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

Montenegro Court Denies Bail to Terraform CEO Do Kwon

Do Kwon’s Bail Revoked, Will Remain in Jail in Montenegro

11 months ago 1 min read

The high court of Montenegro’s capital city Podgorica has revoked its decision to grant bail to Terraform Labs chief executive officer Kwon Do-hyeong and former chief financial officer Han Chang-joon. Both Kwon and Han will remain in jail, while the next hearing for the two South Korean nationals is expected to take place on June 16. The two were arrested at Podgorica airport on March 23 for allegedly attempting to fly out of the country using fake passports. Kwon, a South Korean national, was subject to an Interpol Red Notice that requested law enforcement agencies to detain him. Kwon and

The price of KAVA has surged by 40% in the past 24 hours

KAVA Price Soars 40%: What’s Driving the Rally?

11 months ago 1 min read

The price of KAVA has surged by 40% in the past 24 hours, making it the biggest gainer among major cryptocurrencies. The sudden rally has left many investors wondering what is driving the price up. There are a few possible explanations for the price spike. One possibility is that investors are buying KAVA in anticipation of the upcoming network upgrade. The upgrade, which is scheduled to go live on May 31, will introduce a number of new features to the KAVA platform, including a new lending protocol and a new decentralized exchange. Another possibility is that the price spike is

Biden Says No to Debt Deal That Would Shield Crypto Traders

President Biden Says He Will Not Sign Debt Deal That Protects Crypto Traders

11 months ago 1 min read

U.S. President Joe Biden has rejected a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. In a press conference on May 21, Biden called the Republicans’ proposed terms “unacceptable.” He said that he would not agree to a deal that “protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans.” The alleged protections for crypto traders refer to tax-loss harvesting. Tax-loss harvesting is a strategy that investors use to reduce their overall tax liabilities. It involves selling a cryptocurrency at a loss to offset capital gains from crypto

The launch of Revolut's business offering in Australia is a sign of the company's growing ambition

Revolut Targets Australian Businesses with New Account Offering

11 months ago 1 min read

Revolut, a digital bank and financial services company, has launched a business offering in Australia. The move comes as the company seeks to expand its presence in the country and offer its services to a wider range of customers. Revolut’s business offering includes a range of features and benefits that are designed to make it easier for businesses to manage their finances. These features include: Revolut is also seeking a banking license in Australia. This would allow the company to offer a wider range of financial services to businesses, such as loans and overdrafts. The launch of Revolut’s business offering

10 Milady Memecoin Whales Hold Profits Worth Over $20 Million

12 months ago 2 mins read

The top 10 Milady (Ladys) whales are sitting on cumulative profits currently worth over $20 million, according to on-chain data. The Milady meme coin has made several millionaires since its launch last week — at least on paper. The coin has surged in value by over 1,000% in just a few days, making it one of the most talked-about cryptocurrencies in the world. The top 10 Milady whales hold a combined total of over 100 billion Ladys tokens. If they were to sell all of their tokens at the current price, they would make a profit of over $20 million.

Ethereum Proves Resilient with Successful Recovery from Performance Issues

The Ethereum Network Recovers from Performance Issues

12 months ago 1 min read

The Ethereum network experienced technical issues, causing the network to stop finalizing blocks for over an hour on Friday. This was the second such incident within 24 hours, raising concerns for users of the second-largest blockchain by market capitalization. However, the network has resumed finalizing blocks, and clients are releasing updates to address the issue, according to Terence.eth, a pseudonymous Ethereum developer. Finalized blocks play a crucial role in providing proof-of-work validation, making networks like Ethereum easy to trust and reliable to use. While Ethereum’s performance issues within the past week could potentially affect its credibility in the eyes of

This decision comes after BlockFi froze funds

BlockFi customers to receive $300M held in Custodial Accounts as ordered by Judge

