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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

Bitcoin Mining Firm Bit Digital Posts $44.9M Profits in 2023

Bitcoin Mining Achieves 54.5% ATH Sustainable Energy Usage

According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast

January 19, 2024 1 min read
USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023

USDT Issuer Tether Bought $380 Million Worth of Bitcoin

Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC.  In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a

January 18, 2024 1 min read
Binance Ramps Up Web3 Education with Global Initiatives

Binance Ramps Up Web3 Education with Global Initiatives

Our distinctive user-obsessed culture at Binance includes a constant drive to raise the bar for industry best practices and lead by example when it comes to supporting consumers. This involves using education to advance financial innovation in a sustainable way for our community and the larger ecosystem. Since the Web3 and

January 18, 2024 8 mins read
Dubai Financial Services Authority (DFSA) Amends Crypto Token Regime

Crypto Exchange OKX Secures VASP License from Dubai’s VARA

As part of its worldwide expansion strategy, OKX, a prominent crypto exchange, has secured a VASP license from VARA, the Virtual Assets Regulatory Authority (VARA), in Dubai. Furthermore, this noteworthy accomplishment showcases the innovative approach to virtual assets and Web3 technology in Dubai, as well as OKX’s dedication to regulatory

January 16, 2024 1 min read
Stablecoin Supply Skyrockets: Reaches $165 Billion, Highest in 2 Years

Morgan Stanley Backs Stablecoins Against USD De-Dollarization

In light of worries over de-dollarization, renowned financial institution Morgan Stanley expects stablecoins to support the US dollar (USD). In light of the proliferation of digital currencies, this report examines the threats that the US dollar faces. It also highlighted international initiatives aimed at promoting de-dollarization. Despite the United States’

January 16, 2024 2 mins read
DODO Launches DODOchain: Layer 3 Omni-Trading Blockchain for Cross-Chain Liquidity

Moody’s Highlights Risks Associated With Blockchain-based Tokenized Funds

Investment in assets like government bonds might be more efficient with blockchain-based tokenized funds, according to research by Moody’s, a world-renowned credit rating agency.  Despite the advantages, researchers at Moody’s have warned of the growing technical hazards connected to these digital investment vehicles. The use of tokenized funds that are

January 16, 2024 2 mins read
Hitachi Joins Hedera Council To Boost Real-world Industrial Solutions

Hitachi Joins Hedera Council To Boost Real-world Industrial Solutions

Hitachi America, Ltd. (Hitachi) has joined the Hedera Council, bringing with it expertise in industrial solutions. Throughout the Americas, Hitachi operates both directly and via its subsidiaries, providing a wide variety of products and services in electronics, power, industrial, healthcare, information technology, operational technology, mobility, and the IoT. Within the

January 15, 2024 2 mins read
Kevin O'Leary Expresses Skepticism on Bitcoin ETFs Approval

Kevin O’Leary Expresses Skepticism on Bitcoin ETFs Approval

The famous investor Kevin O’Leary from the popular TV show “Shark Tank” has lately voiced his doubts on the merit of Bitcoin ETFs. The present craze around Bitcoin ETFs doesn’t appeal to O’Leary much, despite the fact that he is known as a long-term Bitcoin investor. Fees levied by ETF

January 14, 2024 2 mins read
MicroStrategy's Michael Saylor Unveils Ambition for Largest Bitcoin Bank

Michael Saylor Issues Warning on Rising Bitcoin Frauds

In light of the increasing number of frauds utilizing Bitcoin, Michael Saylor, Chairman of MicroStrategy Incorporated, has delivered an emphatic caution to the crypto community. A twitter post made public by Saylor reveals that MicroStrategy and his fame are often used to defraud individuals. Also, according to the Chairman, whose

January 14, 2024 1 min read
Shiba Inu's Weekly Burn Rate Skyrockets Fueling Optimism

Shiba Inu’s Weekly Burn Rate Skyrockets Fueling Optimism

With a massive spike in its weekly burn rate, Shiba Inu sparked widespread optimism within the SHIB army. Shibburn, a platform that facilitates SHIB burning information, showed a jump of approximately 6000%, according to on-chain data, and this has sparked curiosity among crypto market aficionados worldwide. In line with the

January 13, 2024 1 min read