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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

Shiba Inu Burns Over 1.1 Billion Tokens in a Single Transaction

Shiba Inu Burns Over 1.1 Billion Tokens in a Single Transaction

SHIB HODLER, who has 401.3K followers on Twitter, recently announced that Shiba Inu burned over 1.1 billion SHIB tokens in a single transaction within the last 24 hours. This means that the tokens were permanently removed from circulation, thereby reducing the total supply of SHIB tokens. BREAKING‼️1.1 billion $SHIB burnt

April 9, 2023 2 mins read
Ripple Becomes First Platinum Partner at CBDC Symposium in London

Ripple Becomes First Platinum Partner at CBDC Symposium in London

The biennial Digital Monetary Institute Symposium in London is one of the most prominent gatherings of central bank digital currency (CBDC) industry leaders. For the year 2023, Ripple is the first platinum partner. Ripple, a San Francisco-based digital firm that develops infrastructure for global payments, has become the first platinum

April 8, 2023 2 mins read
Polygon Now 2nd Largest Blockchain Gaming Network Surpassing Hive

Polygon Now 2nd Largest Blockchain Gaming Network Surpassing Hive

Demand for Ethereum’s layer-2 scalability solution Polygon continues to rise as the second biggest blockchain gaming network by the number of unique active wallets (UAWs) in March. The number of UAWs playing games on Polygon increased by 53% from February to March with 138,081, according to the “Blockchain Games Report”

April 8, 2023 1 min read
ETH

Ethereum Enters Consolidation Phase: Decoding ETH Price Analysis

The April 12 rollout of the Shanghai and Capella upgrades, together known as the Shapella, is eagerly anticipated by the ETH community. Investors in the cryptocurrency market likely regard the Shanghai hard fork as a bullish trigger occasion, given the altcoin’s price increase in the week preceding the event. From

April 6, 2023 2 mins read
Binance

Crypto Exchange Binance Shuts Down Derivatives Offering in Australia

On Thursday, the Australian Securities and Investments Commission (ASIC) said that it would be revoking Binance’s Australian financial services (AFS) licence, which had been issued to the company under the name Oztures Trading Pty Ltd. In response to Binance’s request for cancellation, ASIC confirmed that the termination of the licence

April 6, 2023 2 mins read
Dubai Regulatory Authority Demands Binance Disclose Additional Information

Dubai Regulatory Authority Demands Binance Disclose Additional Information

Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. More crypto regulation has prompted the request, Bloomberg reports, from firms looking to get a crypto license. As per sources, the requests are due to the massive FTX collapse that occurred

April 5, 2023 2 mins read
Michael Saylor Led MicroStrategy Adds Whopping 1,045 Bitcoin (BTC)

Michael Saylor Led MicroStrategy Adds Whopping 1,045 Bitcoin (BTC)

Amid ongoing growing unease in the conventional market and the financial sector, the global digital market continues to enjoy an upward rise. The largest cryptocurrency by market cap, Bitcoin (BTC), is driving the market to green indices. MicroStrategy Corporation disclosed in its most recent SEC filing that it has increased

April 5, 2023 1 min read
Brazil’s BTG Pactual Investment Bank Launches USD-backed Stablecoin

Brazil’s BTG Pactual Investment Bank Launches USD-backed Stablecoin

With the debut of its stablecoin pegged to the U.S. dollar, major Brazilian investment bank BTG Pactual keeps adding new cryptocurrency services. Using the bank’s custody services, BTG Pactual is getting ready to introduce the BTG Dol, a new stablecoin tied to the U.S. dollar at a 1:1 ratio. On

April 4, 2023 2 mins read
Uniswap Price Analysis: UNIUSDT Identifying Consolidation and Breakout Potential

UniSwap Trading Volume Surpasses Coinbase Amid Regulatory Scrutiny

For the second month in a row, Coinbase‘s trading volume was lower than that of Uniswap, a decentralized cryptocurrency exchange. Uniswap’s spot market volume reached $71.6 billion in March, 45 percent greater than Coinbase’s. March was the highest volume month on the decentralized exchange since January 2022. Despite Coinbase’s volume

April 3, 2023 1 min read