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.
FTX and Alameda Liquidate $10.8 Million in Crypto to Binance, Coinbase, and Wintermute
Bankrupt cryptocurrency firms FTX and Alameda Research are in limelight once again by transferring $10.8 million worth of crypto assets to three major exchanges: Wintermute, Binance, and Coinbase. This latest transaction brings the total amount of crypto assets moved by FTX and Alameda since October 2023 to an astounding $551 million, enclosing 59 different tokens. …
Mustafa Mulla·1 Dec 20232 min
Ripple’s Escrow Balance Dips as Another 1 Billion XRP Tokens Unlocked
In a recent strategic move, Ripple, a major player in cryptocurrency payments, has released another 1 billion XRP tokens from its escrow accounts. This routine action has significantly lowered Ripple’s escrow balance to below 40 billion XRP, as confirmed by the crypto tracking service, Whale Alert. 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 300,000,000 …
Mustafa Mulla·1 Dec 20232 min
Binance-Gulf Energy Partnership for Thailand Faces Scrutiny
In a bold move, Binance, a major player in the crypto world, has partnered with Gulf Energy Development Pcl, led by billionaire Sarath Ratanavadi, to launch a high-tech digital asset platform in Thailand. Despite securing necessary licenses, Binance’s recent trouble involving a $4.3 billion penalty for breaking US anti-money laundering and sanctions laws has sparked …
Mustafa Mulla·29 Nov 20232 min
OKX Launches New Crypto Exchange and Web3 Wallet in Brazil
In a major move to boost the use of cryptocurrencies and decentralized finance (DeFi) in Latin America, OKX, a leading global Web3 tech company and crypto exchange, has officially launched its crypto exchange and Web3 wallet platform in Brazil. This is a big step for OKX as it expands into one of the most dynamic …
Mustafa Mulla·27 Nov 20232 min
XRP’s Upcoming Bull Run: Why This Time Will Be Different?
The cryptocurrency market is poised for another bull run, and XRP, the third-largest altcoin, is well-positioned to take advantage of this surge. In a recent tweet, Kyren, a former banker with extensive experience in the financial industry, expressed his optimism about XRP’s prospects, highlighting the significant changes that have occurred since the last bull run. …
Mustafa Mulla·27 Nov 20232 min
Crypto Markets Stir as Argentina’s presidential candidate Javier Milei, vows to close the “Central Bank”
In a decisive move, Argentina’s President-elect Javier Milei has reaffirmed his unwavering commitment to shutting down the country’s central bank, a cornerstone of his campaign platform. This uncompromising stance, outlined in a statement released on Friday, serves as a stark reminder of Milei’s determination to reshape Argentina’s economic landscape. Countering Falsehoods Milei’s resolute declaration comes …
Mustafa Mulla·24 Nov 20232 min
Sam Altman Returns to OpenAI as CEO: What You Need to Know
On November 18, OpenAI dropped a bombshell by ousting its CEO, Sam Altman. The move came after a detailed review by the board of directors, expressing concerns about Altman’s communication. They said, “The board no longer has confidence in his ability to continue leading OpenAI,” a statement from the company read. “This decision was not …
Mustafa Mulla·22 Nov 20231 min
Who is the New CEO of Binance?
Binance, the world’s largest cryptocurrency exchange, has announced that Richard Teng will be taking over as CEO, replacing (CZ). The announcement comes after CZ pleaded guilty to insider trading charges and stepped down from the position. Well, who is this man and is he right for the organization? We have the answers for you. Read …
Mustafa Mulla·22 Nov 20232 min
Ripple’s CBDC Collaborations Address Financial Exclusion Challenges in Over 20 Central Banks Worldwide
Central Bank Digital Currencies (CBDCs) offer a solution to financial exclusion. They are cost-effective, allowing for financial service provision at a much lower cost than traditional methods. Ripple is collaborating with over 20 central banks worldwide for CBDC initiatives. Ripple’s Vice President for CBDC Engagements, James Wallis, has highlighted the potential of CBDCs to enhance …
Mustafa Mulla·18 Nov 20232 min