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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

Court Convicts John McAfee's Accomplice in Crypto ICO Hoax

Court Convicts John McAfee’s Accomplice in Crypto ICO Hoax

SEC filed a complaint in October 2020 after Spanish authorities jailed McAfee. The court also submitted a notice of McAfee’s death, dismissing the agency’s claim. The SEC reported today that Jimmy Gale Watson, Jr., a former associate of the late John McAfee, has agreed to a final judgement for his

July 16, 2022 2 mins read
Major Crypto Exchange Attained Peruvian Trading Platform, Fluyez

Bit2me Lends Helping Hand To Blocked Accounts of 2gether Exchange

Users were required to pay an initial €20 charge to continue using the platform’s features. 2gether suspended accounts citing the current crypto winter. Bit2me, a cryptocurrency exchange in Spain, stated that it would take on users whose accounts had been suspended by 2gether, another cryptocurrency exchange in the country. In

July 16, 2022 2 mins read
EU Issues Fresh Sanction on Russia Including Crypto Services

Vladimir Putin Approves Bill Restricting Digital Financial Assets

Russia will begin this autumn by introducing a new bill called “On Digital Currency.” Russian authorities have said that the DFA covers cryptocurrencies. Russia’s President Vladimir Putin has approved a bill restricting the use of digital financial assets (DFAs) as a payment method inside the nation, according to the crypto

July 15, 2022 2 mins read
Bitbase Exchange Opens Physical Crypto Trading Store in Paraguay

Bitbase Exchange Opens Physical Crypto Trading Store in Paraguay

According to Bitbase, this will be the country’s first shop of its sort. The corporation said it wanted to expand its operations in Venezuela in February. Bitbase, a cryptocurrency exchange that provides help in physical locations, has announced opening its first shop outside of Europe. Cryptocurrency enthusiasts in Paraguay may

July 15, 2022 1 min read
Spain Announces $4 Million Grant Funds For Metaverse Initiatives

Spain Announces $4 Million Grant Funds For Metaverse Initiatives

Spanish officials predict that the metaverse will be worth more than $1 billion by 2026. Firms or teams must have at least 25 percent of their workforce comprised of women. The metaverse and its associated technologies are considered crucial development pillars for the future by countries all over the globe.

July 12, 2022 2 mins read
NFT Marketplace ‘Magic Eden’ Announces Gaming Venture Arm

NFT Marketplace ‘Magic Eden’ Announces Gaming Venture Arm

The venture will solely focus on the support and development of Web3 gaming. Developers won’t have to build out NFT integrations from scratch. NFT marketplace Magic Eden just raised a cash reserve valuing it as a crypto unicorn, making the business the biggest in Solana’s ecosystem. The company has created

July 12, 2022 2 mins read
MicroStrategy Co-founder Michael Saylor Criticized Over SBF Support

MicroStrategy CEO Michael Saylor Calls Ethereum (ETH) A Security

The CEO claimed that most crypto exchanges list unregistered securities. Gensler told CNBC that the SEC considers Bitcoin a commodity. Michael Saylor, CEO of MicroStrategy and an outspoken Bitcoin proponent, has said that Ethereum is a security. Because of its changing nature, Ethereum is not considered a commodity by Saylor.

July 10, 2022 2 mins read
Cardano’s Vasil Hard Fork Postponed For Few More Weeks

Cardano (ADA) Investors Increase Holdings Ahead of Vasil Update

Santiment observed that whale addresses had ceased selling Cardano. Vasil Hard Fork will be launched before the end of this month. Analysis by cryptocurrency analytics firm Santiment suggests that significant Cardano investors, particularly those with addresses containing 10,000 to 100,000 ADA, have increased their holdings. Addresses in this category have

July 10, 2022 1 min read
Russian President Proposes New Digital Payment System

Russa’s Sberbank Completes First DFA Transaction Valued $16M

Atomyze was the first Russian firm to be granted a trading permit. The government has sent mixed messages on the legality of cryptocurrencies. SberFactoring, a subsidiary of Russia’s largest bank Sberbank, conducted its first DFA transaction, valued at around 1 billion rubles ($16 million), only a few months after Sberbank

July 9, 2022 2 mins read
Crema Finance Retrieves Stolen Funds After Negotiation With Hacker

Crema Finance Retrieves Stolen Funds After Negotiation With Hacker

The DeFi project’s staff said it had received an on-chain response from the hacker. The firm submitted its modified coding to the blockchain security company Slowmist. Approximately $8.7 million in crypto assets were stolen from the DeFi project Crema Finance on July 2, 2022. According to Ottersec, a blockchain auditing

July 7, 2022 1 min read