Author: Emma Davis

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Emma Davis

Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.

Articles by Emma Davis

1,090 Survivors of Human Trafficking Rescued from Crypto Scam

Authorities Rescue Over 1,000 Filipinos Victims of Human Trafficking Linked to Crypto Scam

1 year ago 1 min read

Police in the Philippines have rescued over 1,000 people who were held captive and forced to run online crypto scams. Reports indicate that the victims were trafficked into the country from several Asian nations and were coerced into promoting fraudulent crypto investments. The Philippine National Police arrested at least 12 suspected ringleaders believed to be affiliated with the Colorful and Leap Group. Crypto scams have become increasingly prevalent in the Philippines and Southeast Asia, with victims lured in with promises of online jobs, free flights, and accommodation. Once in the country, their passports were confiscated, and they were made to

Bitcoin whales withdrew nearly $240 million from exchanges

Bitcoin Whales Move $240 Million Off Exchanges: What Does it Mean for the Market?

1 year ago 1 min read

The cryptocurrency market experienced a significant movement of funds on Friday, as Bitcoin whales withdrew nearly $240 million from exchanges. This marks the sixth-largest Bitcoin withdrawal from exchanges this year, with large Bitcoin holders continuing to be the driving force behind these massive outflows. The timing of this significant movement of funds is notable, as the cryptocurrency market is currently experiencing extreme volatility, particularly within the meme coin sector. With these digital assets gaining popularity and attracting significant investments, they have the potential to impact the broader market, including well-established cryptocurrencies like Bitcoin. The recent outflows of Bitcoin from exchanges

Do Kwon Faces Extradition to South Korea, Prosecutors Seek 40-Year Sentence

Do Kwon Faces Possible 40-Year Sentence as Prosecutors Seek Extradition to South Korea

1 year ago 1 min read

Authorities in South Korea and the United States are vying to extradite Do Kwon, founder of Terraform Labs, after his arrest in March. Kwon was apprehended by Montenegrin police as he attempted to flee to Dubai using fake travel documents. Both South Korean and U.S. authorities want to prosecute Kwon for fraud charges relating to the LUNA and UST tokens, which were designed by Kwon and other employees of Terraform Labs. The Securities and Exchange Commission had already charged Kwon with fraud and securities law violations, but he attempted to delay regulators by filing a court motion. However, Dan Sung-han,

Coinbase has launched the Coinbase International Exchange

Coinbase Launches New Exchange Outside the U.S. Following Regulatory Tussle

1 year ago 1 min read

Coinbase, the largest cryptocurrency exchange in the U.S., has launched the Coinbase International Exchange, which will be accessible to institutional investors outside the country. The move follows a regulatory dispute with the Securities and Exchange Commission (SEC) over the past few weeks. Institutional investors will be able to trade perpetual Bitcoin and Ethereum futures with leverage of up to 5x. In a blog post announcing the debut of the international exchange, Coinbase said, “As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.” Coinbase

The Biden administration is proposing a tax on crypto miners

US government considers 30% electricity tax for crypto miners

1 year ago 1 min read

The Biden administration is proposing a tax on cryptocurrency miners, with the White House’s Council of Economic Advisers campaigning for a tax equal to 30% of the cost of the power used by crypto miners. The proposed tax, known as the “Digital Asset Mining Energy excise tax,” would be effective for taxable years beginning after December 31, 2023, and would be phased in over three years. The tax is aimed at offsetting the “negative spillovers” of crypto mining, such as the high energy consumption, impact on the environment, quality of life, and electricity grids. However, some states like Arkansas, Montana,

Peter Brandt Forecasts Dominance of Bitcoin Over Altcoins, Expects Market Shift

Trader Peter Brandt Says Bitcoin Will Outperform Altcoins, Leave Pretenders in the Dust

1 year ago 1 min read

Renowned trader Peter Brandt, known for accurately predicting the 2017 Bitcoin (BTC) crash, has shared his thoughts on the future of Bitcoin in the current crypto market. In a recent tweet to his 696,000 followers, Brandt stated that BTC is set to outperform all other digital assets, and the Bitcoin dominance chart (BTC.D) could hold the key. Brandt’s attention is focused on BTC.D, which tracks how much of the total crypto market capitalization belongs to BTC. According to him, BTC.D has been consolidating in a large rectangle for about two years, and a decisive breakout from this range could have

