Author: Nola Robert

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Nola Robert

Nola Robert is considered a thought leader in crypto industry, and her work is widely read and respected by industry professionals, investors, and enthusiasts alike. Nola is also known for her ability to explain complex topics in an easy-to-understand manner, making them accessible to a wider audience.

Articles by Nola Robert

UK Financial Institutions Cite Fraud, Volatility as Reasons for Blocking Crypto Access

18 hours ago 1 min read

UK bank executives have blocked customer access to crypto assets due to concerns over fraud and volatility, according to testimony given to the Treasury Select Committee. NatWest CEO Alison Rose stated that the bank has taken a “pretty hard line” on crypto, blocking both retail and wealth customers from transferring into crypto due to the volatility and stability of the platforms. Rose also noted that fraud originating from social media and technology platforms was a significant concern. Other bank executives, such as Lloyds CEO Charlie Nunn, expressed support for new regulations in the sector, but expressed skepticism about cryptocurrencies themselves.

Dubai Establishes Regulatory Guidelines with Licensing Requirement for Crypto Firms

18 hours ago 1 min read

Cryptocurrency companies in Dubai are now required to obtain authorizations and licenses to operate in the jurisdiction, according to new virtual asset rulebooks. The extensive rules, published on Tuesday, outline requirements for companies in areas such as cyber security, compliance, and risk management standards. Specific activities, such as issuance, advisory, custody, and exchange services, have their own set of rulebooks. All companies and activities will be overseen by the Virtual Assets Regulatory Authority (VARA), which was established last year to regulate the crypto and blockchain sector in Dubai. Dubai aims to become a regional fintech hub and is the most

DeFi Hack: Over $180,000 Stolen From CoW Swap

23 hours ago 2 mins read

The recent hack of the CoW Swap decentralized exchange (DEX) has once again brought attention to the security issues in the DeFi space. The DeFi market has seen billions of dollars stolen in 2022, and 2023 has already seen several incidents, including this one where an attacker was able to siphon over $180,000 in funds from the platform. The attacker used the GPv2Settlement contract and was able to trick the system into approving SwapGuard for DAI spending, and then used the SwapGuard to transfer the DAI from the GPv2Settlement. The SwapGuard function reportedly allows anyone to make arbitrary function calls,

Report: North Korean Hackers Stole 45% of $3.8 Billion in Crypto in 2022

2 days ago 1 min read

A report from Chainalysis revealed that North Korean hackers were responsible for 45% of the $3.8 billion that was stolen from cryptocurrency in 2022. March and October saw the highest number of hack attacks, with a total of 55 separate hacks and $1.4 billion stolen. The total amount stolen from hacks in 2022 was lower than in 2021, with more than 200 hacks and $3.8 billion stolen compared to more than 200 hacks and $3.3 billion stolen in 2021. The primary North Korean-based hacker group, Lazarus, also known as Guardians of Peace, is believed to be run by the North

Brazil Grants Police and Prosecutors Authority to Confiscate Crypto

2 days ago 1 min read

The Brazilian Federal Public Ministry (MPF) has drafted a guide for prosecutors and law enforcement to confiscate cryptocurrency, according to an official release. The MPF presented the guide to the Criminal Chamber and dedicated crypto units, and representatives from the National Council of Justice, the Federal Police, and the tax agency also saw the proposal. The MPF emphasized the growing significance of crypto in the legal field and aims to get feedback from law enforcers and tax officials soon. Furthermore, the guidelines could be adopted immediately by prosecutors if the Criminal Chamber approves the proposal. The MPF is also preparing

Proposed Lawsuit Accuses Logan Paul of CryptoZoo “Rug Pull”

5 days ago 1 min read

The proposed class action lawsuit against Logan Paul and his associates alleges that they engaged in a fraudulent “rug pull” scheme. The suit claims that Paul and his associates misled consumers by falsely claiming that they would receive benefits in exchange for transferring cryptocurrency to purchase the CryptoZoo NFTs. The Plaintiffs allege that Paul and his associates had an obligation to disclose their material failures to purchasers, and as a result, they are seeking punitive damages as well as damages for fraud, conspiracy to commit fraud, unjust enrichment, and violating the Texas Deceptive Trade Practices Act. In addition to the

