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

Onyx Protocol Falls Victim to a $2.1 Million Exploitation in Recent Attack

5 months ago 1 min read

Onyx Protocol fell victim to a security breach resulting in the loss of nearly $2.1 million in Ethereum (ETH) due to a flash loan exploit. The perpetrator of the Onyx Protocol exploit managed to accumulate 1,164 ETH, equivalent to almost $2.1 million. Their strategy involved initially making a small donation in the oPEPE market, which served as a ruse to access larger loans from more liquid financial markets. These loans relied on the donated funds as collateral and once secured, the attacker exploited a rounding issue to turn a profit. A similar vulnerability was exploited against Hundred Finance in April

Can Bitcoin ETF Approval by January Send BTC Price to $100,000?

5 months ago 1 min read

The excitement and anticipation surrounding the potential approval of a United States-based spot Bitcoin exchange-traded fund (ETF) is reaching fever pitch. Bloomberg Intelligence has estimated a 90% chance of the Securities and Exchange Commission (SEC) granting approval by January 10, 2024. The approval could mark a significant turning point for Bitcoin’s price trajectory, potentially driving it to $100,000. The news that BlackRock might be investing in a Bitcoin ETF has sent ripples through the crypto market, pushing the price of Bitcoin above $35,000. This price level hasn’t been seen in nearly 18 months and stands in contrast to Ethereum’s 50%

Shiba Inu’s marketing lead clears up some confusion surrounding Shibarium and the burning of SHIB tokens

5 months ago 1 min read

Shiba Inu’s marketing lead, Lucie, has cleared up some confusion regarding Shibarium and the burning of SHIB commemoratives. When you transfer your SHIB commemoratives from the Ethereum network( L1) to Shibarium( L2), the original SHIB commemoratives are locked in the ground contract. At the same time, a new interpretation of the commemorative is created on Shibarium. So, the original commemoratives are not destroyed or taken out of rotation. They are just locked down. Then comes the important part: when you decide to burn your SHIB commemoratives on Shibarium, you are actually burning this new interpretation, while the original commemoratives stay locked in the ground contract. In simple terms, it’s like getting rid of a dupe, not the original. Lucie also gave some guidance to inventors and the community. However, you should first move your SHIB back to the Ethereum network and also shoot it to the” dead portmanteau, if you are part of

JP Morgan says the US SEC will approve Bitcoin Spot ETFs by January 10, 2024

5 months ago 1 min read

JP Morgan, one of the largest and most influential banks, is predicting that the United States Securities and Exchange Commission (SEC) might give the green light to Bitcoin Spot ETFs (Exchange-Traded Funds) by January 10, 2024. Now, what’s so exciting about this? Well, Bitcoin ETFs would make it much easier for regular people to invest in Bitcoin. Think of them as a way to indirectly buy and own Bitcoin without dealing with all the technical stuff. You could own Bitcoin just like you own shares in a company. But here’s the twist: If the SEC says “no” to these Bitcoin

Cardano (ADA) Developer IOG Appoints Former Algorand (ALGO) Execs for Stablecoin Project

5 months ago 1 min read

Cardano’s parent company, Input Output Global (IOG), has appointed two former Algorand executives to lead its new stablecoin-focused venture. In an announcement on October 23, IOG revealed that Sean Ford, the former CEO of Algorand, will head this venture, with David Markley, another executive from Algorand, serving as the Chief Operating Officer. While IOG did not provide detailed information about this new stablecoin-focused company, IOG’s CEO, Charles Hoskinson, emphasized the crucial role this venture will play in developing stablecoins and other payment solutions. These innovations aim to help the blockchain industry fulfill its mission and safeguard its core values. Stablecoins

Bitcoin surges above $35,000 as spot ETF buzzes up

5 months ago 1 min read

Bitcoin, the world’s leading cryptocurrency, is making headlines once again as it surged past the $35,000 mark. This exciting price movement is generating significant buzz, and there are a few key reasons behind it. As of Tuesday morning in Asia, Bitcoin was trading at $34,883, experiencing an impressive 14.8% surge over the past 24 hours and reaching a high of $35,066, a level it hasn’t seen since May 2022. This uptrend has contributed to Bitcoin’s weekly gain of 22.8%, delighting crypto enthusiasts and investors alike. The primary driver of this recent Bitcoin rally is the growing anticipation surrounding the potential

