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

Mt. Gox Delays Repayment Deadline for Another Year

1 day ago 1 min read

Mt. Gox, the once-prominent cryptocurrency exchange, has decided to give its creditors more time by pushing back the repayment deadline. Originally scheduled for October 31, 2023, the new repayment deadline is now set for October 31, 2024. This decision comes after a long and challenging journey for Mt. Gox and its creditors. The exchange suffered a devastating hack in 2014, resulting in the theft of a staggering 850,000 bitcoins (BTC). At today’s prices, this amount is equivalent to nearly $23 billion. While the exchange did manage to recover approximately 20% of the stolen bitcoins following the hack, it left many

FTX Founder Sam Bankman-Fried Appeals for Pre-Trial Release in New York

1 day ago 2 mins read

Sam Bankman-Fried FTX exchange is gearing up for a crucial pretrial release hearing before the U.S. appeals court. This hearing comes as he prepares to face trial on October 3. Bankman-Fried’s initial plea for release was overturned last month after prosecutors argued that he was undermining the credibility of a key witness, Caroline Ellison, a former executive at Alameda Research. The upcoming pretrial release hearing will involve presentations from Bankman-Fried’s legal team and the Manhattan U.S. Attorney’s office. Each side will have five minutes to make their case in front of a three-judge panel at the 2nd U.S. Court of

Coinbase’s Base Network Hits Milestone: 1.88 Million Daily Transactions

4 days ago 1 min read

Coinbase’s Layer 2 network, Base, is rewriting the rules of crypto with its remarkable achievements. On September 14th, the network achieved an unprecedented milestone, processing a staggering 1.88 million daily transactions. This impressive feat propels Base ahead of well-established competitors like Arbitrum and Optimism. Base’s rapid rise to prominence, which began less than two months ago, can be attributed to several factors, including Coinbase’s significant influence and the growing enthusiasm for decentralized applications (dApps) such as Friend.Tech. While the record-breaking transaction count on September 14th grabs headlines, other key metrics underscore the network’s robust health. The base boasts an average

Bybit Refutes Rumors of Exiting the UK Market

1 week ago 2 mins read

Bybit crypto exchange has made it clear that it has no intentions of leaving the United Kingdom. This announcement comes in contradiction to earlier reports suggesting otherwise. On September 14th, Bybit issued a statement reaffirming its commitment to operate within the UK. A spokesperson from the company took to Twitter to emphasize the significance of the UK market in advancing crypto and blockchain technologies. The spokesperson stated, “We consider the UK to be a highly important market for the advancement of crypto and blockchain technologies. Our commitment to this market is unwavering, and we intend to maintain our presence in

Binance Counters SEC’s Deposition Request, Deeming it ‘Excessive

1 week ago 2 mins read

Binance.US has taken a firm stance against the U.S. Securities and Exchange Commission’s (SEC) request for depositions from the exchange’s executives and further discovery. In a redacted response, Binance.US has termed the SEC’s motion “unduly burdensome” and “freewheeling,” highlighting the absence of evidence supporting allegations that customer funds were wrongfully diverted. Binance.US emphasized that despite the extensive discovery process already conducted during the expedited discovery period, the SEC has failed to provide any concrete evidence to substantiate its allegations of investor assets being diverted. The exchange firmly stated that all available evidence, including documents, declarations, and sworn deposition testimony, supports

ARK Invest Files for Ethereum ETF

2 weeks ago 1 min read

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC). To bring this ETF to fruition, ARK Invest has joined forces with 21Shares, a well-established ETF provider with a strong track record in the industry. Together, they are set to launch the ARK 21Shares Ethereum ETF, a product designed to closely mirror the performance of Ethereum’s native cryptocurrency, ETH. So, what exactly sets this ETF apart? The ARK 21Shares Ethereum ETF aims to track ETH’s performance by utilizing the CME CF Ether-Dollar Reference Rate—New York Variant. This index is a

