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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

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this

April 24, 2024 1 min read
Polkadot (DOT) Faces User Exodus and Bearish Pressure

Polkadot Co-founder Gavin Wood Teases Revolutionary JAM Upgrade

Earlier on Thursday, Polkadot co-founder Gavin Wood teased the release of the Join-Accumulate Machine (JAM) update on X. The goal of this proposal is to completely change Polkadot’s trajectory going forward. At the Token2049 crypto conference in Dubai, Wood introduced the JAM Gray Paper and gave insights about the revolutionary

April 19, 2024 2 mins read
JPMorgan CEO Jamie Dimon Continues Criticism of Bitcoin

JPMorgan CEO Jamie Dimon Continues Criticism of Bitcoin

Jamie Dimon, CEO of JPMorgan, remains a formidable adversary to Bitcoin. According to Dimon, it is not a real currency but rather a swindle. Dimon admitted his skepticism about the veracity and practicality of digital currencies like Bitcoin during a recent interview with Bloomberg TV. He reiterated his belief that

April 19, 2024 1 min read
U.S Court Rejects Kraken's Request to Dismiss SEC Lawsuit

Kraken Unveils New Multi-Blockchain Self-Custodial Mobile Wallet

The Kraken Wallet is the latest addition to Kraken’s product range. Users are able to manage their digital assets on eight major blockchain networks—Dogecoin, Ethereum, Solana, Optimism, Base, Arbitrum, and Polygon—through this self-custodial mobile wallet. Users will have full control over their digital assets with this wallet, and they won’t

April 18, 2024 1 min read
U.S House to Vote on FIT21 Bill for Digital Asset Regulation This Week

Bitcoin Withdrawals From Exchanges Surge Ahead of Halving Event

A substantial spike in Bitcoin withdrawals from exchanges has been uncovered in a recent data study by CryptoQuant on X. There seems to have been a dramatic change in investor sentiment, since this pattern points to a major accumulating period in the crypto market. This rise is particularly noteworthy since

April 18, 2024 2 mins read
U.S House to Vote on FIT21 Bill for Digital Asset Regulation This Week

Coinbase Unveils New Commercial Ahead of Bitcoin Halving

The next Bitcoin (BTC) halving event is the subject of a new commercial that crypto exchange Coinbase has released. This event is set to take place on April 19, 2024. The advertisement underlines the key distinctions between Bitcoin and other currencies in an effort to educate the public about the

April 16, 2024 1 min read
Hong Kong Spot Bitcoin and Ethereum ETFs Set to Debut on April 30

Hong Kong Approves First Spot Bitcoin and Ethereum ETFs

At least three Hong Kong-based issuers have received green lights from the region’s authorities to launch spot exchange-traded funds (ETFs) trading Bitcoin (BTC) and Ethereum (ETH). Reuters said that on April 15, the first spot Bitcoin and Ethereum ETFs were provisionally authorized by the Hong Kong Securities and Futures Commission

April 16, 2024 2 mins read
Donald Trump's First Edition NFT Collection Sees 99% Trading Volume Drop

Donald Trump’s First Edition NFT Collection Sees 99% Trading Volume Drop

Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard,

April 13, 2024 1 min read
Spot Ethereum ETF Decision Looms as SEC's Deadline Draws Near

Hong Kong Nearing Approval for Spot Ethereum ETFs Ahead of U.S

Hong Kong could approve Bitcoin and Ethereum ETFs as soon as next Monday, which would be a huge deal for the crypto community. Bloomberg broke the news, and the crypto world is ecstatic, particularly in light of the phenomenal performance of Spot Bitcoin ETFs in the US. Furthermore, the report

April 12, 2024 2 mins read
BlackRock's Bitcoin ETF Dominates with Substantial Corporate Investors

Grayscale CEO Sees Equilibrium as Anticipated GBTC Outflows Subside

According to the most recent edition of Reuter’s Inside ETFs, the remarks made by Grayscale CEO Michael Sonnenshein about Bitcoin ETFs seem to have sent shockwaves across the cryptocurrency market throughout the world. On April 10, investor interest was piqued by Michael Sonnenshein’s statement that Grayscale Bitcoin Trust (GBTC) outflows

April 11, 2024 1 min read
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