Author: Mohammed Ali

Article written by Mohammed Ali

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

Terra Classic (LUNC) Surges By Over 5% Despite Terra’s Ongoing Legal Issues

January 2, 2024 1 min read

Despite recent legal challenges, LUNC, the Terra Classic token, increased by over 5% in the last 24 hours. This increase comes despite a U.S. District Court decision in favor of the Securities and Exchange Commission (SEC) in its legal pursuit against Terraform Labs, the entity in charge of the Terra blockchain. This legal development casts doubt on the fate of LUNC, the crypto dealing with the fallout from Terra’s demise.

Shiba Inu (SHIB) Burn Rate Surges Over 2,700% Amid Market Consolidation

January 2, 2024 1 min read

While the Shiba Inu price has recently stabilized, the Shiba Inu community has seen a remarkable increase in SHIB burn activities over the last few days. The burn rate, which represents the number of SHIB tokens irreversibly sent to unrecoverable wallets, has increased by over 2,700%. This increased burning reflects the community’s efforts to reduce total SHIB supply and possibly influence price movements. SHIB tokens are typically burned infrequently, with

Binance Unveils Sleepless AI: AI Gaming on Blockchain

December 27, 2023 2 mins read

Binance crypto exchange has launched the Sleepless AI project on its Launchpool—a one-of-a-kind Web3 and artificial intelligence (AI) gaming platform that offers users a novel way to stake and farm tokens. The Sleepless AI staking webpage will go live on December 28, 2023, 24 hours before the launchpool begins. Token farming participants can stake BNB, FDUSD, and TUSD in a dedicated pool. The much-anticipated $AI tokens, which will be native

Craig Wright faces a $1 million fine as his Bitcoin lawsuit progresses

December 25, 2023 1 min read

Craig Wright’s legal battle against Bitcoin Core developers has taken a dramatic turn in the ongoing saga surrounding the identity of Bitcoin’s creator. The trial, in which Wright claims to be Bitcoin’s enigmatic founder, Satoshi Nakamoto, has been rescheduled for February 5. The lawsuit concerns developers and major corporations such as Blockstream and Coinbase. Wright claims that these developers and firms used his Bitcoin technology without his permission and that

Shiba Inu Token Sees Surge in Major Wallet Transactions – Is Something Big Coming?

December 20, 2023 1 min read

Shiba Inu (SHIB), the meme-inspired crypto, has seen a significant influx of tokens into major wallets in the last 24 hours. According to research firm IntoTheBlock, 4.8 trillion SHIB tokens, the native currency of the Shiba Inu network, have made their way into wallets that hold at least 0.1% of the total supply. This represented a staggering 375% increase in a single day when compared to token flows observed just

U.S. DOJ Charges Four Individuals in $80M Crypto Scam Laundering Operation

December 18, 2023 1 min read

The US Justice Department has filed a lawsuit against four people—Lu Zhang, Justin Walker, Hailong Zhu, and Joseph Wong—for allegedly laundering more than $80 million from crypto scams. The accused, who lived in California and Illinois, used sophisticated techniques to launder money obtained through fraudulent crypto activities. At the heart of their strategy is a deceptive scheme known as the ‘pig butchering scam.’ This elaborate ruse entails creating fake romantic

Bitcoin plunges by over 5%, dropping below $42,000

December 11, 2023 1 min read

The crypto market had a rocky start to the week, with major players such as Bitcoin (BTC) and Ethereum (ETH) dealing with a bearish trend in intraday trading. According to CoinMarketCap, BTC dropped by more than 5%, falling to $41,649 before recovering to $42,510 within a 24-hour period. Over the last day, CoinGlass data revealed a total of $411 million in liquidations, with $357 million linked to long positions in

Cardano’s market cap increases by over $1 billion in 24 hours, reaching $15.5 billion

December 7, 2023 1 min read

Cardano’s native crypto, ADA, experienced a spectacular surge, with its market cap increasing by more than $1 billion in just 24 hours. The latest buying frenzy has propelled ADA to the eighth-largest cryptocurrency by valuation, cementing its position as a key player in the digital asset space. According to the most recent data, ADA’s overall market cap has risen to an impressive $15.5 billion, indicating a significant influx of capital

UK House of Commons Urges Cautious Evaluation of Digital Pound Amid Financial Concerns

December 5, 2023 2 mins read

The UK House of Commons has called on the Bank of England and Treasury to thoroughly evaluate the viability and potential risks associated with the introduction of a digital pound in response to the changing financial landscape. The request highlights how crucial it is to execute the central bank digital currency (CBDC) project with careful cost control and transparency. Although the digital pound’s early trials have demonstrated its potential advantages,

Bitcoin Rockets Pass $40,000 Amid ETF Anticipation and Global Factors

December 4, 2023 1 min read

Bitcoin has risen to an unprecedented high, surpassing $40,000 for the first time since April 2022. This strong rise is being fueled by a confluence of factors, most notably growing optimism about potential Bitcoin exchange-traded funds (ETFs). The cryptocurrency‘s value increased by over 5.5%, briefly approaching $43,000 before settling around $41,600. This surge occurs against the backdrop of increased excitement surrounding the potential approval of a Bitcoin ETF, a development

TerraClassicUSD (USTC) and Terra Classic (LUNC) increase by over 300% and 40% respectively

November 28, 2023 1 min read

Terra Classic Labs’s investment and community support fuel rally cause significant price surges for USTC and LUNC. The unexpected increase in the price of TerraClassicUSD (USTC) and Terra Classic (LUNC) indicates a resurgence of excitement for these assets. In an attempt to reclaim its lost US dollar peg from May 2022, USTC saw an amazing 283% spike in just one day, reaching $0.63997. The dramatic jump in price is thought