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

Binance experienced an impressive inflow of nearly $2 billion in the last 48 hours

Binance Witnesses Massive Inflow of Nearly $2 Billion

11 months ago 2 mins read

Binance, the popular cryptocurrency exchange, experienced an impressive inflow of nearly $2 billion in the last 24 hours, according to data from DeFillama. This influx of funds comes despite the alleged fear, uncertainty, and doubt (FUD) surrounding the departure of key executives from the company. The significant inflow can be attributed to the surge in Binance’s TrueUSD (TUSD) balance within the same timeframe. The balance of TUSD on Binance skyrocketed from less than $500 million on June 6 to a staggering $2.65 billion. In comparison, other major exchanges like OKX, Bitfinex, Gate.io, and Huobi hold less than $20 million of

Shiba Inu's governance token BONE has experienced a steady rise in value

BONE Token Surges as Shiba Inu Unveils Shibarium Launch Date and Defines Governance Role

11 months ago 1 min read

Shiba Inu’s governance token BONE, which also serves as the Layer 2 Shibarium gas token, has experienced a steady rise in value since June 10. The token’s price has doubled, achieving 100% gains and reaching highs of $1.16. In the last 24 hours, BONE gained further momentum following key announcements made by Shiba Inu lead Shytoshi Kusama. BONE’s Impressive Performance Amid Market Sell-off: Despite the recent market sell-off and the crypto market being in the red, BONE has continued to outperform other dog-themed tokens. At the time of writing, BONE was up 8.99% in the last 24 hours, trading at

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as "digital gold" and emphasized its potential as an international asset.

BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold, Calls for Regulators to Consider Bitcoin ETF

11 months ago 1 min read

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as “digital gold” and emphasized its potential as an international asset. He also expressed his desire to hear from regulators regarding the approval of a Bitcoin exchange-traded fund (ETF). This represents a notable shift in Fink’s perspective, considering his previous comments on Bitcoin as a “money laundering index” back in 2017. Fink highlighted Bitcoin’s role as a digital form of gold, explaining its ability to serve as a hedge against inflation and currency devaluation. He pointed out

Bitcoin's Monthly MACD Shifts to Green

Bullish Sign: Bitcoin’s Monthly MACD Indicates Start of Bull Market

11 months ago 2 mins read

In 2023, Bitcoin (BTC) made a stunning comeback, recovering impressively from the turbulence it faced in the previous year. A combination of factors, including improving macroeconomic conditions, rising concerns about inflation, and a shift towards more moderate interest rate hikes, boosted Bitcoin’s price and reaffirmed its resilience and appeal as a digital asset. On July 3, an essential technical indicator, the Moving Average Convergence Divergence (MACD), turned green on Bitcoin‘s monthly chart, indicating the potential beginning of a bull market for the world’s leading cryptocurrency. Understanding the MACD and Its Significance for Investors The MACD is composed of two lines:

Binance crypto exchange has completed its 11th burn round

Binance Burns 2.65 Billion LUNC Tokens in 11th Round, Price Sees 3% Increase

11 months ago 2 mins read

Binance, the world’s leading cryptocurrency exchange, has completed its 11th burn round, destroying a total of 2.65 billion Terra Classic (LUNC) tokens. This latest burn brings the cumulative number of LUNC tokens burned by Binance to over 35.5 billion, with the community’s burn reaching an impressive 68 billion. The burn event has received positive feedback from traders, as the price of LUNC experienced a 3% increase. The burn took place on July 1, when Binance executed a transaction transferring 2.65 billion LUNC tokens to the burn address, effectively reducing the circulating supply. The transaction also incurred a transaction fee of

Terraport DeFi

$1 Billion Hack on Terraport DeFi: TerraCVita Launches Investigation

11 months ago 1 min read

Terraport DeFi, a decentralized finance (DeFi) platform on the Terra blockchain, has been hacked, with nearly $1 billion in community-owned funds stolen. The hack occurred on June 28, 2023, following the Cosmwasm V 2.1.0 upgrade. The attackers managed to steal 15 billion Terra Luna Classic (LUNC), along with 9.4 million Terra Classic USD (USTC) and 9.1 million Terra 2.0 (LUNA). Unfortunately, a substantial portion of the stolen funds has been irretrievably moved to Tornado Cash, a crypto mixer that has been banned by the US government since late last year. The Terraport team is working closely with centralized exchanges to

The XRP price has shown a 2% increase in the past 24 hours

Can XRP Reach $4 Before the End of 2023?

