Thu, November 28
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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

Highly Anticipated ‘ICE Merge’ by Decentral Games is Complete

Creator of PUBG Reveals New Blockchain-based Metaverse Game

Players of the upcoming game Artemis may create and play anything they wish. Modifications to the game are possible because of the open-source nature. Brendan Greene, the creator of PlayerUnknown’s Battlegrounds (PUBG), is working on a new game. It will use blockchain technology, NFTs, and the metaverse. Using a virtual

September 28, 2022 1 min read
Celsius Ex-CEO Dumps About $1M Worth CEL and USDC

Celsius Network CEO Alex Mashinsky Resigns Amid Bankruptcy

The company has been granted authorization to sell Bitcoin it has mined. Celsius Network was silent for weeks before filing for bankruptcy. The CEO of the defunct crypto lender Celsius Network, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.

September 27, 2022 2 mins read
Robinhood Launches Beta Version of Web3 Wallet

Robinhood Launches Beta Version of Web3 Wallet

The beta version will allow the first 10,000 clients on the waiting list. The iOS-only app will purportedly have “no network fees” for crypto trading. In an official announcement, Robinhood said that the beta version of its Web3 wallet was now available, allowing the first 10,000 clients on the waiting

September 27, 2022 2 mins read
Tech Behemoth Microsoft Bans Crypto Mining on Cloud Platform

Mining GPU Prices in China Plummets Post ETH Merge

Prices for Nvidia GeForce GPUs have dropped dramatically. GPU’s price plummeted from 8,000 yuan to 5,000 yuan. Graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have seen price drops in China. This is because of the Ethereum networks transition to a proof-of-stake (PoS) consensus method, attracting

September 26, 2022 1 min read
Grayscale’s GBTC Available at Record Low of 43% Discount

Grayscale Bitcoin Trust (GBTC) Hits New All-Time Low

Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Shares of the Grayscale Bitcoin Trust (GBTC), the biggest Bitcoin fund in the market, reached a record discount of 35.18% last Friday and showed little sign

September 26, 2022 2 mins read
Tornado Cash Developer Sentenced to Over 5 Years for $1.2B Money Laundering

CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

The money movement is linked to the October 2021 BXH Exchange breach. GitHub reinstated the Tornado Cash code in “read-only” mode. On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected

September 25, 2022 2 mins read
Resurgent Strength of USD Negatively Affects Crypto Market

Resurgent Strength of USD Negatively Affects Crypto Market

The dollar’s appreciation may be attributed to the Federal Reserve raising interest rates. As the supply of dollars dwindles, investors will have less money for riskier assets. Bitcoin is struggling to compete against the US currency. On Friday, the dollar index (DXY), which tracks the value of the dollar relative

September 25, 2022 2 mins read
Tether

Tether Announces Launch of USDT on Polkadot Network

Eleven different blockchains currently support Tether, USDT. A New York court ordered Tether Operations Limited to submit financial records. Tether, in a statement released on Friday, announced the release of its native token USDT on the Polkadot Network. Polkadot is an open-source blockchain platform that is decentralized. Moreover, it’s a

September 24, 2022 1 min read
Web3 Protocol Golden Raises $40M Led by A16z Venture Capital

IRS Tightens Rules Towards Non-Tax Paying Crypto Users

IRS now has permission to examine unidentified individuals. Williams claims the government will use every available means to track down tax cheats. The United States is making further efforts to guarantee that its Internal Revenue Service (IRS) can properly collect cryptocurrency tax as the crypto ecosystem expands and trade volumes

September 24, 2022 1 min read
Cardano Vasil Hard Fork Nears, $1 Price Level on the Cards?

Cardano Vasil Hard Fork Nears, $1 Price Level on the Cards?

Experts predict that the price of ADA will rise as a result of the update. Popular expert expects ADA to reach the $1 level before the upgrade. Cardano (ADA) users are getting ready for the Vasil hard fork, which will improve the decentralized network’s scalability and usability. Experts predict that

September 22, 2022 2 mins read