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Articles by Tokoni Uti

VanEck Europe Eyes Major Income from Crypto

March 5, 2024

[unable to retrieve full-text content]CoinspeakerVanEck Europe Eyes Major Income from Crypto
VanEck Europe’s CEO has said that the company plans to have half of its income coming from cryptocurrency.
VanEck Europe Eyes Major Income from Crypto

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Rollup Platform AltLayer Raises $14.4M in Funding Round

February 19, 2024

[unable to retrieve full-text content]CoinspeakerRollup Platform AltLayer Raises $14.4M in Funding Round
The money raised will be allocated for expanding the AltLayer team and improving its infrastructure
Rollup Platform AltLayer Raises $14.4M in Funding Round

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FDUSD Trading Pairs Dominate on Binance

February 15, 2024

[unable to retrieve full-text content]CoinspeakerFDUSD Trading Pairs Dominate on Binance
FDUSD trading pairs have reached a new milestone just weeks before all BUSD balances will be converted to FDUSD.
FDUSD Trading Pairs Dominate on Binance

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Spanish City of Torrevieja Adopts Crypto-Friendly Digital Economy

February 12, 2024

[unable to retrieve full-text content]CoinspeakerSpanish City of Torrevieja Adopts Crypto-Friendly Digital Economy
With this development, the city joins the ranks of other places around the world that have taken a fiercely pro-crypto stance.
Spanish City of Torrevieja Adopts Crypto-Friendly Digital Economy

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Rich Dad Poor Dad Author Declares Bitcoin as ‘Parachute’ amidst Bank Woes

February 8, 2024

[unable to retrieve full-text content]CoinspeakerRich Dad Poor Dad Author Declares Bitcoin as ‘Parachute’ amidst Bank Woes
The author of ‘Rich Dad, Poor Dad’ Robert Kiyosaki said in a recent tweet that the situation with banks account the world is concerning and that investors need to be prepared.
Rich Dad Poor Dad Author Declares Bitcoin as ‘Parachute’ amidst Bank Woes

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South Korean Regulators to Consult SEC on Bitcoin ETFs

February 5, 2024

[unable to retrieve full-text content]CoinspeakerSouth Korean Regulators to Consult SEC on Bitcoin ETFs
The meeting with the SEC is now another step in South Korea’s journey of developing its local crypto economy.
South Korean Regulators to Consult SEC on Bitcoin ETFs

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BlackRock Proposes Bitcoin ETF Ads on Former Banks

February 1, 2024

[unable to retrieve full-text content]CoinspeakerBlackRock Proposes Bitcoin ETF Ads on Former Banks
Ads for BlackRock’s Bitcoin ETF will be projected onto closed bank buildings, as per a new filing. The ads will show major milestones in the financial world, including the creation of Bitcoin.
BlackRock Proposes Bitcoin ETF Ads on Former Banks

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DZ Bank to Launch Crypto Trading This Year

February 1, 2024

[unable to retrieve full-text content]CoinspeakerDZ Bank to Launch Crypto Trading This Year
After launching a digital assets custody platform for crypto last year, DZ has announced a new crypto project, this time for individual investors. It is due to be rolled out later this year.
DZ Bank to Launch Crypto Trading This Year

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OKX Axing Its Mining and Related Services

January 26, 2024

[unable to retrieve full-text content]CoinspeakerOKX Axing Its Mining and Related Services
OKX did not elaborate on the reason for this decision but simply said that it was due to business adjustments.
OKX Axing Its Mining and Related Services

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Matrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking

January 26, 2024

[unable to retrieve full-text content]CoinspeakerMatrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking
Q1 has been predicted to be challenging for Bitcoin according to Matrixport, with the price expected to dip to around $36,000 and then recover.
Matrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking

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Mercedes-Benz Unveils In-Car Virtual Assitant with NFT and Generative AI Capabilities

January 16, 2024

The virtual assistant is designed to offer very natural and empathetic interactions with consumers and features four different emotions.

