Tue, November 26
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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

Solana's New Memecoin COOLCoin Dump Raises Concerns

Mumbai Airport Faces Blast Threat, $1M in Bitcoin Demanded

The Police Department of Mumbai, India said that on Thursday, the Mumbai International Airport (Chhatrapati Shivaji Maharaj International Airport) got a ‘threat’ message suggesting to blow up Terminal 2 of the airport. Furthermore, to prevent the explosion at Terminal 2, the sender of the email reportedly demanded $1 million in

November 24, 2023 1 min read
Asset Management Firm Ikigai Liquidates $65M Claim in FTX

Defunct Crypto Exchange FTX Transfers $36 Million Worth Tokens

There has been a fresh wave of token transfers by defunct crypto exchange FTX. Lookonchain reports that the defunct exchange transacted almost $36 million worth of Polygon (MATIC) and Avalanche (AVAX) in the last 24 hours. In the past 24 hours, #FTX transferred a total of ~$36M assets to exchanges.

November 22, 2023 2 mins read
Solana's New Memecoin COOLCoin Dump Raises Concerns

Justin Sun-led HECO Chain Hacked to the Tune of $86 Million

There has been a questionable transfer of $86 million from one of the HECO accounts to an unknown address. Cyvers Alerts, an on-chain security tool driven by AI, has announced that it has uncovered the mysterious transaction. HECO, created by Justin Sun, is a gateway that enables the exchange of

November 22, 2023 2 mins read
GAM3 Awards Showcases Pinnacle of Web3 Gaming with Final Nominees

GAM3 Awards Showcases Pinnacle of Web3 Gaming with Final Nominees

The GAM3 Awards 2023 final shortlist of games is now out! The largest web3 gaming event is back for a second year on December 14, 2023. Games compete for bragging rights and a prize pool over $2 million, setting the stage for 2024. This year, GAM3S.GG is reviving the “oscars

November 22, 2023 4 mins read
Uzbekistan Takes Legal Action Against Binance for Unregistered Operations

U.S DOJ Reportedly Seeks $4B Settlement in Ongoing Binance Probe

According to a report from Bloomberg citing persons involved with the talks on November 20th, the US Department of Justice (DOJ) seeks payment for more than $4 billion from Binance Holdings as part of a possible settlement of a years-long probe. Any decision to the inquiry into the corporation, and

November 20, 2023 1 min read
Ark Invest Submits Third Amendment to Spot Bitcoin ETF Application

Ark Invest Submits Third Amendment to Spot Bitcoin ETF Application

Cathie Wood’s Ark Invest has taken a surprising step by submitting a third amendment to its Bitcoin ETF application, which includes many key enhancements that have caught the curiosity of the financial industry. Eric Balchunas, an ETF specialist at Bloomberg, broke the news, calling it “a positive step forward” in

November 20, 2023 2 mins read
Bitcoin Enters Consolidation Phase Eyeing Significant Breakout

Bitcoin Enters Consolidation Phase Eyeing Significant Breakout

According to Santiment, Bitcoin’s price supremacy has returned—at least for the time being-and it has begun to surpass other cryptocurrencies. After a successful month, most altcoins are facing steep correction. Santiment also mentioned that Bitcoin’s NVT ratio had significantly improved. This statistic acts as a vital signal for traders. It’s

November 19, 2023 2 mins read
Yearn.Finance Governance Token YFI Witnesses Massive Nosedive

Yearn.Finance Governance Token YFI Witnesses Massive Nosedive

A suspected exit fraud has investors of the Yearn.Finance governance token YFI on edge. There was a decline of nearly $300 million in market capitalization, according to statistics from CoinMarketCap, as the price of YFI plummeted dramatically. The YFI token dropped from $15,570 to $8,654 within a short duration. The

November 19, 2023 2 mins read
UAE Central Bank Takes First Steps Towards CBDC Development

Mastercard’s Blockchain and Digital Asset Head Deems CBDCs Unnecessary

The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.

November 17, 2023 2 mins read
How to Start Margin Trading on KoinBay?

Crypto Exchange XREX Secures In-principal Approval in Singapore

XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment

November 17, 2023 1 min read