FTX Debt Collectors Seek Legal Action Against Sam Bankman-Fried’s Close Associates

6 days ago 1 min read

Debtors of FTX, the cryptocurrency exchange, are seeking subpoenas to obtain information from the inner circle of its founder, Sam Bankman-Fried. The United States Bankruptcy Court for the District of Delaware filed a motion to locate and secure assets belonging to the company and its investors. Only the legal representatives of FTX’s COO and Bankman-Fried’s father have agreed to share information. FTX’s former CEO has not cooperated with the bankruptcy proceedings despite public promises on social media. Several other FTX insiders, including Barbara Fried, Gary Wang, and Caroline Ellison, have also ignored requests for information. The subpoena is expected to

Online Retailers Report Boost in Digital Yuan Sales

7 days ago 1 min read

The transaction volume of China’s central bank digital currency (CBDC), the digital yuan (also known as e-CNY), during the Lunar New Year holiday saw a significant increase compared to the previous year. According to state-backed media outlets, JD.com, one of the largest e-commerce platforms in China, saw 12 times more transactions in digital yuan compared to last year’s amount, with total transactions reaching 1.5 billion yuan (US$220 million). Another platform, Meituan, saw a five-fold increase in digital yuan transactions. The majority of digital yuan transactions came from piloting cities such as Guangzhou, Shenzhen, Beijing, Suzhou, Chengdu and Shanghai. The digital

Binance Expands into Decentralized Web3 Storage with BNB Greenfield

7 days ago 1 min read

Binance has launched a new white paper detailing its latest project, BNB Greenfield, which is a decentralized Web3 storage infrastructure built on Binance’s blockchain platform, BNB Chain. The system allows users and decentralized applications to have full ownership of their data and is being built as a decentralized storage system with smart contract integrations. BNB Greenfield will be supported by community developer teams from Amazon Web Services, NodeReal, and Blockdaemon. The system will use non-fungible tokens and smart contracts for data ownership and management, with Binance’s BNB token being used for the financialization of data storage. Users who hold BNB

India Maintains Crypto Tax Limits in 2023 Budget

7 days ago 1 min read

India has kept its restrictive crypto tax rules unchanged in the 2023 budget. The Finance Minister did not mention cryptocurrency, virtual digital assets, blockchain, or central bank digital currencies in the budget, indicating that the current tax rules remain in place. Last year, India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all crypto transactions, causing a drop in crypto trading volumes and a shift of $3.8 billion in trading volume from local to international exchanges. The crypto industry and policy think tanks had recommended reducing the TDS to 0.01% or at least

Coinbase Wallet Introduces New Safety Measures in Wake of NFT Scams

1 week ago 1 min read

Coinbase, one of the leading crypto firms, has announced new safety and user experience features to its Wallet app in order to combat the growing number of phishing scams, malicious airdrops, and other scams targeting crypto users. The new features, including transaction previews, token approval alerts, a blocklist of flagged dApps, and improved revoke features, will help Wallet users better understand how engaging with a smart contract will affect their Wallet balances before they sign, and will also help to protect users from malicious activity. This move from Coinbase comes days after a high-profile incident of a phishing attack that

BlockFi Authorized to Organize Mining Auction

1 week ago 1 min read

BlockFi, the bankrupt crypto lending platform, has received court approval to auction its Bitcoin mining business. The company has received bids for its assets and is expected to receive more due to favorable market conditions. BlockFi’s assets include ASICs (mining computer hardware) and the bids for these assets are due by Feb 20, with an auction to be held a week later. Bitcoin’s recent rise in price has brought Bitcoin miners back into the profit zone, making BlockFi’s ASICs more attractive to buyers. BlockFi filed for bankruptcy in November after the collapse of FTX and Alameda Research to which it