Author: Mohammed Ali

Profile picture of Mohammed Ali

Mohammed Ali

Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.

Articles by Mohammed Ali

Mantle (MNT) surges over 40% in the last 24 hours

Mantle (MNT) surges over 40% in the last 24 hours, hitting new all-time highs

1 month ago 1 min read

Mantle (MNT) is a blockchain operating at Layer 2 (L2) that has had a significant increase of 40% during the last 24 hours, hitting its highest value ever at $1.49. Mantle Network functions as a scaling solution for Ethereum Virtual Machine (EVM) that is compatible with Optimistic rollups, enabling speedy and economical transactions. The modular architecture of the system integrates Optimistic rollups with a distinct data availability layer, resulting in decreased transaction costs and enhanced network efficiency. The current increase in MNT may be ascribed to the implementation of MNT staking, which entails users contributing to the security and functioning

The US SEC considers classifying Ethereum as security

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

1 month ago 1 min read

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin were lost. Also, blockchain analysis suggests the stolen funds ended up in a wallet tied to the Foundation. An independent law firm is also investigating the Foundation’s alleged link to

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US SEC.

Grayscale pushes for the first spot in Ethereum ETF despite facing regulatory hurdles

1 month ago 1 min read

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US Securities and Exchange Commission (SEC). The company contends that the triumph of Ethereum futures ETFs bolsters the argument for a direct Ethereum ETF. The objective of Grayscale’s proposal is to transform its Ethereum Trust into an Exchange-Traded Fund (ETF) that may be traded on NYSE Arca. The company then presents the SEC’s previous endorsement of Ethereum futures ETFs, the successful monitoring of the market by the Chicago Mercantile Exchange, and the study of correlations by Coinbase as proof of their ability to handle

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet

Ethereum announces Dencun upgrade is officially live on all testnets

2 months ago 1 min read

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob transactions, EIP-5656 for memory copying instruction. Plus, EIP-6780 for SELFDESTRUCT only in the same transaction, EIP-7044 for perpetually valid signed voluntary exits. In addition, EIP-7045 for increase of the maximum

Worldcoin (WLD) has seen a 20% increase in value in a single day

Worldcoin (WLD) surges as Bitcoin leads market surge

2 months ago 1 min read

Worldcoin (WLD) has seen a 20% increase in value in a single day, following the upward trend of the market as a whole. The crypto market was primarily driven by Bitcoin (BTC) and Ethereum (ETH). Following this, a crypto whale profited from Worldcoin’s rise by transferring 2.09 million WLD tokens from Binance, making a profit of about $2.5 million and demonstrating the high-reward potential present in the erratic crypto market. With Worldcoin’s performance, the crypto market as a whole—particularly for BTC and ETH—has surged to all-time highs. The first spot Bitcoin Exchange-Traded Funds (ETFs) were introduced in the US, which

Bonk Bonk

BONK memecoin surges by over 15% ahead of potential Revolut listing

2 months ago 1 min read

Solana-based memecoin Bonk (BONK) saw a 15% increase in value due to rumors that it would soon be listed on Revolut’s exchange. Renowned fintech company Revolut is considering collaborating with Bonk on a “Learn and Earn Campaign.” The program, which BonkDAO announced in a note on February 14, attempts to increase the memecoin’s user base by a target of 500,000. The decentralized autonomous BonkDAO, which is in charge of the Bonk project, stated how many people use Revolut—38 million people in more than 50 countries. Reaching its goal of adding more users would be possible for BonkDAO if it could

South Korea intends to impose more regulations on the executives of crypto companies

South Korea is set to enforce a new regulation requiring crypto companies

3 months ago 1 min read

A new rule requiring executives of crypto companies to get prior approval from the Financial Services Commission (FSC) is about to go into effect in South Korea, which is a big step in the direction of tighter regulation of the crypto market. South Korea intends to impose more regulations on the executives of crypto companies, mandating that they obtain authorization from the FSC, the nation’s financial regulator, before commencing their positions. By the end of March 2024, this new rule—which is a part of proposed changes to how crypto services report their activities—will be in effect. The FSC stated on

