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

Binance alleges FTX spent $43 million on negative press about the company

CZ claims FTX paid for FUD-filled news articles about Binance

1 year ago 2 mins read

Binance CEO Changpeng Zhao, also known as CZ, has alleged that cryptocurrency exchange FTX paid $43 million to a crypto news outlet that regularly publishes negative articles about Binance. The claim was made during a Twitter space talk, where CZ discussed various topics related to the crypto industry. CZ stated that traders with short positions often look to “generate negative news” to improve their trades. He acknowledged that there are crypto skeptics, such as Peter Schiff, who criticize the industry, but said that he is “fine” with it as “they don’t get it, they don’t understand it.” However, he admitted

Cité Gestion private bank

Cité Gestion: The First Private Bank to Embrace Tokenization of Shares

1 year ago 1 min read

Cité Gestion, an independent Swiss private bank, is using Taurus technology to tokenize its own shares, becoming the first private bank to issue shares as ledger-based securities under Swiss law. The bank will partner with digital assets firm Taurus to issue its tokenized shares, as well as manage the smart contract that creates the shares and perform asset servicing of its securities. Tokenization, or the digitization of various asset classes, has been a popular trend among financial institutions as it allows them to attract more investors by using blockchain technology. This move follows similar moves by other financial institutions such

The CEO of Ark Invest believes that crypto will experience a resurgence

Ark Invest CEO predicts crypto recovery with potential Fed shift

1 year ago 1 min read

The CEO of Ark Invest, Cathie Wood, believes that crypto assets will experience a resurgence in the coming year due to falling inflation and a potential pivot by the Federal Reserve. Wood discussed the macroeconomic outlook in a recent video blog and noted signals pointing to lower inflation, which suggests that the Fed should pivot soon. This would be beneficial for risk-on assets such as crypto as the macroeconomic outlook improves. Wood also predicted that inflation could fall below the 2% Fed target level, and even into negative territory, due to the decreasing money supply. The market is waiting for

Bitcoin mining services

Pennsylvania to host America’s first nuclear-powered Bitcoin mining facility

1 year ago 1 min read

The construction of the first nuclear-powered data center in the United States to host Bitcoin mining services has recently been completed by Cumulus Data, a subsidiary of independent power producer Talen Energy. The 48-megawatt, 300,000-square-foot data center is connected to the Susquehanna nuclear power plant in Pennsylvania and will host Bitcoin mining and cloud computing services. The data center is expected to welcome its first tenant and commence commercial operations this year. The company also plans to develop two more data centers in phase 1 of the project, with a planned aggregate capacity of 475 megawatts. The use of nuclear

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