Author: Nola Robert

Article written by Nola Robert

The US SEC drops its investigation into OpenSea

February 23, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into OpenSea without filing any charges. OpenSea’s CEO, Devin Finzer, views this as a win for the NFT industry. The investigation began in August 2024 and focused on whether NFTs on OpenSea were unregistered securities. Although a Wells notice hinted at possible enforcement, the SEC has decided not to pursue the matter. This decision follows the SEC’s recent dismissal

Former Binance CEO CZ believes crypto wallets should be used for daily transactions

February 20, 2025 2 mins read

Former Binance CEO CZ believes that crypto wallets should be the main tool for daily transactions, while exchanges should cater to professional traders. He shared this opinion during a discussion with Trust Wallet CEO Eowyn Chen. CZ emphasized that wallets are evolving beyond just storage options. Even though CZ is no longer at the helm of Binance, he is still active in the crypto space through YZI Labs and the

Whales move over 28,000 BTC into accumulation addresses

February 19, 2025 1 min read

CryptoQuant reported that over 28,000 BTC have moved into accumulation addresses. These addresses are usually used by OTC trading desks, institutional investors, and long-term holders, often called whales. Accumulation addresses are not tied to exchanges, showing that Bitcoin is being taken off the market instead of being readied for sale. Big Bitcoin transfers indicate that major investors are buying for the long haul. This activity usually involves OTC deals, meaning

Senator Cynthia Lummis pushes for the Bitcoin Strategic Reserve

February 16, 2025 2 mins read

Senator Cynthia Lummis is a leading advocate for Bitcoin in the U.S., representing Wyoming. She promotes the integration of Bitcoin into national economic policy, notably through her Bitcoin Strategic Reserve initiative aimed at boosting financial stability. Recently, she became chair of the Senate Banking Subcommittee on Digital Assets, a crucial role for shaping Bitcoin regulations. At the upcoming Bitcoin 2025 event, Lummis will address Bitcoin’s significance in financial reserves and

Argentina’s LIBRA token drops by over 90%

February 16, 2025 1 min read

Argentina’s recent launch of the $LIBRA token has caused a stir in the cryptocurrency market. Promoted by President Javier Milei, the Solana-based meme coin initially soared to a market cap of $4.5 billion. However, it quickly collapsed by about 90% due to doubts about its legitimacy. After reaching a peak price of $4.50, LIBRA’s value fell to around $0.50, with a trading volume of $1.1 billion. Following this drastic drop,

Judge pauses legal dispute between Binance and SEC until April

February 14, 2025 1 min read

A judge in Washington D.C. has paused the legal battle between Binance and the U.S. Securities and Exchange Commission (SEC) for 60 days. Judge Amy Berman Jackson ordered this stay and requested both parties to submit a joint status report by April 14. The pause was requested by Binance and the SEC in a court filing. They cited the SEC’s new crypto task force, which aims to create clear rules

The US SEC delays decision on the BlackRock iShares Ethereum ETF Options

February 8, 2025 1 min read

The number of crypto ETF filings is rising globally. The SEC is processing some of these filings but delaying others for various reasons. Recently, they extended the deadline for a decision on the iShares Ethereum ETF Options to April 9. iShares is a financial services firm under BlackRock that offers ETFs. The reason for the delay in the decision is unclear. The SEC stated that they need more time to

The SEC acknowledges Grayscale’s Solana and Litecoin ETF filings

February 8, 2025 2 mins read

The U.S. Securities and Exchange Commission (SEC) has recognized Grayscale’s proposals for Solana and Litecoin exchange-traded funds (ETFs). This is a significant development, especially since it is the first time the SEC has acknowledged a Solana ETF filing. This change could indicate a more favorable attitude toward cryptocurrency investment products. The SEC’s announcement comes during a period of leadership changes, which has led to optimism about a more supportive regulatory

Coinbase urges US regulators to confirm banks can offer crypto services

February 6, 2025 2 mins read

Coinbase is urging US regulators to allow banks to offer cryptocurrency services. As the largest custodian for US-based spot Bitcoin ETFs, Coinbase wants state-chartered banks to provide and outsource crypto custody and execution services. They are asking regulators to confirm that banks can legally serve crypto businesses. In a letter to the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC),

The parents of former FTX CEO seek to get their son a presidential pardon

February 1, 2025 1 min read

Sam Bankman-Fried’s parents are trying to secure a presidential pardon for their son from Donald Trump. Joseph Bankman and Barbara Fried, both law professors at Stanford, have met with lawyers and Trump administration members to discuss this matter. Their son is currently serving a 25-year prison sentence after being convicted of fraud. He was sentenced in March 2023, following the bankruptcy of his cryptocurrency platform, FTX, in 2022. This effort

Blockchain travel platform Travala.com considers a $100M acquisition offer

January 29, 2025 1 min read

Travala.com is a blockchain travel platform backed by Binance, currently considering acquisition offers after receiving an unsolicited proposal. The platform accepts cryptocurrency payments and has achieved over $100 million in annual revenue, with a valuation around $100 million. The rise in cryptocurrency use fuels its growth potential. Founded in 2017, Travala provides over 3 million travel options in over 230 countries, allowing payments in various cryptocurrencies, including its own token,

Ledger co-founder was rescued after being kidnapped in France

January 24, 2025 2 mins read

David Balland, a co-founder of Ledger, a cryptocurrency company, was recently freed after being kidnapped in central France. He and his wife were taken from their home in the Cher region early Tuesday morning. The kidnappers demanded a large ransom in cryptocurrency from another Ledger co-founder. French national police and the elite GIGN unit negotiated with the assailants. Eventually, authorities located Balland and arrested several suspects. His wife was found