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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

KuCoin Collaborates with Golf Legend Adam Scott as Global Brand Ambassador

DIA Launches Testnet for Lumina, a Modular Oracle Infrastructure

The testnet for DIA’s new modular oracle infrastructure, Lumina, which aims to increase integration flexibility, scalability, and transparency, has been launched. Lumina, which enables data aggregation, verification, and distribution across blockchains, was created to overcome major problems with current oracles. With support for numerous communications protocols, compatibility with non-EVM chains,

November 27, 2024 3 mins read
KuCoin Launches KuMining Cloud Mining Platform

Phlomis Finance Partners with responsAbility to Expand RWA Investment Options

Phlomis Finance, a real-world asset investment platform built on the Chromia blockchain, has announced a partnership with Zurich-based responsAbility Investments AG. With more than two decades of experience, responsAbility has made a name for itself as a pioneer in impact investing worldwide. With an emphasis on generating impact in developing economies,

November 26, 2024 3 mins read
DeFi TVL Hits 3-Year High as Trump Win Fuels Crypto Market Revival

DeFi TVL Hits 3-Year High as Trump Win Fuels Crypto Market Revival

With investors’ optimism rekindled by the US election and expectations of clearer regulations around digital assets, native tokens from several decentralized finance protocols have seen increases above 50% in November. The charts are returning to levels last seen in 2021 thanks to November’s advances. The total value locked on DeFi

November 26, 2024 1 min read
BitGo Eyes Retail Crypto Market After Years of Institutional Success

Semler Scientific Adds 297 BTC to Holdings, Totaling $117.8M in Bitcoin Reserves

In an announcement about its Bitcoin holdings, healthcare-focused technology business Semler Scientific revealed the purchase of 297 BTC between November 18 and 22, 2024. With fees included, the average price of a Bitcoin was $97,995, and the total cost to the business was $29.1 million. A recent release states that

November 26, 2024 1 min read
MicroStrategy Doubles Down on Bitcoin with $209M Purchase

MicroStrategy Acquires 55,500 BTC, Total Holdings Reach 386,700

The Bitcoin holdings of MicroStrategy have surged once again. The company’s total Bitcoin holdings reached 386,700 after an announcement that it had acquired 55,500 BTC for $5.4 billion. With the purchase of 55,500 BTC from November 18–24 at an average price of $97,862 per bitcoin, MicroStrategy increased its BTC yield

November 26, 2024 1 min read
Asset Management Firm WisdomTree Files XRP ETF Registration in Delaware

Asset Management Firm WisdomTree Files XRP ETF Registration in Delaware

Asset management firm WisdomTree, based in New York, has filed a registration for XRP ETF with the state of Delaware. This first step indicates that the company is just days away from submitting the product’s formal application to the SEC in the United States. Eleanor Terrett, a business journalist for

November 26, 2024 2 mins read
Trust Wallet Integrates Binance Connect, Simplifying Global Crypto Access

Trust Wallet Integrates Binance Connect, Simplifying Global Crypto Access

In order to simplify access to digital assets and improve the user experience, Trust Wallet, which is the leading self-custody Web3 wallet in the world and is trusted by more than 140 million users, has integrated Binance Connect, which is Binance’s official gateway for converting fiat currency to cryptocurrency. Within the context

November 25, 2024 3 mins read
Shytoshi Kusama Teases TREAT Token Launch to Enhance Trust and Governance

Shytoshi Kusama Teases TREAT Token Launch to Enhance Trust and Governance

The introduction of the TREAT token, a significant component of the SHIB ecosystem, was announced by Shiba Inu head Shytoshi Kusama. Ryoshi, the creator of SHIB, had the idea for Treat to replace BONE as the reward token for ShibSwap. Furthermore, beyond these capabilities, TREAT seeks to improve the Shiba

November 23, 2024 2 mins read
Ethereum Rally Continues With Bullish Targets Above $3,900 in Sight

Ethereum Futures Open Interest Hits $20.8B, Signaling Bullish Momentum

With a 12% increase to a record high of $20.8 billion on Friday, the futures open interest in Ethereum may be indicating positive momentum in the derivatives market. According to data from CMC, Ethereum has risen 7.31% in the last 7 days, trading at $3,279 at the time of writing.

November 23, 2024 2 mins read
BitGo Eyes Retail Crypto Market After Years of Institutional Success

CFTC Commissioner Summer Mersinger Advocates for Clear Crypto Regulations

At the North American Blockchain Summit on November 21st, CFTC Commissioner Summer Mersinger spoke about the need for notice and comment regulation in creating uniform US regulations around cryptocurrency. As the new allegations against Uniswap Labs demonstrate, the current “regulation by enforcement” policy is a joint effort by the SEC

November 22, 2024 2 mins read
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