Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Amazon shareholders propose shifting cash reserves to Bitcoin

December 10, 2024 1 min read

Amazon shareholders are advocating for the company to invest a portion of its substantial $88 billion cash reserves in Bitcoin, viewing it as a potential hedge against inflation. This initiative, led by the National Center for Public Policy Research (NCPPR), emphasizes Bitcoin’s historical performance compared to traditional assets like bonds, despite its inherent volatility. The NCPPR argues that the Consumer Price Index (CPI) underrepresents actual inflation, which they estimate to

Arthur Hayes calls for a return to decentralized ICOs

December 4, 2024 1 min read

Arthur Hayes, co-founder of BitMEX, is advocating for a revival of initial coin offerings (ICOs) with a focus on decentralization and retail participation. In his essay, “How to Make ICOs Great Again,” Hayes critiques the growing influence of venture capital (VC) firms and centralized exchanges (CEXs) in the crypto ecosystem, arguing that these entities have sidelined retail investors in favor of institutional interests. Hayes asserts that the crypto movement has strayed from

BitWise seeks SEC approval for a groundbreaking 10 Crypto Index ETF

November 28, 2024 1 min read

BitWise has filed an application with the U.S. Securities and Exchange Commission (SEC) for a groundbreaking ETF that would track its 10 Crypto Index Fund. This fund includes ten major cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. If approved, it would be the most diversified crypto ETF in the U.S. market, reflecting a growing shift toward regulatory acceptance of crypto. Operating since 2018, the

Ripple CEO Brad Garlinghouse credits Trump’s policies for unlocking billions in crypto value

November 18, 2024 1 min read

Ripple CEO Brad Garlinghouse is optimistic about the cryptocurrency industry’s future, citing recent U.S. political developments as catalysts for growth. In a recent interview, he highlighted how pro-business policies, particularly under a potential second Trump presidency, could create opportunities for the sector. Garlinghouse noted significant growth in U.S.-based crypto assets, including Ripple’s XRP, since the election, driven by increased investor confidence and prospects for regulatory reform. He pointed to the

Bitcoin rallies 17% in the last 7 days

November 11, 2024 2 mins read

Donald Trump’s recent victory in the U.S. presidential election ignited a significant surge in the cryptocurrency market, with Bitcoin (BTC) reaching an all-time high and pushing the total market cap of crypto beyond $2.7 trillion. Bitcoin alone now boasts a market cap of $1.16 trillion, making it the ninth-largest financial asset globally. Over the past week, Bitcoin experienced a remarkable 17% increase, marking its second-best weekly performance of the year,

Mt. Gox moves 32,371 Bitcoin worth around $2.19 billion to two wallets

November 6, 2024 1 min read

The once-prominent cryptocurrency exchange Mt. Gox, which has been defunct since a major hack in 2014, has recently transferred a staggering $2.19 billion worth of Bitcoin to two undisclosed wallets. This transfer included over 30,000 Bitcoin sent to one wallet and an additional 2,000 Bitcoin that was first moved to a cold wallet before reaching another destination. This activity follows a previous transfer of 500 Bitcoin valued at over $35

Securitize reaches $1 billion in on-chain issuances

November 3, 2024 1 min read

Securitize has achieved a significant milestone by surpassing $1 billion in on-chain issuances and introducing Securitize Fund Services, a new platform aimed at enhancing the efficiency of fund administration through blockchain technology. This innovative service seeks to eliminate common challenges like slow net asset valuations and cumbersome onboarding processes, ultimately streamlining digital finance operations. The Securitize Fund Services platform tackles persistent issues in fund management by providing a comprehensive solution

Investors withdraw over $750M in Ethereum from exchanges

October 30, 2024 1 min read

Ethereum has recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. CoinMarketCap reports that Ethereum’s daily trading volume has surged by more than 80%, indicating a heightened interest in the market. According to data from CryptoQuant, Ethereum’s reserves on exchanges have significantly decreased,

Coinbase launches “Based Agent,” a tool that lets developers create AI agents

October 28, 2024 1 min read

Coinbase, a leading player in the cryptocurrency exchange arena, has introduced an innovative AI tool named “Based Agent,” aimed at simplifying the process for developers to create AI agents. This launch comes in response to the increasing demand for AI functionalities in the crypto space. On October 26, Lincoln Murr, a developer at Coinbase, showcased the “Based Agent,” which allows users to set up AI agents in less than three

Tether unveils Satoshi Nakamoto statue in the city of Lugano

October 27, 2024 1 min read

Tether and the City of Lugano recently celebrated the unveiling of a life-sized statue dedicated to Satoshi Nakamoto, the enigmatic creator of Bitcoin. This event took place during the third annual Plan ₿ forum on October 25, a collaborative initiative aimed at fostering the adoption of Bitcoin and blockchain technology in Lugano. The statue, located at Villa Ciani, is designed to reflect the mystery surrounding Satoshi and the innovative spirit

ZachXBT claims Chinese trader launders millions in stolen funds for North Korea’s Lazarus

October 24, 2024 1 min read

Crypto investigator ZachXBT has raised serious allegations against Yicong Wang, a Chinese over-the-counter (OTC) trader, claiming he has been laundering millions of dollars in cryptocurrency for North Korea’s notorious Lazarus Group since 2022. This hacking group is infamous for its involvement in significant crypto thefts, including a reported $35 million laundered through Cambodia in July and an accusation from the U.S. in October of stealing $879 million. ZachXBT’s investigation suggests

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing