Author: James Wilson

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James Wilson

James Wilson is a crypto writer and researcher with over 5 years of experience in the industry. He is a graduate of the University of California, Berkeley, where he studied computer science and economics. After graduating, he worked as a software engineer at a major tech company before transitioning to a career in crypto.

Articles by James Wilson

The Reserve Bank of New Zealand has started a new stage in investigating the implementation of a CBDC

New Zealand’s Reserve Bank launches consultation for a digital dollar, eyeing a 2030 release

20 hours ago 1 min read

The Reserve Bank of New Zealand has started a new stage in investigating the implementation of a central bank digital currency (CBDC), with the objective of launching it by 2030. The implementation of the digital NZD would provide seamless exchanges between digital and physical currency as well as bank deposits. This system would be overseen by the Reserve Bank in collaboration with commercial banks and payment service providers. The Reserve Bank places a strong emphasis on privacy and security, assuring that it would not engage in monitoring individual expenditure. The central bank digital currency (CBDC) seeks to serve as a

BlackRock has implemented a novel addition to its BUIDL fund

BlackRock’s BUIDL fund now offers conversions to USDC stablecoin, enhancing market liquidity

7 days ago 1 min read

BlackRock has implemented a novel addition to its BUIDL fund, enabling investors to change their shares into the USDC stablecoin. This enhancement boosts liquidity by utilizing Ethereum’s smart contract technology. This new measure seeks to enhance the efficiency of secondary market transactions. The BUIDL fund offers investors the opportunity to generate profits in U.S. dollars through investments in secure assets such as U.S. Treasury Bills. These assets are represented as digital tokens (ERC-20) on the blockchain. The integration of conventional banking with digital technologies is highly consequential. USDC, which is overseen by Circle, ranks as the second-largest stablecoin worldwide in

SHIB has consistently garnered attention from large investors,

Whales snap up Shiba Inu (SHIB) on the dip, eyeing a potential price surge

1 week ago 1 min read

The price of Shiba Inu (SHIB) had a decline of more than 15%, reaching $0.00002584, resulting in a general drop in the cryptocurrency market. Nevertheless, prominent investors, sometimes referred to as whales, acquired 184 billion SHIB, equivalent to around $4.9 million, at a reduced price from exchanges such as Coinbase and Binance. The investors’ purchasing binge indicates a calculated and purposeful action. SHIB has consistently garnered attention from large investors, as evidenced by recent acquisitions made by Coinbase and Binance. Whales, due to their significant influence on market movements, raise inquiries over the price potential of SHIB. Although there was

This Hedge Fund goes long on Bitcoin

This Hedge Fund goes long on Bitcoin, short on MicroStrategy due to valuation doubts

3 weeks ago 1 min read

Kerrisdale Capital is allocating funds to Bitcoin investments while simultaneously taking a position against MicroStrategy shares. The rationale for this move is the belief that the market value of MicroStrategy’s stock far surpasses its actual worth, which is mostly derived from its Bitcoin holdings. The hedge fund contends that MicroStrategy’s software business has become inconsequential in comparison to its Bitcoin holdings, making a little contribution to the company’s total value. Kerrisdale also examined MicroStrategy’s financial tactics, including leveraging debt and issuing more shares, which resulted in a rise in its Bitcoin holdings but a decrease in its Bitcoin per share

FTX exchange plans $884M stake sale in AI startup Anthropic to repay creditors

FTX exchange plans $884M stake sale in AI startup Anthropic to repay creditors

3 weeks ago 1 min read

The insolvent crypto exchange FTX plans to divest a substantial chunk of its stake in the artificial intelligence firm Anthropic for $884 million. This move aims to repay its creditors and enhance its financial well-being. The transaction will include investors such as ATIC Third International Investment Company LLC, Jane Street, Fidelity Management and Research, and HOF Capital. FTX made a $500 million investment in Anthropic in 2021, however Anthropic went bankrupt because of accusations of fraud. The startup has achieved substantial success in the field of artificial intelligence, securing investments from Amazon and Google’s Alphabet Inc., which have elevated its

BlackRock to offer a $100K minimum tokenized fund

BlackRock to offer a $100K minimum tokenized fund

4 weeks ago 1 min read

BlackRock, the world’s top asset manager, has announced plans to launch a tokenized investment fund in collaboration with Securitize, a financial services firm. The USD Institutional Digital Liquidity Fund, which requires a minimum investment of $100,000 from external investors, has been submitted to the US Securities and Exchange Commission (SEC). Additionally, the fund will be managed by Securitize Markets, a Miami-based platform for digital assets. Besides, a token representing the fund, named BUIDL, was launched on the Ethereum blockchain on March 5. Furthermore, the fund is limited to 100 tokens, with only one holder recorded so far. BlackRock’s Bitcoin venture,

