Philip Maina

Nairobi

Content Writer at Freelance

A fresh focus on cryptocurrency news, especially human-interest stories. Plus relevant guides and reviews.

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Articles

DeFi Borrowing Surges by Over 950%, Says Report

1 week ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesDeFi borrowing has increased by more than 950%, according to Galaxy DigitalA Galaxy Digital report scrutinized activities on 20 DeFi protocols on 12 blockchains CeFi crypto lending, however, has dropped by more than 40%A report by Galaxy Digital shows that DeFi borrowing has increased by more than 950% between Q4 2022 and Q4 2024 to reach over $19 billion. Galaxy Digital revealed that decentralized entities control borrowing while centralized protocols flood lending.
CryptoPunks Holder Guilty of Underreporting Millions in Profits

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesA CryptoPunks NFT holder has admitted to underreporting profits on his tax formsWaylon Wilcox committed the crime in the 2021 and 2022 tax periodsHe faces up to six years in prisonWaylon Wilcox, a CryptoPunks NFT trader, has admitted that he lied to the IRS by underreporting his profits on his 2021 and 2022 tax forms.
Court Allows Shaquille O’Neal to Compensate Astrals NFT Investors

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesThe court has allowed Shaquille O’Neal to settle a lawsuit involving Astrals NFTO’Neal had indicated an interest in settling the case for $11 millionThe court said the $2.9 million in legal fees awarded to the plaintiffs’ lawyers is “fair and reasonable”A Florida court has approved former NBA star Shaquille O’Neal’s request to settle a lawsuit involving Astrals NFT for $11 million.
OpenSea Asks SEC To Define Different Types of NFT Platforms

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesOpenSea has asked the SEC to define the different types of NFT platformsOpenSea argues that there’s a difference between an NFT marketplace, broker, and exchangeThe NFT marketplace hopes the clarification will reflect on NFT regulationsNFT marketplace OpenSea urges the SEC to clarify the distinctions between various types of NFT platforms, such as NFT marketplaces, exchanges, and brokers.
Immutable Consolidates Its Ethereum Gaming Networks

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesImmutable has announced that it’ll consolidate its Ethereum gaming networksImmutable X will be combined with Immutable zkEVMAssets on the folded network will be transferred to the new chain on a 1:1 ratioEthereum gaming platform Immutable has announced it’ll combine its gaming networks into one and assets on the folded chain transferred to the new network.
Magic Eden Acquires Mobile Crypto App Slingshot Finance

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesMagic Eden has acquired mobile crypto trading app Slingshot Finance Magic Eden will use the app to service crypto and memecoin tradersSlingshot is a multichain app and plans to add support for Bitcoin-based tokensNFT marketplace Magic Eden has acquired mobile crypto trading app Slingshot Finance to expand its services into crypto and meme coin trading.
Number of Active Web3 Developers Shrinks by 40% in a Year

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesThe number of active web3 developers has dropped by almost 40% in a yearThe drop is attributed to funding issues and a lack of developer supportReduced developer activities indicate an unhealthy web3 ecosystemThe number of active web3 developers has declined by nearly 40%, according to an analysis by crypto analytics platform Artemis Terminal.
Department of Justice to Shutter Cryptocurrency Enforcement Team

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutes The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, redirecting focus to crimes involving digital assets Deputy Attorney General Todd Blanche criticized previous “regulation by prosecution” approaches, emphasizing a shift toward prosecuting individuals exploiting digital assets for crimes like terrorism and human trafficking This move aligns with President Donald Trump’s executive order promoting open access to blockchain networks...
PoisonSeed Campaign Exploits CRM Accounts to Steal Cryptocurrency

2 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesA new malware campaign targets users of email service providers like MailchimpThe campaign involves sending unsolicited emails to the users, duping them into revealing their login details to their bulk email service providersThe malicious actors then download a victim’s mailing list to target crypto and non-crypto usersMalicious actors are now targeting users of bulk email service providers like Mailchimp and SendGrid in a new crypto malware campaign.
Web3 Game Infected Blames Base for Failed Launch

3 weeks ago | fullycrypto.com | Philip Maina

Reading Time: 2 minutesWeb3 game Infected is blaming Ethereum scaling layer Base for a failed launchThe game now wants to abandon Base for SolanaBase has refuted the claims, saying that the network “hummed along, just as it should”Web3 game Infected claims that the Ethereum layer 2 network Base could not handle an influx of users during the game’s launch. Infected stated that Base experienced transaction congestion, contributing to a spike in gas fees, forcing users to abandon the game.