Shibarium Reaches 1 Million Wallets in Rapid Expansion

3 weeks ago 1 min read

Shiba Inu’s layer-2 blockchain, the Shibarium network, has witnessed a remarkable feat by surpassing the 1 million wallet mark. This achievement, marked as a significant milestone, comes as a testament to Shibarium’s rapid growth since its relaunch. The official Shibarium team proudly announced this milestone in a blog post dated September 3. It’s worth noting that this achievement was reached shortly after Shibarium’s relaunch on August 28. In just two weeks since the network’s initial launch, it has managed to add at least 900,000 new wallets. However, it wasn’t without its share of initial technical challenges. Data from the Shibarium

Shiba Inu’s Shibarium Goes Live, but SHIB Price Faces Decline

3 weeks ago 1 min read

Shiba Inu’s lead developer, Shytosi Kusama, has proudly declared the launch of Shibarium, an L2 scaling solution built on the Shiba Inu blockchain. Despite a bumpy journey marked by technical hiccups and price turbulence, the platform is now operational After a period of rigorous testing and refining, Shiba Inu has reached a significant milestone with the launch of Shibarium. In a blog post, Shytoshi Kusama highlighted the project’s progress, revealing that even prior to the official announcement, Shibarium had garnered an impressive user base of over 65,000 wallets. Notably, it had already processed 350 transactions, indicating a lively start. Shibarium’s

BONE and SUI Tokens Surge 20%, BTC Stuck at $26K

4 weeks ago 1 min read

Bitcoin (BTC) experienced a late-week surge and subsequent dip. But Bitcoin (BTC) has once again settled around the $26,000 mark, echoing a pattern seen in recent weekends. The altcoin landscape has also been relatively subdued, with standouts among the larger-cap options being XRP and SHIB, which have demonstrated noteworthy performance. August 17 witnessed one of the year’s most challenging trading days for Bitcoin, as the leading digital asset plummeted by over $3,000 to establish a two-month low just above $25,300. However, it rebounded swiftly, reclaiming the $26,000 threshold by the weekend. Subsequent days remained relatively uneventful for BTC, exhibiting limited

Shiba (SHIB) Whales Transfer Over $130 Million Amidst Shibarium Launch

1 month ago 1 min read

Over the past few days, as the highly anticipated Shibarium launch faced setbacks, a total of $131.57 million was transferred by whale addresses in 29 transactions, each involving at least $1 million. These significant movements in the Shiba Inu (SHIB) ecosystem have captured attention amid the protocol’s challenges. Data reveals that these transactions occurred starting on August 16, just before the official launch of Shibarium. This information was collected on August 18, a day after reports of the protocol’s failure, which left more than 1,000 ETH of Shibarium users locked in the bridge contract. This event raised concerns about fund

SEI Token Soars Over 3,000%

1 month ago 1 min read

Sei Labs, a tech firm dedicated to building solutions for the open-source layer 1 Sei blockchain, has made waves in the crypto realm with its recent announcement. On August 15, the company unveiled the beta phase mainnet for Sei, a blockchain renowned for its remarkable speed and efficiency. This milestone comes on the heels of Sei’s testnet alpha phase, during which it amassed an impressive 400 million transactions and created 7.5 million unique testnet crypto wallets. To mark the occasion, Sei also introduced its native token SEI, which enjoyed a spectacular debut by surging nearly 3,100% within a mere 24

Kraken Ventures Announces $100M Fund to Back Emerging Crypto Startups

1 month ago 2 mins read

Kraken Ventures, the investment arm of a prominent global cryptocurrency exchange, is poised to make a significant impact in the world of crypto startups with its ambitious plan to raise a $100 million fund. This substantial fund marks Kraken Ventures’ second major investment effort, coming on the heels of its successful $65 million fund raised just two years ago in December 2021. The focus of this new fund is firmly set on nurturing early-stage founders, with a unique approach that goes beyond traditional one-time investments. Brandon Gath, the managing partner of Kraken Ventures, emphasized that their support is a continuous