Author: Mohammed Ali

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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

Israel's Crackdown on Crypto Terror Financing: 190 Binance Accounts Seized Since 2021

Israel Seizes 190 Binance Accounts Linked to Terrorism, Says Reuters Report

1 year ago 1 min read

According to a recent Reuters report, Israeli authorities have seized almost 190 Binance accounts that were allegedly linked to terrorist groups like Hamas and Daesh since 2021. The National Bureau for Counter-Terror Financing (NBCTF), a counter-terrorism division of the Israeli Defense Ministry, confiscated an undisclosed amount of crypto in January from two accounts with links to Daesh, a terrorist group based in Syria and Iraq. Other government records dating back to 2021 alleged that over 100 seized Binance accounts had ties to Hamas, an armed Palestinian group that has often clashed with the Israeli Defense Forces. Israeli authorities seized the

WSB Coin (WSB)

WallStreetBets’ WSB Token Loses 86% in Value After Alleged RugpullWallStreetBets’ WSB Token

1 year ago 1 min read

WSB Coin (WSB), a token associated with the Wall Street Bets community, has plummeted by 86% following allegations of a rug pull. The drop in price comes after the token experienced a sudden surge in value, increasing by about 320% in just one day. Reports suggest that a large portion of the tokens was traded for 334 ETH, with another wallet trading it for a smaller amount. This development has drawn the ire of the crypto community and those associated with WallStreetBets, including former moderators of the subreddit. WSB Coin had called itself the “official coin” of WallStreetBets and claimed

Coinbase Hit with Lawsuit Over Alleged Privacy Violations in Biometrics Collection

Coinbase Sued Over Biometrics Collection: Privacy Breach Allegations

1 year ago 1 min read

Cryptocurrency exchange Coinbase is facing a proposed class-action lawsuit over allegations of violating Illinois biometric privacy laws by collecting and storing customer fingerprints and facial templates. According to a filing in a California District Court by a Coinbase user, the exchange’s requirement for customers to upload pictures of a valid ID and a self-portrait for Know Your Customer (KYC) checks violates certain provisions of the Biometric Information Privacy Act (BIPA) in Illinois. The lawsuit argues that BIPA required Coinbase to obtain permission from users when collecting their biometrics and provide the purpose for collecting such data, how long it would

Binance's native crypto BNB is gaining traction, Sui farming

Binance Launches SUI Farming Amid Market Retreat, BNB Bucks the Trend

1 year ago 2 mins read

As the crypto market retreats, Binance’s native cryptocurrency BNB is gaining traction, propelled by the latest Binance Launchpool project, Sui farming. On April 30, Binance announced that it was launching Sui as its 33rd project on Binance Launchpool. The incentive allows Binance customers to farm SUI tokens using staked BNB and TrueUSD (TUSD). The farming incentives began on May 1 and will run for two days, according to the announcement. Binance will list SUI when its liquidity meets the requirements, and four trading pairs will be available: SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB. SUI is a delegated proof of stake (DPoS)

Creditors of Celsius Network LLC are seeking the assistance of a bankruptcy judge

Celsius Network Requests Subpoena of FTX in Alleged Crypto Trading Scandal

1 year ago 1 min read

Creditors of Celsius Network LLC are seeking the assistance of a bankruptcy judge to uncover the identities of FTX users involved in “questionable cryptocurrency transactions” that may have impacted the value of Celsius’ proprietary token. In a recent court filing, the creditors requested subpoenas to obtain information on 10 cryptocurrency wallets associated with suspicious trades of Celsius’ CEL coin. These trades were executed when the platform halted withdrawals and before filing for Chapter 11 bankruptcy. The creditors believe that obtaining information on the users involved in the trades is crucial to investigating if they manipulated the price of CEL, causing

Bank of Korea has been granted the authority to investigate local crypto exchanges

South Korean Central Bank Granted Authority to Conduct Inspections on Crypto Companies

1 year ago 1 min read

Bank of Korea (BoK) has been granted the authority to investigate local cryptocurrency exchanges operating in the country. The new power allows BoK to conduct on-site inspections and request financial records to monitor the activities of crypto exchanges more closely. BoK’s main objective is to maintain price stability in the country and to control and improve the economy. The move comes amid growing concerns over the potential risks posed by cryptocurrencies to financial stability and the economy, including money laundering and tax evasion. The Bank of Korea is willing to take further steps to curb such occurrences by issuing fines

