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

Ethereum Whale's $46 Million Moves Raise Eyebrows Amid Market Volatility

Ethereum whale transfers over $46 million in ETH across major exchanges

3 months ago 1 min read

An Ethereum (ETH) whale has completed a series of transactions, orchestrating a significant transfer of funds across multiple platforms. These transactions, highlighted by the blockchain analytics platform Spot On Chain, involve a significant $46.02 million in ETH tokens, adding intrigue to the evolving dynamics of the crypto market. The ETH whale, using a network of eight wallets, began the movement of funds by withdrawing from major exchanges, including Binance and Bitfinex. With an average price of around $2,419 per ETH, the withdrawals signaled the start of a complex series of transactions. Following the withdrawals, the whale connected with Lido, a

ConcentricFi loses an estimated $1.6 million to hackers

This Arbitrum-based liquidity management protocol loses $1.6 million to hackers

3 months ago 1 min read

ConcentricFi, an Arbitrum-based liquidity management protocol, has officially acknowledged a security breach on its smart contract. The incident, first reported by blockchain security firm CertiK, caused an estimated $1.6 million in damages. The exploit targeted ConcentricFi’s vault approvals, prompting the protocol to advise users to revoke all permissions and stop interacting. The security breach was discovered following an alert from CertiK, which assessed the damages based on its analysis of the threat actor’s wallet. CertiK identified wallet address 0x5A58D1a81c73Dc5f1d56bA41e413Ee5288c65d7F, which was previously linked to the OKX exploit on December 13, 2023, as the most likely culprit in the ConcentricFi breach.

Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States.

Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

3 months ago 1 min read

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks. In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.” Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it of conducting an unregistered digital asset securities offering that raised more than $1.3 billion. Despite Ripple’s vision for global expansion and increased XRP adoption, legal hurdles remained significant. However, a

Dogecoin (DOGE) and Floki Inu (FLOKI) experienced a 12% increase

Dogecoin and Floki Inu prices soar 12% on X (Twitter) payment rumors

3 months ago 1 min read

Dogecoin (DOGE) and Floki Inu (FLOKI) experienced over a 12% surge, owing to the buzz surrounding a profile named Xpayments on the social app X. The weekend saw a 200% increase in the trading of these tokens, as well as a significant increase in futures trading, totaling $430 million. The crypto market has long danced to Elon Musk’s tune, and the recent surge is no exception. DOGE tends to gain momentum whenever there are hints or news about payment options at Musk-affiliated companies like X and Tesla. Floki, named after Musk’s dog, has carved out a niche among traders drawn

The European Union has announced a provisional agreement to strengthen anti-money laundering (AML) regulations

EU Toughens Anti-Money Laundering Rules for Crypto, Introduces KYC for Transactions Over €1,000

3 months ago 1 min read

The European Union has announced a provisional agreement to strengthen anti-money laundering (AML) regulations, with a particular emphasis on the crypto sector. The proposed restrictions, which were announced in a recent press release, include stringent measures such as know-your-customer (KYC) checks on transactions exceeding €1,000, even if they involve self-hosted wallets. Key regulatory changes suggest that crypto-asset service providers (CASPs) must conduct due diligence on customers involved in transactions worth €1,000 or more. Further, the rules are specifically aimed at self-hosted crypto wallets to mitigate perceived risks associated with transactions through them. Also, the new regulations are part of a

Trader Turns Elon Musk's Twitter Bio Change Into $1 Million Meme Coin Jackpot

This Trader Turns $10,000 Into $1 Million With This Meme Coin

3 months ago 1 min read

A trader took advantage of Elon Musk’s playful social media antics to make extraordinary profits by venturing into the world of meme coins. Elon, known for his influence in the crypto space, set the stage for this trader’s profitable move on January 8 with a whimsical change to his Twitter bio. Elon Musk’s bio change to “(CTO) Chief Troll Officer” piqued the interest of crypto enthusiasts worldwide. Seizing the opportunity, an astute trader made a strategic decision, withdrawing 4.3 Ethereum from Binance and venturing into meme coins. Armed with 4.3 Ethereum, which is roughly $10,000, the trader took a risk

Over $125 million in Ethereum was transferred to major crypto exchanges

Celsius Network Shifts Ethereum Worth Over $125 Million Ahead of Debts Payment

3 months ago 1 min read

With its recent approval from a New York Court to repay a staggering $2 billion in debts, Celsius Network has taken center stage in the ever-changing crypto landscape. This action sparked a wave of asset transfers, attracting the attention and speculation of the crypto community. With the court’s approval, Celsius Network is preparing to repay its debts by returning around $2 billion in Bitcoin, Ethereum, and shares in a crypto mining company. This strategic move aims to reestablish financial stability and rebuild trust in the crypto community. Recent Arkham Intelligence reports highlight Celsius Network’s significant asset movements, particularly in Ethereum.

