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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

Microsoft To Purchase 4% Stake in London Stock Exchange Group

Microsoft To Purchase 4% Stake in London Stock Exchange Group

Microsoft, a titan in the American software industry, has announced a 10-year strategic relationship with the London Stock Exchange Group (LSEG). The exchange will be able to use Microsoft’s cloud and data analytics services going forward, per the release. Today, Microsoft and the London Stock Exchange announced a 10-year strategic

December 12, 2022 2 mins read
Paraguayan Crypto Law Put on Hold After Dwindling Support

Paraguayan Crypto Law Put on Hold After Dwindling Support

After failing to get enough traction in the Deputy Chamber, the Paraguayan cryptocurrency bill that had been submitted to Congress in 2021 was eventually placed on hold. After President Mario Abdo blocked the proposal in September, proponents couldn’t muster the support they needed to overturn the veto. Paraguay’s senate has

December 10, 2022 2 mins read
Russia Deploys Digital Tool For Tracking Crypto Transactions

Russia Deploys Digital Tool For Tracking Crypto Transactions

According to Tass, the Russian Ministry of Internal Affairs (MVD) has given its employees access to a new digital platform. It is named “Personal account of a law enforcement agency.” The government agency was told by the ministry that it is now utilizing the new technology. To determine who owns

December 10, 2022 2 mins read
Amber Group Reportedly Cancels $25M Chelsea FC Sponsorship Deal

Amber Group Reportedly Cancels $25M Chelsea FC Sponsorship Deal

Amber Group, a cryptocurrency trading business located in Singapore, is reportedly ending a $25 million sponsorship arrangement with the football team Chelsea FC as published by Bloomberg and cited by an anonymous source. To reduce its headcount to around 400, Amber Group, financed by Temasek and Sequoia Capital, is also

December 9, 2022 1 min read
Hong Kong Incorporates Stringent Legislations For Crypto Exchanges

Hong Kong Incorporates Stringent Legislations For Crypto Exchanges

A new amendment to Hong Kong’s Anti-Money Laundering (AML) and terrorist financing system, which includes virtual asset service providers, was recently enacted by the legislative council. On June 1st, 2023, a new licensing system for virtual asset service providers will go into effect. As a result of recently passed legislation.

December 9, 2022 2 mins read
Binance U.S Waves Off Trading Fee on Ethereum Pairs

Binance U.S Waves Off Trading Fee on Ethereum Pairs

The “zero fee price model” offered by Binance US is now available for Ethereum. There are currently four Ether spot market pairings available for trading without fees: ETH/USD, ETH/Tether, ETH/USD Coin, and ETH/Binance USD (BUSD). The U.S trading platform has instantly done away with gas costs for all “Buy &

December 8, 2022 2 mins read
Defunct Celsius Network Plans to Sue Creditor Over Leaking Confidential Info

Court Directs Celsius Network to Return $44M in Cryptocurrencies

An American bankruptcy court overseeing the insolvency of cryptocurrency lender Celsius Network has directed the return of about $44 million in digital currency. Judge Martin Glenn’s decision, as reported by Bloomberg, would affect a very tiny portion of the total client money kept by Celsius that has never been used

December 8, 2022 1 min read
Octopus Network Announces Mass Layoff Amid Sluggish Market

UK-based Crypto Tax Firm ‘Koinly’ Announces 14% Layoff

Koinly, a crypto tax firm located in the United Kingdom, has announced the layoff of 14% of its worldwide staff to tackle the tough circumstances affecting the cryptocurrency sector and economy at large. There will be a total of 16 layoffs, with CEO Robin Singh citing the worsening bear market

December 7, 2022 1 min read
Japan’s Financial Watchdog Extends FTX Japan Suspension

Japan’s Financial Watchdog Extends FTX Japan Suspension

On Wednesday, Japan’s Financial Services Agency (FSA) said that it intends to prolong the suspension order for FTX Japan, a cryptocurrency exchange. Because of delays in resuming withdrawals and returning client monies in Japan, the company has made the decision to implement the change. In November, the FSA demanded that

December 7, 2022 1 min read
Italy Embraces the Crypto Art Renaissance to Boom Its NFT Market

Warner Music Group Partners With LGND Music To Offer Music NFTs

A multi-year agreement between the major record label, Warner Music Group, and the Polygon-based Web3 music startup LGND Music was revealed today. It would allow artists signed to Warner Music Group labels to distribute music NFTs via the future Polygon-based marketplace. Set to start in January, LGND Music is an

December 6, 2022 2 mins read