Fri, February 7
Profile picture of Abdul

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

Binance to Briefly Pause Tron (TRX) Deposits Amid Wallet Maintenance

Binance, a prominent cryptocurrency exchange, has stated that on January 30, 2023, at 6:00 a.m. (UTC) it would execute wallet maintenance for the Tron Network (TRX). The duration of this is roughly 1 hour. Therefore, commencing on January 30 at 5:55 a.m. UTC, Tron Network (TRX) deposits will be temporarily

January 27, 2023 2 mins read
Meta and NBA Extend Collaboration to Stream Games in Metaverse

Meta and NBA Extend Collaboration to Stream Games in Metaverse

The National Basketball Association (NBA) has reached an agreement to stream certain games in the metaverse for free. The firm extended its existing collaboration with Meta on January 23 to continue broadcasting its games utilizing VR (virtual reality) technology. Moreover, Meta’s consumer headgear, the Meta Quest 2, will be utilized

January 27, 2023 2 mins read

Whale Transfers Over $117 Million Worth Dogecoin to Binance

As the cryptocurrency market began to rebound in January, Dogecoin also saw a 30% increase in value. The price of DOGE has dropped somewhat over the last two days due to a general market selloff but gained little momentum today. Also, owing to traders’ lack of interest, whales have been

January 26, 2023 1 min read

Dutch Central Bank Imposes $3.6 Million Penalty on Coinbase

The Dutch central bank (DNB) has fined Coinbase, the leading cryptocurrency exchange in the United States, 3.3 million euros ($3.6 million) for failing to get the necessary registration before offering crypto services in the Netherlands. The DNB said that it had considered Coinbase’s prominence as a cryptocurrency exchange and the

January 26, 2023 1 min read

Circle Criticizes SEC Over Approval Leading to Fallout of SPAC Deal

USDC stablecoin issuer Circle claims the SEC’s inactivity caused it to be unable to go public. Via a $9 billion SPAC merger last year. In the wake of the FTX cryptocurrency exchange’s collapse last month. A planned merger between Circle and Concord Acquisition, a special-purpose acquisition firm established by former

January 25, 2023 1 min read

User Purchases 850 Billion Shiba Inu (SHIB) Worth $9.2M

In anticipation of the release of the beta version of the Layer 2 protocol for Shiba Inu, some members of the SHIB army have opted to stock up on SHIB. Ali Needazar, a Twitter user, posted a screenshot of a Shiba Inu purchase. A tweet claims that a user paid

January 23, 2023 1 min read
Couple of Whales Dump Over 1 Billion Doge Amid Twitter Symbol Saga

Whales Amass Over 500 Million Dogecoin (DOGE) in Last 2 Days

This weekend, the biggest Dogecoin whale traded almost 165 million DOGE coins. As market sentiment improved after zero-fee trading platform Robinhood announced support for Dogecoin in its newly launched wallet, many “whales” bought up massive quantities of DOGE coins.  Whale Alert claims that over 500 million Dogecoin have been snatched

January 23, 2023 1 min read

Russia-linked Darknet Market Solaris Hacked as per Elliptic

An organization called Kraken, not to be confused with the well-known cryptocurrency exchange of the same name, has hacked into Solaris, a major marketplace for narcotics and other illegal items. Solaris reportedly gained between 20% and 25% market share after authorities shut down Hydra, the prior leader in this sector,

January 22, 2023 1 min read
JPMorgan CEO Jamie Dimon Continues Criticism of Bitcoin

JPMorgan CEO Criticizes Bitcoin and Casts Doubts on Its 21M Cap

JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized

January 21, 2023 1 min read

Moody’s Yet Again Lowers Coinbase’s Rating Despite Share Price Surge

On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate

January 21, 2023 2 mins read