Author: Mohammed Ali

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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

Shiba Inu (SHIB) Sees 5% Upswing

Shiba Inu (SHIB) Continues 5% Surge as Bitcoin Holds Steady at $29K

10 months ago 1 min read

In the world of cryptocurrencies, where volatility is often the norm, a standout performer has emerged amid a landscape of flatlined market activity. Shiba Inu (SHIB), the meme-inspired coin, continues to defy the stagnation that has enveloped much of the market. While Bitcoin struggles to break free from its $29,000 range and experiences historically low volatility, SHIB has managed to capture attention with a notable 5% surge. The cryptocurrency community is no stranger to excitement, but recent days have seen a distinct lack of it, particularly for Bitcoin. The primary digital asset has been locked within the confines of its

MicroStrategy recently announced a purchase of $361.4 million worth of Bitcoin

MicroStrategy to buy more Bitcoin (BTC)

10 months ago 2 mins read

MicroStrategy, a prominent corporate player in the crypto space, has once again made waves by acquiring a substantial amount of Bitcoin. The company recently announced a purchase of $361.4 million worth of Bitcoin, adding 12,800 BTC to its existing holdings. This move comes as part of MicroStrategy’s ongoing commitment to cryptocurrency investment, with plans to raise even more capital through stock issuance. MicroStrategy’s latest Bitcoin acquisition has elevated its total holdings to an impressive 152,800 BTC, marking a significant increase from 132,500 BTC recorded in February. The company’s decision to bolster its cryptocurrency reserves reflects a strategic approach to harnessing

SEC Orders Coinbase to Drop All Crypto Assets Except Bitcoin, CEO Speaks Out

SEC Orders Coinbase to Delist All Crypto Assets, Except Bitcoin, Says CEO

10 months ago 2 mins read

Coinbase faced a critical situation when the U.S. Securities and Exchange Commission (SEC) instructed them to delist all cryptocurrencies on their platform, except for Bitcoin. The revelation comes from Coinbase CEO Brian Armstrong, who disclosed the regulatory pressure in a recent interview. The SEC’s stance on considering most assets as securities, excluding Bitcoin, has raised significant concerns within the crypto industry. In a July 31 interview with the Financial Times, Brian Armstrong disclosed the SEC’s surprising demand to delist nearly 250 tokens listed on the Coinbase platform. The SEC, believing that “every asset other than Bitcoin is a security,” reportedly

Ducati has recently made a significant leap into the world of digital collectibles by launching its first-ever NFT collection.

Ducati Introduces NFT Collection Powered by XRP Ledger

10 months ago 2 mins read

Ducati has recently made a significant leap into the world of digital collectibles by launching its first-ever NFT collection. To power this groundbreaking release, Ducati has joined forces with XRP Ledger, a leading blockchain technology platform. This collaboration was initially announced in July 2022, and after much anticipation, the NFT launch is finally underway. While the exact connection between the launch and the recent Ripple case victory remains unclear, Ducati enthusiasts and crypto enthusiasts alike are eagerly looking forward to the NFT collection that will showcase the iconic Ducati logos used on motorcycles since 1946. Ducati’s venture into the NFT

Binance and CEO CZ Seek Dismissal of CFTC Charges Through Court Application

Binance Files Court Application to Dismiss CFTC Charges

10 months ago 1 min read

Binance and its CEO, Changpeng Zhao seek the dismissal of a complaint filed by the Commodity Futures Trading Commission (CFTC). The CFTC alleged that Binance crypto exchange violated the Commodity Exchange Act and other federal regulations by operating an illegal digital asset derivatives exchange that offered commodity derivatives transactions to US citizens since July 2019. According to a recent court filing, the crypto exchange is taking legal action to challenge the CFTC’s accusations. The complaint was filed on March 27, 2023, and accused Binance of intentionally violating federal law. The CFTC claimed that the exchange has been facilitating commodity derivatives

The Polygon team has taken a significant step towards enhancing the decentralization of its ecosystem by announcing a new governance model.

