Author: Mahamat Ashraf

Article written by Mahamat Ashraf

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,

Gemini Announces Restrictions on Crypto Transfers in the UK

November 8, 2023 1 min read

Gemini crypto exchange is introducing new rules for its UK branch starting November 17. Under these new rules, Gemini will only allow crypto transfers to be made to firms registered with TRUST. This change is in response to the UK’s regulations, which require sender and receiver details to be shared. The sharing of information is a critical aspect of adhering to the UK Travel Rule, aimed at enhancing transparency and

Bitcoin Holds its Ground on $34,000: Will It Break $35,000 Barrier?

November 7, 2023 1 min read

Bitcoin (BTC) finds itself in a tight consolidation phase, with its price fluctuating between the $34,800 and $35,250 levels. While the bulls have attempted to breach the resistance at $35,250, the bears have demonstrated resilience around the $35,300 and $35,550 levels, leading to a balancing act in the market. Recent data reveals that Bitcoin is maintaining stability as it approaches the $35,000 mark. The $34,000 price point has emerged as

NEAR Token Price Skyrockets by 11%

November 3, 2023 1 min read

On November 1st, the native token of the Near Protocol, NEAR, made headlines with an impressive intraday price surge of 11%. This sudden boost in price followed a significant announcement of the company’s partnership with Nym Technologies. According to a blog post, the partnership involves the integration of the Nym mixnet into the Near ecosystem. This is to enhance privacy and security for developers, operators, and users operating within the

Invesco Galaxy Bitcoin ETF and BlackRock Listed on DTCC Site

November 2, 2023 1 min read

The Invesco and Galaxy Spot Bitcoin exchange-traded fund (ETF) is making progress in its application process. The ETF, identified by the ticker BTCO, has recently appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. Notably, the BTCO ticker was not listed on the DTCC website as of October 25, indicating that this change has occurred within the last six days. However, it’s essential to understand that being added to

UK Government Announces Regulatory Framework for Fiat-Backed Stablecoins

October 30, 2023 1 min read

The UK government has released an update about its intentions to regulate fiat-backed stablecoins. These stablecoins are digital currencies backed by traditional currencies like the British pound or the US dollar. The UK government plans to introduce new laws in 2024 that will give the Financial Conduct Authority (FCA) the power to regulate these stablecoins. This is a big change in how digital currencies are supervised. The government wants local

Cardano Expert Responds to FUD and Clears Up Misconceptions Regarding Midnight Sidechain

October 28, 2023 1 min read

Cardano, the blockchain project led by Charles Hoskinson, has been dealing with persistent concerns and doubts from the crypto community, primarily related to its Midnight project. Midnight is focused on privacy-oriented sidechains, and even though Charles Hoskinson has offered insights into their potential impact, questions and concerns still linger. The key issues revolve around the launch of Midnight’s native coin, DUST, and the identity of the partners working with Input

UK Bill Passes Law That Enables Seizure and Freezing of Criminal Crypto Assets

October 26, 2023 1 min read

UK lawmakers have passed the Economic Crime and Corporate Transparency Bill, aiming to enhance law enforcement agencies’ abilities to seize and freeze cryptocurrency linked to criminal activities. The bill covers a wide range of illegal activities, including drug trafficking and cybercrime, and is expected to receive royal approval shortly. The new legislation provides local law enforcement with expanded powers to confiscate cryptocurrency associated with criminal behavior, all without the need

US Senate Republicans Probe Meta, Google, TikTok, and X Over Content Moderation in Israel-Hamas Conflict

October 22, 2023 1 min read

A group of Republican lawmakers from the U.S. Senate panel has taken action, addressing letters to major tech companies, including Meta Platforms, Google, TikTok, and X (formerly Twitter). In these letters, the senators are seeking detailed information about the content moderation policies employed by these tech giants concerning the Israel-Hamas conflict. This move comes as part of an effort by these senators to gain a better understanding of how these