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

Binance has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí.

Binance and Brazilian Football Confederation (CBF) Launch NFT for Fans to Connect with Clubs and Learn About Crypto

1 year ago 1 min read

Binance, the world’s leading cryptocurrency exchange platform, has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí. The partnership aims to offer Brazilian football fans a chance to connect with their favorite clubs while learning about crypto and blockchain technology. Through the NFT Season Pass initiative, fans can claim a free serial code by registering at the Brasileirão Assaí website starting Friday, 14 April 2023. Interested fans must complete a KYC process on Binance after accessing the Binance NFT landing page to unlock the NFT. The NFT project is targeted at enhancing match

Mastercard adds NFTs to its offerings with free music pass NFTs for users

Mastercard releases free music pass NFTs with exclusive benefits for holders

1 year ago 1 min read

Mastercard, a payments processing firm, has introduced a Music Pass NFT drop, which is available for free until the end of April. The digital collectible is part of the Mastercard Artist Accelerator program, which was launched in January. The Music Pass NFT provides collectors with numerous benefits, such as an AI-powered music generator app, educational resources, and access to a live concert in June featuring artists in the company’s accelerator program. The Music Pass NFT is being launched on Polygon, which is an Ethereum scaling network that has been adopted by various brands such as Starbucks, Nike, and Reddit for

the testnet for the Shiba Inu-inspired blockchain project,

Shibarium Sets New Record as Number of SHIB Wallets Soars by 10 Times

1 year ago 1 min read

Shibarium’s Puppynet, the testnet for the Shiba Inu-inspired blockchain project, has experienced a nearly 10x spike in wallet addresses in just a day, according to data provided by puppyscan.shib.io. As per the data, the number of wallets linked to Puppynet has surged from 365,282 to 3,122,259, and the overall transaction number increased from 2,255,398 to 2,953,911. Shibarium’s beta version was released on March 11, and since then, the burn rate of SHIB tokens has been rising drastically on a daily and weekly basis. In addition, Shiba Inu influencer Lucie Sasnikova recently tweeted that the number of tokens deployed on Puppynet

Binance CEO CZ predicts that more crypto funds will move to Hong Kong

CZ predicts increased investment flow into Hong Kong

1 year ago 1 min read

Binance CEO Changpeng ‘CZ’ Zhao predicts that more crypto funds will move to Hong Kong as banks in the region begin to support the crypto industry. With several crypto firms, such as Binance.US, experiencing banking issues in the U.S., CZ believes Hong Kong is an attractive destination for firms looking for new banking partners. Hong Kong’s ZA Bank is now offering a lifeline for crypto exchanges, providing fiat currency transfers and account services for virtual asset service providers. According to ZA Bank CEO Ronald Iu, the bank will act as a settlement partner for exchanges, allowing customers to withdraw US

The renewed interest in BTC has resulted in a rally

Bitcoin surges past 30K as China’s inflation concerns persist

1 year ago 1 min read

Bitcoin (BTC) has broken through the $30,000 mark once again, as weak inflation concerns in China have spurred investors to turn to the cryptocurrency market. As China’s inflation struggles continue, the price of BTC has surged, with short positions crumbling and resulting in over $175 million in liquidations within just 24 hours. The renewed interest in BTC has resulted in a rally that has pushed the price of the cryptocurrency up by over 10% in just a few hours. The recent dip in BTC prices had sparked fears of a major correction, but the renewed bullish sentiment has given investors

MetaMask rolls out new feature for seamless fiat-to-crypto transactions

MetaMask introduces seamless fiat-to-crypto on-ramp service

1 year ago 1 min read

MetaMask has announced the launch of a new feature that enables users to buy cryptocurrencies directly from their wallets using fiat currency. The Buy Crypto feature is now part of the Portfolio Dapp, which means users can purchase up to 90 different cryptocurrencies by connecting their MetaMask wallets to local payment methods. According to MetaMask, the new service is available in 189 countries, but there is a limit on the amount users can buy through the service, based on the applicable laws of their region. The feature is also available on its browser app. The Buy Crypto feature currently supports

The UNHCR has won an innovation award for its use of cryptocurrency

UNHCR Receives Innovation Award for Crypto Donations to Help Displaced Ukrainians

