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
7 months ago
1 min read
A member of the Terra Classic community, known as The Vinh Nguyen on social media, has stepped forward to address the technical debt challenge faced by the Terra Classic L1 Task Force Q4 proposal. Nguyen and his team have volunteered to tackle the accumulated technical debt in the coming quarter for the benefit of the community. This unexpected offer by Nguyen has evoked mixed reactions within the Terra Classic community. While some community members have applauded the initiative taken by Nguyen and his team, others have raised questions about the motives behind their voluntary work. Aru Basu, a community member
8 months ago
1 min read
Vitalik Buterin has taken to addressing a recent security breach that led to unauthorized access to his X account, formerly known as Twitter. This incident has once again sparked discussions on the importance of robust cybersecurity measures. Hackers managed to infiltrate Buterin’s X account, posting phishing links in an attempt to scam his followers. The scheme involved a deceptive “commemorative” non-fungible token (NFT) strategy, resulting in the theft of multiple NFTs, as reported on social media. The hacking incident elicited a wide range of reactions online, from humorous memes to serious discussions about the vulnerability of even tech-savvy individuals to
8 months ago
1 min read
Recent on-chain data has revealed a notable divergence between Bitcoin’s long-term holders (LTHs) and short-term holders (STHs), reaching unprecedented levels. This divergence underscores the varying strategies and behaviors of different segments of the cryptocurrency market. In an analysis shared on X, an analyst highlighted the widening gap between two significant cohorts in the Bitcoin market: short-term holders (STHs) and long-term holders (LTHs). Understanding these distinctions is crucial for gaining insights into market dynamics. Short-term holders, or STHs, are investors who acquired their Bitcoin holdings within the past 155 days. On the other hand, long-term holders, or LTHs, consist of individuals
8 months ago
2 mins read
Cardano, the native token of the Cardano blockchain, has experienced a notable decline in value recently, with its price decreasing by approximately 17% over the last month. Despite this market fluctuation, Cardano’s on-chain activity has defied expectations, demonstrating remarkable resilience. According to the latest data from Santiment, Cardano’s transaction volume has surged significantly, drawing attention due to its stark contrast with the subdued market value, especially when compared to its peak in April. Cardano’s weekly on-chain transaction volumes have witnessed an astounding 1,700% surge since late January. This surge in transaction volumes is a noteworthy indication of robust network activity
8 months ago
1 min read
Binance crypto exchange has introduced an innovative cryptocurrency transfer service called Send Cash. This service is geared towards enhancing the convenience of crypto transactions for users across Latin America. By leveraging Binance Pay, users in nine Latin American countries can now seamlessly transfer cryptocurrencies. Binance’s recent move is in direct response to the distinct challenges faced by citizens in the Latin American region. With Send Cash, the platform aims to provide solutions that cater specifically to these challenges, ultimately making cryptocurrency usage more accessible and efficient. According to an official statement released on August 29, Binance’s Send Cash service is
8 months ago
1 min read
A group of cryptocurrency investors have taken legal action against Atomic Wallet after a security breach that resulted in $100 million in losses this past June. The incident has led to a class action lawsuit, with numerous high-net-worth investors from Russia and the Commonwealth of Independent States joining forces to seek compensation. According to a report by IntelliNews on August 21, the disgruntled investors, under the coordination of German lawyer Max Gutbrod and Boris Feldman, co-founder of Moscow legaltech firm Destra Legal, are pursuing their claims against the cryptocurrency wallet provider. The investors, numbering around 50, had collectively lost approximately
8 months ago
2 mins read
A recent development in the cryptocurrency space has captured the attention of market participants: Bitcoin’s daily RSI has plunged to levels reminiscent of the COVID-19-induced crash in March 2020. This event holds the potential to trigger a significant market shift, prompting discussions and speculation within the crypto community. The Relative Strength Index (RSI) is a widely recognized technical indicator that quantifies the velocity and magnitude of price changes. With a range between 0 and 100, RSI readings above 70 often indicate an overbought market condition, while readings below 30 suggest an oversold condition. This tool is instrumental in helping traders
8 months ago
2 mins read
In a significant turn of events, Shiba Inu (SHIB) tokens have encountered a 9% decline over the past 24 hours, attributed to reported bridging issues stemming from the highly anticipated launch of the Shibarium network. The network’s debut, heralded with great excitement, was marred by transaction stalls and operational setbacks, casting a shadow over the much-anticipated ecosystem. Blockchain data has revealed that transactions within the Shibarium network came to an abrupt halt, persisting for a span of at least five hours. During this period, users encountered difficulties transferring a substantial sum of assets, including 954 ether (ETH) valued at $1.7
8 months ago
2 mins read
A staggering 478 billion Shiba Inu (SHIB) tokens are making waves on the network, poised to make a significant entry into the renowned crypto exchange, Coinbase. This intriguing saga unfolds with the emergence of an anonymous whale whose strategic maneuvers have captivated the crypto community’s attention. The enigmatic journey commences with an unidentified whale residing at the address 0x37826510484bAe7E797B910f62094F95c263Fc35. This shadowy figure shrouded in mystery, embarked on a meticulous journey to amass SHIB tokens in various quantities, ranging from modest batches to substantial hoards. The sheer scale of this accumulation ignited curiosity within crypto circles, setting the stage for what
9 months ago
1 min read
The Shiba Inu community is abuzz with anticipation as the team drops hints about the imminent launch of the Shibarium mainnet. All eyes are on the upcoming Blockchain Futurist Conference and ETH hackathon in Canada, where the grand debut is expected to take place. As the cryptocurrency market experiences a sideways movement following the U.S. SEC’s spot Bitcoin ETF delay announcement, the SHIB price has been bucking the trend with a noticeable upward trajectory. With the Blockchain Futurist Conference on the horizon, the Shiba Inu team has been subtly alluding to the unveiling of the Shibarium mainnet. The official SHIB
9 months ago
2 mins read
Amidst significant developments in the cryptocurrency landscape, prominent lawyer John Deaton, a vocal supporter of XRP, has taken to Twitter to share his contrasting views regarding the influence of altcoins like XRP and their market performance. Deaton’s observations shed light on the complex interplay between regulatory advancements and price dynamics, highlighting the case of XRP’s regulatory clarity and its price response. Deaton drew attention to an intriguing scenario, one that prompts reflection on the expectations of XRP enthusiasts. He said that XRP supporters would have found it hard to believe if he had foretold that XRP would attain regulatory clarity
9 months ago
1 min read
Shiba Inu has witnessed a remarkable surge in its burn rate, surpassing a staggering 145%. The recent surge in burn activity has grabbed the attention of cryptocurrency enthusiasts and investors alike. This article delves into the recent developments surrounding Shiba Inu’s burn rate increase and its implications for the cryptocurrency’s value. Over the span of 24 hours, Shiburn, the designated burning mechanism for Shiba Inu, has executed a substantial burn of 92 million SHIB tokens. These tokens have been meticulously transferred to “inferno” wallets, effectively taking them out of circulation permanently. Of particular note is a substantial single transaction involving