One of the ways that we see blockchain-based assets progressing is the ways in which they are made more accessible in everyday life. This is especially true when they are being pushed by major corporations and we have seen this time and time again. One of the latest examples of this comes from Mercedes-Benz, which unveiled its new MBUX Virtual Assistant at CES 2024. This virtual assistant comes with a horde of capabilities, including generative AI and NFT options.
Details About the MBUX Virtual Assistant
This new virtual assistant has been described as “the most human-like interface with a Mercedes-Benz yet”. The assistant is designed to offer very

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OKX to Expand Services into Middle East with New Dubai License

January 16, 2024

Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business.

Crypto businesses looking to expand all over the world often face the challenge of needing to secure approval from various regulators to get started. As we’ve seen in the past, this is not always the most straightforward process and can come with a horde of challenges. Thankfully for OKX Middle East Fintech FZE, the Middle Eastern subsidiary of OKX, it will be able to begin its operations in the UAE. This comes as the company has secured a license from the Dubai Virtual Assets Regulatory Authority (VARA).
OKX to Begin Operations in the Middle

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Celestia’s Native Token TIA Crosses $20, Reaches New All-Time High

January 15, 2024

Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko’s trending tokens list.

2024 has started off on a positive note for the crypto market. Besides the Bitcoin ETF and the air of excitement that it has created, several altcoins are seeing positive price movement. Along with more optimism from investors, many of these projects offer new and exciting uses for crypto and blockchain. One example of this is TIA, the native token of Celestia. TIA has just crossed the $20 mark, which represents a new all-time price high and places it in the top 40 cryptos by market cap.
Celestia (TIA) on the Rise
One of the main things that TIA has going for it is being attached to a very innovative project. Celestia is the first modular blockchain network that allows

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New Bitcoin Spot ETF Attracting Capital from Other Products, Says JPMorgan

January 15, 2024

JPMorgan predicts that a lot of money currently invested in other crypto instruments will be re-directed to the Bitcoin spot ETF.

Even before the Bitcoin spot ETF was approved, industry experts had already predicted that it would be high in demand. Given how many years companies in the crypto space pursued an ETF, that was to be expected. But now, a report from JPMorgan casts light on just how popular the new crop of spot Bitcoin ETFs has been. As per the report, a lot of the capital already invested in other Bitcoin products could be moved to the ETF.
Crypto Capital Being Moved
One of the first things that the report tackled was the belief that new capital will enter the market because of the ETFs. Some had believed that once the ETFs launched, investments that had not previously been

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Coinbase Pursues Africa Expansion with Yellow Card Partnership

January 12, 2024

As Coinbase has pointed out,  fiat transfer fees can get as high as 3% to 6%. Through this partnership with Yellow Card, users will pay a maximum of 2% for each transaction.

One of the benefits of cryptocurrency and blockchain being such barrier-breaking concepts is that people from all over the world can gain access to them. As such, projects and companies in the blockchain space often find themselves serving an international audience with all sorts of needs. Now, Coinbase, one of the biggest companies in the blockchain space, has announced a new partnership with Yellow Card, a stablecoin exchange. This partnership is designed to help Coinbase expand into the African market and establish a presence there.
Coinbase’s New Partnership
The partnership was officially announced on January

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BNB Beacon Chain Fusion Releases Six-Month Plan

January 12, 2024

BNB Chain intends to disable its atomic swap feature in April and all Bridge providers will be expected to begin informing users by February.

We are in the first few weeks of 2024 and the scene is seemingly being set for the rest of the year. The industry is still on a high note from the recently- announced Bitcoin spot ETF approval but even more news is rolling in. The latest comes from BNB Chain, which recently announced the six-month roadmap for its BNB Beacon Chain Fusion. The roadmap was officially released on January 11, 2024.
How BNB Will Change
As per the official release, there will be a shift in the BNB Chain’s network architecture moving forward. This will be “carefully managed through a series of clear monthly targets”.

January appears to be one of the busier months in

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OKX Delisting Privacy Tokens in 2024

December 29, 2023

OKX has announced that it is deleting 11 trading pairs. These changes will go into effect from early January 2024.

