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Abdul

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.

Posts by Abdul

LBank Exchange Will List GRN (G) on June 24, 2022

LBank Exchange, a global digital asset trading platform, will list GRN (G) on June 24, 2022. For all users of LBank Exchange, the G/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on June 24, 2022. The blockchain industry has been a source of contention due to its wasteful

June 22, 2022 4 mins read
Shiba Inu Enters Top 5 Crypto Gainers List on Robinhood

Shiba Inu Price Surges 30% in Last 24 Hours Despite Market Downtrend

Since its all-time high, SHIB has plummeted 99 percent. Several members of the Shiba Inu community have been able to burn SHIB. Over the previous 24 hours, Shiba Inu gained more than 30 percent despite the bad market. Amid the market carnage that erupted last week, SHIB joined the ranks

June 21, 2022 2 mins read

Solana NFT Marketplace Magic Eden Secures $130M in Series B Investment

Magic Eden, created in September, was valued at $1.6 billion after the Series B round. Just three months ago, Magic Eden had announced a $27 million Series A round. NFT marketplace Magic Eden, which now controls the great bulk of the Solana market, is preparing for growth. The firm revealed

June 21, 2022 2 mins read
Russian President Proposes New Digital Payment System

Russia Creates SWIFT Payment Alternative Integrating Blockchain Technology

Various technological companies have formed a cult called the Rostec Group. Russia will be able to undertake international transactions and pay for goods in Rubles. Russia’s government agency has created its own international payment blockchain network to replace the Swift system. Various technological companies have formed a cult called the

June 20, 2022 2 mins read
Synthetix (SNX) Price Surges 65% in Last 24 Hours Despite Catastrophe

Synthetix (SNX) Price Surges 65% in Last 24 Hours Despite Catastrophe

The token’s 24-hour trading volume has grown by more than 1,200 percent. This fast increase in SNX is backed by the rising daily network traffic due to its new role. The price of SNX, the native token of Synthetix decentralized finance (DeFi) platform, has rebounded more than 100 percent to

June 20, 2022 2 mins read
ECB's Executive Board Emphasizes Need For Planned Digital Euro Launch

ECB’s Executive Board Emphasizes Need For Planned Digital Euro Launch

It is conceivable to prevent the digital euro from being used as an investment option. Panetta said it would take years until the majority of Europeans own the digital euro. Member of the European Central Bank‘s Executive Board Fabio Panetta cautioned that a digital euro might convert a considerable percentage

June 18, 2022 2 mins read

Bitcoin (BTC) Prices Dive Below $19K Level, Raising Concerns For Investors

If Bitcoin’s price declines, fewer miners will be able to mine. The price movement has also surpassed the 200-week moving average. Those already worried about Bitcoin’s negative price movement are in for a rough week. A new bottom may have been found on Saturday as Bitcoin’s price fell below $19,000.

June 18, 2022 2 mins read

Leading Exchange FTX Announces Plans to Buy Canadian Crypto Firm Bitvo

The purchase is scheduled to conclude in the third quarter of 2022. On June 6, SBF indicated FTX would not reduce or freeze its employment. A deal has been reached to acquire Bitvo, a Canadian crypto platform, by the cryptocurrency derivatives exchange FTX. Announcing the acquisition of Bitvo on Friday,

June 17, 2022 2 mins read
Babel Finance Proposes Launching New Stablecoin To Repay Debtors

Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius

Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending service, Babel Finance, based in Hong Kong, has been hit hard by the recent market drop. Babel Finance, citing “unusual liquidity pressures,”

June 17, 2022 2 mins read
BitMEX Co-founder Benjamin Delo Sentenced to 2.5 Years’ Probation Term

BitMEX Co-founder Benjamin Delo Sentenced to 2.5 Years’ Probation Term

Delo will spend his probation in Hong Kong before returning to his wife. Prosecutors allege that the three failed KYC processes for their U.S. client base. According to the Wall Street Journal, an anti-money laundering banking secrecy act violation by BitMEX exchange co-founder Benjamin Delo has resulted in a 30-month

June 16, 2022 2 mins read