Tue, September 15
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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

EU Officials Explore Initiatives To Increase Openness of AI Technologies

EU Officials Explore Initiatives To Increase Openness of AI Technologies

Additional initiatives to increase the openness of AI technologies like OpenAI’s ChatGPT have been explored by European Union officials. Companies using generative AI technologies that have the “potential to generate disinformation” should mark their material. Vera Jourova, vice president for values and transparency at the European Commission, told the media

June 6, 2023 1 min read
Multichain (MULTI) Price Surges 40% as Cross-chain Bridges Back Online

Multichain (MULTI) Price Surges 40% as Cross-chain Bridges Back Online

On-chain specialists verified on June 5 that Multichain protocol transactions were taking place, signaling the return of certain cross-chain bridges. Vice President and admin Tung Dinh of Multichain has verified that router2 has returned to service. The price of Multichain’s native token, MULTI, soared by 40% in a matter of

June 5, 2023 1 min read
Senior Analyst Predicts Catastrophic Decline for BTC and Crypto Market

Senior Analyst Predicts Catastrophic Decline for BTC and Crypto Market

Well-known Bloomberg analyst Mike McGlone is skeptical about Bitcoin’s recent price movement. McGlone issued his June Crypto Outlook report, which predicts a catastrophic decline for the flagship cryptocurrency and the whole crypto market in the next months, lending more support to his prediction. The senior macro analyst at Bloomberg Intelligence

June 3, 2023 1 min read
Terra Classic, LUNC, Do Kwon

Terra Classic’s Joint L1 Releases v2.1.0 Upgrade Proposal

The proposal for the upgrade to v2.1.0 of Terra Classic was issued by the Joint L1 Task Force (L1TF) for debate and evaluation on Commonwealth. Since the Terra Classic community gained control of the blockchain in May of last year during the Terra-LUNA dispute, this is one of the most

June 3, 2023 2 mins read
Qatar Central Bank Criticized by FATF Over Crypto AML Implementations

Qatar Central Bank Criticized by FATF Over Crypto AML Implementations

Qatar Central Bank (QCB) has been criticized by the Financial Action Task Force (FATF). This is for failing to effectively implement QCB’s own policies forbidding virtual asset service providers. To successfully tackle developing kinds of criminal conduct. Such as punishing virtual asset service providers. Qatar has to enhance its skills,

June 2, 2023 1 min read
MakerDAO Implements Interim Fee Adjustments to Strengthen Protocol

MakerDAO Community Votes in Favor of Eliminating USDP Exposure

On Thursday, voters decided unanimously to remove Paxos from the reserve asset holdings, after a vote on a governance proposal to reduce the USDP debt cap from $500 million to zero. There were 35 voters that cast a total of 73,249 MKR tokens. According to the proposal’s authors at MakerDAO

June 2, 2023 1 min read
ECB Raises Interest Rates by 0.25% Amid Inflation Concerns

ECB President Signals Upcoming Additional Interest Rate Hikes

In a speech on Thursday, European Central Bank President Christine Lagarde indicated that additional interest rate rises were likely throughout the continent since it is not yet clear that core inflation in the eurozone has peaked. In a lecture given Thursday in Hanover, Germany, Lagarde said, “There is no clear

June 1, 2023 1 min read
Investment Bank

Investment Bank TD Cowen Announces Closure of Crypto Division

Cowen Digital, the cryptocurrency division of American independent investment bank TD Cowen, has been shut down a little over a year after its establishment, for reasons that have not been made known. In March 2022, the international bank established Cowen Digital to provide institutional customers access to the cryptocurrency market

June 1, 2023 1 min read
Binance CEO Dismisses Affiliation Claims With Ceffu Amid SEC Dispute

Binance Prohibits Trading of Several Privacy Coins in France

Binance, the largest cryptocurrency exchange in the world, has decided to restrict trade in many privacy currencies, including Monero (XMR), Zcash (ZEC), and Dash (DASH), in France. Emails sent to French customers translate to “local regulatory requirements” as the reason the exchange disabled trading of crypto assets in France. According

May 31, 2023 1 min read
Crypto.com Hits 100 Million Users, Expands with Strategic Partnerships and Events

Crypto.com Offers US Users To Pay in Crypto for Leading Brands and Earn Rewards

We are happy to announce that, solely inside the App, US users of the Crypto.com App may now spend 30+ coins on 150+ leading consumer brands spanning fashion, grocery, electronics, and more. Additionally, they will get up to 10% in Pay Rewards on each qualifying purchase* that is made in CRO.

May 31, 2023 1 min read