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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

Turkey Announces Blockchain-based Digital Identity Application

Blockchain technology will be used in Turkey’s online public service login procedure. The Turkish government’s digital portal E-Devlet. Via which residents may access a variety of government services. Will soon require users to authenticate their identities using a blockchain-based digital identity before granting access. Vice President Fuat Oktay of Turkey

January 2, 2023 1 min read

Japan’s Gaming Firm ‘Gumi’ Partners With Square Enix and SBI Holdings

There has been a recent uptick in the number of game developers interested in including metaverse features. Japanese mobile entertainment provider Gumi has established a strategic partnership with other Japanese firms Square Enix and SBI Holdings. Through the issuing of additional shares with a value of $52.7 million. SBI Holdings

January 1, 2023 1 min read

Former Russian President Backs Digital Fiat Currencies Over Fiat

Russia’s interim leader between Vladimir Putin’s two terms as president Dmitry Medvedev claims that the Bretton Woods monetary system will collapse next year, bringing down the International Monetary Fund and the World Bank with it. This week, he shared his predictions for the year 2023 in a series of funny

January 1, 2023 2 mins read

Central African Republic (CAR) Delays Listing of Sango Coin

After being the first African nation to legalize bitcoin over eight months ago. The Central African Republic (CAR) has announced it would not list its “Sango” digital currency. Sango Coin’s marketing staff apparently made the announcement in a Telegram channel, citing “current market conditions” as the reason. The CAR group

December 31, 2022 1 min read

Huobi Reportedly To Lay Off Staff Amid Prolonged Bear Market

According to Chinese journalist Colin Wu, popular cryptocurrency exchange Huobi will lay off a large chunk of its personnel and reduce the compensation of top employees. Reportedly, the business plans to lay off between 600 and 800 workers, down from its current headcount of 1,200, the report said. Furthermore, the

December 31, 2022 2 mins read

Philippines SEC Cautions Against Unregistered Crypto Exchanges

On Friday, the Securities and Exchange Commission (SEC) of the Philippines issued a notice against the use of unlicensed cryptocurrency exchanges. SEC strongly cautioned and recommended the public not interact with unregistered and unregulated cryptocurrency exchanges, That are accessible and presumed to be functioning in the Philippines, according to a

December 30, 2022 1 min read
FTT Token Surges 70% as FTX Exchange Gears Up for Relaunch

FTX Japan Plans To Repay Users in February of Next Year

In a statement released on Thursday, the Japanese branch of defunct cryptocurrency exchange FTX said it plans to begin repaying client holdings in February 2023. Liquid Japan is a cryptocurrency trading platform that was recently bought by FTX Trading Ltd in an undisclosed agreement, and FTX Japan has announced that

December 30, 2022 1 min read

Japan Relaxes Crypto laws Concerning Listing of Tokens on Exchanges

Despite the bleak crypto market environment and the collapse of FTX, the government of Japan has agreed to make listings by cryptocurrency exchange in the nation simpler. Japan is relaxing its strict crypto laws even as the ripple effects of FTX’s downfall are still being felt across the industry and

December 29, 2022 1 min read
Nigeria Increases Cash Withdrawal Limit Post Feedback

Nigeria Increases Cash Withdrawal Limit Post Feedback

The Central Bank of Nigeria (CBN) has announced that the weekly withdrawal limit for individual banking customers would increase to $1,120 (N500,000) from January 9, 2023, from the current limit of under $50 (established on December 6). The CBN has imposed a cash withdrawal limitation for corporations of $11,200, a

December 23, 2022 1 min read
SPAC Deal of Crypto Exchange Bullish Called Off

SPAC Deal of Crypto Exchange Bullish Called Off

The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York

December 23, 2022 1 min read