Mahamat Ashraf
Passionate and creative gaming content writer with 3 of experience in the gaming industry. I specialize in crafting captivating narratives, game reviews, and engaging content that resonates with gamers of all genres. A dedicated lore enthusiast, I excel in exploring and expanding upon the rich stories that games have to offer. As a gamer myself, I bring an authentic and enthusiastic voice to my work, connecting with the gaming community on a personal level. Let's level up your gaming content together!
Articles by Mahamat Ashraf
4 months ago
1 min read
The Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs, a recent twist in the crypto landscape, marked a significant milestone for the digital asset realm. However, Vanguard, the investment giant, has chosen not to include Bitcoin ETFs in its offerings, drawing criticism from prominent figures such as Cathie Wood, CEO of Ark Invest. Cathie Wood publicly expressed her dissatisfaction with Vanguard’s decision, calling it “terrible.” She expressed concern that the investment behemoth might prevent investors from participating in what she called the “first global, decentralized monetary system.” Wood’s criticism highlights the schism in the investment industry over the adoption
4 months ago
1 min read
Robinhood is preparing to list 11 new Bitcoin spot ETFs that have been approved by the US Securities and Exchange Commission (SEC). Tenev sees these approved financial instruments as a game changer in managing the investment risks associated with digital assets. Notably, this is a milestone for the first-ever approved Bitcoin spot ETFs in the US. Robinhood is committed to providing educational resources on Bitcoin, ETFs, and effective risk management strategies in addition to listing these assets. Tenev’s vision exemplifies the platform’s commitment to providing investors with the knowledge and tools they need to navigate the volatile world of digital
4 months ago
2 mins read
Apple’s App Store in India recently restricted access to crypto exchange apps such as Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC. This decision comes just weeks after the Indian government issued a noncompliance notice to nearly a dozen offshore cryptocurrency exchanges. The Financial Intelligence Unit (FIU) of the Indian Ministry of Finance issued a notice to several exchanges, including Binance, Huobi, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex, and Bitfinex, on December 28, 2023, for allegedly operating illegally in India. The FIU emphasized that any exchange that caters to Indian users must register as a “reporting entity” and file
4 months ago
1 min read
The Central Bank of Nigeria (CBN) is preparing to launch its naira stablecoin, cNGN, on February 27, 2024, in a significant step toward embracing blockchain technology. This ground-breaking initiative is part of a pilot program within the CBN’s regulatory sandbox, and it represents a significant step forward in improving global transactions. The Africa Stablecoin Consortium, comprised of Nigerian banks and fintech firms, was instrumental in obtaining approval for the cNGN stablecoin. Working closely with regulatory authorities, their collaborative efforts are focused on ensuring the stablecoin’s stability, transparency, and compliance. Unlike the CBN-initiated eNaira digital currency, the cNGN is managed by
4 months ago
1 min read
A recent development in the crypto landscape is causing a stir among users and advocates alike. The Infrastructure Investment and Jobs Act, passed by the US Congress, introduces a reporting provision requiring individuals involved in crypto transactions exceeding $10,000 to report them to the Internal Revenue Service (IRS) within 15 days. While this move aims to enhance transparency, it brings about a series of challenges and uncertainties. The Infrastructure Investment and Jobs Act, effective January 1, 2024, mandates that anyone receiving over $10,000 in crypto transactions must report the details to the IRS within 15 days. This includes providing personal
5 months ago
1 min read
As the new year begins, crypto enthusiasts and mainstream investors are closely monitoring key economic reports from the United States. The emphasis is on traditional financial indicators and the burgeoning crypto market, where Bitcoin’s recent surge has sparked considerable interest. Investors are especially interested in upcoming reports that provide insight into the state of the US economy. The Institute for Supply Management’s December ISM Manufacturing PMI report is scheduled for release on Wednesday. This report is an important indicator for investors because it provides a snapshot of the overall health of the US manufacturing sector. Furthermore, the minutes of the
5 months ago
1 min read
Thunder Terminal, an on-chain trading platform, was recently the victim of a hacking attempt, resulting in the loss of 86 ETH and 439 SOL. Despite the breach, Thunder Terminal responded quickly, assuring users that all funds are secure and taking immediate steps to mitigate the impact. The hackers took advantage of a vulnerability by gaining access via a MongoDB URL, allowing them to execute fraudulent withdrawal requests and steal large sums of digital assets. The unauthorized activity began at 12:11:47 AM UTC but was effectively stopped by 12:20:35 AM UTC, demonstrating Thunder Terminal’s quick response to the security breach. Thunder
5 months ago
2 mins read
Kyber Network, a decentralized finance (DeFi) platform, suffered a major setback in November as a result of a significant security breach, but CEO and co-founder Victor Tran is leading efforts to address the fallout and reshape the platform’s future. According to the latest statement, despite the challenges posed by the “Elastic exploit,” KyberSwap‘s core business, including the aggregator and limit order functions, remains fully operational. Kyber Network is responding to the changing landscape by implementing strategic and operational changes. The upcoming launch of the Zap API, designed to enable decentralized applications (dApps), wallets, and other projects to serve as user-friendly
5 months ago
1 min read
Coinbase CEO Brian Armstrong has spoken out against the anti-crypto stance taken by some US Senators. Armstrong’s criticism comes as Senators Marshall and Warren seek support for a new anti-crypto bill, a move that the Coinbase CEO considers unwise, particularly in the run-up to the 2024 elections. The Chamber of Digital Commerce revealed the senators’ efforts to gain support from the American Bankers Association for their anti-crypto legislation. In response, Armstrong accused the senators of siding with major banks, indicating a concerning collaboration that could stymie the cryptocurrency industry’s progress. Despite these difficulties, Armstrong shed light on the growing importance
5 months ago
1 min read
The embattled crypto exchange, FTX Trading Ltd., is nearing the end of its bankruptcy proceedings and has proposed a plan to repay billions to customers and creditors. This is the conclusion of a complicated case stemming from a major fraud scandal involving FTX’s former CEO. To settle outstanding debts, the proposed plan calls for a comprehensive restructuring of the company’s assets and finances. Stakeholders are eager to learn about the future trajectory of FTX’s crypto exchange and how digital token valuations will be determined, leaving creditors wondering how much money they might be able to recover. Following the completion of
5 months ago
1 min read
In response to a significant security breach, Ledger, a prominent crypto wallet provider, has issued a critical software update, urging users to upgrade to version 1.1.8 as soon as possible for increased security. The company has advised users to wait a day before using the wallet after upgrading to the latest version. When a former Ledger employee fell victim to a phishing attack, they unwittingly granted unauthorized access to their account. Initially reported to be a loss of around $150,000, recent updates from Bitcoin.com indicate that the impact may have increased to around $484,000. Ledger has been quick to respond
5 months ago
1 min read
Former SEC Internet Enforcement Chief John Reed Stark recently shared his thoughts on Binance, the global cryptocurrency exchange, and its mounting legal problems. His remarks shed light on the intense scrutiny directed at Binance and its former CEO, Changpeng Zhao (CZ) by both the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Stark emphasized Binance’s extraordinary level of scrutiny, citing DOJ documents that reveal the extent of monitoring and commitments Binance has made. According to Stark, the DOJ’s demands include strict adherence to rules and regulations, which could result in significant costs for the crypto exchange.
