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

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

3 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

3 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

Tether (USDT) makes almost $3 billion in quarterly profits

Tether (USDT) makes almost $3 billion in quarterly profits

3 months ago 1 min read

Tether Holdings Limited has reported a “record-breaking” quarterly net profit of $2.85 billion in the fourth quarter of 2023. The details are outlined in the “Consolidated Reserves Report,” which BDO audited. According to the report, interest on US Treasury securities accounted for around $1 billion of net operating profits, with the remainder attributed to the appreciation of Tether’s gold and Bitcoin reserves. According to the report, Tether’s consolidated assets total more than $97 billion, which includes US Treasury securities, reverse repo, money market funds, Bitcoin, and gold. Cash and cash equivalents account for 90% of the company’s assets and serve

withdrawals from Grayscale's Bitcoin ETF (GBTC) have exceeded $5 billion since January 11

The US Bitcoin ETFs experience net inflows of only $1.8 billion

3 months ago 1 min read

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown in daily redemptions indicates a downward trend in GBTC outflows. Notably, Coinbase Prime received $289 million in bitcoin from Grayscale on Monday, a significant reduction from the previous week’s average

Florida regulators have taken legal action against Binance US

Regulators freeze and shut down Binance operations in Alaska and Florida

3 months ago 1 min read

Binance US is dealing with increased regulatory challenges. The company, which was already under scrutiny following CEO Changpeng Zhao’s resignation and investigations by the US Department of Justice, has now faced a regulatory freeze, resulting in the suspension of operations in Alaska and Florida. In the most recent development, Florida regulators have taken legal action against Binance US, deeming the crypto giant a potential threat to public safety. As a precautionary measure, regulators have suspended Binance US services in the state, emphasizing the importance of protecting the public’s interests. Binance US obtained a money services license in Florida in 2020,

The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10

SEC delays decision on Ethereum ETF to March 10, 2024

3 months ago 1 min read

The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10, 2024. The ETF, proposed by Nasdaq on November 21, 2023, is intended to track the price movements of Ethereum, a popular crypto. Originally, the SEC had a 45-day review period for the ETF proposal, ending on January 25, 2024. However, the regulatory body chose to extend this period, indicating a need for more time to thoroughly examine the complexities surrounding the Ethereum ETF. The proposed rule change has been open for public comment since December 11, 2023, but no comments have been received

Donald Trump Scores a Remarkable 15,000% Return on MAGA Meme Coin Investment

Donald Trump Scores a Remarkable 15,000% Return on MAGA Meme Coin Investment

3 months ago 2 mins read

Former President Donald Trump has made an incredible 15,000% profit on his investment in the meme coin “TRUMP” (MAGA). Despite the volatility of the crypto market, Trump’s investment in TRUMP has proven to be extremely profitable. According to crypto intelligence firm Arkham Intel, Donald Trump’s initial $7,100 investment in TRUMP tokens between August and October 2023 has grown to an impressive $1.07 million. This astonishing 15,000% return demonstrates the TRUMP meme coin’s exceptional performance in recent months. TRUMP is currently valued at $1.90 per token. Trump’s notable investment journey began when his address was tagged on August 16th, 2023. In

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

3 months ago 1 min read

Ethereum (ETH), which recently reached a high of $2,717, is now at a crossroads as it faces a gradual decline. Crypto analyst Ali identifies a critical demand zone, ranging from $2,388 to $2,460, that holds the key to Ethereum’s current price trajectory. Ali emphasizes the importance of the demand zone between $2,388 and $2,460, describing it as a critical support level. The resilience of Ethereum in this zone could be a deciding factor for a potential upward movement, providing much-needed relief from the current bearish pressures. Analysts predict that if Ethereum can maintain its position within the identified demand zone,

Uniswap Labs released a new security feature known as Permit 2.

Uniswap Labs releases a new security feature known as Permit 2

3 months ago 2 mins read

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission mechanism that users grant to smart contracts, granting them access to tokens. This permission is required for users to interact with different decentralized applications (DApps), such as decentralized exchanges and

the crypto market saw a trading volume of $36.6 trillion

Crypto exchanges trading volume surges to $10 trillion in 2023

4 months ago 1 min read

CoinGecko’s recently released 2023 Annual Crypto Industry Report sheds light on the state of crypto exchanges, highlighting the industry’s resilience and notable accomplishments this year. The report examines the dynamics of both centralized crypto exchanges (CEX) and decentralized exchanges (DEX) throughout the year. Despite the challenges faced by the crypto market, such as FTX’s collapse, global banking crises, and regulatory issues with Binance, the data shows that the market is recovering overall. In 2023, the crypto market saw a significant trading volume of $36.6 trillion. A significant highlight is the 53.1% increase in volume between Q3 ($6.7 trillion) and Q4

Chainlink (LINK) has seen a surge in recent trading sessions

Chainlink Surges Past Key Resistance Levels: Bulls in Control

4 months ago 1 min read

Chainlink (LINK) has seen a surge in recent trading sessions, overcoming critical obstacles and signaling a potential upward trend. The positive momentum caused LINK’s price to rise above $14.50, signaling a significant turnaround for the crypto. The path to this upward trajectory began when LINK established a strong base above $12.50 and launched a new surge. Bulls took control of the price, pushing it past key resistance levels and instilling hope in the Chainlink community. The break above a significant bearish trend line, which had resistance at around $14.85, was a watershed moment in this recent surge. The 4-hour chart

Circle (USDC) has officially filed for an Initial Public Offering (IPO) in the US

Circle (USDC) has officially filed for an Initial Public Offering (IPO) in the US

4 months ago 1 min read

Circle Internet Financial, the company behind the popular stablecoin USDC, has officially filed for an Initial Public Offering (IPO) in the US, marking a significant step forward in the company’s journey to greater acceptance and recognition. While specifics such as the number of shares and the expected price range for the IPO have yet to be revealed, the announcement has already sparked interest in the cryptocurrency and finance communities. Circle has stated that the IPO is subject to market conditions and other relevant factors, as well as the completion of the evaluation process by the US SEC. This strategic move

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