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Ashfaq

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.

Posts by Ashfaq

Terra Grants Foundation Submits Proposal For 750M LUNC Allocation

Terra Rebels Post Validator Setup Process Video For Community

The organization has created a dedicated YouTube channel recently. Edward Kim has included a video outlining how to create and operate a validator. The Terra Classic Revival Roadmap was created by the Terra Rebels. A volunteer organization with the goal of enlightening the LUNC community about the Terra Classic blockchain.

October 24, 2022 1 min read
UAE Central Bank Unveils CBDC Strategy Dubbed ‘The Digital Dirham’

Hong Kong Reveals Final Version of Aurum Retail CBDC

Electronic wallets employ CBDC that has passed via an intermediary exchange. The novel CBDC-backed stablecoins mimic digitally the preexisting monetary system. On October 21st, the Hong Kong Monetary Authority unveiled the final version of the Aurum retail central bank digital currency (CBDC). The system’s unique architecture reflects the complexities of

October 23, 2022 2 mins read
SEC Alleges American CryptoFed Due to Misleading Crypto Asset Offers

Associates of Cryptoqueen Face Criminal Prosecution in Germany

Within a year, the pair processed 320M euros in payments from Onecoin users. Ignatova is now sought by Interpol, Europol, and the FBI. The first Europeans to face criminal prosecution for their involvement in the Onecoin crypto fraud are a married couple and a lawyer from Munich. Bloomberg said that

October 23, 2022 1 min read
Justin Sun Clarifies Over Recent $236M USDC Transfers

Justin Sun Clarifies Over Recent $236M USDC Transfers

In the last three weeks, Justin Sun has sent roughly $236 million to Circle. As the company expands, more resources will be devoted to supporting it. Justin Sun, the founder of Tron, dispels speculation about large-scale transactions made via his accounts in recent weeks. He denied reports that the company

October 21, 2022 2 mins read
Crypto Exchange Coinbase Advises Users To Convert USDT to USDC

Coinbase Announces Zero Commission USDC Trading

Coinbase notes that acceptance of USDC has lagged behind that in the US. Coinbase, together with Circle, is a founding member of USDC. It seems that USDC, USDT, and BUSD are all maintaining their positions as the top three currencies. The USD currencies USDC, TUSD, and USDP have all been

October 20, 2022 1 min read
German Bank ‘N26’ Launches Crypto Trading Services

German Bank ‘N26’ Launches Crypto Trading Services

There may be a bear market going on, but it hasn’t stopped businesses from entering the crypto sector. In reality, conventional financial institutions have begun dipping their toes into the crypto industry by providing products to meet the needs of market participants. On Thursday, European digital bank N26 said it

October 20, 2022 1 min read
Italy Embraces the Crypto Art Renaissance to Boom Its NFT Market

Taco, an NFT Loyalty Automation Tool, Enables Tezos NFT Support on Shopify

The Taco app has integrated the energy-efficient, Tezos blockchain Support for Tezos NFTs has been added to Shopify through the Taco: NFT Loyalty Automation Tool Software development firm Taco Labs Inc. recently announced their programme “Taco: NFT Loyalty Automation” now supports Tezos NFTs on Shopify and has incorporated the energy-efficient Tezos

October 19, 2022 1 min read
European Union To Introduce Blockchain Energy Efficiency Labels

European Union To Introduce Blockchain Energy Efficiency Labels

The EU decided against a prohibition on proof-of-work crypto mining in March 2022. Some market players will be required to disclose their impact on the environment. EU officials have said that they want to create a standard for rating blockchains’ efficiency in terms of energy consumption. The environmental labelling system

October 18, 2022 2 mins read
FTX Transfers 50K ETH Worth Approx $65M to Voyager Digital

FTX Transfers 50K ETH Worth Approx $65M to Voyager Digital

Texas authorities are probing into FTX Trading, FTX US, and the company’s leadership. The court has not yet approved the asset acquisition deal. On Tuesday, 50,000 ETH was sent from FTX, a cryptocurrency exchange, to the primary wallet of Voyager Digital, a cryptocurrency lender. Last month, the cryptocurrency exchange purchased

October 18, 2022 2 mins read
Ark Invest’ Cathie Wood Backs Bitcoin Despite Recent Turmoil

Chainalysis Reports Crypto Activity Surge in Russia and Ukraine

High inflation has affected people in both nations as a result of the war’s economic toll. Ukrainian hryvnia-denominated trade volume increased by 121% to $307 million in March. There was a spike in crypto transactions between Russia and Ukraine shortly after hostilities broke out in late February. While Russian transactions

October 15, 2022 2 mins read