Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

21Shares’ parent company unveils Ethereum-based wrapped Bitcoin

September 3, 2024 1 min read

21.co, the parent firm of 21Shares, has launched its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain in collaboration with Flow Traders. The product’s objective is to offer users a sense of security while they navigate decentralized applications and explore new possibilities on the Ethereum blockchain. 21BTC use cold storage to safely hold the underlying assets, hence avoiding the necessity for a bridge. The token is collateralized by BTC and

The SEC has issued a warning about FTX’s plans to use stablecoins and other crypto assets

September 2, 2024 1 min read

The US Securities and Exchange Commission (SEC) has warned FTX exchange about its strategy for repaying creditors, suggesting a possible objection to using stablecoins or other crypto assets. The SEC’s filing to the Delaware Bankruptcy Court highlights issues with FTX’s proposed use of stablecoins, particularly if they involve cryptocurrency assets. The agency has reserved the right to contest their use, particularly if they involve cryptocurrency assets. The SEC has also

TRON’s (TRX) market cap grows to over $14 billion

August 29, 2024 1 min read

Toncoin (TON) is in danger of being excluded from the top 10 crypto assets as a result of the increasing prominence of TRON (TRX). During the previous three days, TON’s market capitalization has declined to less than $13 billion, while TRON’s has increased to almost $14 billion. TON’s price has experienced a decline of 18% over the past 30 days, hitting a minimum of $5.11 on Tuesday. The price of

A Nasdaq-listed company purchases an additional 83 BTC, valued at $5 million

August 27, 2024 2 mins read

Semler Scientific, a firm listed on the Nasdaq stock exchange, has augmented its Bitcoin reserves by acquiring an extra 83 BTC, with a market worth of $5 million. The acquisition has increased the company’s Bitcoin reserves to a total of 1,012 BTC, which were purchased at a cost of $68 million. This decision exemplifies an increasing pattern among enterprises to incorporate Bitcoin into their financial reserves, emulating the actions of

Ethereum co-founder Vitalik Buterin warns of growing threats to privacy and freedom

August 26, 2024 1 min read

Vitalik Buterin, the co-founders of Ethereum, has expressed worries on the emergence of potential dangers that could jeopardize technological liberties and fundamental principles of cryptocurrencies. He highlighted the escalating political scrutiny faced by encrypted messaging services, centralized identity systems, vulnerable operating systems, and the expanding authority of influential social media platforms and governments to suppress and exclude individuals globally. The increasing political scrutiny on encrypted messaging platforms is a fundamental

Mango Markets DAO proposes a $224 settlement with the SEC

August 22, 2024 1 min read

Mango Markets, a decentralized exchange (DEX) on Solana, is set to pay a $223,228 penalty to the SEC as part of a settlement proposal to avoid further legal issues. The proposal includes halting all sales of MNGO tokens, destroying the DAO’s remaining MNGO holdings, and requesting the removal of MNGO from all crypto exchanges and platforms where it is currently traded. The governance proposal is expected to pass unanimously, with

Bitwise acquires ETC Group, expanding into Europe with $4.5B in crypto AUM

August 21, 2024 1 min read

Bitwise, the largest US crypto index fund manager, has acquired London-based ETC Group, a prominent issuer of crypto exchange-traded products (ETPs), marking a significant expansion into the European market. The acquisition adds over $1 billion in assets under management (AUM) to Bitwise’s portfolio, bringing its total AUM to over $4.5 billion. ETC Group, founded in 2019, offers a range of ETPs based on Bitcoin, Ethereum, Solana, and Ripple. Bitwise plans

Over 25,000 Arbitrum DAO participants approve ARB staking proposal

August 16, 2024 1 min read

The Arbitrum Decentralized Autonomous Organization (DAO) has officially ratified a proposal aimed at augmenting the functionality of the ARB token and fortifying the security of governance processes. The proposal, endorsed by 91% of more than 25,000 participants, will enable ARB token holders to stake and delegate their tokens in return for a liquid staked ARB token (stARB). This new currency will serve as a representation of their ownership and allow

Binance introduces ‘Super Earn’ to allows users to earn a Special Annual Percentage Rate (APR)

August 14, 2024 1 min read

Binance, the largest crypto exchange globally, has introduced Binance Super Earn, an innovative program enabling users to earn a Special Annual Percentage Rate (APR) on recently listed tokens. The program seeks to foster the growth and visibility of new initiatives while enhancing user earnings through augmented APR rewards. Users who possess these tokens on Binance will be rewarded through temporary promotions supported by the respective token initiatives. Users can utilize

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest

August 14, 2024 1 min read

The Venezuelan government has implemented a digital embargo on prominent online sites, such as the cryptocurrency exchange Binance and the social media network X, as part of a wider effort to suppress digital services. The disturbance, documented on August 12, 2024, is ascribed to the government-controlled internet service provider CANTV. Binance’s website and mobile application became unreachable in Venezuela as a result of a DNS block, which is thought to

Celsius Network Sues Tether for $2 Billion Over Bitcoin Claims

August 11, 2024 1 min read

Celsius Network has initiated legal proceedings against Tether, the issuer of a stablecoin, on the grounds of purportedly engaging in fraudulent and advantageous practices to transfer around $2.4 billion worth of Bitcoin. Paolo Ardoino, the CEO of Celsius Network, has offered a lucid explanation of the matter, affirming that Celsius was among the clients that received USDT from the company. The arrangement entailed the provision of Bitcoin as security in

Analysts believe Bitcoin may have reached a market bottom despite recent volatility

August 6, 2024 1 min read

The fluctuation in the crypto market has sparked conjecture regarding a probable lowest point in the market for Bitcoin and Ethereum, despite substantial volatility undermining investor trust. The recent fluctuations in prices have led to significant liquidations amounting to $1.06 billion, with $901.33 million originating from long positions and $159.41 million from short positions. This substantial decline in value highlights the unpredictable nature of the cryptocurrency markets, causing unease among