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

ARK Invest Sells $6 Million of GBTC Amid Rising Trust Value; SEC Discussions Suggest Progress on U.S. Bitcoin ETF

6 months ago 1 min read

Cathie Wood’s ARK Invest made a recent move, selling off more than 200,000 GBTC shares, totaling over $6 million, on November 10. Despite this, GBTC remains the company’s top investment. They’ve also sold smaller amounts earlier on. The value of GBTC has seen significant growth, rising by 10% last week and an impressive 250% throughout 2023. This growth rate surpassed Bitcoin’s 123% rise during the same period. Grayscale recently secured a victory in a legal battle against the SEC related to a fund issue back in August. Just last week, the SEC began talks with Grayscale. This move is seen

The SOL price soared, hitting its highest mark at $60, the best it’s been since May 2022.

Solana (SOL) Price Surges 500% this Year

6 months ago 1 min read

Solana’s (SOL) making waves in the crypto world, pushing through the tough times to show a strong comeback. The SOL price soared, hitting its highest mark at $60, the best it’s been since May 2022. Solana has been on fire, as it shot up by 178% in the last month, and has seen an incredible 500% surge throughout this year. To put that into perspective, it’s outpaced the largest crypto like Bitcoin (BTC) and Ethereum (ETH). This sudden surge is thanks to new holders joining the Solana community, injecting more cash. Also, there are many traditional companies showing an interest

Ethereum Surpasses $2,000 Mark Amid BlackRock's Spot Ethereum ETF Filing

Ethereum (ETH) Surges Above $2,000 Following BlackRock’s Spot ETF Filing

6 months ago 1 min read

BlackRock Inc., a trillion-dollar asset manager, has sparked optimism in the market with its latest filing, hinting at the potential launch of its first Ethereum spot Exchange Traded Fund (ETF) product. The filing, named the iShares Ethereum Trust, was submitted to the Division of Corporations at the Delaware Department of State. While not an active ETF filing, experts anticipate that BlackRock might soon submit a formal application to the U.S. Securities and Exchange Commission (SEC). This move follows BlackRock’s earlier filing for the iShares Bitcoin Trust, signaling the company’s growing commitment to the cryptocurrency market. All eyes are now on

Toncoin’s (TON) price surges by over 19% after Telegram launches giveaway

6 months ago 1 min read

Toncoin (TON), the native crypto of the popular messaging app Telegram, has surged in recent days, reaching a nearly year-long high. The price increase has been attributed to a number of factors, including the launch of a new “Giveaways” feature on Telegram, the purchase of TON by Telegram CEO Pavel Durov, and the cryptocurrency’s growing popularity among users. On November 7, Telegram launched a new Giveaways feature that allows users to create and participate in cryptocurrency giveaways. The feature is currently only available for TON, but Telegram has said that it plans to add support for other cryptocurrencies in the

Dubai's VARA stated that all digital asset service providers in Dubai must complete their licensing applications by November 17

Dubai’s VARA Sets Deadline for Crypto Firms to Obtain Licensing

6 months ago 1 min read

In an announcement on Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) stated that all digital asset service providers in Dubai must complete their licensing applications by November 17, 2023. VARA reported that it has already received over 1,000 applications from crypto firms looking to register under Dubai’s innovative regulatory regime. Initially, the deadline for securing licenses was set for August 31, but it has now been extended to November 17. Under VARA’s virtual asset service provider (VASP) license, approved firms gain the authority to offer crypto services exclusively to qualified investors and institutional customers in Dubai. This regulatory initiative, which

In the last 24 hours, XRP has experienced a notable price spike, making it the top-performing crypto among the majors.

XRP surges by over 11% to become the top-performing crypto majors

6 months ago 1 min read

In the last 24 hours, XRP has experienced a notable price spike, making it the top-performing crypto among the majors. XRP experienced a price increase of over 11%, which caught the attention of traders and investors. Although the price saw a slight retreat on Monday, it still managed to maintain solid upward momentum. Trading volumes also exhibited a surge, rising from $1 billion on Sunday to $2 billion, according to data from CoinMarketCap. At the time of writing, XRP was trading at $0.72, and interestingly, it managed to surpass Binance Coin (BNB) to become the fourth-largest token by market capitalization.

