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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

Cardano Unveils New Upgrade to Enhance Staking Accessibility

Cardano’s Upcoming Ouroboros Genesis Marks Shift Towards P2P Networking

The first-ever phase of Ouroboros Genesis is almost here, and with it, a massive improvement for Cardano. This shift is revolutionary since it incorporates P2P (peer-to-peer) activities in its entirety. The decentralization, security, and resilience of the blockchain are all enhanced by peer-to-peer networking. The ability to transmit and synchronize

April 26, 2024 2 mins read
Grayscale Bitcoin Trust (GBTC) Faces Continued Outflow Spree

Grayscale Bitcoin Trust (GBTC) Faces Continued Outflow Spree

Investors have been quite pessimistic about the Grayscale Bitcoin Trust (GBTC) for an extremely long time now. Senior ETF Analyst Eric Balchunas of Bloomberg confirmed that this 72-day period is the longest in the history of global ETF funds. Since January, when the United States government approved the introduction of

April 26, 2024 1 min read
Visa Launches Onchain Analytics Dashboard for Stablecoins Monitoring

Visa Launches Onchain Analytics Dashboard for Monitoring Stablecoins

As a result of all the recent buzz around stablecoins, Visa’s crypto division has released a new platform called the Visa Onchain Analytics Dashboard. It was after seeing a line chart made by well-known crypto enthusiast Nic Carter that Cuy Sheffield, Head of Crypto at Visa, decided to develop the

April 25, 2024 1 min read
Peter Schiff Mocks Bitcoin Slump, Hails Gold’s Rise as Validation

Bitcoin Critic Peter Schiff Warns of Decline Below $60,000 Support

The comment by prominent investor Peter Schiff that Bitcoin, the most valuable digital asset by market cap, would not be able to maintain its psychologically significant support level of $60,000 has started trending. The Bitcoin skeptic began his piece by assuming that the recent decline in gold prices has ended.

April 24, 2024 2 mins read
Hong Kong Spot Bitcoin and Ethereum ETFs Set to Debut on April 30

Hong Kong Spot Bitcoin and Ethereum ETFs Set to Debut on April 30

Two Spot Bitcoin & Ethereum ETF pairings have been approved by the Hong Kong Securities and Futures Commission (SFC), marking a significant decision. Leading figures in the conventional banking and cryptocurrency sectors, Boshi Funds and HashKey Capital Limited, have banded together to launch this groundbreaking initiative. Also, ChinaAMC’s Bitcoin and

April 24, 2024 2 mins read
Hayden Davis Launches $WOLF Token Amid Interpol Red Notice

Binance Faces Lawsuit in Canada Over Alleged Securities Violations

Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules. On April 19, the certification motion for the class-action lawsuit against Binance was published by Ontario’s Superior Court of Justice. The lawsuit claims that Binance provided crypto derivative products to

April 24, 2024 2 mins read
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