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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

Celebrity Miley Cyrus Filed Trademark Application For Metaverse

Snoop Dogg, an American artist, is making great inroads into NFTs. On August 16, Cyrus filed trademark applications with the USPTO. In the next five years, Juniper Research predicts that there will be 40 million NFT transactions. The research predicts that metaverse-related use cases will be a major factor in

August 23, 2022 1 min read
CACEIS Approved to Provide Crypto Custody Services in France

Samsung Securities Plans To Open Crypto Exchange in South Korea

Only two of the seven companies were uncovered by the research. Mirae Asset Securities has launched a new division under its sister firm. From rapidly sketching up a structure controlling the market to exploring a number of different platforms. Several conventional brokerages in South Korea were apparently getting ready to

August 22, 2022 2 mins read
Senator Elizabeth Warren Criticizes Crypto for Promoting Illicit Finance

JP Morgan’s CEO Jamie Dimon Warns of Catastrophic Recession

Dimon then said that there is a 20-30% chance that something much worse may occur. Goldman Sachs CEO David Solomon has previously issued a similar warning. Jamie Dimon, CEO of JPMorgan Chase & Co., recently warned clients on a conference call that something much worse than a recession might be

August 22, 2022 1 min read
Jack Dorsey Backs Bitcoin Advocate Robert Kennedy Jr for President

‘Block’ Under Scrutiny by Consumer Financial Protection Bureau

Cash App’s handling of customer complaints and disputes is the subject of the probe. The deadline for 2021 compliance was also December 5, 2021. Block Inc., founded by Jack Dorsey, is being sued by the Consumer Financial Protection Bureau (CFPB). The Consumer Financial Protection Bureau claims that Block did not

August 21, 2022 2 mins read
Prominent Developer Claims Cardano Blockchain Testnet Broken

Prominent Developer Claims Cardano Blockchain Testnet Broken

Operators ATADA and PoolTool found a serious issue in the client software. Dean expressed concern over Input Output’s “rushing” to release the Vasil update. One notable developer has cautioned that there has been a problem with Cardano’s testnet. The Layer 1 testnet of the Cardano blockchain is now incompatible with

August 19, 2022 2 mins read
Multi-chain Lending Protocol Hundred Finance Exploited of $7.4M

Indian Authorities Join the Hunt for BitConnect Scam Mastermind

In a sophisticated pyramid scam, the scam caused participants to lose billions. The US government filed charges against Satish and his confederates in September 2021. BitConnect was launched in 2016 and was hailed as a major game-changer. As a result of its popularity among eager investors seeking huge profits in

August 19, 2022 2 mins read
Tether

Tether Announces Hiring of Fifth Largest Accounting Firm For Audits

Attestation release schedule will be changed from monthly to quarterly. Tether claims this would be the “next step” toward a full audit of the company. Binder Dijker Otte (BDO), the fifth-largest accounting firm in the world, will now be responsible for attesting Tether’s financial statements. Tether also announced that it

August 18, 2022 2 mins read
Palau Collaborates With Ripple to Launch Countries First Stablecoin

Ripple Partners With Travelex Bank To Enable Crypto Payments

Travelex Bank will be the first in Latin America to use the Ripple payment service. There is no need for funds to be pre-funded in the target market. It was determined that RippleNet’s On-Demand Liquidity in Brazil would be best served by a relationship with Travelex Bank. Through this cooperation,

August 18, 2022 1 min read
Tornado Cash Sanctions Criticized by Kraken’s CEO Jesse Powell

Tornado Cash Sanctions Criticized by Kraken’s CEO Jesse Powell

Jesse Powell, called the federal restriction on Tornado Cash, “unconstitutional.”  Uniswap’s creator emphasized his opinion that there was a gap in the market. Tornado Cash, a crypto privacy mixer, gained notice last week when it was sanctioned by the U.S. Treasury Department. The sector as a whole is beginning to

August 17, 2022 2 mins read
A Brief Overview of Cryptofinance Platform: Cake DeFi

Cash Flow Over the Cake DeFi Platform Has Been Increased

The Singapore-based cryptofinance platform Cake DeFi has now launched its Q2 Transparency Report, which details the company’s accomplishments for the period. Despite Q2 2022 being one of the worst times for the cryptocurrency industry and the overall investment sector, Cake DeFi experienced its best quarter ever in terms of user

August 17, 2022 2 mins read