Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Ethereum Drops Below $2,400: Will ETH Dip More?

January 23, 2024 1 min read

Ethereum, the second-largest crypto, is under bearish pressure, having fallen 3% in the last 24 hours, with a current value of $2,337. Despite the recent downturn, Ethereum has reached a significant milestone by surpassing Bitcoin (BTC) in terms of long-term holders. While the increase in Ethereum’s long-term holders represents investor confidence and commitment, it has also sparked discussions about potential challenges. Concerns are raised about reduced liquidity and potential barriers

Binance and Gulf Innova launched Binance TH, a new crypto exchange in Thailand

January 16, 2024 1 min read

Binance and Gulf Innova have joined forces to launch Binance TH, a cutting-edge crypto exchange tailored for the Thai market. The exchange, which is now open for business, represents a strategic collaboration that prioritizes security, transparency, and local support. CEO Nirun Fuwattananukul expressed gratitude for the collaboration and emphasized the importance of working closely with Thai regulators to bring this innovative platform to fruition. Binance TH is intended to provide

This analyst says Ethereum will hit $3,500 soon as ETH breaks above $2,600

January 11, 2024 2 mins read

Ethereum, the second-largest crypto by market capitalization, is in for an exciting ride as it shows signs of a bullish breakout. Positive indicators, according to World Of Charts analysts and crypto trader Skew, could propel Ethereum’s value to new heights. World Of Charts has identified a bullish pennant pattern in Ethereum’s recent performance, indicating that its upward trend may continue. This technical pattern frequently indicates that Ethereum is preparing for

BlackRock buys $10 million worth of Bitcoin, BTC trading at $46,888

January 9, 2024 1 min read

The crypto market is buzzing with excitement as reports indicate that on January 5, BlackRock made a significant investment, purchasing $10 million worth of Bitcoin. This move comes ahead of the approval of its Spot Bitcoin ETF, which is expected to have a volume of more than $2 billion. Bitcoin fell to $42,000 last week as a result of Matrixport research highlighting the perceived low likelihood of ETF approvals. Because

KuCoin Resolves Lawsuit with $22 Million Settlement: Ceases Operations in New York

January 3, 2024 2 mins read

KuCoin crypto exchange has reached a $22 million settlement to resolve a lawsuit filed by the state of New York against it. The settlement also includes KuCoin ceasing its trading activities in New York, indicating a significant agreement to address legal concerns. According to the terms of the agreement, KuCoin will refund a total of $16.7 million to approximately 177,800 New York investors. In addition, the cryptocurrency exchange will pay

Levana Protocol Faces $1.1 Million Attack on Osmosis Blockchain

December 29, 2023 1 min read

Levana, a perpetual swap protocol that runs on the Osmosis blockchain, recently suffered an unauthorized attack that resulted in the loss of over $1.1 million from its liquidity pools. The exploit took place over 13 days, causing the protocol to lose 10% of its liquidity. Investigations into the incident revealed several factors that contributed to the tragic outcome. Congestion hit the Osmosis blockchain, severely limiting user interactions within the market.

MEXC Exchange is accused of freezing accounts and seizing funds amid abnormal trading claims

December 27, 2023 2 mins read

MEXC, a well-known crypto exchange, has found itself at the center of controversy after users complained about alleged account freezing and fund seizures. Concerns raised by multiple users since mid-December have been highlighted in reports circulating on social media platforms, particularly on X. A pseudonymous trader revealed a significant loss of $92,000 in Tether tokens, which drew attention to the situation. The trader claimed to have lost money after making

HTX Exchange Ventures Invests in Academic Labs to Drive Web3 Education Transformation

December 22, 2023 2 mins read

HTX Ventures, the global investment arm of the HTX crypto exchange, has invested in Academic Labs, a Web3 education platform. Through its token and NFT systems, the investment aims to enable Academic Labs to expand its offerings, providing more introduction opportunities to new Web3 users and improving educational engagement among existing users. Academic Labs uses AI and Web3 technologies to enhance the educational experience, providing courses on essential skills such

Crypto Firms Roll Out Exciting Ads in Anticipation of Bitcoin ETF Approval

December 21, 2023 2 mins read

As the crypto community eagerly awaits the SEC’s decision on Bitcoin Spot ETFs, two major companies, Bitwise and Hashdex, have taken the initiative to stir up excitement with their recent ad campaigns. Bitwise Takes the Lead Bitwise, a prominent player in the crypto space, made the first move by releasing an engaging ad featuring Jonathan Goldsmith, widely recognized as the “Most Interesting Man in the World.” In the ad, Goldsmith

SHIB Token Surges with $110 Million in Massive 24-Hour Transactions

December 19, 2023 1 min read

According to the on-chain analytics platform IntoTheBlock, the Shiba Inu (SHIB) meme coin has experienced an extraordinary surge in large transactions, reaching a staggering $110.53 million in the last 24 hours. This increase of 275% equates to an astounding 7.22 trillion SHIB tokens changing hands. This surge comes at a time when the Shiba Inu token’s price has dropped by more than 11% in the last day, from $0.00001195 to

Revolut to Halt Crypto Purchases for UK Business Clients in 2024 Amid FCA Regulations

December 19, 2023 1 min read

Revolut, a popular fintech platform, plans to end crypto purchases for its UK business clients in 2024. The move is in response to the Financial Conduct Authority’s (FCA) new investor protection regulations. While business clients will still be able to hold and sell existing cryptocurrency holdings, their ability to acquire additional digital assets will be limited. This change is part of Revolut’s strategy to stay current with the regulatory landscape.

Solana’s Bonk Rockets 130% on Binance, Now Among Top 50 Crypto

December 16, 2023 1 min read

Bonk, Solana’s leading meme coin, has experienced a remarkable 130% increase in value within a week of being listed on Binance. The coin, created by an anonymous team, has now achieved a market value of $2 billion, propelling it into the top 50 cryptos. Binance initiated trading for Bonk across various pairs. However, it issued a cautionary note about the coin’s high volatility, emphasizing its status as a meme coin