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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

PayPal Appoints Intuit’s Alex Chriss as New CEO and President

Payment Processor PayPal Launches Crypto Services in Luxembourg

In what seems to be an effort to spread crypto services throughout the European Union. Financial services major PayPal aims to establish cryptocurrency operations in Luxembourg. Users of PayPal will soon be able to trade Bitcoin and Ethereum, as well as purchase and store digital currencies. PayPal said in a

December 8, 2022 1 min read
Crypto Lending Platform Nexo Introduces Ethereum Smart Staking

Crypto Lending Platform Nexo Introduces Ethereum Smart Staking

Following the release of its Ethereum Smart Staking solution, Nexo saw a 5.3% increase in the value of its native coin. Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH (NETH) and get staking incentives of between 4% and 12% APY, paid out in NETH.  According

December 8, 2022 1 min read
MetaMask App Briefly Removed; Then Reinstated on Apple App Store

Consensys Announces Update to Metamask Wallet Post Policy Criticism

Since the cryptocurrency community fought back against ConsenSys’ privacy policy last month. The company has given various revisions and explanations about how it handles user data. Last month, when users found out about the practice. Many of them saw it as going against the decentralized, privacy-focused spirit of Ethereum. Following

December 6, 2022 1 min read
Binance CEO CZ Tweets ‘Goblin Mode’ Post Oxford Results

Binance CEO CZ Tweets ‘Goblin Mode’ Post Oxford Results

The term “goblin mode” was named by Oxford Dictionaries as their Word of the Year for 2016. A recent online poll by Oxford Dictionary asked English speakers to choose their Word of the Year, and “goblin mode” won by a landslide. Binance CEO, Changpeng Zhao (CZ), recently acknowledged Goblin Mode

December 6, 2022 1 min read
Aave Community Unanimously Supports CRV Borrowing Prohibition

Aave Announces Acquisition of Social Metaverse Developer ‘Sonar’

Software development business Aave Companies today announced the purchase of Sonar. It is a San Francisco-based metaverse developer. Where users may construct worlds and interact with user-created areas utilizing non-fungible tokens (NFTs). The Aave Companies is the parent company of many different cryptocurrency initiatives. Such as the Aave lending and

December 5, 2022 2 mins read
USDC Issuer Circle Applies For Regulatory Approval in France

USDC Issuer Circle Dissolves SPAC Agreement With Concord

On Monday, Circle Internet Financial, the firm behind the stablecoin USDC, made the formal announcement that it was dissolving its special purpose acquisition company (SPAC) with Concord Acquisition. The original proposal for the corporate merger was made public in July 2021. The firms’ boards of directors, both at Circle and

December 5, 2022 1 min read
Amber Group Reportedly Cancels $25M Chelsea FC Sponsorship Deal

Nobel Prize Laureate Paul Krugman Cautions of Endless Crypto Winter

The Nobel prize laureate Paul Krugman is warning that blockchain-based projects, such as Bitcoin and other cryptocurrency networks, will soon enter an unending cryptocurrency winter. A column written by an economist and published in the New York Times on December 1st explains the technology’s true value and the warning signals

December 4, 2022 2 mins read
Octopus Network Announces Mass Layoff Amid Sluggish Market

Bybit Exchange To Lay Off 30% Staff Amid Sluggish Conditions

Crypto exchange Bybit has announced yet another round of widespread layoffs for the year 2022. Bybit co-founder and CEO Ben Zhou recently unveiled a restructuring plan that includes a significant decrease in staff in the face of a protracted bear market. All staff will be impacted by the “planned downsizing”.

December 4, 2022 1 min read
U.S SEC Issues Second Subpoena to Bitcoin Miner Marathon Digital

Bitcoin Mining Gears Q4 Sale Skyrockets in Russia

Despite the volatile price of Bitcoin, a recent analysis by Kommersant shows that purchases of Bitcoin mining devices in the nation skyrocketed in the fourth quarter. Low costs for gear and power have also contributed to the dramatic growth. Sales at Chilkoot, one of Russia’s authorized dealers of cryptocurrency mining

December 3, 2022 1 min read
Daesung Private Equity Unveils $83.5M Metaverse Fund

Daesung Private Equity Unveils $83.5M Metaverse Fund

The South Korean VC company Daesung Private Equity has made the decision to invest in the metaverse. On November 30th, the firm announced the creation of a fund dedicated to investing in the metaverse. With a total of 110 billion won (about $83.5 million). With the backing of the Korea

December 3, 2022 2 mins read