Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Former SEC Chairman Warns of Binance’s Growing Legal Problems in the Face of DOJ and SEC Probe

December 11, 2023 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

El Salvador Launches Citizenship-by-Investment Program, Accepting Bitcoin and USDT

December 8, 2023 1 min read

El Salvador has launched a novel citizenship-by-investment scheme, offering residence permits and a path to citizenship to the first 1,000 people who invest $1 million in Bitcoin or USDT in the country. The program, dubbed the “Adopting El Salvador Freedom Visa Program,” was announced on December 7 by the Salvadoran government and Tether, a stablecoin issuer. While the opportunity is appealing, the cost of citizenship begins at $100,000, putting El

BONK meme coin surges by over 50%, outperforming Dogecoin and Shiba Inu”

December 7, 2023 1 min read

The memecoin BONK has experienced an astronomical surge of 50%, surpassing the performances of popular rivals Dogecoin and Shiba Inu. The sudden rise of BONK underscores the unpredictable and dynamic nature of the cryptocurrency market, where meme coins continue to capture the attention of investors seeking quick and substantial gains. BONK, a memecoin that likely gained attention for its humorous branding, has witnessed an unprecedented surge in its value, leaving

Bitcoin Rockets to $44,000, Wiping Out $160M in Short Trader Losses

December 6, 2023 1 min read

Bitcoin’s recent surge to $44,000 has not only marked a significant milestone in its price trajectory but has also dealt a substantial blow to short traders, resulting in losses amounting to around $160 million. The surge, fueled by strong demand and positive sentiment regarding potential U.S. ETF approval and rate cuts, underscores the dynamic nature of the cryptocurrency market. Short traders, who bet against Bitcoin’s upward movement, found themselves on

Bitcoin surges past $44,000 in the last 24 hours

December 6, 2023 2 mins read

Bitcoin (BTC) is on an incredible rise, breaking through the $44,000 barrier and reaching its highest level since April 2022. Analysts are paying attention to the crypto’s impressive rise, which has increased by more than 160% this year. Meanwhile, JPMorgan CEO Jamie Dimon issued a warning, highlighting potential economic challenges for the United States soon. The dominance of Bitcoin in the current market rally can be attributed to its status

Coinbase launches a feature that allows users to send crypto via social media links

December 6, 2023 1 min read

Coinbase Wallet has launched a feature that will change the way users transfer crypto. Users can now send digital assets through social media links with the click of a button, making crypto enthusiasts’ lives easier. This significant update, announced in a blog post on December 5, represents a significant step forward in making crypto transfers more accessible and efficient. The ability to facilitate instant and fee-free transfers using USD Coin

Excitement Builds as BlackRock and Bitwise Pursue Spot Bitcoin ETF Approval

December 5, 2023 1 min read

The approval of spot Bitcoin ETFs is a hot topic this week, especially in light of the recent filing of updated S1 prospectuses by Bitwise and BlackRock. As the price of Bitcoin surged above $42,000 on Monday night, the excitement reached its peak. James Seyffart, a strategist for Bloomberg ETFs, has been diligently updating his readers on the development of a spot Bitcoin ETF. Notably, BlackRock, a financial behemoth, entered

Will the THORChain (RUNE) price reach $15 in 2024?

December 4, 2023 2 mins read

In this comprehensive THORChain (RUNE) price prediction for 2023, we delve into RUNE’s intricate price patterns, utilizing trader-friendly technical analysis indicators to forecast the cryptocurrency’s potential movements in the coming year. Understanding THORChain (RUNE) The native utility token for the THORChain platform, a decentralized cross-chain liquidity protocol, is THORChain (RUNE). The project arose from a hackathon in 2018, with its native token, RUNE initially launched as a BEP-2 token and

Ripple Unlocks 1 Billion XRP Tokens: What Does This Mean for the XRP Community?

December 1, 2023 1 min read

Ripple Labs, the company behind XRP, has restarted its monthly release program, releasing 1 billion XRP tokens from its Escrow reserve. This routine transaction, revealed by leading cryptocurrency tracker Whale Alert, occurred in three consecutive whale transactions. The first transaction resulted in the release of 200 million XRP tokens worth $120.4 million. The second transaction followed quickly, revealing 300 million tokens worth around $180.6 million. The final whale transaction from

The witty response Charles Hoskinson had regarding Ethereum’s staking changes

November 27, 2023 1 min read

The rivalry between Ethereum’s Vitalik Buterin and Cardano’s Charles Hoskinson has become caustic. Buterin freely admitted to Ethereum’s centralization during a Turkish event, and he suggested reworking the platform’s staking mechanism. Sarcastic in his response, though, was Charles Hoskinson, a well-known supporter of Cardano, who stated, “No worries, Ethereum 3 will have it all sorted.” This conversation highlights the continuous struggle for supremacy in the cryptocurrency ecosystem between the two

Crypto Industry Faces Regulatory Turbulence: SBF Detained, CZ Resigns as Binance CEO

November 23, 2023 1 min read

Regulatory challenges have taken center stage in a turbulent period for the crypto industry, with significant figures facing legal issues and exchanges dealing with enforcement actions. Following the decision of the United States Court of Appeals to uphold his detention, Sam Bankman-Fried (SBF), the founder of crypto exchange FTX, will remain detained. SBF was arrested after being accused of defrauding consumers and investors. SBF was initially placed under house arrest,

Binance CEO CZ will live in the UAE while he awaits sentencing

November 22, 2023 1 min read

Changpeng Zhao, also known as CZ, the founder of Binance, has been granted permission to remain in the United Arab Emirates (UAE) while awaiting sentencing next year. This comes after Zhao pleaded guilty to violating US anti-money laundering laws, resulting in a $4.3 billion settlement and his subsequent resignation from Binance. BitMEX Research shared details of the court proceedings in a tweet, providing insight into the factors that led to