Mon, November 25
Profile picture of Ashfaq

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

Kresus Crypto Wallet Offers a Hassle-Free Solution for NFTs Storage via Sotheby's Metaverse

Cristiano Ronaldo Hosts Memorable Training Day for CR7 NFT Holders

Five CR7 NFT holders were given the unique chance to train and interact with Cristiano Ronaldo in Lisbon in November. As part of the latest NFT collection, the CR7 ForeverZone Collection, the lucky owner of the Golden Ticket was given the chance to meet Ronaldo together with other people who

January 25, 2024 2 mins read
Honduras Prohibits Banks from Crypto Dealings Citing Lack of Regulation

Prominent Analyst Predicts Bitcoin Underperformance in 2024

Mike McGlone, a senior commodity analyst at Bloomberg, predicts that Bitcoin would underperform the stock market in 2024 when adjusted for risk, while gold could emerge victorious. In spite of the optimistic talk around the impending Bitcoin halving and the recent approval of spot Bitcoin ETF, the biggest cryptocurrency may

January 25, 2024 2 mins read
Bitcoin Mining Firm Bit Digital Posts $44.9M Profits in 2023

Bitcoin Mining Firm Core Scientific to Resume Nasdaq Trading

As part of its attempts to reorganize after filing for bankruptcy in 2022, Core Scientific, a bitcoin mining corporation located in Texas, has stated that it would resume trading on Wednesday and return to Nasdaq. In a statement released on Tuesday, the firm said that it has successfully reduced $400

January 24, 2024 1 min read
Goldman Sachs Upgrades Coinbase to Neutral Amid Stock Surge

JPMorgan Downgrades Coinbase Amid Bitcoin’s Lackluster Performance

In a research report released on Monday, JPMorgan downgraded U.S. exchange Coinbase (COIN) to underweight and warned that the debut of spot bitcoin ETFs, the primary driver of bullish sentiment in the cryptocurrency markets last year, might disappoint investors in 2024. Analysts led by Kenneth Worthington mentioned: “While we continue

January 23, 2024 2 mins read
SEC Dismisses Ripple's Defenses, Highlights Concerns Over Future Breaches

Ripple Counters SEC’s Latest Discovery Request in Ongoing Legal Battle

In the continuing legal struggle between XRP and the SEC, Ripple, the firm behind the token, is pushing back. The newest development is that Ripple has opposed the SEC’s most recent request for post-complaint discovery. The crux of the matter is the SEC’s request that Ripple provide more records and

January 21, 2024 1 min read
$HTX’s Major Upgrades: Unmasking Combined Strategies for Investment Value and Long-Term Gains

Huobi Token (HT) Converted to HTX, Enhanced Benefits Unveiled

Under Justin Sun’s leadership, HTX initiates the transformation from HT to HTX, which is a major milestone for Huobi Token (HT). The upgrade, detailed in a recent press release, brings about many improvements, including the listing of HTX DAO (HTX) and the ability for HT holders to willingly trade their

January 20, 2024 2 mins read
Crypto Scams Soar: FBI Reports $3.94 Billion Losses in 2023

Justin Sun Led HTX Crypto Exchange Triumphs Over DDoS Attack

After a recent Distributed Denial-of-Service (DDoS) assault, the services of Justin Sun led crypto exchange HTX and its decentralized autonomous organization (HTX DAO) have been restored. The platforms’ resilience and sophisticated security mechanisms were on display during the short disruption of operations caused by the DDoS assault that occurred on

January 20, 2024 1 min read
Grayscale Names Peter Mintzberg CEO Amid Bitcoin ETF Outflows

Grayscale CEO Justifies 1.5% Bitcoin ETF Fee Despite Competition

Michael Sonnenshein, CEO of Grayscale Investments, defends the market-leading 1.5% fee of the Grayscale Bitcoin Trust ETF (GBTC) despite concerns. Even though the U.S. SEC recently approved many Spot Bitcoin ETFs, Sonnenshein boldly claims that the majority of them will fail, casting doubt on their dedication to the asset class

January 19, 2024 2 mins read
Solana's New Memecoin COOLCoin Dump Raises Concerns

Manta Network Faces Severe DDoS Attack Amid Token Listing

In the midst of a successful token listing on various exchanges, Layer-2 blockchain driven by zero-knowledge proof Manta Network was hit by a distributed denial-of-service (DDoS) assault.  According to Kenny Li, co-founder of P0xeidon Labs—the cryptographic team of developers behind Manta Network—the nodes of the blockchain were subjected to more

January 19, 2024 1 min read
BlackRock's Bitcoin ETF Surpasses MicroStrategy's Holdings

BlackRock’s Spot Bitcoin ETF Hits $1 Billion AUM in First Week

With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:

January 18, 2024 1 min read