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Shanawaz

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.

Posts by Shanawaz

Sale of Donated CryptoPunk NFT Brings $100K For Ukraine's Military Effort

Ukraine Joins European Blockchain Partnership (EBP) Despite Non-EU Country

Yarmolenko said the relationship was a method to improve EU links. Zhmerenetsky said that the EU-wide blockchain alliance would help Ukrainian migrants. This week, Ukraine joined the European Blockchain Partnership (EBP), a cross-border public service project developed by 27 EU member states after Norway and Liechtenstein. EU’s Digital Economic Sphere

June 18, 2022 2 mins read
Crypto Market Intelligence Portal Initiative Launch Announced by BIS

Coinbase Faces Class Action Suits Over Recent Stablecoin Crash

The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-action lawsuit was launched against Coinbase, claiming the trading platform was irresponsible in listing the TerraUSD stablecoin and charging that it

June 18, 2022 2 mins read
Three Arrows Capital Furnished Singapore Regulators With False Information

Three Arrows Capital (3AC) Facing Insolvency as per Recent Reports

According to reports, the 3AC “liquidation” reached at least $400 million. According to Dune Analytics, 3AC’s portfolio allocation is $372.47 million. Digital currency hedge firm Three Arrows Capital (3AC) may face insolvency, according to sources who spoke to The Block writer Frank Chaparro. According to reports, the 3AC “liquidation” reached

June 16, 2022 1 min read
AAX Crypto Exchange Sponsors Eurasia’s Largest Blockchain Economy Istanbul Summit 2022

AAX Expands Globally Despite Recent Market Breakdown

AAX (aax.com) is hiring hundreds of people as part of its intention to double its workforce this year in order to support its worldwide development objectives. AAX plans to create new offices in other areas and hire more employees to increase its product offerings and expertise. In addition to AAX,

June 16, 2022 2 mins read

Russia’s Banking Giant ‘Sber’ To Execute First Digital Currency Deal Next Month

By mid-July, the bank plans to undertake its first DFA transaction. The VTB board member said they would establish a new platform to acquire digital rubles. Russian banking heavyweight Sber is gearing up to close its first digital currency transaction employing the bank’s unique platform for virtual assets. By mid-July,

June 15, 2022 2 mins read
Reportedly SEC To Start Investigating Exchanges of Alleged Insider Trading

Reportedly SEC To Start Investigating Exchanges of Alleged Insider Trading

Insider trading on crypto exchanges will be investigated by the US Securities and Exchange Commission (SEC), according to Fox Business reporter Eleanor Terrett. The Fox News reporter added that the SEC has already issued letters to the top crypto exchanges requesting information on the absence of insider trading safeguards. She

June 14, 2022 2 mins read
Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97

TRON DAO Reserve Receives 700M USDC to Defend USDD Peg

During Monday’s turmoil, the USDD stablecoin dropped slightly to $0.977 per unit. Tron DAO Reserve had to deploy money to protect the $1 parity. In light of Terra UST’s demise and the present state of the crypto market, many have turned their attention to USDD, a Tron-based algorithmic stablecoin. USDD

June 14, 2022 2 mins read
Indian Crypto

Prominent Turkish Exchange Bitay Plans to Enter the Indian Crypto Market

The company has already set up an office in Gurgaon in India. According to the data, the Indian crypto market grew by 641% in June 2021. Bitay, a well-known Turkish cryptocurrency exchange, plans to enter the Indian market. Bitay also welcomes India’s crypto tax restrictions. The exchange aims to target

June 12, 2022 2 mins read