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Godfrey Mwirigi

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bitcoin-btc
Whales Boost Holdings As Bitcoin`s Price Escalate

The Bitcoin bulls continued to stand out in the market. Addresses holding 100 to 10,000 BTC coins are at their highest level since June 11. The price had to test the bottom support of the triangle due to recent price action. The selling pressure has caused the price of Bitcoin to decline more dramatically over the last few days, which has caused an exceptionally pessimistic trend. The bulls continue to stand out as they seem to be watching for the ideal moment to reenter and seize power. As the Whales have been continuously accumulating recently, the BTC price is anticipated

2 mins read
Bankrupt-Celsius-Gets-Approval-to-Sell-Mined-Bitcoin
Bankrupt Celsius Gets Approval to Sell Mined Bitcoin

Celsius Network acknowledged that it ran out of money. Josh Sussberg, an attorney for Celsius, reported the receipt of cash injection offers on Tuesday. Celsius has to invest more money to get its mining operations up and running. A U.S. judge has given the go-ahead for the bankrupt cryptocurrency lender Celsius Network to sell the bitcoin (BTC) that it mines. Celsius Network revealed that it was running low on cash. Since then, the firm has received multiple bids to raise money. During a bankruptcy hearing on Tuesday, Celsius attorney Josh Sussberg reported the receipt of cash-injection bids, although he did

2 mins read
Countdown-to-the-Start-of-the-Yield+-Incentive-Program
Countdown to the Start of the Yield+ Incentive Program

The start of the Yield+ Incentive program is a significant accomplishment. The registration opens on august 14th. Rewards for TVL will begin to be offered on the 28th of August. Many have been surprised by the speed with which the Yield+ Incentive Program has been delivered after months of devoted labor, starting with the study and proposal and continuing through the publication of the Blue Paper. EOS Nation, Greymass, UX Network, Defibox, Joe Louis, Pizza DeFi, and EOS Asia were the founding members of this program’s Working Group, which was funded by the EOS Network Foundation (ENF). The major objective

2 mins read
UK-inflation-hits-a-new-40-year-high-of-10
UK inflation hits a new 40-year high of 10.1%

In July, the UK’s inflation rate increased sharply to 10.1%. Consumer price inflation has been driven by higher food prices. British central bank predicted the future of the rates. UK inflation accelerated more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England. The Consumer Prices Index rose 10.1% in July from a year earlier after a 9.4% gain the month before, the Office for National Statistics said Wednesday. The reading was higher than expected by both the BOE and private-sector economists. 

2 mins read
Ronin-Optimized-to-Enable-Next-Generation-of-Web3-Games
Ronin Optimized to Enable Next Generation of Web3 Games

Sky Mavis created the Ethereum sidechain called Ronin. Axie Infinity’s Ronin has been tailored to serve as a long-term scalability solution. The site will serve as a crucial resource to help understand Ronin’s advantages. Ronin is an Ethereum sidechain built by Sky Mavis, the developers of Axie Infinity. It supports EVM-compatible smart contracts and protocols so that developers are able to build high-performance, feature-rich blockchain projects. Ronin was specifically customized to be a long-term scaling solution for Axie Infinity, meaning it’s optimized to enable virality and to provide global access to the blockchain gaming revolution. These aspects make Ronin a

2 mins read
IOHK-and-NMKR-Collaborate-to-Promote-NFT-Adoption
IOHK and NMKR Collaborate to Promote NFT Adoption

Input Output Media has launched a new collaboration. They are creating a Minting app for a new NFT ecosystem. They also have a new FIAT payment option, lettings users pay using cryptocurrencies. The Cardano blockchain’s creator, InputOutputHK (IOHK), and NMKR, the top NFT minting and payment infrastructure on Cardano have announced a new partnership to promote the use of NFTs. New fiat payment methods developed by NMKR will be incorporated as a result of this partnership. This indicates that consumers can make payments using cryptocurrency as well as conventional currencies. As a result, everyone around the globe will be able

2 mins read
Shiba Inu surpasses Dogecoin’s Twitter followers
Shiba Inu surpasses Dogecoin’s Twitter followers