For years, privacy tokens have been controversial in the crypto industry. Privacy tokens are cryptos that cannot be traced and offer complete anonymity for those who use them. Some see them as useful and necessary for preserving the privacy of users and others see them as dangerous. Now, the popular crypto exchange OKX has announced that it will be delisting several privacy tokens in the new year, including Monero. These changes will come into effect on January 4 and 5, 2024.
Monero and Others to Be Affected
According to the official announcement from OKX, 11 different tokens are due to be delisted and this was based both on its own guidelines and feedback from its users.

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Ethereum Founder Vitalik Buterin Says Original Web3 Vision Has Been Lost

December 29, 2023

In a new blog post, Vitalik Buterin noted the loss of the original web3 values, the ways that the community can get back on track, and the progress that Ethereum has made so far.

Vitalik Buterin has always been a big personality. As one of the founders of Ethereum, he has been a major figure within the crypto world for over a decade. He is also known for being outspoken about his views, which has sometimes led to him feuding with others. But his most recent blog post, published by Buterin on his personal blog, seems him calling out the current culture within the crypto industry and claiming that the initial vision of web3 has been lost.
Buterin Speaking on the Lost Vision of Web3
In the post titled “Make Ethereum Cypherpunk Again”, Buterin recalled several trips he took in the early

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Blast Secures $1.1B in Deposits Ahead of Launch

December 28, 2023

The native BLUR token has also seen positive price movements.

2024 is only a few days away and we already have many highly anticipated blockchain projects in the works. Even though it is the holidays, crypto lovers are still engaging with these projects and many of them seem very promising. Take Blast, a layer-2 blockchain that is being launched by the creators of Blur. The blockchain will not be fully live until February 2024 but has already reported an impressive $1.1 billion in deposits.
Blast Makes a Splash
According to publicly available data, users have deposited $1 billion worth of wrapped Ether and $103 million worth of DAI so far. This is a very encouraging sign as it shows that the community is invested in the project and is putting their money where their mouth is.

And

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PancakeSwap Community Votes to Reduce CAKE Token Supply

December 28, 2023

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million.

One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard.
A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a proposal to reduce the supply of the popular CAKE token by 300 million units. This was a resounding success in the community and was quickly approved.

PancakeSwap Token Supply to Be Reduced
In a statement released to the media, the management of PancakeSwap said that its motivation for reducing the

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AI Overtakes Crypto in Google Searches for 2023

December 26, 2023

AI has overtaken crypto in Google searches for the first time since 2020. This is credited to the rise of generative AIs like ChatGPT and the crypto winter.

As 2023 is rolling to a close, the industry as a whole is looking back on the year and taking stock of how it performed. One way we’ve done this in the past is by looking at Google search trends. As the biggest search engine on the planet, Google gives us insight into what was popular in a given year.
This year, it seems that artificial intelligence was so popular that it eclipsed crypto and blockchain in terms of Google searches. This shows a reverse of previous trends we’ve seen since 2020.

AI on the Rise
What makes this development especially interesting is the fact that since 2020, Bitcoin has been outpacing AI in terms of

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Solana Cancels Some Orders for Saga Phones Due to Inventory Management Issue

December 22, 2023

Following a spike in demand, Solana has canceled some orders of Saga mobile phones due to shortages. Demand rose due to the free 30 million BONK tokens that come with the phone.

Solana Labs might have already had a win on its hands with its blockchain and native token which have become some of the biggest in the industry. But the company decided last year to enter the mobile phone business by releasing the Solana Saga, an Android phone that came with Solana apps pre-installed and many other features that a crypto lover would need.
Now, it seems that the demand for this phone has become unmanageable as Solana Mobile announced on December 22nd, 2023, that it will be canceling orders made for the phone.

Solana Labs Overwhelmed?
It is worth noting that a lot of the issues that Solana is

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Bitcoin for Contracts Now Legal in Argentina

December 22, 2023

Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice.

