Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
The SEC’s Invocation of the Terraform Labs Ruling in the Binance Lawsuit
In the lawsuit between Binance, Binance.US, former CEO Changpeng ‘CZ’ Zhao, and the U.S. Securities and Exchange Commission (SEC), the securities regulator has submitted a notice of supplemental authority with the court. The SEC has cited the recent ruling in SEC v. Terraform Labs, which determined that UST and LUNA were securities, as relevant to …
Mustafa Mulla·4 Jan 20241 min
Spot Bitcoin ETFs Latest Updates: Fidelity Investments Refiles for SEC Approval
In a significant move towards embracing cryptocurrencies, Fidelity Investments, managing a massive $4.5 trillion in assets, has once again filed for SEC registration for its spot bitcoin ETF. The filing, which involves submitting SEC Form 8-A, is a critical step towards making the bitcoin fund available for public trading, pending regulatory approval. By registering with …
Mustafa Mulla·4 Jan 20241 min
Global Cryptocurrency Market Cap Plunges Over 6%: 600 million Liquidated in Hour
In the past 1 hour, the global cryptocurrency market cap has experienced a significant decline, falling by over 6% to $1.63 trillion. This meltdown dragged major exchanges such as Bitcoin, Ethereum, Solana, XRP, and Cardano, all of which have dropped by over 6% in just an hour. Bitcoin’s prices have also plummeted by 7% to …
Mustafa Mulla·3 Jan 20241 min
Bitcoin Price At Risk of Crashing 20% Dropping Below $36,000
Today, Matrixport has predicted that the US Securities and Exchange Commission will strike down all January applications for Bitcoin spot exchange-traded funds (ETFs). Despite intensive talks between hopeful applicants and the SEC, Matrixport believes every proposal falls short of crucial hurdles preventing approval. Let’s see how this prediction has affected the Bitcoin price. The bold …
Mustafa Mulla·3 Jan 20242 min
EU Cracks Down on Shadow Banking: Crypto Links Under Scrutiny!
In a significant development that could reshape the cryptocurrency landscape within the European Union, EU regulators are gearing up to investigate the complex relationships between traditional banks, financial institutions, and cryptocurrency entities. This pivotal initiative, as reported by the Financial Times, reflects the EU’s commitment to fostering a transparent and resilient financial environment. EBA’s Focus: …
Mustafa Mulla·3 Jan 20242 min
Are People Against Bitcoin Spot ETFs? Public Feedback Rolls In as SEC Approval Looms
The cryptocurrency world is on edge as the Securities and Exchange Commission (SEC) prepares to decide on a spot Bitcoin ETF. While many are hopeful for approval, there are still concerns that need addressing. This article will delve into the latest developments and insights from industry experts to provide a comprehensive overview of the current …
Mustafa Mulla·3 Jan 20242 min
Brace for Impact! Polymarket Predicts 89% Chance of Spot Bitcoin ETF Approval by Jan 15th
If it wasn’t already high enough, the buzz surrounding the potential approval of a Bitcoin Exchange Traded Fund (ETF) by the SEC has reached a fever pitch. The anticipation has propelled Bitcoin’s value tantalizingly close to the $45,264 mark, leaving enthusiasts and investors on the edge of their seats. With all the anticipation, any predictions …
Mustafa Mulla·3 Jan 20242 min
Decoding the Connection Between Ripple Buybacks and XRP’s Price Spikes
Ripple XRP is the third largest digital asset by market capitalization, capturing the attention of investors and analysts alike. However, XRP’s price has been peculiar, with sudden and inexplicable price spikes followed by a prolonged period of stagnation. In this article, we will deeply study the connection between these price spikes and Ripple’s buybacks on …
Mustafa Mulla·2 Jan 20242 min
Bitcoin Boost: Coinbase and Microstatergy’s Stock Prices Surge Resulted in Huge Returns
Bitcoin made its entry in 2024 with the highest surge since April 2022, which is now trading above $45,000. As it became the talk of the town, many analysts, economists, and Bitcoin holders shared the major factors that have dipped Bitcoin value to the sky. Predicted Factors One of the primary factors driving the recent …
Mustafa Mulla·2 Jan 20242 min