The SEC of the US has granted long-awaited approval to 11 Bitcoin Spot ETFs

US SEC Approves 11 Bitcoin Spot ETFs, Set to Start Trading Soon

4 months ago 1 min read

The Securities and Exchange Commission (SEC) of the United States has granted long-awaited approval to 11 Bitcoin Spot ETFs, marking a significant milestone in Bitcoin’s integration into mainstream finance. The official announcement was made on the SEC’s website, which is regarded as more reliable than the SEC’s X account, which falsely declared the ETF approval on December 9th. However, it’s worth noting that, at the time of writing, the link to the SEC’s ETF approval page was experiencing technical difficulties. Bloomberg analyst James Seyffart stated on his X page, “It certainly appears that the Bitcoin ETF Approval Order has hit

Terra Classic (LUNC) Surges By Over 5% Despite Terra’s Ongoing Legal Issues

4 months ago 1 min read

Despite recent legal challenges, LUNC, the Terra Classic token, increased by over 5% in the last 24 hours. This increase comes despite a U.S. District Court decision in favor of the Securities and Exchange Commission (SEC) in its legal pursuit against Terraform Labs, the entity in charge of the Terra blockchain. This legal development casts doubt on the fate of LUNC, the crypto dealing with the fallout from Terra’s demise. The origins of this legal battle can be traced back to the SEC’s claims in February, which focused on the once-mighty stablecoin, LUNA. In May 2022, LUNA found itself at

Shiba Inu Burn Rate Surges Over 2,700% Amid Market Consolidation

Shiba Inu (SHIB) Burn Rate Surges Over 2,700% Amid Market Consolidation

4 months ago 1 min read

While the Shiba Inu price has recently stabilized, the Shiba Inu community has seen a remarkable increase in SHIB burn activities over the last few days. The burn rate, which represents the number of SHIB tokens irreversibly sent to unrecoverable wallets, has increased by over 2,700%. This increased burning reflects the community’s efforts to reduce total SHIB supply and possibly influence price movements. SHIB tokens are typically burned infrequently, with any investor able to participate by sending tokens to one of three SHIB burn addresses. The Shiba Inu team has actively encouraged community members to participate in burning activities to

Binance crypto exchange has launched the Sleepless AI project on its Launchpool

Binance Unveils Sleepless AI: AI Gaming on Blockchain

4 months ago 2 mins read

Binance crypto exchange has launched the Sleepless AI project on its Launchpool—a one-of-a-kind Web3 and artificial intelligence (AI) gaming platform that offers users a novel way to stake and farm tokens. The Sleepless AI staking webpage will go live on December 28, 2023, 24 hours before the launchpool begins. Token farming participants can stake BNB, FDUSD, and TUSD in a dedicated pool. The much-anticipated $AI tokens, which will be native to the Sleepless AI platform, are set to go live at 18:00 on January 4, 2024. AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY are some of the $AI trading pairs.

Craig Wright Gets Slapped With $1 Million Fine

Craig Wright faces a $1 million fine as his Bitcoin lawsuit progresses

4 months ago 1 min read

Craig Wright’s legal battle against Bitcoin Core developers has taken a dramatic turn in the ongoing saga surrounding the identity of Bitcoin’s creator. The trial, in which Wright claims to be Bitcoin’s enigmatic founder, Satoshi Nakamoto, has been rescheduled for February 5. The lawsuit concerns developers and major corporations such as Blockstream and Coinbase. Wright claims that these developers and firms used his Bitcoin technology without his permission and that they own the intellectual property associated with Bitcoin’s creation. Wright has submitted 97 new documents to support his case, including files he believes are critical to Bitcoin’s inception. However, developers