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

Bitcoin increased by 7.6%

Bitcoin (BTC) Price Surges 7.6% to $48,517 Following US Approval of First Spot Bitcoin ETFs

4 months ago 1 min read

In an astonishing turn of events, Bitcoin experienced a significant surge, increasing its price by 7.6% to $48,517. This surge followed the approval of the United States’ first-ever spot Bitcoin ETFs, a watershed moment in the cryptocurrency landscape. The approval sparked a frenzy of activity on popular finance platforms, with Yahoo Finance prominently displaying trending tickers like BlackRock’s IBIT and Grayscale’s GBTC. Bloomberg Intelligence analyst Eric Balchunas commented on the news, emphasizing the resilience of ETFs and sharing a chart illustrating the performance of spot Bitcoin ETFs in Europe. Balchunas expressed confidence that similar trends will emerge in the US

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

4 months ago 1 min read

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

Bitcoin's Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

4 months ago 1 min read

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides with significant developments in the ETF space, such as BlackRock’s filing fees with the US SEC. Filing fees are usually one of the last steps before an ETF can be

Solana Co-Founder Weighs in on Ethereum's Risks, Emphasizes Simplicity in Blockchain Language

Solana Co-Founder Talks About Ethereum’s Risks, Emphasizes Simplicity in Blockchain Language

4 months ago 1 min read

Anatoly Yakovenko, co-founder of Solana, recently discussed Ethereum’s challenges and shed light on Solana’s design principles. Here is a breakdown of Yakovenko’s key insights. Yakovenko expressed concern about Ethereum’s potential centralization issues. He emphasized the danger of specific parts of the network becoming overly dominant, posing a challenge to Ethereum’s decentralized goals. Yakovenko, on the other hand, emphasized an important aspect of Solana’s architecture: atomic composability. This feature allows for seamless collaboration among blockchain elements. While Yakovenko sees this as a strength, he admits that its value is dependent on recognition within the larger blockchain community. He claims that Solana’s

Over $1 Billion worth of crypto liquidated as Bitcoin drops below $41,500 yesterday

Over $1 Billion worth of crypto liquidated as Bitcoin drops below $41,500 yesterday

4 months ago 2 mins read

The crypto market is experiencing increased uncertainty as the US Securities and Exchange Commission (SEC) nears a decision on spot Bitcoin Exchange-Traded Funds (ETFs). While initial expectations were positive, recent expert analyses have added a note of caution. As the market speculated on the possible outcomes, Bitcoin’s value dropped 6.5% in minutes, falling from $44,400 to $41,500. This drop saw over $1 billion worth of crypto liquidated from the market. Bloomberg’s ETF expert, Eric Balchunas, tempered the general optimism by estimating that the ETFs have a 10% chance of being approved by the January 10 deadline. His assessment is based

The SEC of the United States is expected to issue a positive signal regarding the approval of spot Bitcoin exchange-traded funds (ETFs).

SEC May Signal Approval for Bitcoin ETFs, Paving the Way for Launches by January 10

4 months ago 1 min read

The Securities and Exchange Commission (SEC) of the United States is expected to issue a positive signal regarding the approval of spot Bitcoin exchange-traded funds (ETFs). This development may pave the way for several asset management firms, such as Ark Investments, 21Shares, Valkyrie, and others, to launch ETFs as early as January 10. The possibility of approval has sparked excitement in the crypto industry, with experts predicting increased institutional investor participation. According to industry experts, the SEC may soon notify asset managers of the approval of spot Bitcoin ETFs. Notably, several firms, including Ark Investments and 21Shares, submitted proposals before

Whale Transfers 47 million XRP To Crypto Exchanges

Whale Transfers 47 million XRP To Crypto Exchanges

4 months ago 1 min read

Recent on-chain data shows significant whale activity in XRP transactions, including a massive transfer of around 47 million XRP tokens to crypto exchanges. As the price of XRP falls, investors and the crypto community speculate on the reasons for these large transactions. According to a detailed report, a whale made two significant transfers, transferring a total of 47 million XRP tokens to centralized exchanges (CEXs). The transactions took place as the token’s price fell. The whale initially transferred around 24,800,000 XRP tokens worth $15,463,840 to the crypto exchange Bitso. The unknown wallet address was identified as r4wf7enWPx…5XgwHh4Rzn by the on-chain

