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

Hugh Hendry Warns US Government May Freeze American Bank Withdrawals

US Government May Freeze American Bank Withdrawals as Currency Crisis Looms, Says Hugh Hendry

1 year ago 1 min read

Macro guru Hugh Hendry has issued a major warning about the US banking system and the American economy. In a recent interview with Bloomberg Markets, Hendry stated that panic and capital flight away from the US banking sector are entirely justified. He believes that a further decline in the M2 money supply, which partly tracks money in liquid checking accounts, could prompt the US government to intervene and prevent citizens from taking their capital out of the banking system. Hendry says the capital flight from US banks is not solely about fears of whether the FDIC will insure deposits above

PEPE Tokens Prove Lucrative as Trader Nets $7 Million from $260 Investment

From $260 to $7 Million: How This Trader Turned PEPE Tokens into a Fortune

1 year ago 1 min read

PEPE coin’s recent surge in value has made several investors millionaires, with many buying the token for just a few dollars. One trader, dimethyltryptamine.eth, purchased 5.9 trillion PEPE tokens for $260 and has already made over $4 million in profit from selling part of the holdings, while still retaining a balance worth over $7 million. Other traders, holding over $1 million worth of PEPE, are also benefiting from the coin’s rise in value. However, the CEO of Binance, Changpeng Zhao, has warned investors of the high-risk associated with meme coin investments and advised crypto traders to conduct thorough research before

US government seeks guidance from AI experts to protect society

White House meets with AI leaders to address societal challenges

1 year ago 1 min read

The White House held a meeting on Thursday between Vice President Kamala Harris and top executives from leading companies involved in artificial intelligence (AI) development. The meeting aimed to reiterate the Biden administration’s commitment to fostering responsible and ethical AI development while mitigating risks to society, security, and the economy. Recent developments in AI, particularly the success of OpenAI’s ChatGPT program, have brought the ethical use of AI to the forefront of public discourse. Tech industry leaders also called for a pause on AI development in March, citing potential risks and harms. To support ethical AI development, the White House

Ripple CEO is all set to address the challenges and opportunities of crypto utility

Ripple CEO Brad Garlinghouse to Speak on Crypto’s Real-World Applications at Dubai Summit

1 year ago 1 min read

Ripple CEO Brad Garlinghouse is all set to deliver a keynote address on the challenges and opportunities of cryptocurrency utility and regulation at the upcoming Dubai Fintech Summit. The event, which is slated to take place on May 8 and 9 at the Madinat Jumeirah, is expected to bring together more than 5,000 global fintech executives and enthusiasts from around the world. Garlinghouse will be joined by CNBC reporter Dan Murphy to discuss the future of cryptocurrencies and the significance of regulatory frameworks in shaping the industry’s growth. The Ripple CEO’s keynote address is expected to shed light on the

FBI and Ukraine join forces to seize 9 exchange domains over money laundering accusations

FBI and Ukraine take down 9 crypto exchange websites over suspected money laundering

1 year ago 1 min read

The Federal Bureau of Investigation (FBI) and Ukrainian authorities have seized the domains of nine digital currency exchanges accused of aiding cybercriminals in money laundering activities. The seizure notice will appear on the websites of 24xbtc.com, 100btc.pro, pridechange.com, trust-exchange.org, and bitcoin24.exchange. These exchanges were accused of offering entirely anonymous digital currency exchange services and lax anti-money laundering measures. The FBI believes that these rogue exchanges serve as significant hubs in the cybercrime ecosystem and are advertised on online forums dedicated to discussing criminal activity. The FBI and other agencies have been involved in various cryptocurrency-related issues, including conducting a search

Ripple Labs and the US SEC continue their legal battle without a verdict

Ripple Vs. SEC: Speculation Arises Over Undisclosed Meeting Next Week

1 year ago 1 min read

Ripple Labs and the US Securities and Exchange Commission (SEC) continue their legal battle without a verdict, but rumors suggest a potential undisclosed meeting between the parties on May 8. The meeting has led to speculation about a possible settlement. However, XRP community attorney John E. Deaton doubts the rumor’s validity, believing that Ripple and the SEC can meet anytime they want. Deaton suggests that a settlement would only happen after a ruling by Judge Torres and if Ripple wins a big victory. Moreover, Ripple could be concerned about the regulatory safety of its partners. Deaton believes Ripple CEO Brad

