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

Silvergate Bank's Alleged Association with FTX Brings About Combined Legal Action

Judge Combines Silvergate Lawsuits Involving Alleged Ties to FTX

1 year ago 1 min read

A California judge has ordered the consolidation of three investor lawsuits against the now-defunct crypto bank, Silvergate Bank. The lawsuits involve the bankrupt crypto exchange FTX, which is accused of facilitating investor fraud with the help of Silvergate. The three cases, brought by four former investors, will remain separate from other federal cases against FTX and its founder, Sam Bankman-Fried, but will be combined by mutual agreement of the litigants. Silvergate is accused of aiding and abetting FTX’s alleged misconduct, including processing illegitimate transfers of FTX customer funds to its sister trading firm, Alameda Research. The consolidation was ordered due

Unchained Secures $60M Investment to Revolutionize Collaborative Custody for Bitcoin

Unchained Secures $60M in Funding to Expand Collaborative Custody Bitcoin Services

1 year ago 1 min read

Unchained Capital has secured $60 million in a Series B funding round led by Valor Equity Partners, despite the bear market grind. The financial services provider for Bitcoin holders offers a more secure way to hold fees than storing crypto on centralized exchanges or single-key solutions. Unchained’s custody model leverages the Bitcoin network’s native multi-signature capabilities, with clients sharing control of their Bitcoin between private keys they hold and private keys held by Unchained or other financial services companies. The multi-sig process eliminates single points of failure and mitigates counterparty risk by sharing it between multiple parties, radically reducing risk

UAE's Federal Financial Regulator Launches VASP Licensing Application Process

UAE’s Federal Financial Regulator Facilitates Licensing for Virtual Asset Service Providers

1 year ago 1 min read

The United Arab Emirates (UAE) has taken a major step towards regulating the virtual asset sector with the announcement that the Securities and Commodities Authority (SCA) will begin accepting licensing applications from firms that provide virtual asset services. The move comes after the UAE’s Cabinet issued resolution number 111 of 2022, aimed at regulating virtual assets and creating an attractive investment environment for global companies and institutions operating in the virtual assets sector. According to the SCA, all virtual asset service providers operating in the UAE must obtain a license from the regulator, with the exception of those licensed in

Israel's Central Bank Looks to the Future with Digital Shekel Proposals

Israel’s Central Bank Explores Possibilities of Issuing a Virtual Currency

1 year ago 1 min read

Israel’s Central Bank is keeping a close eye on various scenarios that could impact its decision to issue a digital shekel (SHAKED). These scenarios include the widespread adoption of stablecoins and a decline in the use of cash, as well as significant technological developments in payment systems and competition in the domestic payment system. The Bank of Israel’s steering committee on the potential issuance of a digital shekel emphasized in a recent report that it has not yet decided to issue a central bank digital currency (CBDC). While 90% of the world’s central banks are examining CBDCs, only a few

Binance Users Face Weeks-Long Delays for ETH Withdrawals After Shapella Downtime

Binance Announces Delayed ETH Withdrawal Requests Following Shapella Upgrade

1 year ago 1 min read

On April 13th, cryptocurrency exchange Binance revealed that Ethereum (ETH) withdrawal requests may take several weeks to process. This announcement was made just a day after the Shapella upgrade went live on the Ethereum mainnet. The Shapella upgrade is one of the most highly-anticipated events in the crypto space for 2023. It enables ETH validators to withdraw their locked funds. However, Binance stated its need to set a daily redemption quota for each user due to the Ethereum network’s processing limitations. Binance, the world’s largest crypto exchange by trading volume, announced that its users will be able to redeem their

Shiba Inu and Shibarium are both seeing significant growth

Shiba Inu’s Shibarium Shows Strong Growth as SHIB Hits New Milestones

1 year ago 1 min read

Shiba Inu and its layer-2 technology platform, Shibarium, are both seeing significant growth, with Puppynet, the beta testnet, exhibiting an incredibly rapid expansion. Within the first week of its relaunch on March 24, Puppynet had already recorded over 100,000 wallet addresses, and this growth has continued to soar. As of April 11, Shibarium has broken the 2.5 million transaction mark, with 373,696 wallet addresses already created, and an average block time of 328,985 blocks produced. On April 11 alone, 890,399 transactions were processed in just one day, with Puppynet reaching its previous record of 481,151 transactions the day before. Shiba

