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.
CFTC Issues Subpoena to Coinbase Over Polymarket Investigation
The U.S. Commodity Futures Trading Commission (CFTC) has subpoenaed Coinbase, seeking information related to Polymarket, a crypto-based prediction market platform. This move comes amid ongoing regulatory scrutiny of Polymarket, which has been restricted for U.S. residents since 2022 after settling with the CFTC for $1.4 million. Coinbase has notified its users, assuring them no immediate …
Mustafa Mulla·9 Jan 20251 min
Crypto Market Faces $483M Liquidation – Ethereum and Solana Hit Hard!
The cryptocurrency market witnessed massive liquidations as prices of digital assets fell sharply. According to CoinGlass data, $483.61 million was liquidated across exchanges in the past 24 hours, with long positions dominating the sell-off at $342.34 million, compared to $141.34 million in short positions. Ethereum (ETH) led the altcoin liquidations with $86.43 million wiped out …
Mustafa Mulla·9 Jan 20251 min
Short NewsBinance Alpha Introduces Innovative Projects: FAI, VERTAI, and VADER
Binance Alpha, the pre-listing pool by Binance, has announced three new additions: FAI, VERTAI, and VADER. These projects are designed to enhance the integration of blockchain and artificial intelligence. FAI and VADER function as AI proxy tokens on the Base chain, simplifying access to AI-powered tools and services. On the other hand, VERTAI operates on …
Mustafa Mulla·9 Jan 20251 min
Bitcoin ETFs Face Record Outflows: Will BTC Price Drop to $90K?
After a strong start to the year, with Bitcoin briefly reclaiming the $102K mark, the cryptocurrency has struggled to maintain its momentum. As of January 9, Bitcoin dropped by 10%, falling to $93K. This drop comes amid the second-largest daily outflow from Bitcoin spot ETFs in the U.S. Massive Outflows from Bitcoin ETFs However, leading …
Mustafa Mulla·9 Jan 20252 min
Kenya Faces IMF Pressure to Regulate Cryptocurrency Market
The International Monetary Fund (IMF) has urged Kenya to create a clear regulatory framework for its cryptocurrency market. This advice comes amid growing concerns about consumer protection, anti-money laundering (AML), and combating the financing of terrorism (CFT). The IMF’s recommendations highlight the pressing need for Kenya to update its outdated financial laws to support its …
Mustafa Mulla·9 Jan 20252 min
U.S. Now Holds Majority of Bitcoin Reserves: What it Means for Investors
The United States is now leading the global Bitcoin market, with U.S.-based entities holding 65% more Bitcoin reserves than those outside the country. This new all-time high (ATH), highlighted by CryptoQuant CEO Ki Young Ju, marks a significant shift in Bitcoin ownership. But what does this mean for Bitcoin’s future? U.S. Entities Surpass Global Bitcoin …
Mustafa Mulla·9 Jan 20253 min
Grayscale Added New Altcoins for AI, DeFi, and Smart Contract Funds
Grayscale Investments, a leading asset management firm known for its focus on crypto, recently made some important changes to its multi-asset funds. This adjustment comes after they review Q4 2024, and it involves updates to several key funds, including those focused on AI, DeFi, and smart contract platforms. These changes are significant because many investors …
Mustafa Mulla·9 Jan 20252 min
Backpack Misleads Public with False FTX EU Acquisition Claim: FTX
FTX.com and the FTX Recovery Trust have rejected Backpack’s claims of acquiring FTX EU, calling them misleading and confusing. The announcement has also raised doubts about Backpack’s role in repaying FTX EU customers. FTX has now stepped in to clarify the facts about FTX EU’s ownership, the court’s role, and the repayment process. Backpack’s Claim …
Mustafa Mulla·9 Jan 20252 min
Bitcoin Price Crash is Coming as MicroStrategy Will Collapse, Warns Peter Schiff
Prominent economist and Bitcoin critic Peter Schiff has issued a sharp warning about a potential Bitcoin price crash. He believes such a downturn could severely impact corporate investors, especially MicroStrategy, the largest corporate holder of Bitcoin. Schiff’s comments follow Bitcoin’s recent 7% price drop within a single day, alongside MicroStrategy’s MSTR stock losing nearly 10% …
Mustafa Mulla·8 Jan 20252 min