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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

U.S Authorities Charge Bittrex With Violation of Sanctions

U.S Authorities Charge Bittrex With Violation of Sanctions

According to OFAC head Andrea Gacki, national security is put at risk. Bitmex, a crypto derivatives exchange, was fined $100 million by FinCEN last year. Bittrex, a cryptocurrency exchange situated in Washington State, was hit with charges from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control

October 13, 2022 1 min read
Binance Adds TerraClassicUSD (USTC) as Borrowable Asset

Binance Adds TerraClassicUSD (USTC) as Borrowable Asset

Binance has not abandoned its support for the Terra Classic currencies. Over the past week, the price of USTC has increased by over 65%. Binance, the biggest cryptocurrency exchange in the world, has added TerraClassicUSD (USTC) as a borrowable asset to its Binance Loan service. Demonstrating its continued commitment to

October 13, 2022 2 mins read
TerraUSD Classic (USTC) Witnesses 20% Surge in Price

Terra (LUNC) Price Surges 8% Post Terra Rebels Update

The volunteer developer community now has its own Terra Rebels subReddit. Using this subReddit, members of the community may discuss and share their opinions. The Terra Classic (LUNC) price has increased by more than 8% after a drop on Tuesday, the same day that Terra Rebels released their official subReddit.

October 11, 2022 1 min read
Google Cloud To Accept Crypto in Collaboration With Coinbase

Google Cloud To Accept Crypto in Collaboration With Coinbase

It would begin accepting cryptocurrency payments in the first quarter of 2023. Coinbase’s commerce service now supports 10 different digital currencies. Google’s latest partnership is a show of support for digital currencies. The number of countries using cryptocurrency has been growing recently. Several major corporations are also beginning to see

October 11, 2022 1 min read
Kazakhstan Mandates Licenses For Crypto Miners

Bitcoin Mining Difficulty Reaches a Record All-time High

Production levels have dropped as people sell their Bitcoin holdings to increase liquidity. Because of the asset’s stagnant price, miner profits are already precarious. The hashrate of Bitcoin mining hit a new record high last week, surpassing 300 EH/s. It was also announced at the time that mining difficulty was

October 10, 2022 2 mins read
Nigeria Restricted ATM Withdrawals to Promote CBDC Adoption

MicroStrategy’s Michael Saylor Claims Bitcoin Superior to CBDC

Michael Saylor thinks Bitcoin is also superior than gold and real estate. MicroStrategy and its subsidiaries now have almost 130,000 BTC in their possession. Michael Saylor, the founder of MicroStrategy and Bitcoin maximalist, stated that CBDCs are unstable and doomed to fail. Bitcoin is superior, he says, because of its

October 10, 2022 2 mins read
Ark Invest’ Cathie Wood Backs Bitcoin Despite Recent Turmoil

Blockchain Developer Claims Finding Satoshi’s 0.1v BTC Codebase

For more than a decade, the original 0.1 Bitcoin coding attributed to Satoshi Nakamoto was believed to have been lost. While it is possible to retrieve bits and pieces of code by searching, doing so is incredibly challenging. Jim Blasko, a blockchain developer, said on Facebook on the 7th of

October 8, 2022 2 mins read
Solana Co-founder Confident of Frequent Outages Being Fixed

Solana Co-founder Confident of Frequent Outages Being Fixed

Three of the five outages have happened this year alone Due to flaws in Solana’s programming or an artificial influx of visitors from bots. Anatoly Yakovenko, a co-founder of Solana, is aware of the frustration his customers experience when the service is down. The network problem may, however, soon have

October 8, 2022 1 min read
Crypto Market Fumbles Post U.S Unemployment Data Release

Crypto Market Fumbles Post U.S Unemployment Data Release

Pre-market trading saw declines of more than 1% for the S&P 500. Non-farm payrolls in the United States for September came in higher than forecast. When the September non-farm payroll report from the U.S. Bureau of Labor Statistics was made public, the price of bitcoin dropped by more than 4

October 7, 2022 2 mins read
Dapper Labs Announces Launch Date of NFT Marketplace

Dapper Labs Announces Launch Date of NFT Marketplace

Dapper’s Flow blockchain will manufacture NFT collectibles based on video highlights. The partnership between Dapper and LaLiga was initially announced in September 2021. Dapper Labs’ LaLiga-themed NFT platform will enter closed beta later this month. Following in the footsteps of NBA Top Shot and NFL All Day. Starting on October

October 7, 2022 2 mins read
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