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
10 months ago
1 min read
Web3 gaming company Mythical Games has successfully raised $37 million in a Series C1 funding round, led by Scytale Digital, a digital asset manager. The funding round attracted prominent investors such as ARK Invest, Animoca Brands, PROOF, Stanford Athletics, and MoonPay. Existing investors including Andreessen Horowitz, WestCap, Gaingels, Signum Growth, and Struck Capital also participated in the round. According to CEO John Linden, the terms of the funding round resembled a Series C round that took place in 2021. Linden explained that the company decided not to pursue a full Series D round at this stage. The primary objectives for
10 months ago
1 min read
Shytoshi Kusama, the lead developer of Shiba Inu, has recently changed his avatar picture on Telegram, igniting speculation among the Shiba Inu community about potential upcoming developments related to Shibarium. The profile picture change was noticed by Lucie, a content marketing specialist and member of the SHIB team. Kusama, known for his cryptic statements and Eastern philosophy-inspired approach, often uses such actions to indicate important milestones or impending changes. The new profile picture features a Shiba Inu silhouette against the backdrop of blooming Sakura trees, reminiscent of NFT artwork or classic graphics from PC games. This intriguing update, coupled with
11 months ago
1 min read
Three prominent crypto whales have withdrawn over $150 million worth of Ethereum (ETH) from the popular crypto exchanges Binance and Kraken. The significant withdrawals were made from newly created wallets, as reported by blockchain tracker Lookonchain. The withdrawals come amid a wave of regulatory scrutiny on the digital asset sector in the United States. The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against Binance and Coinbase, two leading crypto exchanges, for alleged securities law violations. This has raised concerns among traders and investors, who may be opting to self-custody their assets in order to protect them from government
11 months ago
1 min read
The recent rally in Bitcoin has ignited a surge in demand for calls and spurred increased activity in the options market. On Wednesday, the options market witnessed a significant surge as bitcoin options contract worth $3.3 billion were traded across major exchanges, including Deribit. This single-day notional volume represents the highest in three months, with Deribit accounting for over 80% of the global tally. Traders have shown considerable interest in buying call options, contributing to the increased options trading volume. Call options give the buyer the right, but not the obligation, to buy an asset at a specified price on
11 months ago
2 mins read
Polygon Labs, the team behind the widely-used Polygon PoS chain, has recently unveiled a groundbreaking proposal for a significant upgrade to the network. This upgrade aims to introduce a revolutionary decentralized Layer 2 (L2) solution, fortified by zero-knowledge (ZK) proofs, which will enhance the security, performance, and overall functionality of the Polygon ecosystem. Referred to as Polygon 2.0, this upgrade holds immense promise for the future of blockchain technology. What Sets This Upgrade Apart What sets this upgrade apart is its pioneering nature. It will mark the first time an existing chain of this magnitude and significance has implemented ZK
11 months ago
2 mins read
Matter Labs’ zkSync Era, a zero-knowledge (ZK) rollup solution designed to enhance Ethereum’s scalability, continues to attract significant capital. The platform recently reached a major milestone, with its total value locked (TVL) surpassing $500 million. This achievement reflects a remarkable 12% increase in just one week, according to data from L2Beat, a leading source of information on layer 2 scaling solutions. As zkSync Era gains momentum, it solidifies its position as the third-largest rollup platform, trailing only Arbitrum and Optimism in terms of total value locked. Rapid Growth of zkSync Era With Ethereum Virtual Machine (EVM) compatibility and native account
11 months ago
2 mins read
A Montenegro court has granted an extension of Do Kwon’s custody for an additional six months, according to reports from Radio Free Europe. The decision was made as the court considers South Korea’s extradition request. Kwon’s arrest in late March stemmed from allegations of using forged travel documents. The judge of the Higher Court in Montenegro stated that the six-month detention was warranted due to the ongoing extradition case requested by South Korea. In a recent development, the same Montenegro court that extended Kwon’s custody had previously approved his bail request in a document forgery case. This decision marks a
11 months ago
1 min read
BlackRock, the world’s largest asset manager, has filed an application with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin spot exchange-traded fund (ETF). If approved, this would be the first Bitcoin spot ETF in the U.S. BlackRock’s ETF would be called the iShares Bitcoin Trust and would be listed on the New York Stock Exchange Arca. The fund would track the price of Bitcoin using the CF Benchmarks Bitcoin Reference Rate (BRR). BlackRock is a major player in the financial services industry and has over $10 trillion in assets under management. The firm’s entry into the Bitcoin ETF
11 months ago
1 min read
Brazilian President Luiz Inácio Lula da Silva has signed legislation providing guidelines for the country’s central bank and securities regulator to regulate the crypto industry. The new law aims to establish a legal framework for cryptocurrencies in Brazil and assign specific roles to regulatory authorities. The recently signed government decree, No. 11.563, outlines the rules and responsibilities assigned to the Central Bank of Brazil (BCB) and the Comissão de Valores Mobiliários (CVM) regarding cryptocurrencies. Under this law, the BCB is authorized to regulate and supervise virtual asset service providers (VASPs), ensuring that they operate in compliance with established guidelines. Meanwhile,
11 months ago
1 min read
Following Robinhood’s announcement of delisting Cardano (ADA), the cryptocurrency experienced a significant crash, alongside other major digital assets. The crypto market has been grappling with regulatory actions and increased volatility, leaving investors uncertain about the future. In this article, leading finance experts provide insights into Cardano’s price trajectory by the end of 2023, considering regulatory developments, ongoing legal proceedings, and technological advancements. Sebastian Purcell, CEO of 1.2 Capital Management Sebastian Purcell believes that the worst is over regarding the SEC issue related to Cardano. However, he points out that the outcome of the Ripple v. SEC lawsuit could have implications
11 months ago
1 min read
Korean crypto lending service Delio has temporarily halted withdrawals until further notice, citing issues related to crypto investment company Haru. The decision was announced through an update on Delio’s website, informing users about the suspension. Haru, known for offering a promising yield of up to 12% through its Earn Plus product, had already suspended deposits and withdrawals on June 13, attributing the action to an undisclosed issue with one of its service providers. Delio’s decision to halt withdrawals is a direct consequence of the situation surrounding Haru. Delio CEO Jung Sang-ho explained to Money Today that the increased number of
11 months ago
3 mins read
Cryptocurrencies have revolutionized the financial landscape, presenting opportunities for individuals to earn daily income. If you’re wondering how to make $100 every day with crypto, this comprehensive guide will provide you with practical strategies and insights. While it’s important to note that cryptocurrency markets are highly volatile and speculative, with potential risks involved, there are ways to increase your chances of consistent daily earnings. Let’s explore some effective methods to help you achieve your financial goals. Day Trading Day trading involves buying and selling cryptocurrencies within a short timeframe, taking advantage of price fluctuations. To succeed in day trading, it’s
