Fri, February 7
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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

Russia to Launch CBDC First Consumer Pilot of CBDC on April 1

As of April 1, 2023, the first consumer pilot of Russia’s central bank digital currency (CBDC) will be introduced by the Bank of Russia. According to Russia’s first deputy governor Olga Skorobogatova, digital ruble transactions involving 13 regional banks and many retailers will be introduced by the Russian central bank.

February 17, 2023 1 min read
Royal Mint NFT Proposed by UK PM Rishi Sunak Scrapped

NFT Marketplace KnownOrigin by EBay Introduces Creator Smart Contract

KnownOrigin, a marketplace for non-fungible tokens (NFTs) by the e-commerce platform eBay, is launching creator smart contracts for its artists. This is according to a tweet from the company’s official account on February 16. The new contract allows artists to share in profits and royalties as equal partners. According to

February 17, 2023 2 mins read

Norway Authorities Recover $5.9M Worth Ronin Bridge Hack Funds

According to a statement issued today, Norwegian police have recovered stolen cryptocurrencies worth 60 million krone (almost $5.9 million). As part of an investigation into an assault on Sky Mavis and its game Axie Infinity last year. According to the official announcement, this is one of the greatest seizures in

February 16, 2023 1 min read

Blur Airdrop Evidently Benefited Wash Traders as per Data

Some of the top traders in the world received more than $1 million worth of BLUR tokens during today’s anticipated airdrop for the rising NFT marketplace Blur. More than $1.9 million worth of Ethereum-based governance tokens were acquired by the top traders. Dune’s curation of public blockchain data shows that

February 16, 2023 2 mins read
Crypto ATM Firm Bitcoin Depot Finally Debuts on Nasdaq

FCA of UK Clamps Down on Crypto ATMs Over Non-registration

Recently, the Financial Conduct Authority (FCA) in the United Kingdom has been clamping down on cryptocurrency ATMs. That are not properly registered. The authority claims to have recently visited and investigated a number of locations near Leeds. It is a city in Northern England that was suspected of housing illegally

February 14, 2023 2 mins read

Court Allows FTX’s Turkish Subsidiary To Be Excluded From Proceedings

On Monday, Judge John T. Dorsey of the Delaware Bankruptcy Court approved the discharge of FTX’s Turkish firms from the U.S. bankruptcy proceedings of the defunct exchange. Last month, FTX asked for this order to be signed, stating that the Turkish firms should be excluded since their inclusion is “not

February 14, 2023 1 min read

Huobi Announces Shut Down of Huobi Cloud Wallet as of May 2023

Huobi, a cryptocurrency exchange, has stated that, due to “strategic and product adjustments,” it would no longer provide its Huobi Cloud Wallet service after May 2023. According to a post on Huobi’s help page, the multitoken wallet service will no longer get updates or bug fixes as of February 13.

February 14, 2023 1 min read

Singapore-based DBS Bank To Offer Crypto Trading in Hong Kong

DBS Group Holdings Ltd. plans to apply for a license that would allow it to offer cryptocurrencies to customers in Hong Kong as the region works towards becoming a hub for digital assets. The DBS Bank in Singapore runs a digital currency exchange, which it made available for cryptocurrency trading

February 13, 2023 1 min read

Binance Incorporates zk-SNARKs Into Proof-of-Reserve Verification System

Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs. As part of its proof-of-reserves verification system. A cutting-edge technology that the company claims would enable it to validate its reserves in a more secure, transparent way. Proof-of-reserve verification became an important part of the cryptocurrency

February 11, 2023 1 min read

Uniswap DAO Votes in Favor of BNB Chain Deployment

To implement the planned deployment of Uniswap v3 on the BNB Chain, the Uniswap Decentralized Autonomous Organization (DAO) has just completed the final vote that will be employed. Almost two-thirds of DAO delegates approved the Friday move, as reported by the platform that collected the votes. A follow-up vote held

February 10, 2023 1 min read