Author: Mohammed Ali

Article written by Mohammed Ali

Avalanche (AVAX) to unlock $110 Million token in November

October 30, 2023 1 min read

Avalanche (AVAX), the Layer 1 blockchain project, is preparing for a significant token unlock scheduled for November 24. This release will see 9.54 million AVAX tokens become accessible, with a total value of around $109.64 million. These tokens represent 2.69% of Avalanche’s circulating supply. The upcoming token unlock will have four primary beneficiaries: This token unlock is a significant event for the Avalanche ecosystem and its stakeholders, as it provides

This Expert Believes Ethereum Will Reach $10K Faster Than People Think

October 28, 2023 1 min read

Guy Gotslak, the co-founder and president of My Digital Money, has a bold prediction for Ethereum (ETH). He believes that Ethereum will reach $10,000 faster than most people anticipate. Gotslak is confident that Ethereum has all the necessary fundamentals to make this significant growth happen. Despite Ethereum recently gaining 21% in a crypto market rally, it fell short of the $2,000 mark. Many attribute this rally to Bitcoin’s movement, but

Filing Hints at Sam Bankman-Fried’s Testimony on Legal Role and Good Faith Efforts

October 26, 2023 1 min read

Sam Bankman-Fried, the founder of FTX, may testify in his defense to provide insight into various aspects of FTX’s operations, according to court filings. His defense team is seeking permission to ask him about his knowledge of lawyers’ involvement in FTX’s decision-making processes and industry practices, his intentions regarding FTX’s funds as the company faced financial difficulties, and his knowledge of FTX and Alameda’s financials. The defense filing specifically seeks

FTX Exchange Transfers $10M in Crypto to Coinbase and Binance

October 25, 2023 1 min read

Today, more than $10 million worth of assets linked to the defunct crypto exchange FTX have been moved to Coinbase and Binance. According to data from Arkham Intelligence, the assets involved in this transfer amounted to 2,904 Ethereum (about $5.18 million), 1,341 Maker (valued at $2.02 million), 198,000 Chainlink (around $2.26 million), and 12,000 AAVE (around $1.03 million). While it’s not definitively clear if these transfers are linked to FTX’s

This blockchain company shuts Down after losing legal battle with the US SEC

October 21, 2023 1 min read

LBRY Inc., a blockchain publishing platform, has revealed that it is shutting down its operations. Overwhelming debts owed to the U.S. Securities and Exchange Commission (SEC), its legal team, and private creditors. The statement from LBRY Inc. is clear and direct: “LBRY Inc. must die, there is no escaping this.” The company has faced a judgment against it by the federal government and carries debts amounting to several million dollars,

Binance Expands Euro Banking Partnerships with New Agreements

October 20, 2023 1 min read

Binance crypto exchange has just expanded its Euro payment options. In a recent blog post, the Binance team announced that they’ve signed agreements with new fiat partners to offer a range of Euro-related services. These services include making Euro deposits and withdrawals through the Single Euro Payments Area (SEPA) network, trading Euro pairs, and buying and selling crypto via SEPA, bank cards, and fiat balances. While Binance hasn’t disclosed the

Visa Unveils $100 Million Initiative to Drive Generative AI Development

October 5, 2023 2 mins read

Visa, the global payment giant, is doubling down on its commitment to artificial intelligence (AI) in the realm of commerce and settlements. They’ve unveiled a fresh initiative, committing a substantial $100 million to fund generative AI ventures. The primary focus of this initiative is to support companies dedicated to advancing generative AI technologies and their applications in the fields of commerce and payments. This investment endeavor will be spearheaded by

Ethereum Whales Accumulate ETH as Ethereum Futures ETF Approval Nears Certainty

October 2, 2023 1 min read

In recent news, Lookonchain has reported a noteworthy trend of Ethereum (ETH) accumulation and staking by large holders, often referred to as “whales.” One prominent whale, known as “0x7838,” made a significant move by withdrawing and staking 4,288 ETH from the Binance exchange just four days ago, amounting to approximately $7.2 million. Following suit, another wallet with the address “0x4b7B” also withdrew and staked a substantial amount, totaling 9,530 ETH,

Volkswagen’s new Trinity EV to be built in Zwickau, Germany

September 30, 2023 1 min read

Volkswagen is reportedly planning to build its new Trinity electric vehicle (EV) at its factory in Zwickau, Germany. The Trinity is a flagship EV that is expected to be launched in 2026. According to the German newspaper Handelsblatt, the decision on the location for the Trinity will be discussed at the Volkswagen supervisory board meeting on Friday. A spokesperson for Volkswagen declined to comment on the report. The decision to

Epic Games Plans to Cut 16% of Its Workforce

September 29, 2023 1 min read

Epic Games, the company behind the immensely popular video game Fortnite, is making significant changes that include cutting around 16% of its workforce, which amounts to 870 jobs. Additionally, the company is selling Bandcamp, an online music platform it acquired just last year. In a memo to its employees, Epic Games explained that despite their efforts to reduce costs, they were still spending more money than they were earning, leading

Binance CEO CZ Responds Swiftly to WSJ FUD Claims

September 27, 2023 1 min read

The Wall Street Journal (WSJ) has once again published a critical article about Binance, the world’s largest cryptocurrency exchange. The WSJ has previously released several negative reports about the exchange. In today’s news, the WSJ claimed that Binance is showing signs of decline, citing an unnamed source who allegedly saw an internal message from Binance co-founder Yi He. According to the WSJ’s alleged source, Yi He sent the following message

Shiba Memu Presale Surpasses $3.2 Million in Funding

September 26, 2023 2 mins read

The cryptocurrency world is buzzing with two compelling stories that have captured the attention of crypto enthusiasts. On one side, Shiba Memu, a meme token equipped with AI-driven marketing capabilities, is making headlines with a token presale that has soared to a staggering $3.2 million. Simultaneously, Celsius Network, a cryptocurrency lending platform that faced financial troubles, has received the green light from its creditors to move forward with a reorganization