BONE ShibaSwap (BONE)

BONE ShibaSwap (BONE), the Shiba Inu governance token, sees a major boost as OKX Africa introduces support

3 months ago 1 min read

The Shiba Inu governance token, BONE ShibaSwap (BONE), got support from OKX Africa, a branch of the Seychelles-based OKX exchange. This development coincides with increased transactions on the Shibarium blockchain and awareness of potential scams among the Shiba Inu community. OKX Africa’s adoption of BONE ShibaSwap represents a milestone for the governance token. Lucie, a member of the Shiba Inu (SHIB) team, announced the news on the social media platform X. OKX Africa’s On-chain Earn feature increases user engagement by allowing them to earn for staking in proof-of-stake (PoS) systems or participating in the DeFi protocol. The dual-earning mechanism for

Shiba Inu’s Shibarium Layer-2 network facilitates over 310 million transactions

3 months ago 1 min read

The Shibarium Layer-2 network has been a busy hub, facilitating 310 million transactions in its mission to combat Ethereum’s soaring fees, which have hampered widespread adoption. As the developer community ramps up its efforts, the SHIB token is showing signs of recovery after an 85% drop from its 2022 peak. Unlike its canine-themed counterparts, Shiba Inu does not rely solely on celebrity tweets to gain attention. Instead, the team is actively developing the platform, and this proactive approach appears to be popular with investors. Ali, a well-known crypto analyst, notes that the current market conditions are similar to previous accumulation

Donald Trump's NFTs Surge Amidst NFT Market Dip in January

Donald Trump’s NFTs Surge Amidst NFT Market Dip in January

3 months ago 1 min read

In the third week of January, the NFT market experienced a dip, with trading volumes falling to $223 million, a 23% decrease from the previous week. Despite the overall downturn, the number of NFT enthusiasts continues to grow, with over 730,000 collectors actively participating, representing a 35% increase in interest. Despite the difficulties encountered by various NFT collections, there is one exception: Donald Trump’s NFTs. The former president’s NFTs are doing well on the Polygon network, where sales increased by over 72% this month. The Trump Digital Trading Card Series 2 saw a 24% increase in price, thanks in part

MKR Co-Founder's $4M Sale Sparks Market Concerns, but MKR Remains Resilient

Maker (MKR) co-founder sells over $4 million in Maker, causing market concerns

3 months ago 1 min read

At the start of the new year, Maker (MKR) demonstrated resilience in the face of some market downturns, maintaining its strength despite prevailing downward trends. However, a recent notable wallet transfer involving the sale of millions of dollars worth of MKR on exchanges has raised market concerns. The wallet in question is linked to one of MakerDao‘s co-founders, and the sale of 2,235 MKR, worth over $4 million, drew attention due to the wallet owner’s prominence, raising concerns about a potential market dump. Despite a decline in trading volume, which fell from $84 million on January 25 to around $43

Former Binance CEO Changpeng Zhao faced a legal setback in his efforts to obtain permission to travel to the United Arab Emirates.

Binance CZ’S $4.5B equity offer fails to secure urgent UAE visit again

3 months ago 1 min read

Former Binance CEO Changpeng Zhao, also known as CZ, faced a legal setback in his efforts to obtain permission to travel to the United Arab Emirates for the second time. Despite offering $4.5 billion in Binance equity as collateral, a federal judge denied his request, limiting his ability to visit a close associate who is hospitalized and undergoing surgery. Court documents filed on Wednesday revealed that CZ’s legal team wrote to Judge Richard Jones on December 22, emphasizing the urgency of the situation. The letter emphasized CZ’s critical need to be present during the hospitalization and surgery of someone close

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