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Elendu Benedict

Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

Canary Files S-1 Form with SEC to Launch Axelar ETF

Asset manager Canary Capital is seeking regulatory nod to launch the first Axelar exchange-traded fund (ETF) after recently launching a trust. The native token of...

Dogecoin On Course to Mirror XRP 2021 Cycle: Here’s What It Means for Prices

A recent analysis has suggested that Dogecoin may underperform this bull cycle as its correlation with XRP’s 2021 fractal grows stronger. Dogecoin started the bull...

Mt. Gox Makes First Major Move Since January, Shifts 12,000 BTC Worth $1B to Unknown Address

Defunct crypto exchange Mt. Gox has made its first significant transaction in two months, transferring 12,000 BTC to new wallets amid a market rebound. Arkham...

Sygnum Bank Expands Off-Exchange Custody to Include Bitcoin and Crypto Options Platform Deribit

Zurich-based digital asset bank Sygnum has added Bitcoin options and derivatives platform Deribit to its off-exchange crypto custody platform. Amid growing cyberattacks on exchanges, Deribit...

Expert Says $2 Will Be a Dream Entry for “Powerful” XRP Just Like $0.30: Here’s Why

A prominent market analyst has insisted that XRP looks primed for new price discovery as things continue to align for the prominent asset. In an...

Whale Who Received 114,500 Ethereum Compensation worth $358M from Genesis Bankruptcy Sells 40,000 ETH

A wallet address that received 114,500 ETH worth $358 million from bankrupt crypto lender Genesis has resumed sales, dumping 40,000 ETH in two days. After...

El Salvador’s Nayib Bukele Says Bitcoin Purchases Would Stand Amid Fresh IMF Pressure

El Salvador has remained defiant on stacking Bitcoin despite renewed pressure from the International Monetary Fund. Its president, Nayib Bukele, has insisted that the public...

XRP Ledger Records Massive Account and Trustline Growth Amid Surging Traction

Activity on the XRP Ledger, XRP's native network, has surged substantially over the past few months, spurred by growing adoption and bullish macroeconomic factors. With...

NYSE Arca Files for a Bitwise Dogecoin ETF with the US SEC

Asset manager Bitwise is the latest contender for a Dogecoin ETF after the NYSE Arca submitted a 19b-4 application to the US SEC. Bitwise, a...

FTX Unloads 3.03M Solana Worth $432.5M as Customer Repayment Gains Momentum

The defunct crypto exchange FTX has unstaked and unloaded millions of Solana into multiple wallets as customer repayment gains momentum. Solana has corrected a staggering...