Nigeria's SEC is considering licensing digital exchanges dealing in tokens backed by assets such as equity

Nigeria considers allowing asset-backed tokens, but crypto still faces restrictions: Bloomberg

1 year ago 1 min read

Nigeria’s Securities and Exchange Commission (SEC) is considering licensing digital exchanges dealing in tokens backed by assets such as equity, debt, and property, according to a report by Bloomberg. However, the country’s regulators have no immediate plans to permit crypto trading. Head of securities and investment services at the SEC, Abdulkadir Abbas, said that the agency prefers to start with a clear proposal before moving on to more complex ones. The SEC in Nigeria has already started processing applications for digital exchanges, but Nigeria’s central bank has been restricting crypto trading in the country. The SEC plans to register fintech

Merlin and CertiK to Pay $2M in Compensation to Rugpull Victims

Merlin and CertiK to Compensate Users $2M Following Rugpull

1 year ago 1 min read

zkSync-based decentralized exchange Merlin is planning to compensate users impacted in a nearly $2 million rugpull with blockchain audit firm CertiK, according to a statement from CertiK. The rugpull, a type of exit scam, occurred during a public sale of Merlin’s mage tokens, resulting in a significant loss of user funds. A liquidity pool was launched for the new token and paired with a base token such as ether or a stablecoin like dai. CertiK is actively investigating the incident and plans to work closely with the Merlin team to initiate a compensation plan to cover the lost funds for

$200 Million Vanishes as BTC Dips to $27,000

Bitcoin’s Sudden Drop Wipes Out $200 Million in Value

1 year ago 1 min read

The cryptocurrency market took a sudden turn for the worse as Bitcoin (BTC) plummeted from $30,000 to $27,000 in less than an hour, leaving close to $200 million in liquidated leveraged positions in the past hour alone. While the bulls may have celebrated too early, it appears the bears have once again taken control. According to recent reports, upwards of 90% of the liquidations in the past hour were longs, accounting for more than $157 million. Binance and OKX account for the majority of the volume, with 97% of the liquidations on Binance being leveraged long positions. At the time

First Republic Bank

First Republic Bank Shares Drop 26% Following $100 Billion March Withdrawal

1 year ago 1 min read

First Republic Bank, one of the largest banks in the United States, has been hit hard by the recent collapse of Silicon Valley Bank, with as much as $100 billion withdrawn from the bank in just two weeks. While the bank was able to reduce its short-term borrowing through a time deposit from some of the largest US banks, it remains in a precarious situation, having borrowed as much as $138 billion in March and still owing $104 billion to the Federal Reserve, the Federal Home Loan Bank, and JP Morgan. The situation has been compounded by the fact that

Tiger Global's Venture

Tiger Global’s Venture Fund Discloses 20% Loss Amid Crypto Market Turmoil

1 year ago 1 min read

Tiger Global Management, a leading tech investor, is facing significant losses due to its investments in blue-chip crypto businesses. According to reports, the company informed investors that its $12.7 billion venture fund had suffered a 20% loss as of December 2021, largely due to losses from half a dozen major crypto startups. This includes a complete wipeout of its investment in FTX, which collapsed in November. Tiger Global’s investments in NFT marketplace OpenSea, Bored Ape Yacht Club creator Yuga Labs, payments firm MoonPay, decentralized wireless network startup Helium, and Sam Altman’s Worldcoin have also been marked down, causing significant losses

A court in South Korea has ruled that the native token of the LUNA ecosystem, LUNA, is not a security

South Korean court rules that LUNA is not a security

1 year ago 1 min read

A district court in South Korea has ruled that the native token of the LUNA ecosystem, LUNA, is not a security under Korea’s Capital Markets Act. The court dismissed charges of security violations against Hyun-Seong Shin, co-founder of Terraform Labs, stating that it is “difficult to see Luna Coin as a financial investment product regulated by the Capital Markets Act.” This ruling makes the Terra-LUNA saga a case of fraud and breach of trust rather than a violation of securities law. However, the prosecution is still focused on the securities aspect of the native token and has appealed to the

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