Author: Ava Patel

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Ava Patel

Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.

Articles by Ava Patel

Swiss Firm Pando Asset Joins Race for U.S. Bitcoin ETF

Swiss firm Pando Asset Files for Bitcoin ETF, Analyst Worry about the Impact

5 months ago 1 min read

Pando Asset, a Swiss asset manager, has entered the race for a Bitcoin exchange-traded fund (ETF) in the United States, indicating the continued surge in interest in such offerings. On November 29, the company submitted its bid, aiming to establish a fund that mirrors Bitcoin price movements, with Coinbase managing the Bitcoin holdings. Pando Asset is now the 13th contender seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, joining major players such as BlackRock, ARK Invest, and Grayscale. On the same day, investment firm BlackRock was in discussions with the SEC about its own

AI Token Trading Explodes Hits $3 Billion in Surging Volume

Artificial Intelligence Tokens Skyrocket with a 200% Surge, Breaking $3 Billion in Trading

5 months ago 1 min read

The weekly trading activities of crypto projects centered on artificial intelligence (AI) have increased dramatically in the last six weeks. AI-related crypto assets such as Render (RNDR), Worldcoin (WLD), and Fetch.ai (FET) have been leading the pack in terms of trading volume, according to Kaiko, a prominent on-chain analytics firm. According to the data presented in Kaiko’s tweet, the trading volume of AI tokens was initially less than $1 billion in early October. However, a significant and consistent increase propelled weekly trading volume to more than $3 billion this month, representing a remarkable 200% increase. The chart shows that the

The former CEO of Binance

Former Binance CEO Changpeng Zhao Restricted from Leaving the US Until Sentencing, Rules Judge

5 months ago 1 min read

The former CEO of Binance, Changpeng Zhao (CZ), had a roadblock in his attempts to travel to the United Arab Emirates when a district judge halted a portion of his bail. CZ is currently residing in the US and intends to stay there until early 2024, when he will be sentenced. This follows Binance’s guilty plea for breaking money transfer regulations and sanctions, as well as his recent guilty plea for breaching the Bank Secrecy Act. Despite CZ’s $175 million bond release, the Justice Department maintains that he poses a flight risk due to the absence of an extradition agreement

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year.

Bitcoin Breaks Year-Long Barrier, Surpassing $38,000: A Glimpse into Market Momentum

5 months ago 1 min read

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year. This bullish surge, which occurred on Friday, November 25, put a bright spin on a week that saw Changpeng “CZ” Zhao leave Binance, the world’s largest crypto exchange. According to Santiment, a blockchain analytics platform, this leap above $38,000 may not be a passing fad, but rather a glimpse into a more hopeful trajectory if Bitcoin can maintain its current speed. Santiment’s post on X delves into the dynamics behind Bitcoin’s recent price push. While the crypto has experienced a correction

the Mumbai International Airport received an email threatening an impending explosion at Terminal 2.

A guy threatens to blow up Mumbai airport unless they pay him $1 million in Bitcoin

5 months ago 1 min read

In an alarming turn of events, the Mumbai International Airport (Chhatrapati Shivaji Maharaj International Airport) received an email threatening an impending explosion at Terminal 2. To avoid the alleged blast, the sender demanded a payment of $1 million in Bitcoin within 48 hours. The Mumbai Police responded quickly and filed a case against the unknown individual who sent the threatening email. The email, sent around 11 a.m. on Thursday to the Mumbai International Airport Limited (MIAL) feedback mailbox, detailed the threat and the ransom demand. The threat email, which came from the email address quaidacasrol@gmail.com, said: “The subject is Blast.

HTX and Heco Chain Exploited in Heist

HTX and Heco Chain Hacked, Resulting in $97 Million Theft

5 months ago 1 min read

Cryptocurrency exchanges HTX and Heco Chain, both associated with Justin Sun, were hacked, resulting in a staggering $97 million loss. Justin Sun assured users that HTX would compensate them for any losses incurred as a result of the breach. All deposits and withdrawals on the platforms are currently suspended while investigations into the root cause of the security breach continue. “We’re actively investigating the hack,” Sun said in a statement, “and once we identify the cause, we will resume our services.” A blockchain security firm discovered $85 million in suspicious transactions linked to the hack, indicating a breach of the

Chainlink (LINK) saw an unprecedented increase of over 80% over the course of the last month, rising from $7.362 to $17.