JPMorgan Chase to acquire troubled First Republic Bank assets in FDIC agreement

JPMorgan moves to acquire troubled First Republic Bank

1 year ago 1 min read

First Republic Bank (FRB) is set to be acquired by JPMorgan Chase after early efforts to rescue it failed. On May 1, the California Department of Financial Protection and Innovation closed FRB and entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) as the receiver. JPMorgan will assume all assets of FRB, including uninsured deposits, which currently amount to $229.1 billion in assets and $103.9 billion in deposits. In addition, a loss-sharing agreement was agreed upon between the FDIC and JPMorgan for residential and commercial loans acquired by the FRB. As part of the transfer, 84 locations of

Ripple Seeks Innovative Financial Projects in Open Call

Ripple Invites Web3 Developers to Create Financial Projects

1 year ago 2 mins read

The XRP Ledger Grants Program has announced its sixth wave, offering a golden opportunity for developers worldwide to create innovative financial projects on the XRP Ledger (XRPL). The program seeks projects that address financial inequities, streamline traditional financial processes, and provide new use cases for the XRPL. The deadline for applications is set for June 18, 2023. The Grants Program welcomes applications for various projects such as applications, services, tools, and middleware that tackle financial use cases like financial equity and inclusion, decentralized finance, data and indexing, payments, e-commerce, merchant tooling and integration, tokenization, decentralized compliance and security, interoperability, developer

Circle’s Cross-Chain Protocol Connects Ethereum and Avalanche Stablecoins

Circle Launches Cross-Chain Stablecoin Transfers between Ethereum and Avalanche

1 year ago 1 min read

Circle has released its Cross-Chain Transfer Protocol (CCTP) for Ethereum and Avalanche chains, making it possible for users to transfer their USD Coin stablecoin (USDC) between the two blockchain networks. The CCTP eliminates the need for traditional lock-and-mint approaches and allows developers to offer a secure experience to users for moving USDC natively across chains. Circle’s USDC is the second-largest stablecoin in the crypto market with a total supply of nearly $29 billion. The CCTP has already been integrated by bridge projects and interoperability-focused protocols such as Celer Network, Li.Fi, Layer Zero, Multichain, and Router Protocol, and will soon be

Europe Takes the Lead in Crypto Regulation with Digital Euro Plan

1 year ago 1 min read

The European Parliament has approved the EU Commission’s proposed MICA legislation, which aims to create uniform regulatory standards for the cryptocurrency industry across EU countries. The legislation will be sent to the European Council for final approval in the coming months. The proposed law introduces comprehensive safeguards and regulations to protect clients and investors, including the requirement for crypto exchanges to hold clients’ funds and adequate capital buffers. Stablecoin issuers must prove their stablecoin is backed 1:1 with cash. The regulations also include extensive anti-money laundering (AML) and know-your-customer (KYC) regulations. The European Commission is also preparing for the launch

FilDA Lending Platform Suspends Activities After Security Breach Resulting in Loss of $700,000

Cross-Chain DeFi Project FilDA Finance Halts Operations After Losing $700K to Hackers

1 year ago 1 min read

Cross-chain lending DeFi project FilDA Finance recently suffered a major setback when it halted its operations on the Elastos Smart Chain (ESC) and REI Network due to an exploit that resulted in a loss of approximately $700,000. The hack occurred on April 23, and the company has stated that it is still investigating the incident. In a public statement, FilDA announced that it has identified the vulnerability and isolated the attack vector. However, the ESC and Rei FilDA platforms have been temporarily suspended. FilDA is tracing the activities of the hacker, and initial investigations show that the attacker’s address interacted

the past 2 years have seen the emergence of NFTs and memecoins

The Impact of Memecoins and NFTs on Crypto Cycles: A Look into the Future

1 year ago 2 mins read

The world of cryptocurrency has been known for its volatile nature, with capital flowing from fiat currencies to Bitcoin and other large caps before trickling down to mid and low caps. However, the past two years have seen the emergence of non-fungible tokens (NFTs) and memecoins, which have disrupted the existing patterns in the industry. NFTs, especially Profile Picture NFTs (PFPs), are a hybrid of an identity solution, a club, and a fungible token. The NFT market has different sizes based on market cap, with Bored Ape Yacht Club (BAYC) and Azuki leading the large-cap category. In the mid-cap category,

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