Author: Mohammed Ali

Article written by Mohammed Ali

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

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

January 23, 2024 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

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

January 22, 2024 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

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

January 22, 2024 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

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

January 20, 2024 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

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

January 18, 2024 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,

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

January 16, 2024 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

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

January 11, 2024 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