Author: Mohammed Ali

Article written by Mohammed Ali

U.S Fed Calls For Emergency Meeting Amid Global Market Crash

August 5, 2024 1 min read

In the midst of global market turmoil, the US Federal Reserve has convened an emergency meeting to reassess interest rates. It is anticipated that the meeting will lead to a 50 basis point decrease in the rate. In the past seven days, the Japanese yen has experienced a 13% decline in value, Korea and Taiwan have experienced a 10% decline, and Bitcoin prices have fallen by 21%. S&P futures have

Ethereum (ETH) Price Struggles Despite the ETFs Launch

July 27, 2024 1 min read

The price of Ethereum (ETH) has witnessed a substantial downturn following the introduction of the Spot Ethereum ETFs, suggesting that the debut was a “sell the news” occurrence. According to an analysis, Ethereum has experienced a 10% decrease in value since trading commenced on July 23. Further losses may occur. Markus Thielen, the Head of Research at Matrixport, provided a comprehensive explanation for the decrease in the price of ETH.

The next crypto bull run will make the total crypto market cap hit $8 trillion

July 22, 2024 1 min read

2024 has been a positive year for the blockchain and crypto market, with Bitcoin reaching an all-time high of $73,835 on March 14. In April 2024, BTC underwent its fourth halving, resulting in a reduction in token awards to 3.125 bitcoins. This had a significant effect on most altcoins, resulting in their prices remaining stable across the board. Kate Richardson, a proficient cryptocurrency analyst, provides valuable perspectives on the market

Former President Trump picks crypto-friendly Senator JD Vance as his running mate

July 16, 2024 1 min read

Senator JD Vance (R-OH) has been selected by former President Donald Trump as his running mate for the 2017 election. The declaration was issued on Trump’s Truth Social profile during the Republican National Convention, subsequent to an assassination endeavor on Trump only a few days earlier. Trump emphasized the thoughtful evaluation process behind his decision, explaining that he selected Vance because of his favorable position on cryptocurrencies and his proposed

The crypto market reacts to Trump assassination attempt

July 15, 2024 1 min read

According to Santiment, a crypto analytics business, the crypto markets have responded favorably to the attempted assassination of former president Donald Trump. Trump was targeted in an alleged assassination attempt during a political gathering in Pennsylvania, but managed to survive with only minor injuries. Consequently, Bitcoin (BTC) and MAGA (TRUMP), the leading memecoin inspired by Trump, experienced a significant increase in value. As the cryptocurrency community nears the upcoming elections,

Former FTX exchange executives will be sentenced after pleading guilty

July 10, 2024 1 min read

Two former FTX executives, Nishad Singh and Gary Wang, will be sentenced in New York this fall. Singh, a former Director of Engineering, pleaded guilty to four federal charges in February 2023, testifying that Alameda Research took billions from FTX under Bankman-Fried’s orders. Wang, a former Chief Technology Officer, pleaded guilty to fraud and conspiracy in December 2022, testifying against Bankman-Fried. He revealed he gave Alameda Research special advantages, leading

A decentralized wellness solutions provider WELL3 hits $55M TVL in 24 hours ahead of TGE

July 1, 2024 1 min read

WELL3, a supplier of decentralized solutions for wellbeing, has successfully raised $55 million in Total Value Locked (TVL) during a 24-hour public sale before to their next Token Generation Event (TGE). The startup receives backing from renowned crypto investment firms including Cypher Capital, as well as other notable organizations such as Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz. WELL3

A US court advances Ripple’s securities case to trial

June 21, 2024 2 mins read

Ripple Labs is currently confronting further legal obstacles as a United States court progresses with a securities case centered around purportedly deceptive representations. The primary inquiry revolves around whether XRP, the digital asset of Ripple, meets the criteria of being classified as a “security” according to United States legislation, a determination that might significantly impact rules pertaining to cryptocurrencies. The lawsuit, initiated by Bradley Sostack, is around remarks made by

3iQ Digital Asset Management is set to launch North America’s first Solana ETP

June 21, 2024 1 min read

3iQ Digital Asset Management has submitted an initial prospectus for The Solana Fund (QSOL) to Canadian securities authorities, with the exception of Quebec. If authorized, QSOL will become the inaugural exchange-traded product (ETP) for Solana (SOL) in North America. It will be listed on the Toronto Stock Exchange (TSX) with the ticker symbol “QSOL.” This action is a noteworthy achievement for 3iQ, renowned for introducing the initial openly traded Bitcoin

Hashdex proposes a Bitcoin and Ethereum ETF to the SEC

June 20, 2024 2 mins read

Hashdex, an asset management firm, has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that merges spot Bitcoin (BTC) and Ethereum (ETH). The Hashdex Nasdaq Crypto Index US ETF seeks to offer investors direct exposure to the top two cryptocurrencies, representing a notable step towards incorporating crypto assets into conventional financial markets. The ETF’s portfolio will be comprised primarily of Bitcoin

Donald Trump vows to ensure that the future of crypto and Bitcoin will be made in the USA

May 26, 2024 1 min read

Today, Donald J. Trump tweeted, “I am very positive and open minded to crypto companies and all things related to this new and growing industry,” as both sides in the presidential election appear to be courting pro-crypto voters. “Our country must be the leader in the field, there is no second place,” Trump wrote on Truth Social before speaking at the Libertarian National Convention in Washington, D.C., today. On the

ConstitutionDAO’s PEOPLE surges by over 25% in the last 24 hours

May 25, 2024 1 min read

The price of PEOPLE, the token associated with the disbanded ConstitutionDAO, has seen a significant rise of 25% in the last 24 hours. Currently trading at $0.095, the token boasts a market cap exceeding $480 million. This unexpected surge comes despite the DAO itself dissolving in November 2021 after failing to win a rare copy of the U.S. Constitution at auction. A Brief History of ConstitutionDAO Formed in late 2021,