FBI Cracks Down on $30 Million Crypto Money Laundering Operation in New York

5 months ago 1 min read

The FBI has taken action against six individuals for their alleged involvement in an unlicensed crypto money-transmitting business responsible for laundering over $30 million. These charges come after a criminal complaint was filed in the Southern District of New York, naming Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel as the primary suspects. Their alleged conspiracy revolved around the illegal transmission of money through an informal value transfer network. The group’s activities primarily involved exchanging cryptocurrencies for cash, subsequently shipping the physical currency via the United States Postal Service (USPS). Crucially, they lacked the requisite

Coinbase’s Layer-2 Solution Base Shares Open-Source Code for Developer Engagement

5 months ago 1 min read

Coinbase’s Base network made a big move on October 19 by open-sourcing its code and smart contracts for developers. The company said that the motivation behind the decision is to provide more transparency and insight into the Base project’s development. All the smart contracts and scripts that make Base work are now available for everyone to see on GitHub. This open-source development empowers developers to dig into the code that governs how deposits and withdrawals work on the Base network. It’s a bit like letting people peek under the hood of a car to see how the engine works. This

SunMoney Solar Group’s Innovative Approach to Renewable Energy with SDBN Tokens

6 months ago 3 mins read

In a rapidly growing world, SunMoney Solar Group stands out as a leader in innovation by blending the renewable energy sector with blockchain technology. Their Community Solar Power Plant Program has already united over 50,000 members from across 60 countries. By democratizing access to solar investments and nurturing an international community of renewable energy supporters, SunMoney Solar Group is revolutionizing the energy landscape. At the heart of their visionary approach lies the SDBN token, which is backed by their solar power production capacity. This innovation empowers token holders with a hybrid earning program. It also allows them to benefit from

Kazakhstan’s Crypto Miners Facing Crisis Amid Soaring Energy Costs

6 months ago 2 mins read

Kazakhstan, known as the world’s third-largest Bitcoin mining hub in terms of hash rate, is currently grappling with a severe crisis in its crypto mining sector, largely attributed to skyrocketing energy expenses. In a notable development, eight prominent cryptocurrency mining companies, including industry players such as BCD Company, TT TECH Limited, KZ Systems, AI Solutions, Green Power Solution, VerCom, and Kinur Invest, have penned an open letter addressed to President Kassym-Jomart Tokayev. In this heartfelt letter, these leaders within the crypto mining realm shed light on the dire circumstances faced by the Kazakh crypto mining community due to exorbitant energy

Hong Kong Crypto Venture Capital Firm Launches $100 Million Fund for Asian Blockchain Startups

6 months ago 1 min read

Hong Kong’s CMCC Global, a venture capital firm with a focus on the crypto sector, has successfully raised $100 million to support blockchain startups in Asia. This initiative, known as the Titan Fund, recently concluded its first round of funding on October 4th, with 30 investors participating. Among the notable investors are blockchain firm Block.one, Hong Kong magnate Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu, as reported by the South China Morning Post. The Titan Fund has identified specific areas for investment, including blockchain infrastructure, consumer applications such as gaming and nonfungible

TikTok Explores Monthly Subscription Option Without Ads

6 months ago 1 min read

TikTok is currently testing a monthly subscription that would remove ads from the popular video-sharing platform. While the Chinese company hasn’t disclosed the exact market for this test, it’s being conducted in an English-speaking region outside the US. The subscription is priced at $4.99 (£4.13), and the scope of the rollout remains uncertain. Meta, the parent company of Facebook and Instagram, is reportedly contemplating ad-free subscriptions for European Union users to comply with the bloc’s advertising regulations. The proposed subscription would cost around €10 (£8.68) per month for desktop use and €13 (£11.28) per month for mobile users who opt