11 months ago 2 mins read

The XRP price has shown a 2% increase in the past 24 hours, reaching $0.476333, as the wider cryptocurrency market also experiences gains. This recent uptick provides some recovery for XRP holders after recent losses. However, XRP remains down 3% in the last seven days and 6.5% in the last 30 days, despite a 40% increase since the start of the year. The potential for XRP to reach new highs hinges on the outcome of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), which is expected to conclude in the coming months. If Ripple secures a positive

FTT Token Experiences Explosive 70% Growth in a Week Amidst FTX Relaunch Speculation

FTT Token Surges 70% in a Week Amidst Speculation of FTX Relaunch

11 months ago 1 min read

The native token of the collapsed FTX exchange, FTT, has seen a significant surge in price in recent days, as speculation and rumors surrounding the exchange’s potential relaunch intensify. Over the past week, FTT has gained 71.2%, trading at $1.69 at the time of writing. The token’s market cap has also witnessed substantial growth, increasing by around $233 million to reach $556.9 million. While FTT’s year-to-date rally stands at nearly 110%, the majority of these gains were achieved within the past week. Recent reports from The Wall Street Journal suggest that the likelihood of FTX’s relaunch is higher than expected.

Judge Amy Berman Jackson denied Binance's motion to prevent the SEC from making public statements regarding the case.

Court Rejects Binance’s Claim of SEC Misconduct in Recent Ruling

11 months ago 1 min read

In a recent development in the ongoing legal battle between crypto exchange Binance and the U.S. Securities and Exchange Commission (SEC), Judge Amy Berman Jackson denied Binance’s motion to prevent the SEC from making public statements regarding the case. The decision came on Monday, June 26, following Binance’s allegations of misleading statements that could potentially impact the case and prejudice the jury pool. Judge Jackson emphasized that it was not within the court’s purview to intervene in “wordsmithing” press releases from either party. While she acknowledged the ethical obligations of all lawyers involved, the judge stated that court intervention at

The Shiba Inu community is buzzing with excitement as lead developer Shytoshi Kusama unveils exciting updates

Shiba Inu’s Price Skyrockets as Shibarium Unveils Exciting Ecosystem Updates

11 months ago 1 min read

Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, has continued its strong performance with a remarkable surge over the past week. This surge can be attributed to significant ecosystem developments, particularly the highly anticipated launch of Shibarium, the decentralized ecosystem. The Shiba Inu community is buzzing with excitement as lead developer Shytoshi Kusama unveils exciting updates and shares his unwavering dedication to the community. Shibarium Launch and Developer Updates In a recent telegram chat, Shytoshi Kusama reassured the Shiba Inu community about the progress of Shibarium. He expressed confidence and determination, promising significant updates on the LEASH token

CryptoLaw Founder

Ripple-SEC Lawsuit Draws in Millions of Users, Says CryptoLaw Founder, Boosting XRP Adoption

11 months ago 1 min read

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in the number of XRP holders, according to John Deaton, founder of CryptoLaw.US and a supporter of Ripple. Deaton argues that the regulatory scrutiny has inadvertently served as a promotional campaign for Ripple and its digital asset. With over 4 million XRP wallet addresses now in existence, Deaton suggests that many holders may still be unaware of Ripple’s role and the purpose of XRP. In a separate tweet, Deaton highlighted the fast payment processing capabilities of XRP compared to Bitcoin.

Binance.US Resolves USD Withdrawal Issues

Binance.US Resolves USD Withdrawal Issue, But Warns of Potential Disruptions

11 months ago 1 min read

Binance.US, the United States-based cryptocurrency exchange, has successfully resolved the issue concerning the withdrawal of US dollars. The exchange collaborated closely with its banking partners to rectify the problem, providing users with the ability to withdraw USD without any hindrance. However, Binance.US has cautioned customers that this resolution may only be temporary. In a recent update, the exchange assured users that its system is fully operational and the processing time for US dollar withdrawal requests is expected to return to the standard five-business-day turnaround period. This comes after Binance.US temporarily suspended dollar deposits and warned customers about an upcoming pause

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