China's stock market performance has led to a surge in cryptocurrencies

Chinese turn to Bitcoin (BTC), seeking stability in crypto’s ‘safe haven’

2 months ago 1 min read

China’s stock market performance has led to a surge in cryptocurrencies, despite the country’s prohibition since 2021. Finance professional Dylan Run, from Shanghai, reportedly shifted his investments to crypto in early 2023, using bank cards from smaller rural banks to avoid detection. Dylan Run’s crypto holdings now make up half of his investment portfolio, an over 45% increase in value compared to the stock market’s downturn over the past three years. This trend is gaining traction among Chinese investors seeking stability away from the faltering stock and real estate markets. They access digital assets through various channels, including crypto exchanges

El Salvador's Bitcoin (BTC) holdings exceed $60 million amid recent price surge

El Salvador’s Bitcoin (BTC) holdings exceed $60 million amid recent price surge

2 months ago 1 min read

El Salvador has capitalized on Bitcoin’s (BTC) recent price surge, surpassing the $64,000 mark with 2,848 Bitcoin in possession. In 2021, El Salvador became the first country to legalize Bitcoin as legal tender. In November 2022, the crypto crash led to significant speculation regarding the country’s financial stability. Following this, El Salvador suffered a $60 million loss. But now, reports say that El Salvador BTC holdings exceeds the $60 million as a result of Bitcoin surge. Nayib Bukele, the president of El Salvador, declared himself a champion of Bitcoin, garnering significant popularity both domestically and within the global crypto industry.

Binance has agreed to a $4.3 billion settlement in a federal case

Binance exchange agrees to pay historic $4.3B in fines; founder CZ awaits April sentencing

2 months ago 1 min read

Binance, the world’s largest crypto exchange, has agreed to a $4.3 billion settlement in a federal case, marking a historic high in financial enforcement actions. The settlement with the U.S. Department of Justice (DOJ) includes a $1.8 million criminal fine and $2.5 million in forfeitures for negligence in due diligence. In addition, the DOJ emphasized that punishment aims to hold Binance accountable and deter similar criminal activities. Plus, the settlement’s confirmation came from Judge Richard A. Jones, with the spotlight now turning to Binance’s founder, Changpeng Zhao (CZ), whose sentencing for money laundering and sanctions violations is pending until April

The head of Hong Kong's finance department declared that the Legislative Council would receive bills regulating OTC crypto trading

Hong Kong’s finance chief fast-tracks crypto bills for stablecoins and OTC trading

2 months ago 1 min read

The head of Hong Kong‘s finance department declared that the Legislative Council would receive bills regulating over-the-counter (OTC) crypto trading and stablecoins as soon as possible. After public consultations, the government intends to introduce licensing laws for OTC crypto trading and stablecoin operations. Public talks regarding licenses for OTC crypto trading services were started this month and will end on April 12, as per a response from Christopher Hui, the Secretary for Financial Services and the Treasury, in a response to the Legislative Council. In addition, a different consultation that ends on February 29 aims to regulate stablecoin issuers by

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, plans to launch a Central Bank Digital Currency (CBDC) in two years

Philippines’ central bank to launch a secure digital currency, bypassing blockchain

2 months ago 1 min read

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, plans to launch a Central Bank Digital Currency (CBDC) in two years, presenting it as a stable and regulated alternative to the volatile crypto market. In contrast to other digital currencies, the Philippine CBDC will make use of the Peso Real Time Gross Settlement System, which is governed by the National Payment Systems Act, rather than blockchain technology. BSP Governor Eli Remolona Jr. underlined that the CBDC is motivated by China’s e-CNY success to offer a safer digital currency option. It provides a more secure option than the erratic

Bitcoin's (BTC) price surged to over $46,200

Bitcoin’s price climbs to over $46,200, nearing a one-month high following ETF approvals

2 months ago 1 min read

On February 8, Bitcoin’s (BTC) price surged to over $46,200, a significant rise that was almost exactly mirrored by its performance. This comes almost a month after the approval of spot Bitcoin Exchange-Traded Funds (ETFs). With a market cap of over $908 billion, the most valuable crypto is on the verge of a substantial upswing. This was evidenced by its most recent valuation of $46,263, which was reached. The fact that this recovery is still below the month’s high of $48,500 on January 11 highlights the inherent volatility of the market. The crypto market as a whole has seen a

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