Wed, January 29
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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

Binance’s Proof-of-Reserves Audit Verified by CryptoQuant as Correct

Binance Discloses Holdings Data of 6 Coins Totaling Approx $70B

The cold wallet addresses of Binance, the biggest cryptocurrency exchange in the world, have been made public. Binance’s continuous dedication to openness was highlighted as a reason for the change. However, throughout the next weeks, the cryptocurrency exchange will be publishing Merkle tree proof of funds. #Binance published cold wallet

November 10, 2022 2 mins read
Tornado Cash Developer Sentenced to Over 5 Years for $1.2B Money Laundering

Tornado Cash Yet Again Sanctioned by U.S Treasury

The ideal mixing protocol, for Ethereum, Tornado Cash, has been sanctioned yet again. The United States Treasury Department said in a press statement today that it was updating its sanctions on Tornado Cash because the service had been used to provide North Korea with money, supplies, and technology. The Treasury

November 9, 2022 1 min read
Dubai Free Trade Zone DMCC Collaborates With South Korean Web3 Firms

Japanese Telecom Giant NTT Docomo to Pour $4 Billion Into Web3

NTT Docomo, the leading mobile phone operator in Japan, partnered with the consulting firm Accenture to invest up to $4 billion in Web3 technology, the third generation of the Internet. The collaboration also includes educational opportunities for corporate executives and engineers interested in the topic. A joint press statement from

November 9, 2022 2 mins read
G2 Honors Crypto Newswire Service Chainwire With Nine Excellency Badges

G2 Honors Crypto Newswire Service Chainwire With Nine Excellency Badges

G2, a software marketplace, has awarded nine badges to Chainwire, a crypto press release distribution service. Based on the feedback from actual users included in its quarterly review form, the badges were assigned in G2’s Fall 2022 report. High Performer, Most Likely to Be Recommended by Users, and Highest User

November 8, 2022 1 min read
Ambire x swappin.gifts Partnership Offers Crypto Users Real World Goods & Services

Ambire x swappin.gifts Partnership Offers Crypto Users Real World Goods & Services

The swappin.gifts app is now accessible directly through the Ambire Wallet dApp Catalog as part of the newest plug-in integration and collaboration that Ambire Wallet has developed. With its primary emphasis on enhancing the cryptocurrency user experience, Ambire is the first open-source, self-custodial smart contract wallet. There will be a

November 8, 2022 2 mins read
FTX New CEO John Ray III Criticized by Bahamas Government

FTX’s FTT Token Price Drops 10% Post Mass Dump by Binance

Following recent developments, Binance CEO Changpeng Zhao declared over the weekend that the exchange will sell off all of its FTT holdings. After the announcement, the price of FTT dropped dramatically, losing about 10% of its value in a single day. Before the crypto community had time to process what

November 8, 2022 2 mins read
Will the History of Bitcoin Halving Happen Again?

Bitcoin Worth $3.15B Transferred to Exchanges in Last 24 Hours

Volatility has returned to the crypto markets. Coinglass reports that in the last 24 hours, $3.15 billion worth of Bitcoin (BTC) has been sent to exchanges, that is 152,000 Bitcoins. Now, it’s typically not a positive indicator when cryptocurrency is transferred from wallets to exchanges. This opens the door for

November 7, 2022 1 min read
NFT Marketplace OpenSea Bans Cuban Creators Citing U.S Sanctions

OpenSea Collaborates With F1 Team Haas to Mint NFTs

VF-22 race cars of Haas F1 Team will include the Opensea logo. The racing organization expected increased participation from its audience. For Haas F1, NFT marketplace Opensea will mint a set of NFTs. Haas, the only American F1 team, made the announcement on Thursday. The racing organization claimed that their

November 6, 2022 2 mins read
Cybercriminals Steal $3M From Crypto Mining Pool BTC.com

U.S SEC Reveals $295M Bitcoin Ponzi Scheme Fraud

Investors in Trade Coin Club were promised “minimum returns of 0.35% daily.” Tetreault has settled the SEC’s claims against him, the statement said. The U.S. Securities and Exchange Commission (SEC) announced charges against four individuals for their alleged roles in a “fraudulent crypto Ponzi scheme” that defrauded investors out of

November 5, 2022 2 mins read
Hacker ‘Monkey Drainer’ Steals NFTs Worth $800K

Hacker ‘Monkey Drainer’ Steals NFTs Worth $800K

It was reported on November 4 by prominent blockchain security outfit PeckshieldAlert and on-chain sleuth ZachXBT that a phishing scammer using the alias Monkey Drainer has stolen 7 CryptoPunks and 20 Otherdeed NFTs. Monkey Drainer just stole another 7 Crypto Punks and 20 Otherside NFTs worth $800k (520 ETH) 0xc2C05F11f6e4Dfba016982811Ab12c361E63f466

November 4, 2022 2 mins read
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