US Presidential Candidate Robert Kennedy has become a proponent of Bitcoin

U.S. Presidential Candidate Robert Kennedy Praises Bitcoin’s Role as a Safe Haven Asset

1 year ago 1 min read

US Presidential Candidate Robert Kennedy has become a proponent of Bitcoin as a safe haven during times of financial instability. In an era of evolving finance, where cryptocurrencies like Bitcoin are gaining popularity, Kennedy argues that decentralized networks like Bitcoin are less vulnerable to market volatility and government policies, offering an alternative to the traditional financial system. The US government has been increasingly critical of the crypto industry, with the launch of FedNow, a real-time payment system backed by a version of a central bank digital currency. Kennedy has voiced concerns about the Federal Reserve’s monetary policies and its relationship

Adidas has introduced the last stage of its Into The Metaverse project

Adidas doubles down on NFTs despite the market downturn

1 year ago 1 min read

Adidas has introduced the last stage of its “Into The Metaverse” project, which brings forth its “ALTS” NFTs. While some companies have distanced themselves from NFTs since the peak of the crypto market in 2021, Adidas continues to delve into this trend. Chapter 1 of this launch was released in April 2023, and the following months will bring more functionality and enhanced holder benefits. With the ALTS NFT, users can start Phase 3, which enables them to burn Phase 1 and 2 tokens of ITM. The NFT has a dynamic user identification (PFP), which changes over time due to an

Robert Kiyosaki has issued a dire warning about the impact of inflation

Robert Kiyosaki predicts deadly consequences of surging inflation

1 year ago 1 min read

Renowned financial expert Robert Kiyosaki has issued a dire warning about the impact of inflation on the American middle class and the government’s energy policies. In a recent interview, Kiyosaki highlighted the critical role of oil in powering society and suggested that government policies on the commodity would eventually make the middle class obsolete. He also criticized President Biden’s decision to withdraw from Afghanistan, which he claimed resulted in Saudi Arabia joining forces with Russia and driving up the price of oil. Kiyosaki has been vocal in his criticism of the Federal Reserve’s handling of inflation and has encouraged investors

The Sandbox has announced over 40 partnerships to try and jumpstart

Is the Future of Sandbox (SAND) in Doubt as Metaverse Hype Dies Down?

1 year ago 1 min read

The price of Sandbox (SAND) has been struggling to stay above $0.65 since March 24. With decreasing daily active users and a sell-off by crypto whales, the SAND price could drop further. As the hype around virtual worlds and metaverse projects fades, The Sandbox has announced over 40 partnerships to try and jumpstart its upcoming Mega City 3 launch later this month. However, the inconsistent daily active users on the platform have been a hindrance to the resurgence of the SAND price. The project has failed to attract 1,000 daily users since March 31, with only 730 users recorded on

Layer-2 Solution zkSync Recovered $1.7M

Layer-2 Solution zkSync Recovered $1.7M in ETH from Smart Contract

1 year ago 1 min read

Gemholic, an ecological project that raised 921 ETH in an IDO on layer-2 protocol zkSync, faced issues withdrawing its Ethereum due to an incompatibility with the transfer function, resulting in more than 900 ETH getting stuck in a smart contract. The protocol’s team offered to help Gemholic recover its $1.7 million worth of Ethereum, assuring that the funds were safe. zkSync is not EVM equivalent, which caused the incompatibility. The smart contracts were deployed on zkSync without being tested first. zkSync warned about the Solidity transfer function in 2019. The team identified an elegant solution to solve broader gas-related problems,

DWF Labs has invested $16 million in RACA Web3 company

RACA Receives $16M Investment from DWF Labs to Drive Web3 Gaming Innovation

1 year ago 1 min read

DWF Labs has invested $16 million in RACA, a Web3 gaming ecosystem company, as part of a deal that includes purchasing an unspecified amount of RACA tokens. The investment will help RACA in achieving its goal of becoming an expansive Web3 gaming ecosystem. RACA was founded in 2021 as a manager of non-fungible tokens (NFTs) by Maye Musk, the mother of Elon Musk. The company has already launched a range of products including a sandbox game, a social party game, a cross-game DID wallet and an NFT marketplace. DWF Labs is an investment firm and market maker that has been

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