12 months ago 2 mins read

In a landmark ruling, a New Jersey judge has ordered that almost $300 million worth of assets held in BlockFi’s custodial wallets should be returned to clients, rather than the bankrupt crypto lender’s estate. This decision comes after BlockFi froze funds in its interest-bearing accounts (BIA) last year, following the collapse of FTX. While clients will be pleased with the outcome, the judge denied the repayment of an additional $375 million that clients attempted to withdraw after the freeze, arguing that this money belonged to the estate. Bankruptcy Judge Michael Kaplan said that digital assets held in custodial omnibus wallets

Binance Crypto Exchange Reports a 50% Drop in Trading Volume for April

Binance Trading Volume Drops by Nearly 50% in April

12 months ago 1 min read

Binance crypto exchange has seen a drop in spot trading volume for two consecutive months in April, falling 48% due to declining transaction levels throughout the industry. According to CCData, trading volume dropped to $287 billion last month, the second-lowest level since 2021, while Binance’s market share fell to 46%. However, Binance is not the only exchange facing this challenge. Centralized exchanges overall saw spot trading volume drop by 40% to the lowest level since December, attributed to the uncertainty surrounding macroeconomic conditions and the collapse of several U.S. banks. Despite the dip in trading volume, Binance remains the largest

MaskEX crypto exchange, has received preliminary authorization from Dubai's VARA

MaskEX Gets Green Light to Launch in Dubai

12 months ago 1 min read

MaskEX crypto exchange has received preliminary authorization from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin preparing for its debut in the United Arab Emirates (UAE). This approval marks a significant milestone for MaskEX in expanding its footprint in the Middle East and bringing the benefits of virtual assets to a larger audience. In order to become the first regulated exchange in the UAE, MaskEX needs VARA’s preliminary permission before it can complete entity formation, secure banking services, expand its team in Dubai, and open its headquarters. The exchange has requested permission to engage in exchanging, lending, borrowing, acting as

Shibarium is an ambitious Layer-2 blockchain network

Can Shibarium Take Shiba Inu Beyond Its Current Valuation?

12 months ago 2 mins read

Shiba Inu, the meme-inspired cryptocurrency that took the crypto world by storm, has been making headlines lately for its upcoming Shibarium project. Shibarium is an ambitious Layer-2 blockchain network that will include a decentralized exchange, Metaverse, and games built on Ethereum for the Shiba Inu blockchain. But what makes Shibarium stand out from other projects in the crypto space? Firstly, it incentivizes users to hold SHIB, its native token, by enabling them to stake it and earn rewards in other tokens. This will create a demand for SHIB, potentially driving up its price. Shibarium could also increase exposure for SHIB

Pepe's value has plummeted over 42% since reaching its all-time high

Pepe Coin sudden price drop leaves investor with $500K loss

12 months ago 1 min read

Pepe (PEPE), the latest memecoin to take the crypto world by storm, has experienced a significant drop in price, causing substantial losses for at least one investor. According to reports, the coin’s value has plummeted by more than 42% since reaching its all-time high on May 6. The drop in value has left one crypto whale with unrealized losses of more than $600,000. The investor purchased 962.3 billion PEPE tokens on May 5, using 70 Wrapped Bitcoin (WBTC) and 470 Ether (ETH) for an average price of $0.000003122. However, since then, the coin’s value has plummeted, with the investor’s holdings

Pepe (PEPE) has hit a market cap of $1 billion after surging over 85%

PEPE Coin’s Market Cap Hits $1 Billion Following Binance Listing

12 months ago 1 min read

Pepe (PEPE), a frog-themed memecoin, has hit a market cap of $1 billion after surging over 85% in the last 24 hours since its launch on April 14, 2023. Despite having no intrinsic value or expectation of financial return, PEPE has followed a similar trajectory to other memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB). However, investment in memecoins is high risk due to the lack of underlying fundamentals, extreme volatility, and major swings in value. Concerns about Pepe’s on-chain activity have also emerged, with five addresses allegedly linked to the Pepe team making a $1.23 million profit by