Author: Mohammed Ali

Article written by Mohammed Ali

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

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