Shiba Inu Flips Dogecoin on Twitter Shiba Inu now boasts a total of 3,441,546 (3.44M) followers Dogecoin is followed by 3,439,826 (3.43M). Shiba Inu (SHIB) has eclipsed Dogecoin (DOGE) as the most popular canine-themed cryptocurrency on Twitter. This followed SHIB’s extraordinary performance on August 14, 2022 (Sunday), when it increased by more than 30% in a single day. Shiba Inu has overtaken Dogecoin as the most popular cryptocurrency with a canine motif on Twitter, according to real-time data on Twitter follower counts. Shiba Inu now has 3,441,546 (3.44M) Twitter followers, compared to Dogecoin’s 3,439,826 followers (3.43M). Dogecoin was highly popular

2 mins read
Revolut-to-Offer-Crypto-Services-in-Cyprus
Revolut to Offer Crypto Services in Cyprus

Cyprus has granted Revolut the first cryptocurrency license. Revolut also announced that it was doubling down on its crypto strategy. A number of other significant global cryptocurrency startups are based in Cyprus. Revolut has received the first cryptocurrency permission from the Cyprus Securities and Exchange Commission, creating a new European crypto-asset hub to serve its 17 million European consumers with further cryptocurrency services. As the EU’s new crypto regulatory guidelines MiCA take effect, the neo banking platform-turned-“super app” is establishing its European base, but it is still pursuing a license from the UK’s Financial Conduct Authority. Revolut will be able

2 mins read
Binance-Receives-Approval-to-Operate-in-Kazakhstan
Binance Receives Approval to Operate in Kazakhstan

Agencies in Kazakhstan have taken down a number of bitcoin mining equipment. The AFSA granted Binance an in-principle authorization. Binance announced that it had received clearance. Several cryptocurrency mining rigs have been taken down by Kazakh law authorities. The government was compelled to investigate due to the rapid increase in mining activities. The nation has been working hard to stop cryptocurrency-related fraud. In the middle of this, it chose to annex the biggest cryptocurrency exchange in the world. The Astana Financial Services Authority [AFSA] granted Binance an in-principle authorization to conduct business in Kazakhstan, according to a statement. Changpeng Zhao,

2 mins read
Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air
Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air

The Acala hack saw over a billion aUSD stablecoins minted from thin air. Some other functions have also been halted till further notice. The Polkadot-based stablecoin alpaca USD (AUSD)recently lost its peg. Acala, the decentralized finance (DeFi) center for Polkadot, was significantly attacked on Sunday against its brand-new liquidity pool. The hacker was able to create more than 1.2 billion aUSD, the project’s stablecoin, thanks to the flaw. The Acala team informed users on Twitter shortly after the attack that the vulnerability was the result of a “misconfiguration of the iBTC/aUSD liquidity pool.” The project claims that the incorrect setup

2 mins read
The-Netherlands-arrests-Tornado-Cash-Developer-(1)
The Netherlands arrests Tornado Cash Developer

A developer connected to the authorized Tornado Cash has been detained. FIOD began investigations in June, multiple arrests have not been ruled out. The U.S. Treasury sanctioned Tornado Cash on August 8. According to a Fiscal Information and Investigation Service statement, a 29-year-old developer allegedly connected to the authorized Tornado Cash protocol was detained in Amsterdam on Friday (FIOD). Tornado Cash is an Ethereum-based crypto mixing service that allows users to gain a cloak of anonymity when transferring crypto assets. On Monday, the U.S. government sanctioned the service for assisting criminals in laundering stolen money. FIOD began investigations in June,

2 mins read
Gucci-Boutiques-now-Accept-Apecoin-For-Payment
Gucci Boutiques now Accept Apecoin For Payment

Now, several Gucci boutiques accept Apecoin for payment. The Apecoin team announced the news on their blog. It is not yet clear what the long-term plans are for Gucci’s Apecoin experiment. The action taken by the boutique firm is Yet Another Step in the House’s Exploration of Web3 technologies, which they have been active in since early 2020. The move also represents an incremental advance in the use of Apecoin as a means of payment for online transactions. The Apecoin team announced the news on their blog, writing: “We’re excited to announce that Gucci is now accepting Apecoin payments for

2 mins read