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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

CySEC Grants Binance License as a Crypto Asset Service Provider

CySEC Grants Binance License as a Crypto Asset Service Provider

The crypto exchange may now provide spot, custodial, staking, and card services in Cyprus. France, according to “CZ,” CEO of Binance, is the crypto hub of Europe. Binance, the largest cryptocurrency exchange in the world, has just received its fourth license in Europe. On Thursday, the Cyprus Securities and Exchange

October 20, 2022 1 min read
Meta (Facebook) Asked To Sell GIPHY by UK Competition Authority

Meta (Facebook) Asked To Sell GIPHY by UK Competition Authority

The authorities have never before stopped a deal of this magnitude. Meta appreciates the help of the GIPHY team during this pivotal time. The UK competition authority has ruled against Meta’s (Facebook) proposed acquisition of Giphy, a platform for generating animated GIFs. The authorities have never before stopped a deal

October 18, 2022 1 min read
Polygon Partners With Neo-Banking hi to Release NFT Debit Card

Polygon (MATIC) Price Surges 8% Amid Several Developments

Utrust, a top multi-chain payment system, recently announced its integration with Polygon. Polygon has also partnered with SuperLayer, a prominent Web3 venture company. The price of cryptocurrency Polygon is increasing exponentially as market circumstances improve. In the last day, the value of $MATIC has increased by an astounding 8%. The

October 18, 2022 2 mins read
Huobi Token (HT) Surges 24% Amid Recent Developments

Justin Sun Reportedly Transferred Over $100M Worth of USDT

Separate transfers of $50 million each were made from the Aave Protocol V2. Aave prices have risen by almost 7% in the previous 24 hours. Millions of USDT tokens have been seen changing hands, perhaps due to Justin Sun, founder of Tron and new adviser to the Huobi cryptocurrency exchange.

October 17, 2022 1 min read
Ripple Releases Critical Smart Contract Bridge to Ethereum

Ripple Releases Critical Smart Contract Bridge to Ethereum

The sidechain is currently operational on the XRPL Devnet. Adding a permissionless EVM sidechain to the XRPL Devnet is the next step. Interestingly, on Monday, Ripple announced the release of a critical smart contract developer bridge to Ethereum. The firm unveiled the first iteration of the XRP Ledger Ethereum Virtual

October 17, 2022 2 mins read
CFTC Commissioner Plans to Define Retail Investors

CFTC Commissioner Plans to Define Retail Investors

She stated her intention to offer a new retail investor definition. Christy would begin by posting a more casual idea on the website and soliciting feedback. Given that the CFTC is expected to assume responsibility for spot crypto trading. Commissioner Christy Goldsmith Romero has said that the agency has to

October 17, 2022 2 mins read
Crypto Regulation Law Nears Final Approval in the United Kingdom

UK FCA Appoints Binu Paul as New Digital Assets Department Head

To legally operate in the UK, crypto businesses need to get FCA-authorization. Paul served as the Financial Markets Authority of New Zealand’s lead fintech specialist. Binu Paul has been named the new head of digital assets at the Financial Conduct Authority, the primary financial regulator in the United Kingdom. Previously,

October 16, 2022 2 mins read
Transactions in Chinese Digital Currency Exceed 100 Billion Yuan

Transactions in Chinese Digital Currency Exceed 100 Billion Yuan

The central bank stated that 360 million transactions were involved in the outlay. 5.6 million businesses across 15 provinces and municipalities now accept digital Yuan. The People’s Bank of China (PBOC) said on Wednesday that the number of transactions conducted using China’s central bank digital currency (CBDC) had surpassed 100

October 15, 2022 1 min read
Amber Group Reportedly Cancels $25M Chelsea FC Sponsorship Deal

NYDIG Lays Off Around 110 Employees Amid Crypto Winter

A number of big crypto firms have already announced layoffs this year. New leadership at NYDIG includes Tejas Shah as CEO. NYDIG announced in January that it had secured $1 billion at a valuation of over $7 billion. With the intention of expanding its institutional-grade Bitcoin platform to include Lightning

October 15, 2022 2 mins read
13% of Canada Citizens Hold Bitcoin (BTC) as per Report

13% of Canada Citizens Hold Bitcoin (BTC) as per Report

13% of Canadians have Bitcoin, up significantly from 5% in 2018-2020. Additional research on Bitcoin has been conducted by the Bank of Canada since 2016. Key figures reflecting Canadians’ preference for crypto assets have been released by the Bank of Canada. As part of its Financial System Review. New statistics

October 15, 2022 2 mins read
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