Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Ethereum Developer Praises EIP-1559 as “The Great Equalizer”

January 18, 2024 2 mins read

Péter Szilágyi, an Ethereum (ETH) developer, recently praised Ethereum Improvement Proposal 1559 (EIP-1559), describing it as “the great equalizer.” In a post published on January 16, Szilágyi praised the protocol’s ability to level the playing field between validators and regular Ethereum network users. EIP-1559, implemented to improve Ethereum’s gas fee mechanism, introduced the concept of a “base fee” that users could bid for transactions. The base fee is then burned

Cathie Wood criticizes Vanguard’s rejection of Bitcoin ETFs

January 15, 2024 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

Robinhood to List the 11 Approved Bitcoin ETFs

January 11, 2024 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

Apple App Store in India has blocked Binance, KuCoin, Bitget, Huobi, OKX, Gate.io and MEXC crypto exchange apps

January 10, 2024 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

Nigeria’s CBN to launch cNGN stablecoin on February 27

January 8, 2024 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

Any US resident making crypto transactions exceeding $10,000 will soon have to report them to IRS

January 5, 2024 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

Bitcoin (BTC) Surges Past $45.5K as Investors Await Major U.S. Reports

January 2, 2024 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

Thunder Terminal was the victim of a hacking attempt, resulting in the loss of 86 ETH and 439 SOL

December 28, 2023 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

Kyber Network Navigates Security Breach Fallout with CEO Victor Tran Leading the Charge

December 27, 2023 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

Coinbase CEO Urges Public to Shape Fair Crypto Laws Amid Senators’ Anti-Crypto Bill

December 20, 2023 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,

FTX exchange is nearing the end of its bankruptcy proceedings

December 18, 2023 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

Ledger Addresses Security Breach, Urges Users to Update Software

December 15, 2023 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