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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

Sega's Co-COO Expresses Optimism in Blockchain Gaming and NFTs

Gaming Giant Sega No Longer Interested in Blockchain Gaming Plans

To prevent what it sees as a devaluation of its content, gaming giant Sega has declared a deliberate withdrawal from its blockchain activities. Co-chief operating officer Shuji Utsumi has said that the Tokyo-based company, known for games like Sonic the Hedgehog and Virtua Fighter, has no plans to include blockchain

July 7, 2023 2 mins read
United Kingdom Law Commission Urges Clarity on Crypto Lending

United Kingdom Law Commission Urges Clarity on Crypto Lending

There has to be more clarity about crypto lending, according to the lawyer directing the United Kingdom’s Law Commission’s review of the application of British laws toward digital currencies. In an interview, Laura Burgoyne elaborated on those four key suggestions to the British government. The country’s legislative structures and their

July 6, 2023 2 mins read
Federal Court Freezes Assets of Former Celsius CEO Alex Mashinsky

CFTC Reports Insolvent Celsius and Former CEO of Violating U.S. Rules

Bankrupt crypto lender Celsius and its former CEO Alex Mashinsky allegedly infringed many United States rules before the company’s collapse in 2022, as found by investigators from the Commodity Futures Trading Commission (CFTC). Attorneys from the CFTC’s enforcement section reportedly determined that Celsius deceived investors, failed to register with the

July 6, 2023 1 min read
OPNX

OPNX Introduces Credit Currency for Margin Trading Dubbed ‘oUSD’

Mark Lamb, co-founder of OPNX, announced the creation of a credit currency for margin trading on July 5 in a statement. The “phase 1” release of the oUSD currency requires users to put crypto assets into the exchange before they may obtain oUSD. To facilitate potential “bankruptcy remoteness,” Lamb said

July 5, 2023 2 mins read
Fake Bitcoin ETF Approval Report Causes Brief BTC Price Spike

ProShares Bitcoin Strategy ETF Yet Again Surpasses $1B AUM

Assets under management (AUM) for the ProShares Bitcoin Strategy ETF (ticker symbol: BITO) have risen back beyond $1.04 billion thanks to massive inflows over the last few weeks. According to ETF.com, on June 29 investors put in $14.9 million, and on July 3 they put in another $11.9 million. Since

July 5, 2023 2 mins read
Founders of Insolvent 3AC Lure Investors With Reimbursement Scheme

Founders of Insolvent 3AC Lure Investors With Reimbursement Scheme

Several months after their failed hedge firm 3AC went bankrupt, its founders launched two new businesses: a cryptocurrency exchange platform called OPNX and a new hedge fund named 3AC Ventures. So far, the 3AC ventures website consists just of a generic message requesting potential investors to send them an email.

July 4, 2023 1 min read
Gemini Co-founder Files Lawsuit Against DCG and Its CEO

Gemini Co-Founder Threatens Legal Action Against DCG CEO

In an open letter, Gemini’s co-founder and president Cameron Winklevoss issued a 3-day deadline to Digital Currency Group’s (the parent company of defunct cryptocurrency lender Genesis) founder and CEO Barry Silbert. The president of Gemini has threatened legal action if Silbert and DCG do not accept the modified offer by

July 4, 2023 2 mins read
Polygon Labs and Warner Music Group Launch Music Accelerator Program

Polygon Labs and Warner Music Group Launch Music Accelerator Program

Warner Music Group, a behemoth in the American entertainment industry, and Polygon Labs have expanded their partnership with the introduction of a music accelerator program designed to spur “the next generation of innovation at the intersection of Web3 and music.” The two organizations intend to provide funding for the development

July 3, 2023 1 min read
Twitter Accounts of Aptos Network Hacked To Promote Fake Airdrop

Azuki DAO Token Contract Exploited by Hacker, 35 ETH Stolen

On Monday, two adversaries exploited a flaw in the Azuki DAO governance token contract and stole 35 ETH. Because the contract’s signature claimed variable wasn’t adequately validated, replay attacks were possible. The contract is now paused, according to MetaSleuth, a blockchain intelligence business. On the other hand, Members of the

July 3, 2023 2 mins read
Binance Introduces UK Domain Eyeing Compliance With New Laws

Binance Pay Enables Over 600 Airlines to Accept Crypto Payments

Over 600 airlines across the globe now accept payments in several digital currencies thanks to Binance Exchange’s Binance Pay service. Binance said that the new service was made possible by the exchange’s partnership with Alternative Airlines. The latter is an online travel agency that accepts payments in more than 70

July 1, 2023 2 mins read
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