Author: Mohammed Ali

Article written by Mohammed Ali

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

March 21, 2024 1 min read

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin

Grayscale pushes for the first spot in Ethereum ETF despite facing regulatory hurdles

March 18, 2024 1 min read

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US Securities and Exchange Commission (SEC). The company contends that the triumph of Ethereum futures ETFs bolsters the argument for a direct Ethereum ETF. The objective of Grayscale’s proposal is to transform its Ethereum Trust into an Exchange-Traded Fund (ETF) that may be traded on NYSE Arca. The company then presents the SEC’s previous

Ethereum announces Dencun upgrade is officially live on all testnets

February 29, 2024 1 min read

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob

Worldcoin (WLD) surges as Bitcoin leads market surge

February 20, 2024 1 min read

Worldcoin (WLD) has seen a 20% increase in value in a single day, following the upward trend of the market as a whole. The crypto market was primarily driven by Bitcoin (BTC) and Ethereum (ETH). Following this, a crypto whale profited from Worldcoin’s rise by transferring 2.09 million WLD tokens from Binance, making a profit of about $2.5 million and demonstrating the high-reward potential present in the erratic crypto market.

BONK memecoin surges by over 15% ahead of potential Revolut listing

February 15, 2024 1 min read

Solana-based memecoin Bonk (BONK) saw a 15% increase in value due to rumors that it would soon be listed on Revolut’s exchange. Renowned fintech company Revolut is considering collaborating with Bonk on a “Learn and Earn Campaign.” The program, which BonkDAO announced in a note on February 14, attempts to increase the memecoin’s user base by a target of 500,000. The decentralized autonomous BonkDAO, which is in charge of the

South Korea is set to enforce a new regulation requiring crypto companies

February 6, 2024 1 min read

A new rule requiring executives of crypto companies to get prior approval from the Financial Services Commission (FSC) is about to go into effect in South Korea, which is a big step in the direction of tighter regulation of the crypto market. South Korea intends to impose more regulations on the executives of crypto companies, mandating that they obtain authorization from the FSC, the nation’s financial regulator, before commencing their

BONE ShibaSwap (BONE), the Shiba Inu governance token, sees a major boost as OKX Africa introduces support

February 4, 2024 1 min read

The Shiba Inu governance token, BONE ShibaSwap (BONE), got support from OKX Africa, a branch of the Seychelles-based OKX exchange. This development coincides with increased transactions on the Shibarium blockchain and awareness of potential scams among the Shiba Inu community. OKX Africa’s adoption of BONE ShibaSwap represents a milestone for the governance token. Lucie, a member of the Shiba Inu (SHIB) team, announced the news on the social media platform

Shiba Inu’s Shibarium Layer-2 network facilitates over 310 million transactions

February 1, 2024 1 min read

The Shibarium Layer-2 network has been a busy hub, facilitating 310 million transactions in its mission to combat Ethereum’s soaring fees, which have hampered widespread adoption. As the developer community ramps up its efforts, the SHIB token is showing signs of recovery after an 85% drop from its 2022 peak. Unlike its canine-themed counterparts, Shiba Inu does not rely solely on celebrity tweets to gain attention. Instead, the team is

Donald Trump’s NFTs Surge Amidst NFT Market Dip in January

January 31, 2024 1 min read

In the third week of January, the NFT market experienced a dip, with trading volumes falling to $223 million, a 23% decrease from the previous week. Despite the overall downturn, the number of NFT enthusiasts continues to grow, with over 730,000 collectors actively participating, representing a 35% increase in interest. Despite the difficulties encountered by various NFT collections, there is one exception: Donald Trump’s NFTs. The former president’s NFTs are

Maker (MKR) co-founder sells over $4 million in Maker, causing market concerns

January 29, 2024 1 min read

At the start of the new year, Maker (MKR) demonstrated resilience in the face of some market downturns, maintaining its strength despite prevailing downward trends. However, a recent notable wallet transfer involving the sale of millions of dollars worth of MKR on exchanges has raised market concerns. The wallet in question is linked to one of MakerDao‘s co-founders, and the sale of 2,235 MKR, worth over $4 million, drew attention

Binance CZ’S $4.5B equity offer fails to secure urgent UAE visit again

January 25, 2024 1 min read

Former Binance CEO Changpeng Zhao, also known as CZ, faced a legal setback in his efforts to obtain permission to travel to the United Arab Emirates for the second time. Despite offering $4.5 billion in Binance equity as collateral, a federal judge denied his request, limiting his ability to visit a close associate who is hospitalized and undergoing surgery. Court documents filed on Wednesday revealed that CZ’s legal team wrote

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

January 24, 2024 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