Ethereum Wallet Linked to Trump's NFTs Reportedly Moves $2.4M Worth Of ETH

Ethereum Wallet Linked to Trump’s NFTs Reportedly Moves $2.4M Worth Of ETH

4 months ago 1 min read

An Ethereum wallet allegedly linked to former President Donald Trump has recently come under scrutiny for transferring millions of dollars in crypto, which is thought to be proceeds from the sale of non-fungible tokens (NFTs). These findings were highlighted in a December 27 report by Arkham Intelligence, which raised concerns about the financial activities associated with Trump-themed NFTs. Over the last three weeks, the Ethereum wallet in question transferred 1,075 ETH (around $2.4 million) to the cryptocurrency exchange Coinbase. The wallet’s current value, according to Arkham Intelligence, is $2.22 million, which includes $1.39 million in Ethereum assets and $644,000 in

Bitcoin ETF Could be Approved By January, Cathie Wood

Cathie Wood: U.S. Approval of Bitcoin ETF Expected in January 2024

4 months ago 1 min read

Cathie Wood, CEO of ARK Invest, is bullish on the prospect of a spot Bitcoin ETF being approved in the United States. Recent interactions with the U.S. Securities and Exchange Commission (SEC), according to Wood, have been encouraging, indicating a potential breakthrough for the institutional adoption of crypto. Wood emphasized a positive shift in the SEC’s approach during recent meetings with companies that have filed for Bitcoin ETF approval, including industry titans like BlackRock and Grayscale. She stated that the SEC’s detailed questioning suggests a more thorough evaluation process than in previous denials. Wood stressed the importance of clear communication

Binance Faces Market Share Challenges Amid Legal Woes but Shows Signs of Recovery Post $4.3 Billion Fine

Binance’s market share falls amid U.S. legal issues but shows signs of recovery after paying a $4.3 billion fine

4 months ago 1 min read

Binance, the world’s largest crypto exchange, saw its market share decline this year due to legal issues in the United States. The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) stepped up their investigations into Binance, accusing the platform of a variety of violations, including transferring US customers to its global platform and engaging in wash trading. The legal issues, combined with the recent collapse of FTX, prompted investors to withdraw their funds from Binance. Binance controlled roughly 70% of the market at the start of 2023. However, when the exchange suspended certain trading activities

Solana (SOL) has experienced a remarkable 58% surge in the last week

Solana (SOL) Soars By Over 900%, Overtaking BNB to Become 4th-Largest Crypto

4 months ago 1 min read

Solana (SOL) has experienced a 58% surge in the last week, reaching over $110 and securing its position as the fourth-largest crypto by market capitalization. SOL has surpassed Binance Coin (BNB), which has a market value of $41.1 billion. Solana is currently trading at $114, in line with the broader trend of a staggering 876% increase since the beginning of the year, including a remarkable five-fold increase in the last two months. The bullish momentum extends beyond market value, as evidenced by a significant increase in daily trading volume across the Solana network. Trading volume increased by 40% in the

Shiba Inu (SHIB) meme coin burn rate experienced an extraordinary surge

Shiba Inu (SHIB) burn rate surges by over 400% in the last 24 hours

4 months ago 1 min read

Shiba Inu (SHIB) burn rate experienced an extraordinary surge, increasing by 420% in the last 24 hours. Shibburn, a leading SHIB token burn tracker, reported 5.3 million SHIB burned across six transactions during this period. This surge, which reached a burn rate of 421.41%, has sparked interest in the SHIB community. As a result, the price of Shiba Inu increased marginally, rising by 1% to $0.00001038 at the time of reporting. The meme coin has gained nearly 25.3% in the last month, fueling speculation of further gains. The increased activity in token burns indicates that SHIB holders are taking part

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