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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

UNKJD Studios Revamps MonkeyLeague as 'UNKJD Soccer' in Rebranding Move

UNKJD Studios Revamps MonkeyLeague as ‘UNKJD Soccer’ in Rebranding Move

UNKJD Studios (previously ‘Uncaged Studio’), well recognized for its Web3 game MonkeyLeague, presents UNKJD Soccer as its new brand. It has a new vision to create the brand on the three main pillars of IP, game, and Web3, with the goal of going beyond the mobile soccer game. With new sports

February 7, 2024 2 mins read
Binance Announces Monero (XMR) Delisting, Triggering a 38% Price Drop

Binance Announces Monero (XMR) Delisting, Triggering a 38% Price Drop

Following Binance’s announcement that it would delist the Monero (XMR) privacy coin from its platform, the price of the privacy-focused cryptocurrency fell to levels not seen in months. Binance said on February 6 that Monero (XMR) would be delisted from the exchange on February 20, 2024, along with other currencies

February 6, 2024 2 mins read
DODO Launches DODOchain: Layer 3 Omni-Trading Blockchain for Cross-Chain Liquidity

Orbs Blockchain Unveils V4 Upgrade Amidst Surging Industry Demand

Revolutionary blockchain infrastructure project Orbs has stated that it is working on Orbs V4, the next significant version of its network protocol. V4, which is seen as an important upgrade, is intended to improve the reliability and efficiency of Orbs’ Layer 3 technology, readying the network for an anticipated spike in

February 6, 2024 2 mins read
Montenegro Authorities Extradite Former Terra CFO To South Korea

Montenegro Authorities Extradite Former Terra CFO To South Korea

After spending time in jail in Montenegro, Han Chang-joon, the former chief financial officer of Terraform Labs, was extradited to South Korea. Both Terraform Labs and its co-founder, Do Kwon, were detained in March for trying to leave using phony passports. This additional twist adds another degree of complication to

February 5, 2024 1 min read
Crypto Exchange Binance Burns 1.19B LUNC Tokens in 25th Burn Batch

Binance Burns 2.1B Terra Luna Classic (LUNC) Tokens in 18th Batch

In the 18th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.1 billion Terra Luna Classic (LUNC) tokens. With almost 50 billion LUNC burnt so far, the crypto exchange accounts for 52.4% of all tokens burned by the Terra Luna Classic community. The Terra Luna Classic community has

February 4, 2024 1 min read
Cathie Wood Led Ark Invest Sells $7.5M Worth Robinhood Stock

Cathie Wood Led Ark Invest Acquires More Crypto-Related Stocks

Ark Invest, led by Cathie Wood, has been buying up cryptocurrency-related stocks, including its Ark 21Shares spot Bitcoin ETF (ARKB). Last week, the ARK Next Generation Internet ETF (ARKW) spent $51 million buying 1.27 million ARKB units. The ARK Next Generation Internet ETF (ARKW) managed by Cathie Wood maintained its

February 3, 2024 1 min read
Senator Elizabeth Warren Criticizes Crypto for Promoting Illicit Finance

Senator Elizabeth Warren Criticizes Crypto for Promoting Illicit Finance

At Thursday’s hearing before the Senate Banking Committee, Senator Elizabeth Warren and other Democrats condemned the purported use of cryptocurrency in illegal financing and frauds. Senator Lindsey Graham (R-S.C.) is one of 19 senators who have lent their support to Warren’s Digital Asset Anti-Money Laundering Act, which she has been

February 2, 2024 2 mins read
Crypto Scams Soar: FBI Reports $3.94 Billion Losses in 2023

Binance Freezes $4.2M in XRP Linked to Ripple Co-founder’s Wallet Hack

After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also

February 2, 2024 2 mins read
Solana's New Memecoin COOLCoin Dump Raises Concerns

Solana’s Phantom Wallet Hit by DDoS Attack, Services Temporarily Disabled

A Distributed Denial of Service (DDoS) assault has been reported on Solana’s Phantom wallet. The protocol has detected many attempts to overwhelm its systems, according to the team behind Phantom.  PSA: We're currently experiencing a DDOS attack. There are attempts to overload our systems and some services may be temporarily

February 2, 2024 2 mins read
Germany's Second-Largest DZ Bank to Launch Retail Crypto Trading Pilot

Germany’s Second-Largest DZ Bank to Launch Retail Crypto Trading Pilot

DZ Bank, the second-largest bank in Germany, said on Thursday that it would begin testing retail crypto trading this year. The cryptocurrency-friendly financial institution intends to pilot Bitcoin transactions with clients after launching a cryptocurrency custody platform in November last year. Sometime later this year, DZ Bank will reportedly begin

February 1, 2024 1 min read