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
1 year ago
1 min read
Twitter has added a new feature that allows users to search for the prices of Bitcoin (BTC) and Ether (ETH) by typing their names or tickers into the search tab. When users tweet the symbol of a major stock, exchange-traded fund, or cryptocurrency with “$” in front of it, a clickable link will appear that takes them to search results including pricing graphs for those symbols. Users can also search for ticker symbols and view the price graphs. The new feature was announced by the Twitter Business account on December 21 and was later retweeted by Twitter CEO Elon Musk,
1 year ago
1 min read
Binance.US has won the bid to acquire the assets of the defunct cryptocurrency platform, Voyager. The bid, worth approximately $1.022 billion, was described as the “highest and best bid” by Voyager, and it aims to return cryptocurrency to customers. Initially, the bid was won by FTX, but the deal fell through following the collapse of the crypto exchange. As part of the deal, Binance.US will make a good faith deposit of $10 million and bear Voyager’s expenses up to $15 million. The deadline for the completion of the acquisition is set for April 18, 2022, and in the event that
1 year ago
1 min read
Sam Bankman-Fried, the founder of FTX and former executive who is facing criminal charges in the United States, including wire fraud and conspiracy to commit money laundering, may stop fighting his extradition from The Bahamas. On Monday, Bankman-Fried’s legal team is anticipated to forgo its previous notice and request for an extradition hearing, which was scheduled for February 8, in Bahamanian court. Bankman-Fried is being held in Fox Hill prison in The Bahamas, where he is said to be “scared” but in “good spirits,” according to a prison official cited by The Washington Post. The US Department of Justice reports
1 year ago
1 min read
The TrueUSD team is launching a new stablecoin called TCNH, which is pegged to the offshore Chinese Yuan at a 1:1 ratio. TCNH will be available on the TRON blockchain and will offer users the ability to obtain, hold, and trade the token. TCNH is a safe and transparent stablecoin that is compliant with all legal and technical requirements and is audited by leading accounting firms. This new product provides an option for millions of users on the TRON blockchain and represents TrueUSD’s commitment to digitizing traditional fiat currencies and connecting the cryptocurrency world with the real world. TCNH will
1 year ago
1 min read
Apple is set to allow users of its iPhone and iPad devices to download non-App Store apps next year, in a bid to comply with incoming European Union regulations. The move, which is a significant departure from Apple’s current policies, will enable users to download third-party software without using the App Store, avoiding the company’s restrictions and its 30% commission on payments. Furthermore, the change could also potentially lead to an increase in non-fungible-token (NFT) related apps. The company’s goal is to have the planned changes ready as part of an update to next year’s iOS 17. If similar laws
1 year ago
0 mins read
The Australian government plans to create a framework for licensing and regulating cryptocurrency service providers in 2023. The government will release a consultation paper in early 2023 to define which digital assets should be subject to financial services laws and what rules are needed to protect consumers. Furthermore, the government will also consult on its planned custody and licensing framework for crypto. In addition to regulating cryptocurrency, the government also plans to strengthen Australia’s payments systems and financial market infrastructure, as well as establish a regulatory framework for Buy Now Pay Later services in 2023.
1 year ago
0 mins read
Wemade, a South Korean blockchain game developer, has lodged an appeal against the court ruling that denied their request to stop four of the country’s largest crypto platforms from delisting their native token, WEMIX. Last week, a South Korean court declined the injunction that Wemade had submitted, leading to the removal of WEMIX from the four exchanges and a subsequent decrease in the company’s stock and cryptocurrency values. Wemade has listed WEMIX on GDAC, a local crypto exchange, and declared that they will buy back and burn $10 million worth of WEMIX to help revive the token’s worth.
1 year ago
1 min read
Last week, Bybit unveiled a new system that will enable its customers to check that the crypto assets the exchange platform holds are accurate. Utilizing Merkle Trees, a type of data structure for on-chain verification, Bybit’s proof of reserves system allows customers with funds on the platform to verify that it holds 100% of their assets. Using a Merkle Tree-based system, customers of Bybit can now analyze the platform’s reserve ratio to confirm that it holds enough assets to cover the balances of its users. This security measure has been implemented in the wake of the FTX collapse and is
1 year ago
1 min read
Kevin O’Leary, a Canadian entrepreneur, Shark Tank judge, and CNBC contributor, recently revealed that he lost $15 million paid to him by the now-defunct cryptocurrency exchange FTX. On CNBC, O’Leary mentioned that he was hired as a spokesperson for the exchange, which had a $32 billion empire, but the investors soon sued him and other celebrities, including Tom Brady, for failing to do their due diligence before promoting the exchange owned by Bankman-Fried. O’Leary confessed to succumbing to “groupthink” and not one of his investment partners suffered a loss. Hosts of CNBC Squawk Box lambasted him on the show for
1 year ago
1 min read
Tony Fadell, a former Apple engineer who designed the iPod, has collaborated with the French startup Ledger to develop a new hardware wallet that allows users to securely store cryptocurrency. This product was unveiled last Tuesday at the Ledger Op3n event. This launch occurred at a time when trust in centralized digital currency platforms was dwindling due to the failure of FTX, the second-largest asset manager after Binance. The security company created the Ledger Stax, which looks like a small smartphone and measures 85 millimeters long and 54 millimeters wide. Individuals can use this hardware wallet to manage various tokens
1 year ago
1 min read
Mathew McDermott, a Goldman Sachs executive, said that his company has already conducted due diligence on a few cryptocurrency companies. The recent FTX fiasco has a negative impact on the value of crypto companies, so financial services company Goldman Sachs is looking to pounce and invest millions to buy or invest in crypto companies while the prices are low. Mathew McDermott, an executive at Goldman Sachs, reportedly stated that big banks are seeing opportunities in the space as the FTX collapse highlighted a need for more regulation within the industry in an interview with mainstream media outlet Reuters. The executive
1 year ago
1 min read
In September 2021, the Cardano (ADA) blockchain underwent a substantial upgrade featuring the integration of smart contracts, thus enabling the network to operate more efficiently and at a greater capacity. Despite a decline in the coin’s price in 2022, the network’s development has advanced significantly. By December 4, the number of Plutus-based smart contracts that were operating on the Cardano blockchain had ballooned to 4,050, a 316% increase from the 947 that were in action at the start of 2021. Once the Alonso hard fork was accomplished, Cardano was able to provide the developer community with a programmable, DeFi application
