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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

Bitcoin Miner Canaan Reports 82.1% Revenue Decline in Q4 2022

Recent White House Report Scrutinizes Crypto Mining Concerns

It revealed conflicting results about the link between crypto and the environment. The department advised that the administration might outlaw proof of work. Distributed ledger technology (DLT) and global warming have been the subject of a new report from the White House’s Office of Science and Technology Policy (OSTP). The

September 11, 2022 2 mins read
Mining Firm CleanSpark Acquires Mining Facility in Georgia

Mining Firm CleanSpark Acquires Mining Facility in Georgia

The current capacity of the Georgia facility is for 24,108 miners. The mining firm also acquired 1,800 Antminer S19 XP machines in June. CleanSpark, a cryptocurrency mining company, stated on Friday that they have reached a deal to purchase the Bitcoin mining facility operated by Mawson in Sandersville, Georgia for

September 11, 2022 1 min read
Elon Musk Says Interest Hike by Fed Risks of Deflation

Elon Musk Says Interest Hike by Fed Risks of Deflation

On September 21st, 2022, the Federal Reserve Board will determine the next hike. Economist Peter Schiff is sounding the alarm about imminent hyperinflation. Elon Musk, CEO of Tesla and SpaceX, has issued a grave warning for the American economy. Musk claims that deflation will occur if the Federal Reserve raises

September 10, 2022 2 mins read
Hacker Steals $370K Via Avalanche Flash Loan Arbitrage Attack

Hacker Steals $370K Via Avalanche Flash Loan Arbitrage Attack

According to CertiK, there were three potential protocols affected. CertiK’s on-chain security software, Skynet, detected assault at 7:26 pm UTC on Tuesday. On Tuesday night, a flash loan attack was carried out using the Avalanche network. A specific smart contract and many liquidity providers were the targets of the assault.

September 7, 2022 2 mins read
Binance U.S Acquires Digital Assets of Bankrupt Voyager Digital

Assets Auction of Voyager Digital Scheduled Next Week

Voyager has been trying to refund some of its consumers alongside the selling process. Voyager’s attorneys took offence to this and called it a “low-ball” offer. On Tuesday, a court filing confirmed that the assets of bankrupt cryptocurrency broker Voyager Digital would be auctioned off the following week. Following a

September 7, 2022 2 mins read
Myanmar Government Making Efforts to Issue CBDC Soon

Myanmar Government Making Efforts to Issue CBDC Soon

Federal Reserve Bank of New York has frozen funds since February 2021. The funds are essential for the country’s “revolutionary efforts” as per Minister. The government of Myanmar, which was overthrown in a coup in 2021, announced its intention to issue digital money half a year later, utilizing monies that

September 6, 2022 2 mins read
Binance Enacted Terra 1.2% Tax Burn - LUNC Price Surges 42%

Terra (LUNC) Price Surges More Than 70% in Last 24 Hours

The price of LUNC has increased by over 180% in seven days. There are now over 528.8 billion LUNC staked. Community efforts like token burning and staking as well as project development, ecosystem education, and governance led to a tremendous increase in the value of all Terra tokens. In particular,

September 6, 2022 2 mins read
Multi-chain Lending Protocol Hundred Finance Exploited of $7.4M

Australia Federal Police Launches Dedicated Crypto Crime Division

It is generally agreed that adoption and regulations go hand in hand.  Even as law enforcement was growing acquainted with the concept of cybercrime, a new chapter opened up with the advent of crypto-related criminal activity. In the previous several years, there has been a slew of arrests related to

September 6, 2022 1 min read
Senator Elizabeth Warren Criticizes Crypto for Promoting Illicit Finance

New Prime Minister of the UK ‘Liz Truss’ a Crypto Advocate?

Truss will be formally appointed on Tuesday as the next Prime Minister. Truss tweeted in 2018 that the United Kingdom should embrace cryptocurrency. To become the next Prime Minister of the United Kingdom, Liz Truss has prevailed against crypto advocate Rishi Sunak. After former Prime Minister Boris Johnson submitted his

September 5, 2022 2 mins read
Kyber Network Deletes Attack Vector Responsible For Exploit

KyberSwap Hit by Frontend Exploit Losing Over $265,000

Websites often use GTM scripts to collect and record information about their visitors. Before the patch, the hacker made four transactions totaling $265,000 worth of tokens. The KyberSwap decentralized exchange (DEX) has become the latest DeFi initiative to be attacked, after last month’s Curve Finance vulnerability. The liquidity protocol upon

September 2, 2022 2 mins read
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