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

US, UK probe Garantex’s $20B in crypto, eyeing sanctions evasion

2 weeks ago 1 min read

The United States and United Kingdom are conducting investigations into crypto transactions totaling over $20 billion that are connected to the Russian exchange Garantex. This underscores the worldwide difficulty of implementing sanctions in light of the ongoing conflict in Ukraine. The inquiry focuses on Tether (USDT) transactions conducted via Garantex, a company that was subjected to sanctions in 2022. The investigation is prompted by suspicions that Garantex may have facilitated illegal financial activity in Russia. Russia has successfully evaded financial sanctions via the use of cryptocurrencies such as Tether, despite the global community’s attempts to prevent this. This situation underscores

KuCoin and its founders face U.S. charges for illicit operations and evading anti-money laws

3 weeks ago 1 min read

Damian Williams, the top prosecutor of the U.S. Southern District of New York, and Darren McCormack, the temporary head of HSI New York, have revealed charges against KuCoin and its founders, Chun Gan and Ke Tang. The accusations pertain to illicit money transfer and violation of the Bank Secrecy Act, namely the absence of a comprehensive program to deter money laundering and terrorist funding, inadequate verification of client identities, and failure to disclose suspicious actions. KuCoin’s endeavor to expand its U.S. customer base with the aim of becoming a leading cryptocurrency exchange has resulted in more than $9 billion worth

US lawmakers are hopeful about approving crypto regulations before the upcoming November elections

3 weeks ago 1 min read

Legislators in the United States are hopeful that they may enact major crypto legislation before the November elections, and this includes Senator Cynthia Lummis and Congressman Patrick McHenry. McHenry thinks that the change in leadership from Kevin McCarthy to Mike Johnson as House Speaker has accelerated legislative progress, creating unique chances to adopt legislation pertaining to crypto in a year when elections are taking place. He has high hopes for two legislation that would regulate stablecoins and improve the crypto market: the Keep Innovation in America Act and the Clarity for Payment Stablecoins Act. In line with the Biden administration’s

Over $11 million worth of XRP moved from Binance to an unknown wallet

1 month ago 1 min read

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often indicate purposeful movements by important participants in the market, such as XRP accumulation, in which wealthy investors increase their holdings in expectation of future price gains. The timing of these

Binance exchange suspends Nigeria Naira (NGN) deposits

1 month ago 1 min read

Binance exchange has said it will leave the Nigerian market and stop all services that use the Nigerian naira (NGN), which is the country’s official currency. After March 8, the largest crypto exchange by trading volume will no longer let people withdraw NGN. Any leftover balances will be automatically converted to the stablecoin Tether (USDT). Furthermore, the exchange wants Nigerian users to make a smooth transition, so they have been telling them to withdraw their NGN, sell their NGN assets, or turn them into crypto before NGN services end. For the purpose of determining the conversion rate for NGN to

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

2 months ago 1 min read

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides, the introduction of Sum of Products (SOPs) optimizes script size and boosts smart contract execution speed on Cardano. Cardano founder Charles Hoskinson expresses his optimism about the significant steps Plutus

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

2 months ago 1 min read

Reddit Inc has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods. “We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” the social media of the firm said, adding: Ether and Matic received from the sales of virtual goods was not material for the years ended December 31, 2022 and 2023. In addition, the company said they

Bakkt can now raise $150 million from securities sales over three years

2 months ago 1 min read

The US Securities and Exchange Commission (SEC) has approved Bakkt‘s shelf registration application, providing a lifeline that could pull the company back from the precipice. The cash-strapped crypto firm revealed late on Wednesday that the “universal shelf” registration of the crypto custody and trading platform had been approved by the SEC, as shown in a recently filed Form S-3. With the approval of the regulator, Bakkt can raise additional funds over the next three years through securities sale offers. In particular, Bakkt can raise up to $150 million in fresh capital thanks to the shelf registration, which eliminates the need for

This company predicts Bitcoin price to reach $112,000 in 2024

2 months ago 1 min read

A company called CryptoQuant, which offers on-chain data and analysis, has projected the price of Bitcoin (BTC) to rise sharply by 2024. According to the company, if the inflows from spot Bitcoin exchange-traded funds (ETFs) continue at the current pace, the price of BTC could reach $112,000 this year. The firm added that the worst-case price for BTC is $55,000, still a 15% rise over its current value. The forecast was based on how inflows affected the market cap of BTC and a ratio that gauges its valuation. According to Ki Young Ju, CEO of CryptoQuant, spot Bitcoin ETF inflows

Hackers stole $900,000 worth of Chainlink (LINK) tokens in late January

2 months ago 1 min read

This week, another multi-hundred-thousand-dollar crypto hack was linked to the growing tokenization trend of real-world assets and inadequate security procedures. Threat intelligence group Arkham claims that in late January, hackers Inferno Drainer stole $900,000 worth of Chainlink (LINK) tokens from the hot wallet of a Swiss crypto investment fund. The attackers reportedly used a phony crypto airdrop website to phish the victim’s private wallet keys. They used the compromised “Alchemist63” account to obtain signature approvals, quickly emptying the wallet through two transactions. Targeting LINK specifically, the transactions first took $400,940, then 12 seconds later, $456,400, as the victim unknowingly approved

These two NFT artists were ordered to pay $9 million in disgorgement against Yuga Labs

2 months ago 1 min read

Ryder Ripps and Jeremy Cahen, NFT artists, received a negative ruling in their lawsuit against Yuga Labs, the developer of the well-known Bored Ape Yacht Club. The verdict not only dismissed their counterclaims but also imposed a $9 million penalty, complicating their legal situation. The legal battle began in April 2023, when Yuga Labs sued Ripps and Cahen, alleging copyright infringement due to unauthorized copies of BAYC NFTs. The dispute arose following the release of the Ryder Ripps BAYC (RR/BAYC) collection in May 2022, in which the artists incorporated the BAYC brand into their work. The initial litigation resulted in

Bitfinex Begins Operating In El Salvador

2 months ago 1 min read

El Salvador witnessed the launch of Bitfinex Securities El Salvador S.A., marking a significant step toward cementing its position as a crypto-friendly hub and becoming the first platform in the country to introduce tokenized securities. Bitfinex Securities made the official announcement on January 31, 2024, and is now accepting customer applications. This development comes two and a half years after El Salvador accepted Bitcoin as legal currency. Bitfinex Securities became El Salvador’s first registered and licensed digital asset service provider after receiving approval under the country’s Digital Asset Securities Law, which was enacted last year. The Digital Asset Securities Law,