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

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

5 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

5 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

5 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

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs.

Financial Giants Prepare for Historic Marketing Clash as Bitcoin ETF Approval Looms

5 months ago 1 min read

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs. A vivid forecast reveals the impending marketing battle between industry titans in a Reddit post by user slvbtc. As the deadline for spot ETF applications approaches, a slew of financial behemoths, including BlackRock, Wisdom Tree, Galaxy, Valkyrie, Ark Invest, VanEck, Fidelity, NYDIG, Franklin, and Global X, are gearing up for a marketing blitz. These firms, which collectively manage assets worth around $15 trillion, are set to compete for the top spot in the competitive Bitcoin ETF market. The

Chainlink and Polygon Experience Price Fluctuations Amidst New Investor Activity

Chainlink (LINK) witnesses a 17% drop from its yearly peak of $17.16

5 months ago 1 min read

Major altcoins Chainlink (LINK) and Polygon (MATIC) have recently experienced significant price fluctuations in the volatile crypto world. Chainlink, which reached a yearly high of $17.16 on December 9, has dropped sharply to $14.25, a 17% drop. Simultaneously, Polygon (MATIC) fell 3.83% in the last 24 hours and 8.50% in the last week and is now trading at $0.779. Despite the price drops, Lookonchain on-chain data analysts have discovered interesting activities in new wallets accumulating both LINK and MATIC. A new wallet (0x8eADf9a958199d769B8927f82BC6dd615a3f8571) withdrew 247,860 LINK ($3.5 million) from Binance in the last two days, while another withdrew 5 million

Bitwise Asset Management has listed its Bitcoin (BTC) exchange-traded fund (ETF)

Bitwise Asset Management has listed its Bitcoin (BTC) exchange-traded fund (ETF)

5 months ago 2 mins read

Bitwise Asset Management, a prominent crypto player, has listed its Bitcoin (BTC) exchange-traded fund (ETF) with the symbol $BITB on the Depository Trust & Clearing Corporation (DTCC). This development is significant because it increases the likelihood of the United States approving a spot BTC ETF. Bitwise’s initiative follows in the footsteps of Fidelity, indicating that cryptocurrencies are gaining acceptance in mainstream finance. A key figure at Bitwise, Matt Hougan, shared insights into the active efforts behind this strategic launch. To expedite the approval process, the company proactively engages in marketing initiatives, media outreach, and consistent dialogues with the U.S. Securities

Tether Implements New Policy to Freeze Wallets on US Sanctions List for Enhanced Crypto Security

Tether Implements New Policy to Freeze Wallets on US Sanctions List for Enhanced Crypto Security

5 months ago 1 min read

Tether, a well-known crypto company, has implemented a new policy. The policy, which goes into effect on December 1, 2023, entails freezing wallets associated with individuals on the US Office of Foreign Asset Controls (OFAC) list. This decision demonstrates Tether’s commitment to complying with US regulations and strengthening crypto security measures. Tether’s new CEO, Paolo Ardoino, is leading the strategic initiative to freeze wallets linked to sanctioned individuals. Ardoino’s leadership exemplifies Tether’s proactive approach to improving security protocols and ensuring compliance with global regulatory standards. The decision demonstrates Tether‘s commitment to preventing token misuse and remaining compliant with evolving legal

VanEck Predicts $2.4 Billion Surge in Bitcoin ETFs and Major Crypto Market Changes in 2024

VanEck predicts a $2.4B surge in Bitcoin ETFs in 2024

5 months ago 1 min read

VanEck, a leading investment firm, predicted a $2.4 billion inflow into Bitcoin exchange-traded funds (ETFs) in early 2024. The forecast is based on the release of the first true Bitcoin ETFs, which have the potential to reshape the crypto market. Because of their resistance to easy government control, investors are increasingly drawn to assets such as Bitcoin. Bitcoin, which is well-known for its resilience and resistance to traditional market trends, is gaining traction as a solid investment. Despite its volatility, experts predict that Bitcoin will remain above $30,000 in early 2024. Furthermore, a possible price increase is expected following a

Japan is preparing to implement a new tax system that will specifically target businesses that hold crypto as long-term assets

Japan Explores Tax Exemption for Businesses’ Crypto Holdings in Push for Digital Economy Leadership

5 months ago 2 mins read

Japan is preparing to implement a new tax system that will specifically target businesses that hold crypto as long-term assets. The proposed tax exemption for unrealized profits on crypto holdings is part of a larger Japanese legislative initiative to create a favorable environment for businesses and investors in the digital asset market. Lawmakers from the ruling coalition, the Liberal Democratic Party, and Komeito, are planning to propose a tax break for companies with unrealized profits in crypto. The initiative aims to reduce the tax burden on businesses while also encouraging long-term investment in the digital asset market. At the moment,

Kenya's bill strategically positions crypto assets as securities

Kenya passes a bill to regulate and tax crypto, aiming to provide clarity and prevent financial crimes

5 months ago 2 mins read

Kenya is set to usher in a new era by introducing the Capital Markets (Amendment) Bill, 2023. This forward-thinking legislation, recently approved by the Finance Committee, will now be debated in the National Assembly, marking an important step in Kenya’s approach to regulating and taxing crypto. The bill strategically positions crypto assets as securities, laying the groundwork for comprehensive regulation. Kenya hopes to achieve legal clarity while also fortifying its financial ecosystem against the potential risks associated with the burgeoning digital currency market. One of the bill’s most important provisions is imposing capital gains tax on crypto transactions, both within

Shibarium Sets Daily Transaction Record Amid Broader Crypto Resurgence

Shibarium Daily Transaction Increases Amid Shiba Inu (SHIB) Price Surge

5 months ago 1 min read

Following Bitcoin’s recent double-digit surge, altcoins are seeing an increase in transactions and values. Shibarium, the layer-2 scaling solution for the popular meme token Shiba Inu, has grown dramatically, particularly in terms of daily transaction volume. According to Shibarium Scan, a monitoring resource, the protocol processed an unprecedented 7.84 million transactions on Tuesday. This is Shibarium’s highest daily transaction volume ever recorded, bringing the total number of transactions since its official launch in April to more than 29.6 million. Shibarium, which was created to alleviate congestion on the Ethereum network, has successfully demonstrated its utility and stability at scale. Shiba

MicroStrategy Chairman Michael Saylor Notches Over $1.5 Billion Profit on Bitcoin Investments

Michael Saylor, the Chairman of MicroStrategy gains over $1.5 billion from his BTC investments

6 months ago 1 min read

Michael Saylor, the Chairman of MicroStrategy and a prominent Bitcoin investor, has reaped substantial profits surpassing $1.5 billion from his strategic Bitcoin investments. Saylor’s foray into Bitcoin began in September 2020, and his investment journey has proven lucrative, especially amid the recent surge in Bitcoin’s price. The recent rise in the price of Bitcoin to $39,411 has increased the value of his investment to nearly $7 billion. Saylor recently increased his Bitcoin holdings by purchasing 16,130 Bitcoin for $593.3 million, averaging $36,785 per Bitcoin. Profits from this additional investment totaled approximately $42.98 million. Saylor made another Bitcoin purchase in November

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