Chainlink (LINK) surges by over 80% in the last 28 days

5 months ago 1 min read

Chainlink (LINK) has been in the news lately, drawing interest from investors with its impressive results. The crypto saw an unprecedented increase of over 80% over the course of the last month, rising from $7.362 to $17. Even though LINK is currently trading at $14, reflecting a slight 5% decline in the market, the recent bullish movement has excited enthusiasts. Chainlink’s story takes an interesting turn thanks to insights from Santiment’s data. When the token was trading for less than $7.40 on October 17th, the 200 biggest wallets added a total of 40.18 million LINK. The asset surged 125% to

The team responsible for supervising the creation and implementation of Meta's AI initiatives was purportedly dismantled by the social media

Meta dismantles the team responsible for its artificial intelligence (AI) initiatives

6 months ago 1 min read

The team responsible for supervising the creation and implementation of Meta’s artificial intelligence (AI) initiatives was purportedly dismantled by the social media behemoth. Reports state that employees of Meta’s responsible AI division have moved into a variety of positions within the business, many of them into the generative AI product division and some of them into the AI infrastructure team. Meta’s generative AI team was founded in February with the goal of developing products that can emulate human-made words and visuals. This project is in line with a larger trend in the tech sector, where businesses are heavily funding the

South Korea’s National Pension Service Invests Heavily in Coinbase with a $19.9M Purchase

This South Korean Company Invests Heavily in Coinbase with a $19.9M Purchase

6 months ago 1 min read

The South Korean National Pension Service (NPS), a major global pension fund with over $755 billion under management, has made an entry into the crypto sector by investing $19.9 million in Coinbase shares. This move reflects large institutional investors’ cautious yet optimistic approach to the rapidly growing crypto market. The NPS has decided to invest through the Coinbase crypto exchange rather than directly purchasing cryptocurrencies. This approach fits with the trend of large institutions investing in businesses connected to the crypto space in order to indirectly participate in the market. With its crucial position in the cryptocurrency space, Coinbase has

New York Enforces Tighter Rules on Crypto Listings

New York Implements Stricter Crypto Listing Rules for Enhanced Investor Protection

6 months ago 1 min read

The New York State Department of Financial Services (NYDFS) has introduced new regulations impacting big crypto players like Circle, Gemini, and PayPal. Effective November 15, crypto companies must seek NYDFS authorization for listing and delisting coins to enhance investor protection. The NYDFS will evaluate firm policies against elevated risk assessment criteria, considering factors like technology, operations, and cybersecurity. All licensed digital currency enterprises in New York are required to adhere to these regulations, following public feedback solicited since September. Notably, firms with pre-approved policies, including Circle, Gemini, Fidelity, Robinhood, and PayPal, must now obtain new approvals. Following an initial discussion

Judge as rejected the joint request from Binance and the U.S. SEC to maintain privacy in certain aspects of their legal case.

Judge Rejects Binance and SEC’s Request for Privacy in Legal Battle, Prioritizing Transparency

6 months ago 1 min read

Judge Amy Berman Jackson has rejected the joint request from Binance and the US Securities and Exchange Commission (SEC) to maintain privacy in certain aspects of their legal case. This decision sheds light on the growing legal complexities within the Bitcoin sector. The judge’s ruling underscores a commitment to transparency, ensuring that essential information related to the case remains accessible to the public. This information might encompass trade secrets or personal details relevant to the proceedings. With the denial of the protective order, both Binance and the US SEC may need to reassess their approach to handling sensitive case details.

Surge in Stablecoins Indicates Fresh Money Flowing into Crypto Market

Stablecoins Surge, Indicating Fresh Inflows and Boosting Crypto Investor Confidence

6 months ago 1 min read

Recent data from Glassnode reveals a notable surge in stablecoins like USDT, USDC, BUSD, and DAI, indicating fresh money flowing into the crypto market. This surge is the most significant increase since the Terra crash in May 2022, marking a positive shift after a challenging period for stablecoins. Stablecoins, pegged to the US dollar, have been crucial for purchasing cryptocurrencies since 2020. The recent surge in their supply suggests that investors may be gearing up to acquire more cryptocurrencies or utilize them in trading activities. Reflexivity research suggests that the rise in stablecoin supply reflects an influx of money into

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