1 year ago 1 min read

The United Nations High Commissioner for Refugees (UNHCR) has won an innovation award for its use of cryptocurrency to support internally displaced Ukrainians. The program provides direct cash assistance in USD Coin (USDC) to approved aid recipients, who can receive the funds by downloading the Vibrant app wallet. The UNHCR’s use of crypto is a groundbreaking approach to humanitarian aid, offering an innovative solution to support those who have been forced to flee their homes due to conflict or persecution. The use of crypto donations enables the UNHCR to provide aid in a secure, efficient, and transparent manner, ensuring that

Robinhood has agreed to pay a $10.2 million fine

Robinhood Forced to Pay $10M Settlement to State Securities Regulators for Investor Failures

1 year ago 1 min read

Robinhood, the popular multifaceted trading platform, has agreed to pay a $10.2 million fine to the California Department of Financial Protection and Innovation (DFPI) for operational and technical failures that negatively impacted investors. The fine comes after a two-year investigation by the North American Securities Administrators Association (NASAA) into Robinhood’s system outages and service unavailability that cost users several trading opportunities. Regulators accused Robinhood of negligent dissemination of inaccurate information to customers and failing to establish an adequate customer identification program. The company also failed to supervise technology pivotal to providing core customer broker-dealer services and to report customer grievances

the former CEO of BitMex

Ex-BitMex CEO Arthur Hayes reveals his investment approach with Maelstrom Capital

1 year ago 1 min read

Arthur Hayes, the former CEO of BitMex, and Akshat Vaidya, BitMex’s former head of corporate development, founded Maelstrom Capital. In an interview with CoinDesk, Hayes, and Vaidya said that Maelstrom is currently targeting infrastructure companies, as that’s what makes sense in this part of the cycle. Hayes thinks the turning point for the projects in which he’s investing now will likely come sometime around 2024 when the market starts to question whether these projects have fulfilled their promises, built their products, acquired clients, and demonstrated that their technology works. Maelstrom is set up as Hayes’ family office using a pool

The SEC has filled the crypto regulatory gaps

US SEC assumes control of crypto and stablecoin regulations in the absence of new laws

1 year ago 1 min read

As lawmakers in the US grapple with legislation to create new rules around digital assets, the Securities and Exchange Commission (SEC) has filled the regulatory gaps that have been identified by President Joe Biden’s administration. Gary Gensler, SEC Chair, reiterated to reporters last week that he doesn’t see the need for new laws to regulate the space, though senior US regulators including Treasury Secretary Janet Yellen have called for new laws to govern digital assets. The lack of new laws has enabled the SEC to proactively regulate in new areas that it had not previously focused on, including stablecoins and

Switzerland's PostFinance has partnered with Sygnum Bank

PostFinance Becomes First Swiss Bank to Offer Crypto Services to 2.5 Million Users

1 year ago 1 min read

Switzerland’s PostFinance has partnered with Sygnum Bank, a digital asset services provider, to provide cryptocurrency trading and storage services to its 2.5 million customers. The bank will offer Bitcoin and Ethereum initially, with more tokens to be added in the future. The move will allow PostFinance customers access to digital assets, tapping into Sygnum’s institutional business-to-business banking platform, which supports several cryptocurrencies and revenue-generating services like staking. PostFinance is fully owned by the Swiss government and is the fifth-largest financial services firm in the country. The bank is known for its pro-crypto stance, having built an in-house trading and custody

OKX and Rúben Dias Host Metaverse Education Program for Fans

OKX Exchange Hosts Metaverse Training Session with Premier League Footballer Rúben Dias

1 year ago 1 min read

Cryptocurrency exchange and Web3 technology developer OKX has announced a collaboration with Manchester City footballer Rúben Dias, offering fans an immersive metaverse experience called “Train Like Dias.” The experience will allow fans to virtually experience Dias’ favorite training techniques, providing exposure to coaching and tips. OKX’s global chief marketing officer, Haider Rafique, stated that the new immersive experience helps connect fans and is “another great example of what this technology allows.” OKX and Manchester City became partners in July 2022, with the platform hinting at future Web3 content offerings from other players on the team. The metaverse continues to explore

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