Mango Markets Exploiter's Fraud Trial Postponed: Here's What Happened

$116M Fraud Trial for Alleged Mango Markets Exploiter Postponed to April

6 months ago 2 mins read

Lawyers representing the individual accused of exploiting Mango Markets for $116 million have convinced a judge to delay the fraud trial until April 8, 2023. Initially, Avraham Eisenberg’s trial was scheduled to start on December 4. However, his legal team cited many reasons affecting their trial preparations, leading to the decision to request a continuance. The request was granted by District Court Judge Arun Subramanian on November 2, 2023. In response to this development, Judge Subramanian officially postponed the trial to April 8, 2024, as detailed in a court filing on November 3. U.S. prosecutors opposed the motion for a

Binance Says Goodbye to Russian Ruble Partner

Binance Withdraws from Partnership with Russian Ruble

6 months ago 1 min read

Binance crypto exchange is planning to end its partnership with payment company Advcash, according to a report by the Wall Street Journal. This decision comes on the heels of Binance’s exit from Russia in response to new regulatory changes. The Wall Street Journal suggests that Binance and Advcash’s collaboration may have played a role in facilitating money transfers between Russian banks affected by international sanctions. However, Advcash denies these claims. They state that they ceased using the Russian Ruble for credit card transactions in 2022. Advcash wants to clarify that they are committed to abiding by all laws and regulations.

Injective (INJ) has been on a remarkable journey, surging over 517% in the past year, recently hitting a 17-month high of $15.72.

Injective (INJ) is up 517% following Kava (KAVA) integration

6 months ago 1 min read

Injective (INJ) surged over 517% in the past year, recently hitting a 17-month high of $15.72. This price rally coincides with a strategic partnership between Injective and the Kava Network, aimed at expanding access to stable assets, particularly USDt. Kava Network’s recent announcement of a partnership with the Tether Foundation has solidified its plans to natively issue USDt tokens within the broader Cosmos ecosystem. This development paves the way for an exciting collaboration between Kava and Injective. A key highlight of this collaboration is the direct Inter-Blockchain Communication (IBC) bridging of USDt from Kava into Injective. This integration promises to

Alibaba launches Tongyi Qianwen 2.0, an advanced large language model, to compete with US tech giants.

6 months ago 1 min read

Alibaba, the tech giant headquartered in Hangzhou, China, has unveiled its latest creation, Tongyi Qianwen 2.0, a large language model (LLM) that boasts impressive enhancements in understanding complex instructions, copywriting, reasoning, and the prevention of hallucinations. Alibaba’s move is part of the ongoing competition between the United States and China in the field of large language models as both countries vie for dominance in AI technologies, pitting Alibaba against American tech giants like Amazon and Microsoft. According to Alibaba’s press statement, Tongyi Qianwen 2.0 showcases exceptional capabilities, particularly in complex instruction comprehension, copywriting, reasoning, memory, and preventing hallucinations. In addition

Crypto Hacks Reach $1B in 2023, Less Compared to 2022

6 months ago 1 min read

Hackers have stolen around $1 billion from the crypto market in 2023, marking a 60% reduction compared to 2022, when they made off with about $3.2 billion. The data comes from DeFiLlama, a crypto data analytics dashboard. Interestingly, the majority of hacks occurred in September this year, when hackers got away with $308.23 million. July followed with a loss of $238.42 million, and March recorded a loss of $213.58 million across several crypto platforms. It’s worth noting that the reduction in digital assets stolen doesn’t necessarily indicate improved security within the crypto industry. In fact, more crypto hacks were recorded

FTX founder Sam Bankman-Fried testified as anticipated on October 26

FTX founder Sam Bankman-Fried (SBF) testifies on October 26 as expected

6 months ago 1 min read

FTX founder Sam Bankman-Fried (SBF) testified as anticipated on October 26, shedding light on the likely defense strategy in the ongoing case. During his questioning, his attorneys concentrated on a crucial document that could play a pivotal part in his defense. According to a live post by Inner City Press covering the trial, SBF’s supereminent counsel, Mark Cohen, questioned him about a document retention policy. SBF revealed that this policy had been formulated by the law establishment, Fenwick and West, specifically by Dan Friedman. The defense appears to be leaning on this policy to explain why some of SBF’s correspondence