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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

Circle CEO Anticipates More Crypto Firms Filing Bankruptcy in 2023

On Tuesday, Circle CEO Jeremy Allaire predicted additional bankruptcy filings in the cryptocurrency sector in 2023. Due to ongoing early-stage company struggles. He is nevertheless hopeful about forthcoming market innovations. And an increase in the pace of crypto adoption in 2023 as a result of advancements in legal frameworks and

January 17, 2023 1 min read

Founders of Insolvent Three Arrows Starting New Exchange ‘GTX’

As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) and the cryptocurrency exchange CoinFlex, respectively, are looking to raise $25 million to start a new exchange called GTX. Bankrupt crypto businesses including Mt. Gox, Celsius, BlockFi, and the most

January 16, 2023 2 mins read

Brazil’s Bradesco Tokenizes First Batch of Bank Credit Notes

As one of the first Brazilian organizations to use blockchain technology. Bradesco, a major financial institution in Brazil and Latin America, has joined the cryptocurrency revolution. On January 13, 2023, the bank said that, as part of a pilot study to evaluate the viability of these technologies. It has tokenized

January 16, 2023 2 mins read

Crypto Mixers – The Complete Guide to Anonymous Bitcoin Transactions

Cryptocurrencies like Bitcoin are becoming increasingly popular due to their decentralized nature and ability to operate at low costs. However, since these transactions use a pseudonym system, anyone can trace them back to you. Crypto mixers allow users to anonymize their transactions by breaking the link between an individual’s address

January 15, 2023 6 mins read

Hodlnaut Creditors Demand Liquidation Over Restructuring Plan

Creditors of Singapore-based cryptocurrency lending platform Hodlnaut have rejected the company’s suggested restructuring plan and instead demand liquidation of the platform’s assets. The group of creditors did not approve of a restructuring proposal. That would have kept the present board of directors in place throughout the transition period. Reports from

January 13, 2023 2 mins read

Binance Announces Support For Upcoming Terra Classic Upgrade

Binance, a cryptocurrency exchange, has announced today that it would facilitate the upgrade to Terra Classic (LUNC), a project that sprung from the defunct Terra ecosystem. The update is scheduled to take place this Saturday. The update will take place at epoch 15,029, or around 04:50 UTC on Saturday, after

January 13, 2023 1 min read

Thailand SEC Reportedly Investigating Insolvent Zipmex Exchange

Reportedly, the Securities and Exchange Commission (SEC) of Thailand has begun looking into the troubled cryptocurrency exchange Zipmex. The latter’s compliance with local regulations on the sale of digital asset services and goods will be scrutinized by the regulator. Bloomberg reports that Thailand’s top financial regulator is to investigate insolvent

January 12, 2023 2 mins read

Crypto Market Rallies as U.S CPI For December Falls to 6.5%

The Consumer Price Index for December showed a gain that was in line with expectations, at 6.5%. The December CPI numbers were recently issued by the US Bureau of Labor Statistics. Minutes before the report was released, the cryptocurrency market was modestly positive, with most assets trading in the green.

January 12, 2023 1 min read

Crypto Exchange Binance Receives Regulatory License in Sweden

Binance, the biggest cryptocurrency exchange in the world, is now officially recognized as a legal entity in Sweden by the Swedish Financial Supervisory Authority for the purpose of managing and trading virtual currencies. Furthermore, after Italy, France, Spain, Poland, Cyprus, and Lithuania, this is the seventh EU country where the

January 11, 2023 1 min read
Cathie Wood Led Ark Invest Buys Block Inc Shares Amid 15% Price Plunge

Ark Invest Yet Again Buys Coinbase Shares Worth $1.45M

An email sent to investors on Tuesday revealed that Cathie Wood’s investment business, Ark Invest, had bought an additional 33,756 shares of Coinbase (COIN) on Tuesday. With a price of $43.23 per share approx, the total value of the acquisition is around $1.45 million. The money was invested in the

January 11, 2023 1 min read