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

Bybit Leads the Way with Successful Catizen ($CATI) Listing and Airdrop Distribution

Bybit Launches Pre-Market Trading for Hamster Kombat Token (HMSTR)

Bybit, a crypto exchange, is showing its backing for new projects on The Open Network (TON). By allowing pre-market trading of the token for the world record-breaking game Hamster Kombat. On July 8, Bybit made an official announcement about the launching of the Hamster Kombat (HMSTR) token on its Bybit

July 8, 2024 2 mins read

Cardano's Downward Spiral: Analyzing the Storm of Bearish Indicators

Cardano (ADA) Price Continues to Bleed Amid Strong Market Volatility

The Chang hard fork is an update that many are looking forward to, and Cardano is getting ready for it. It is scheduled to happen at the end of July. Given the remarkable price surge that followed Cardano’s last hard fork in 2021, this move has aroused a great deal

July 8, 2024 1 min read

Solana Price Sinks Steeply Amidst Overall Market Downturn

Solana Price Faces Severe Negative Momentum Despite Brief Rebound

The price of Solana is showing signs of a possible long-term negative trend, which may lead to a substantial decline in the next few days. Even if the current FUD (Fear, Uncertainty, and Doubt) trade seems to have ended, the token might be in a crucial position if the negative

July 8, 2024 2 mins read

Vitalik Buterin Hails Ethereum's Resilience Over Supermajority

Vitalik Buterin Warns of Privacy Challenges Amid EU’s Chat Monitoring Proposal

In response to the EU’s efforts to regulate chats on social media platforms, Vitalik Buterin, co-founder of Ethereum, has spoken out. Vitalik Buterin expressed his satisfaction at the resounding defeat of the European Union’s Chat Control 2.0 plan. He was appreciative of the work of many people and organizations who

July 6, 2024 2 mins read

Binance Launches “Be Binance” Campaign for 7th Anniversary Celebration

As part of its seventh anniversary celebration, Binance, the world’s largest cryptocurrency exchange based on trading volume and the leading global blockchain ecosystem, today announced the launch of its worldwide campaign, “Be Binance.” Over 200 million people worldwide will be able to join in on the celebration of this milestone. Rachel Conlan, Chief

July 5, 2024 2 mins read

Hyve Partners with Lido to Launch X Committee, Offering Scalable DA

Orbs Launches Liquidity Hub on Fenix Finance for Enhanced Liquidity on Blast

Orbs, a layer 3 blockchain, has announced the introduction of its liquidity hub on Fenix Finance. When it is deployed, users of the L2 will benefit from increased capital efficiency and deeper liquidity on the Blast DEX. Orbs Liquidity Hub functions as a layer above the Fenix Finance DEX. It brings

July 4, 2024 2 mins read

The country's vice president, Kashim Shettima, has said that Nigeria is prepared to surpass other developed nations economically and technologically. As part of Nigeria's plan for digital transformation and leadership in Africa, Shettima revealed this on Tuesday when he inaugurated the AI Expertise Blockchain and Technology Training and Outsourcing Initiative in Dutse, the capital of Jigawa State. In collaboration with the prominent tech firm Gluwa, the AI Expertise Blockchain and Technology Training and Outsourcing Initiative seeks to provide training in artificial intelligence, blockchain, and other cutting-edge technologies to 1,000 Nigerians every year. The Vice President urged Nigerian youngsters to embrace the initiative, stating that it is critical to the country's economic future, at the initiative's debut at the Yakubu Gowon NYSC Orientation Camp, Fanisau, Dutse. According to him: “We are not merely catching up with the rest of the world; we are poised to overtake them. This initiative offers its beneficiaries the chance to become part of a global workforce, driving innovation that will shape our future”. Together with outlining the initiative's wider goals, he said that the federal government is aiming to establish a nationwide network of tech centers that would sustain Nigeria's economic development for many years to come. The Vice President expressed gratitude for the collaboration with Gluwa, saying it is in line with President Tinubu's plan to transform Nigeria's digital technology space. He praised Gluwa for empowering Aella Microfinance Bank and enabling the flow of nearly N100 billion to two million Nigerians, while also acknowledging the substantial impact of the company. Jigawa State Governor Umar Namadi highlighted the significance of the initiative in his previous speech, calling it a unique chance that is right at the young people's doorstep. According to him, the new initiative prioritizes innovation and digital technologies and is in line with Jigawa State's 12-Point Agenda as well as the federal government's Renewed Hope Agenda. The governor went on to announce the creation of a new ICT & Digital Economy Agency, stating, that they are more committed than ever to re-establish Jigawa State as a significant ICT hub in Nigeria. Shettima had earlier announced the launch of the fourth iteration of the Expanded National Micro, Small, and Medium Enterprises (MSMEs) Clinic, revealing that President Bola Tinubu had issued an executive order directing the federal government to provide N150,000 grants to each state's business owners as part of its support for MSMEs nationwide. He said that the N150,000 that the president had allocated to each MSMEs was an outright grant that did not need to be repaid. One of the federal government's initiatives to facilitate business in Nigeria is the Expanded National MSME Clinics. These are a series of business forums that are arranged throughout the nation to offer MSMEs immediate solutions to problems they face. The first, second, and third editions of the clinics were introduced earlier this year in the states of Benue, Ogun, and Ekiti, respectively. The MSMEs sub-sector, according to Shettima, is the backbone of the country's economy and has been a top priority for the Tinubu administration. They not only account for over 45% of Nigeria's GDP and 96% of all businesses in the country, but they also provide a vital lifeline for 80% of the workforce. Malam Umar Namadi, the governor of Jigawa State, had earlier expressed gratitude to the federal government for granting the state's citizens dividends of democracy via the MSME Clinics and other similar initiatives dispersed around the region. Namadi called the initiative a unique chance for operators in the state's small business sector and encouraged both current and prospective entrepreneurs to use the services offered by the clinics.

Transactions Fees on KuCoin to Incur 7.5% VAT for Nigerian Users

The cryptocurrency exchange KuCoin has stated that transaction fees will henceforth be subject to a 7.5% VAT. Those Nigerian users who have completed the KYC registration process will be hit by this new charge. The transaction fees, and not the overall transaction volume, will be subject to this VAT as

July 3, 2024 2 mins read

Pixelverse Integrates Solana-based Meme Coin Cat Character MEW

Pixelverse, a Web3 gaming ecosystem, plans to include the meme coin character MEW, based on Solana, into its real-time game rooster. The Pixelverse games operate inside the Telegram ecosystem, and this shift is expected to draw in new participants. The first meme coin based on Solana to be featured on TON will be MEW. Kori Leon,

July 3, 2024 1 min read

Robinhood Expands Services to New US Territories Amid Market Upheaval

The popular trading platform Robinhood has added additional US regions to its crypto offerings. This growth is happening when the cryptocurrency market is experiencing tremendous upheaval, which is causing some rivals to struggle. Robinhood’s move to expand its services shows how serious it is about increasing its crypto offerings and

July 2, 2024 1 min read

Chromia Announces Highly Awaited MVP Mainnet Launch for July 16

The MVP Mainnet launch for Chromia has been announced. Its relational blockchain network is scheduled to go live on July 16. In addition to marking the genesis of the native CHR token, the MVP Mainnet will provide the groundwork for the Chromia network. With its introduction, the MVP Mainnet will be able

July 2, 2024 2 mins read