invest in cryptocurrencies. The ETF aims to allocate at least 80% of its net assets to “Digital Transformation Companies” and “Digital Asset Instruments.” Digital Transformation Companies include crypto exchanges,

Memecoin Toshi pumps by over 135% following Coinbase’s listing

January 16, 2025 1 min read

Toshi (TOSHI) is a memecoin on the Base network that recently surged over 135% in just 24 hours. This spike followed Coinbase’s announcement to include Toshi in its future listing plans. Despite this rally, Toshi’s performance remains erratic, showcasing the volatility typical of the cryptocurrency market. In early 2024, Toshi’s market cap reached a high of $73.66 million but later fell to $51.36 million. However, as market conditions improved, Toshi

Mango Markets shuts down operations

January 13, 2025 1 min read

Mango Markets, a decentralized exchange on the Solana blockchain, is shutting down due to legal issues, including a settlement with the US Securities and Exchange Commission (SEC). Launched in August 2021, Mango aimed to offer fast and affordable trading using its MNGO token. However, in September 2024, the SEC charged Mango DAO, the platform’s governing body, for selling unregistered MNGO tokens during a fundraising round that raised over $70 million.

Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm

January 11, 2025 1 min read

An Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm. Travis Ford, a 35-year-old man from Oklahoma, has pleaded guilty to conspiracy to commit wire fraud. He was involved in running a fraudulent crypto investment firm called Wolf Capital Crypto Trading LLC. The U.S. Department of Justice announced this on Friday. Ford was the co-founder, CEO, and head trader of Wolf Capital. He encouraged people to invest

Donald Trump unveils his “Trump Bitcoin Digital Trading Cards” on Bitcoin Ordinals

January 10, 2025 1 min read

Donald Trump has introduced a new NFT collection called “Trump Bitcoin Digital Trading Cards” on the Bitcoin network using the Ordinals protocol. This initial batch consists of 160 cards, with plans for a total of 200. Buyers can obtain 100 cards from the “Mugshot Edition” through the Magic Eden marketplace by linking their Bitcoin wallets. This collection marks Trump’s first NFT project on Bitcoin, following previous releases like the “Trump

The developer behind the AQUA Bitcoin wallet raises $5M to develop its Liquid Network wallet AQUA

January 6, 2025 1 min read

JAN3, the creators of the Bitcoin wallet AQUA, have successfully secured $5 million in seed funding to enhance the development of their Bitcoin-centric superapp. The funding round was spearheaded by Fulgur Ventures, with participation from notable investors including Tether, Grupo Salinas, Lightning Ventures, and East Ventures. This latest funding follows an earlier pre-seed round in which JAN3 raised $620,000 in early 2023. Paolo Ardoino, CEO of Tether, highlighted the wallet’s

FDIC’s “Pause Letters” urges banks to halt crypto services

January 6, 2025 1 min read

Recent documents from Coinbase reveal that the Federal Deposit Insurance Corporation (FDIC) issued “pause letters” to banks between 2022 and 2023, advising them to halt certain cryptocurrency services until the agency could better assess associated risks. These letters specifically instructed banks to stop activities like Bitcoin transactions through third-party partnerships and advanced crypto services. Coinbase’s Chief Legal Officer, Paul Grewal, argues that these communications reflect a coordinated effort to limit

India intensifies crypto scam crackdown by teaming up with Google and Meta

January 5, 2025 1 min read

India is ramping up its fight against crypto-related scams, particularly the rising “pig butchering” frauds, through a partnership with tech giants Google and Meta, as outlined in the Ministry of Home Affairs’ 2024 annual report. These scams, which have reportedly cost investors over $3.6 billion in 2024, primarily target vulnerable populations, including unemployed youth and financially struggling individuals, by promising high returns on crypto investments. Scammers typically use social media