Author: Mohammed Ali

Article written by Mohammed Ali

Marathon Digital plans to raise $250 million via a debt offering to boost its Bitcoin holdings

August 14, 2024 2 mins read

Marathon Digital Holdings, a well-known business in the Bitcoin mining industry, intends to generate $250 million by issuing debt in order to acquire more Bitcoin . This approach emulates the technique employed by MicroStrategy, which commenced utilizing Bitcoin as a reserve asset in 2020 and acquired debt to augment its reserves. Marathon now possesses more over 20,000 Bitcoin, making it the second-largest holding among publicly traded firms, trailing only behind

Bitget Wallet doubles its user base to 30 million in a year

August 13, 2024 2 mins read

The user base of Bitget Wallet has increased twofold to 30 million in just one year, primarily due to the surge in on-chain trade and the growth of the decentralized finance (DeFi) ecosystem. The platform’s sophisticated on-chain trading capabilities, specifically within the meme currency ecosystem, have garnered a substantial influx of new users. Bitget Wallet has emerged as a prominent platform for meme currencies, including advanced functionalities such as intelligent

Morgan Stanley’s plan to offer Bitcoin ETFs to clients could lead to increased regulatory scrutiny

August 11, 2024 1 min read

Former SEC enforcement officer John Reed Stark suggests that Morgan Stanley’s introduction of Bitcoin exchange-traded funds (ETFs) to clients may lead to heightened regulatory attention. The bank intends to provide 15,000 of its financial advisors with Bitcoin spot ETFs to offer to clients, granting high-net-worth clients the opportunity to access BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). These investments are specifically designed for individuals who

The Brazilian Securities and Exchange Commission (CVM) approves the world’s first Solana spot ETF

August 8, 2024 1 min read

The Solana spot ETF, which is the inaugural ETF of its kind authorized in Brazil, is an investment vehicle provided by QR, a key participant in the financial industry, and overseen by Vortx. This exchange-traded fund (ETF) offers investors a distinct chance to acquire exposure to Solana’s digital assets using a regulated and conveniently accessible financial instrument. The ETF’s reference price is determined by the CME CF Solana Dollar Reference

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