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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

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
FTX CEO Won’t Spend $1B on Political Races as Claimed Earlier

FTX CEO Won’t Spend $1B on Political Races as Claimed Earlier

Sam Bankman-Fried, CEO of FTX and a crypto billionaire, made the audacious assertion in May that he will spend $1 billion or more on political contributions before the 2024 US presidential election. According to information from OpenSecrets, if Bankman-Fried had spent that much on politics in the most recent election.

October 15, 2022 1 min read
Liverpool FC Launches Virtual Clothing on Meta Avatars Store

Liverpool FC Launches Virtual Clothing on Meta Avatars Store

The Meta Avatars Store is a Facebook, Messenger, and Instagram digital store. Liverpool Football Club (LFC) has released a lifestyle collection under the LFC label. On Friday, the Premier League club Liverpool FC and metaverse behemoth Meta announced a collaboration to release a line of virtual clothing for Meta digital

October 14, 2022 2 mins read
Samsung Announces Use of Blockchain To Upgrade Security Protocols

Samsung Announces Use of Blockchain To Upgrade Security Protocols

This isn’t limited to only smartphones, but also smart TVs and even air conditioners. This new security update is meant to prevent credential-stuffing attacks. Samsung, a global leader in consumer electronics, has said it would use blockchain technology to improve the safety measures already in place for its products. The

October 13, 2022 2 mins read
Inflation in Germany Records 3-Decade High of 10% in September

Inflation in Germany Records 3-Decade High of 10% in September

It’s worth noting that inflation has been over 7% for the last seven months. The country in question had the biggest positive flows of crypto, totaling $2.9 million. Rising inflation has eroded the purchasing power of the average person throughout the globe, creating a cost-of-living issue. Inflation rates throughout the

October 13, 2022 1 min read
Bored Ape Yacht Club to Launch On-chain IP Verification Tool

SEC Launches Probe Into Yuga Labs Over BAYC NFT Sales

The commission is also looking into the ApeCoin distribution. The 24-hour floor price of BAYC NFTs has dropped by almost 3%. In an effort to exert more control over the digital assets sector, the US Securities and Exchange Commission (SEC) has decided to increase regulatory oversight. The Commission has accused

October 12, 2022 1 min read
UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns

UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns

Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is possible. The GDP in the UK has contracted by 0.3%, which is a surprising result. The Office of National Statistics’ monthly estimates

October 12, 2022 2 mins read
Meta (Facebook) Added To Extremist List by Russian Justice Ministry

Russia Tags Meta (Facebook) as Terrorist and Extremist Group

The article also made accusations of “Russophobia” on behalf of the Meta.  Meta appealed the decision in a Moscow court. Their appeal, however, was denied. Russia’s conflict with the West has reached a new level of intensity. Federal Financial Monitoring Service Rosfinmonitoring has classified the social networking business Meta as

October 11, 2022 2 mins read
Kingdom Labs & GGWP.ID Declared Strategic Partnership to Web3 Games

Kingdom Labs & GGWP.ID Declared Strategic Partnership to Web3 Games

With the announcement of their alliance, Kingdom Labs, a venture studio that incubates and invests in Web 3.0 projects, and GGWP.ID wants to propel Web3 games into the competitive esports scene in Southeast Asia. With over 6 million unique monthly visits, GGWP.ID is Indonesia’s most popular esports platform. There are

October 11, 2022 2 mins read