Ahead of Christmas, the crypto sector in Argentina has gotten a major win as contracts denominated in Bitcoin have now been legally recognized. This news comes via  Argentina’s Minister of Foreign Affairs, Diana Mondino. This also comes as Argenitna’s national currency the Argentine peso has seen a dip in its value.
Bitcoin Contracts Come to Argentina
With the new law, parties in Argentina can create contracts in which Bitcoin is the stipulated currency. This, in turn, benefits those who use cryptocurrency and furthers the legal recognition of these tokens within the country.

“We ratify and confirm that in Argentina

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Three Arrows Capital Founders See $1 Billion Asset Freeze

December 21, 2023

A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year.

One of the most notable events in the crypto industry last year was the collapse of the Terra ecosystem. After Terra failed, many companies connected or exposed to it suffered losses as well. One of these was Three Arrows Capital which filed for bankruptcy in July 2022.  Now, about $1 billion in assets belonging to Three Arrows Capital’s three founders have been frozen by a British Virgin Islands court. The founders affected by this new court order are  Su Zhu, who is currently in prison, Kyle Davies, and Kelly Chen.
Three Arrows Faces More Woes
Three Arrows faced a plethora of challenges once Terra

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Lynex Integrates dLIMIT and dTWAP Protocols

December 20, 2023

Thanks to a new integration with Orbs-based dLIMIT and dTWAP protocols, users of the popular DEX Lynex can enjoy limit and TWAP orders.

Popular Linea-based DEX Lynex has announced the integration of both dLIMIT and dTWAP protocols into its platform. dLIMIT and dTWAP are decentralized, permissionless DeFi protocols based on the Orbs network and both offer a plethora of benefits for Lynex users.
How dLIMIT and dTWAP Benefit Lynex
Thanks to this new integration, traders on Lynex can break orders into smaller bits through TWAP orders and guarantee prices for buyers at no extra cost. dLIMIT and dTWAP granting access to advanced order types have made them very high in demand. This is the 9th integration of the two as they have previously been used by other DEXs such as QuickSwap, Thena, and

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Bitcoin Price Reacts Positively with 5% Increase as BlackRock Nears ETF Deal

December 19, 2023

BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news.

Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the crypto market as a whole, everyone seems convinced that BlackRock will make history with the ETF by next year.
The company has scored another coup in this endeavor by agreeing to some requirements set out by the SEC. In response, the price of Bitcoin has shot up.

How BlackRock Is Securing the Bitcoin ETF
As per official documents released on the SEC website, BlackRock has made some amendments to its application. Specifically, BlackRock agreed to exclude

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Crypto Was Institutionalized in 2023, Says Goldman Sachs

December 18, 2023

According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading.

For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years, institutional support would mean both more financial benefits and public validation. Well, according to Goldman Sachs, 2023 saw significant progress in institutionalizing the crypto industry.
Goldman Sachs: How Crypto Went Institutional
Goldman Sachs notes that 2023 especially saw the development of regulated derivatives and platforms that offer them for sale. Some of the notable ones include Coinbase Derivatives, CBOE, and Eurex,

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Adobe and Figma Set to Terminate $20B Acquisition Deal amid Regulatory Issues

December 18, 2023

Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated.

Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns among regulators.  Now, Adobe and Figma have announced that they will be scrapping the deal due to the regulators’ concerns and demands.
Adobe Exiting the Deal with Figma
Adobe is already a global leader in the design space and when the acquisition was announced, there was concern that it would give the company too much influence. In response, the Competition and Markets Authority (CMA) blocked the deal and said that Adobe would have to satisfy its

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Solana Developers Get More than $600K as BONK Soars in Price

December 15, 2023

The 25 billion BONK tokens airdropped to Solana developers last year are now worth over $600,000 after the meme token has rallied in the last few months.

During the holidays, it is common for companies to give their employees bonuses, usually in cash or kind. But last year, Solana developers got a potentially life-changing bonus when they were airdropped 25 billion BONK tokens each.
Now, a year later, these developers could find themselves making quite a profit after the value of BONK has skyrocketed.

BONK to the Moon
BONK is a meme token in the same vein as Dogecoin and SHIBA. Based on internet memes, these tokens are not always taken seriously in the industry. Last year, Solana developers were asked to fill out a form in the LamportDAO community. Those who did had the tokens

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