James Wilson, Author at Optimisus

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

A sophisticated attack on Ethereum MEV bots has resulted in a loss of over $25 million

Attack on Ethereum MEV Bots Results in $25 Million in Losses

1 year ago 1 min read

A sophisticated attack on a group of blockchain bots has resulted in a loss of over $25 million. These bots operate similarly to high-frequency traders, using speed and the technicalities of blockchain to capture arbitrage opportunities. However, they often have to put large amounts of money at risk to manipulate prices to sufficient levels. On April 3, an attacker compromised some of these maximal extractable value (MEV) bots by substituting their regular transactions with malicious ones, leading to the theft of their funds. Joseph Plaza, a decentralized finance trader at Wintermute, explained that the attacker likely set “bait” transactions to

OKX Seeks Virtual Asset License in Hong Kong

1 year ago 1 min read

OKX, a cryptocurrency exchange based in Seychelles, has announced that it will set up an office in Hong Kong and apply for virtual asset licenses to operate digital asset services in the city. The move comes ahead of new crypto regulations that are set to take effect on June 1 in Hong Kong. According to the Securities and Futures Commission in the city, OKX plans to apply for “Type 1 and 7” licenses under the Securities and Futures Ordinance. The type 1 license is for dealing in securities while type 7 is for automated trading services. The company also plans

BitMEX Founder Arthur Hayes Predicts Bitcoin to Surge by Over 3,400%

1 year ago 1 min read

Arthur Hayes, the co-founder of BitMEX, has predicted a massive rally for Bitcoin (BTC), with the cryptocurrency expected to hit $1 million in value. Hayes says the rally will be fueled by changes in Federal Reserve’s monetary policy, particularly interest rate cuts. Hayes believes that the rate cuts are inevitable, as U.S. Federal Reserve Chairman Jerome Powell will have to reduce rates to counter recessionary concerns. The move will inject more liquidity into the markets, and Bitcoin’s price has typically done well when more liquidity is available. In addition to the interest rate cuts, Hayes points to the Bank Term

Coinbase CEO believes that the future of the crypto industry can be best moved forward

Brian Armstrong Pushes for Greater Political Engagement from Crypto Industry

1 year ago 1 min read

Coinbase CEO Brian Armstrong has called for more representation of pro-crypto lawmakers in US politics, as he believes that the future of the crypto industry can be best moved forward when more crypto-friendly individuals are in charge. Speaking at a Twitter Spaces event, Armstrong urged crypto proponents to support pro-crypto candidates, make their voices heard, and donate to their campaigns. The call for more inclusive representation comes after the US Securities and Exchange Commission (SEC) sent Coinbase a Wells Notice, indicating a possible regulatory crackdown. Coinbase plans to sponsor pro-crypto candidates in US elections to ensure that the industry’s success

Celebrities Face SEC Charges Over Cryptocurrency Promotion Scheme

SEC Brings Charges Against Lindsay Lohan, Jake Paul, Soulja Boy, and Akon in Crypto Scam

1 year ago 1 min read

The Securities and Exchange Commission (SEC) has announced charges against a group of celebrities, including actor Lindsay Lohan and boxer Jake Paul, in connection with a cryptocurrency promotion scheme. Also included in the charges are a group of rappers and R&B stars, including Soulja Boy, Akon, and Lil Yachty. The SEC alleges that the celebrities promoted the cryptocurrency offering without disclosing that they were paid to do so. The SEC claims that the group received millions of dollars in exchange for promoting the cryptocurrency offering on their social media accounts. According to the SEC, the celebrities violated securities laws by