Polygon Introduces Ecosystem Council in Innovative Governance Model

10 months ago 2 mins read

The Polygon team has taken a significant step towards enhancing the decentralization of its ecosystem by announcing a new governance model. In line with its roadmap for Polygon 2.0, which focuses on zero-knowledge-powered Layer 2 chains, the team aims to empower stakeholders to actively shape the network’s future. This new governance framework is designed to foster community collaboration and decision-making, drawing inspiration from Ethereum’s successful governance models. The cornerstone of the new governance model will be built upon “three governance pillars.” The first pillar will oversee the governance of the core protocol, ensuring a transparent and efficient decision-making process. The

Terra (LUNA) Blockchain to Pause Operations: Reasons Unveiled

Terra (LUNA) Chain to Temporarily Halt Operations for Phoenix Software Upgrade

10 months ago 1 min read

Terra (LUNA), a prominent blockchain platform, has announced an upcoming temporary halt to its chain. This scheduled downtime is necessary to facilitate a major upgrade known as Terra Core v2.4.0, as approved by the Terra community through the Phoenix Software Upgrade Proposal. The approval of the Phoenix software upgrade v2.4, also referred to as Prop 4737, was a significant milestone for the Terra (LUNA) community. With an overwhelming majority, 98.22% of the votes were in favor of the proposal, while only 1.78% opposed it. The high voter turnout of 53.7% demonstrated strong community engagement. In a recent Twitter announcement, Terra

$700K worth of digital yuan tokens and coupons before the end of 2023.

Changzhou City in China to Give Away $700,000 in Digital Yuan Tokens and Coupons

10 months ago 2 mins read

The city of Changzhou, China, is taking part in the nation’s central bank digital currency (CBDC) pilot by giving away $700,000 worth of digital yuan tokens and coupons. The initiative aims to promote CBDC spending during an upcoming citywide shopping festival by distributing e-CNY in lucky red envelopes, a symbol of good fortune in China. This move is part of Changzhou’s efforts to further integrate the digital yuan into its local economy and enhance the adoption of the central bank’s digital currency. Changzhou started distributing digital red envelopes in June and is now gearing up for a second round of

Binance U cryptocurrency exchange has officially listed XRP again

Binance US Reverses Decision: Relists XRP

10 months ago 2 mins read

In a highly anticipated development, the SEC-Ripple case reached its conclusion, resulting in a significant victory for XRP. Initially, the SEC claimed that XRP was a security, leading to its delisting from several exchanges, including Coinbase and Binance US. However, with the recent decision in favor of XRP, exchanges have started relisting the token. Following Coinbase’s relisting announcement, Binance US has also joined in, bringing positive news for XRP supporters and fueling a remarkable price surge. Binance US, a prominent cryptocurrency exchange, has officially listed XRP again, following the favorable verdict in the SEC-Ripple case. The exchange expressed excitement about

Polygon's Proposal to Transform MATIC into POL

Polygon Plans to Rebrand MATIC Tokens as POL

10 months ago 1 min read

Polygon, the popular Ethereum scaling solution, has unveiled its plans for a technical upgrade to its native MATIC token as part of its Polygon 2.0 roadmap. The proposed upgrade, pending community approval, would transform MATIC into POL, a token designed to enhance scalability and security within the Polygon ecosystem. The primary objective of the proposed upgrade is to ensure the scalability of the Polygon ecosystem while maintaining a high level of security. By converting MATIC into POL, Polygon aims to create a token that can be staked across multiple chains within the ecosystem. This expanded functionality allows Polygon validators to

Akai Token transferred 804 million Shiba Inu tokens to a dead wallet

Shiba Inu Burn Rate Soars 8,900% Due to Akai Token’s Destruction of 804 Million $SHIB

10 months ago 1 min read

The burn rate of Shiba Inu ($SHIB), a meme-inspired cryptocurrency, has experienced a significant surge following a historic burning frenzy initiated by Akai Token ($AKAI). Akai Token’s recent move involved transferring 804 million tokens to a dead wallet, resulting in a remarkable 8,900% increase in the burn rate within a 24-hour period. Akai Token’s token burn event began with a relatively small transaction of just over 310,000 SHIB tokens. This was followed by an impressive sequence of over 100 individual transactions, resulting in the transfer of a staggering 800 million tokens. The Akai Token project incorporates a 4% levy on

V oyager Digital has seen an exodus of over $250 million worth of crypto assets

Voyager Digital Witnesses Massive Outflow as Creditors Withdraw Over $250M in Funds

10 months ago 1 min read

Voyager Digital, a crypto lender that recently resumed withdrawals after a year-long suspension, is now facing a significant outflow of funds as creditors rush to withdraw their money. The platform, which filed for Chapter 11 bankruptcy last year, has seen an exodus of over $250 million worth of crypto assets since the resumption of withdrawals. After a prolonged suspension and a bankruptcy filing, Voyager Digital recently gave its investors the green light to begin withdrawing funds from the platform. Since the resumption of withdrawals, over $250 million worth of crypto assets have been withdrawn from the Voyager Digital platform, according

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