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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

Altcoins

Altcoins Rally as Bitcoin Loses Market Dominance in Q4

As we enter the final quarter of 2024, the cryptocurrency market stands on the brink of potential upheaval and opportunity. The Q4 has been marked by heightened activity and bullish trends, making it a prime time for investors.  However, analysts have noted a growing resilience in altcoins, despite Bitcoin’s recent

September 11, 2024 2 mins read
Can Solana Bulls Defend This Support and Propel Above $160?

Whale Activity Impacts Solana Price with A $4M Purchase

Solana has maintained a steady bullish trend over the past day, with the moving average at $130.82, below its current trading value of $133.84. The RSI is near neutral at 45.42, indicating a stable momentum. Recent whale activity has notably influenced Solana’s price in the last 24 hours. A whale

September 10, 2024 2 mins read
US States to Reimburse Investors in $1B GSB Crypto Scheme Settlement

US States to Reimburse Investors in $1B GSB Crypto Scheme Settlement

U.S. officials have reached a settlement with GSB Group head Josip Heit over an alleged $1 billion illicit cryptocurrency scam. The five states took this action in an effort to recoup investment funds totaling millions of dollars. To safeguard financial market investors, authorities throughout the world, including those in the

September 10, 2024 2 mins read
VanEck Exec Refutes Claims on US Election's Impact on Bitcoin Price

VanEck Exec Refutes Claims on US Election’s Impact on Bitcoin Price

Matthew Sigel, Head of Digital Assets Research at VanEck, refuted previous assertions made by Bernstein that the US election would directly affect Bitcoin. Investors are taking notice of this counterargument, which downplays the impact of the 2024 US presidential election on the BTC surge.  Sigel made an interesting observation on

September 9, 2024 2 mins read
Moscow Exchange

Moscow Exchange Opts Out of Russian Crypto Trading Pilot

The Moscow Exchange (MOEX), Russia’s largest exchange group, has chosen not to participate in a pilot cryptocurrency trading program. Even though the recent legislation allows digital currencies under the supervision of the Central Bank of Russia.  This decision was confirmed by Nikolai Trunichkin, MOEX’s head of digital projects. While MOEX

September 9, 2024 2 mins read
Orbitt MM Integrates Pump.Fun for Volume Boosts of Solana Projects

Orbitt MM Integrates Pump.Fun for Volume Boosts of Solana Projects

Orbitt, a Solana project accelerator, has announced that Pump.Fun volume boosts are now supported by its market making service. In order to maximize the chances of project success, Orbitt MM will assist in raising the trading volume and awareness of Pump.Fun token launches. Orbitt MM’s Pump.Fun integration is scheduled to be live

September 9, 2024 2 mins read
LayerZero

LayerZero Airdrop Outperforms Starknet and ZKsync with Anti Bot 

LayerZero, a leading cross-chain protocol, recently made headlines with its successful airdrop of the native ZRO token. Unlike Starknet and ZKsync, LayerZero’s airdrop stood out for its strong anti-bot measures and focus on rewarding real users.  Recently at the Korea Blockchain Week, LayerZero’s CEO, Bryan Pellegrino, explained that their airdrop

September 9, 2024 2 mins read
FRIEND

FRIEND Token Plummets After Transferring Smart Contract Ownership

Friend.tech, the Web3 social media platform that once surged to prominence, experienced a dramatic downfall after its developers lost control of its smart contracts. On September 8, the team transferred ownership of its smart contracts to Ethereum’s null address. The action was done to prevent future changes to the platform’s

September 9, 2024 2 mins read
Cardano Breaches $1 as On-Chain Metrics Signal Strong Holder Confidence

Cardano (ADA) Price Tanks Following Disappointing US Job Data

With the Chang hard fork completed, the long-awaited Conway era has begun on Cardano. With this crucial development, the network took a giant leap towards complete decentralization. One major change is the inclusion of the CIP-1694 governance model, which gives ADA holders more say in network decisions via active voting.

September 7, 2024 1 min read
Can Ethereum (ETH) Price Reclaim $3.5K Soon?

VanEck to Liquidate and Close Ethereum Futures ETF Amid Low Interest

Ethereum ETF Futures (EFUT) will be discontinued and liquidated by the prominent investment management company VanEck. The price of ETH, which was already experiencing a period of erratic trading due to a general market decline, has taken a huge hit. Among the many factors given by the ETF provider for

September 6, 2024 2 mins read