Author: Mahamat Ashraf

Article written by Mahamat Ashraf

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

Philippines Explores Blockchain and CBDC for Government Bond Sales

November 21, 2023 1 min read

The Philippines is planning to work with the central bank to investigate the possibilities of blockchain technology for the sale of government bonds. The Treasury is considering blockchain technology in light of its successful tokenized bond campaign to raise 15 billion pesos ($271 million). To better understand the benefits and drawbacks of central bank digital currency (CBDC), the Bangko Sentral ng Pilipinas (BSP) is now testing CBDC for use in

Shiba Inu (SHIB) Token Burns Surge, but Market Impact Remains Limited

November 20, 2023 1 min read

The Shiba Inu (SHIB) community has observed a rise in the practice of burning tokens, which is a tactic used to lower the quantity in circulation. The price of the SHIB token has not changed significantly over the last couple of days, despite this uptick. Burning tokens is a popular strategy used to affect a crypto’s value by reducing the amount in circulation. However, there is disagreement regarding this strategy’s

Whale sells over $97 million in Ethereum (ETH) on exchanges

November 19, 2023 1 min read

A HashKey wallet made headlines after selling a large amount of Ethereum (ETH) worth $97.7 million. According to on-chain monitoring platform Lookonchain, the wallet managed the transfer of 50,115 ETH to Binance and OKX exchanges over a 10-day period, while simultaneously withdrawing about $102.5 million in Tether (USDT) and USD Coin (USDC) stablecoins. Despite this substantial drop, the price of ETH has risen by 1.26% in the last 24 hours

Dogecoin (DOGE) surges by over 11% in the last few hours

November 17, 2023 1 min read

In an unexpected turn of events, Dogecoin (DOGE) has seen a remarkable surge of more than 11%, while major cryptocurrencies like Bitcoin and Ethereum are facing a market dip. The surge in activity and rekindled interest in meme-based crypto are the reasons for this unanticipated upswing. This surge appears to have been sparked by conjecture related to the Astrobotic lunar mission. Fans are counting down the seconds until “Physical Dogecoins”

Kazakhstan introduces its central bank digital currency (CBDC), known as the ‘digital tenge

November 15, 2023 1 min read

Kazakhstan has officially introduced its central bank digital currency (CBDC), known as the ‘digital tenge.’ The first-ever transaction using this digital currency took place on November 15, orchestrated by Binur Zhalenov, the chairman of Kazakhstan’s National Payment Corporation. Zhalenov utilized a debit card linked to a CBDC account for this historic purchase in Almaty, marking the official entry of the digital tenge into the retail market. With significant developments planned

False BlackRock ETF Rumors Wipe Out Over $7 Million XRP Traders

November 15, 2023 1 min read

XRP investors found themselves in a tough spot as losses totaling $7.26 million unfolded due to misleading rumors about a BlackRock ETF. These losses marked the fourth-largest among major cryptocurrencies, trailing behind bitcoin, ether, and Solana. The tumult began when XRP’s price experienced a sudden uptick, surging from 65 cents to 73 cents. The catalyst behind this shift was a deceptive tweet suggesting that BlackRock had filed for an XRP

Tron CEO Justin Sun Proposes 5% Bounty for Poloniex Hacked Funds

November 11, 2023 1 min read

Justin Sun, the new owner of the crypto platform Poloniex, recently faced a tough situation. The platform got hacked, and the attackers took over $126 million worth of assets. This led to Justin pleading for the return of these stolen funds through a post on Twitter. He even went further to offer a 5% reward to the hackers as an incentive to give back the assets they took. He asked

Shiba Inu Burn Rate Skyrockets Over 660% Amid Price Surge

November 10, 2023 1 min read

Shiba Inu (SHIB) recently experienced a significant increase in its burn rate as prices started to recover after a recent slump. Data from burn tracker Shibburn revealed that a total of 9.6 million SHIB tokens were sent to inactive wallets in the past 24 hours. This represents a remarkable 665% surge compared to the previous day’s burn rate. The majority of the burned tokens came from a single wallet address,