Russia has climbed the ranks to become the second-largest country in the world for Bitcoin and cryptocurrency mining

Russia Emerges as Major Bitcoin Mining Destination, Ranks Second to the US

1 year ago 1 min read

Russia has climbed the ranks to become the second-largest country in the world for Bitcoin and cryptocurrency mining, with the United States holding onto the top spot, according to a report by BitRiver. The report stated that in the first quarter of 2023, Russia achieved a new milestone by using 1 gigawatt (GW) of power involved in mining operations. However, the United States maintains a larger mining capacity of 3-4 GW, followed by other countries in the top 10 list. Despite the United States being the leader in Bitcoin mining, the lack of clear cryptocurrency regulations in the country could

Study Finds Over 30% of Crypto Investment Videos on TikTok Are Misleading

TikTok Users Beware: Study Finds Over 30% of Crypto Investment Videos are Misleading

1 year ago 1 min read

A recent study conducted by dappGambl has found that over 30% of TikTok videos on Bitcoin and cryptocurrency investments are misleading. The study analyzed over 1,161 TikTok videos that used the hashtag ‘#cryptok’ to post crypto-related content. The research found that 1 in every 3 videos on crypto TikToks was misleading, with just 1 in 10 videos containing any form of disclaimer to warn users about the risks of investments. Moreover, 47% of TikTok creators were found to be pushing services to make money. Even mainstream influencers, such as Kim Kardashian, Jake Paul, and Soulja Boy, were accused of promoting

Voyager and Binance.US $1B Deal Moves Forward After Successfully Resolving Legal Disputes.

Voyager’s $1B Deal with Binance.US Moves Forward After Resolving Legal Concerns

1 year ago 1 min read

Bankrupt cryptocurrency lender Voyager Digital Holdings has successfully sealed a deal with the United States federal government that paves the way for a $1 billion plan allowing Voyager to sell its assets to the U.S. arm of Binance. The government can still work on an appeal on exculpation provisions, which it believes protect Voyager from certain legal liabilities. The deal with Binance.US was temporarily halted by a federal judge after an emergency stay request from the U.S. government. Despite challenges from Voyager and the Official Committee of Unsecured Creditors, the government’s request was granted on March 27. U.S. regulators have

The Russian central bank is reportedly considering the use of cryptocurrencies

Russian Central Bank explores the potential of crypto for international payments

1 year ago 1 min read

The Russian central bank is reportedly considering the use of cryptocurrencies for international settlements, marking another step in the country’s efforts to regulate the crypto market. The move comes as Russia faces international sanctions, with the country’s central bank exploring the use of cryptocurrencies for external payments as an experiment. While the central bank generally opposes the use of cryptocurrencies, officials have stated that they are open to the idea of using them for international settlements. Russia is also working on a broader framework experiment for the use of cryptocurrencies, with updates to its cryptocurrency regulations expected soon. Among these

Trump NFTs to Be Released Soon

New Trump NFTs Set to Launch Soon

1 year ago 1 min read

Former US President Donald Trump has announced the launch of the Series 2 of his Non-Fungible Token (NFT) collection on the Polygon network. According to Trump’s post on his social media platform, Truth Social, the new collection consists of 47,000 tokens, which is 2,000 more than his first collection. The price of $99 per token remains unchanged. Despite rising market demand, Trump chose not to increase the selling price of the new NFT collection, explaining on social media that he wanted his supporters to “have fun doing it” and make money. The announcement of the new collection, however, caused a

Bybit Establishes Global Headquarters in Dubai

Bybit Establishes Global Headquarters in Dubai

1 year ago 1 min read

Crypto exchange Bybit has officially opened its global headquarters in Dubai, following the company’s announcement last year of its plans to establish itself in the emirate. This move demonstrates the exchange’s commitment to expanding its presence in the Middle East and North Africa (MENA) region, which has become an increasingly important hub for digital asset trading. Dubai’s strategic location, as well as its progressive approach to digital assets, make it an ideal location for Bybit’s global headquarters, according to Ben Zhou, CEO and co-founder of Bybit. “As one of the most progressive digital assets hubs in MENA and the world,

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