Author: Nola Robert

Profile picture of Nola Robert

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

SEC Slaps JP Morgan with $4 Million Fine for Violations

JP Morgan Faces $4 Million Penalty from SEC for Misconduct

11 months ago 2 mins read

Yesterday, JP Morgan Chase faced a significant setback as the US Securities and Exchange Commission (SEC) fined the banking giant $4 million. The penalty was imposed on JP Morgan Securities LLC, a subsidiary of JP Morgan Chase, for deleting approximately 47 million emails from over 8,700 inboxes. These emails, which should have been retained as business records under the Exchange Act and Rule, were related to the period from January to April 2018. Let’s dive into the details of this administrative offense and its implications. Miscommunication and Mistaken Deletion The SEC’s order reveals that JP Morgan initiated a project in

Bitcoin (BTC) crossed the $30,000 threshold on June 21

Bitcoin Surges Over 20% in the Last 7 Days, Soaring to $30,000

11 months ago 1 min read

Bitcoin (BTC) has received a significant boost from institutional investors, revitalizing the cryptocurrency and instilling renewed confidence within the crypto community. In a remarkable turn of events, BTC crossed the $30,000 threshold on June 21, driven by the entry of major traditional finance (TradFi) players into the crypto market. BlackRock, the world’s largest asset management firm, revealed its intention to launch a spot Bitcoin exchange-traded fund (ETF), signaling its growing interest in the digital asset. This move was followed by Invesco and WisdomTree, two other prominent TradFi firms, announcing their plans for Bitcoin ETFs. Further fueling the momentum, EDX, a

FTX is facing mounting legal and advisory expenses as it navigates its bankruptcy proceedings.

FTX’s Bankruptcy Expenses Surge: Legal and Advisory Fees Reach $121.8 Million

11 months ago 2 mins read

The defunct cryptocurrency exchange FTX is facing mounting legal and advisory expenses as it navigates its bankruptcy proceedings. Recent data reveals that between February 1 and April 30, FTX incurred a staggering $121.8 million in advisory fees and costs. Notably, legal representation from Sullivan & Cromwell accounted for a significant portion of these expenses, totaling $37.6 million. In comparison, investment banking firm Jeffries billed the smallest amount, representing a mere 0.6% of the total costs. As FTX grapples with its financial troubles, former clients are exploring options to revive the exchange under new leadership, aiming to provide value to its

Binance has announced the integration of the Lightning network on the Bitcoin network

Binance Implements Bitcoin Lightning Nodes for Effortless Deposits and Withdrawals

11 months ago 2 mins read

Leading cryptocurrency exchange Binance has announced the integration of the Lightning network on the Bitcoin network, paving the way for Lightning-based Bitcoin deposit and withdrawal services. The move is aimed at enhancing transaction speeds and alleviating network congestion for Binance users. The Lightning network is a second-layer solution for the Bitcoin blockchain that addresses the scalability challenges faced by Bitcoin by establishing payment channels that facilitate off-chain transactions between users. By conducting transactions off-chain, the Lightning network significantly reduces congestion on the main blockchain, resulting in faster transaction speeds and lower fees. With the integration of the Lightning Network, Binance

The transaction involved the transfer of over 3 trillion SHIB tokens, worth approximately $25.6 million, from one unknown wallet to another.

Shiba Inu Whale Transfers $25.6 Million Worth of SHIB

11 months ago 1 min read

Whale Alert, a blockchain-tracking service, recently reported a significant Shiba Inu transaction involving an unidentified crypto whale. The transaction involved the transfer of over 3 trillion SHIB tokens, worth approximately $25.6 million, from one unknown wallet to another. Uncovering the Massive SHIB Transaction Whale Alert’s report highlighted the transfer of a staggering 3,811,233,843,288 SHIB tokens by an anonymous crypto whale. The transaction caught attention due to the sheer volume and value of SHIB tokens moved. The sender paid a minimal transaction fee of slightly over $1 to complete this monumental transfer. Shibacals and Real-World Integration A recent development within the

Arbitrum Airdrop Spurs Adoption Amidst Unfavorable Crypto Market Climate

Arbitrum Airdrop Boosts Network Adoption Despite Bearish Crypto Market: Nansen Report

11 months ago 1 min read

A recent report by blockchain analytics firm Nansen highlights the positive impact of the Arbitrum airdrop on network adoption, despite prevailing bearish sentiment in the crypto markets. The airdrop not only led to a surge in users and transactions on the Arbitrum network but also contributed to sustained high usage even after the airdrop concluded. This sets Arbitrum apart from other layer-2 networks like Optimism, which experienced stagnant or declining usage during the same period. The Nansen report reveals that the Arbitrum network surpassed Ethereum, its base layer, in terms of usage on certain days. This surge in activity demonstrates

The exchange supply of Bitcoin has reached its lowest point since Feb 2018

Bitcoin Exchange Supply Hits Lowest Level Since 2018 Amid Binance and Coinbase Uncertainty

11 months ago 2 mins read

The exchange supply of Bitcoin (BTC) has reached its lowest point since February 2018, as traders opt to move their BTC holdings to self-custody wallets. This trend has emerged amidst the ongoing uncertainty surrounding major cryptocurrency exchanges Binance and Coinbase, both of which are facing regulatory challenges from the Securities and Exchange Commission (SEC). As long as these SEC lawsuits remain unresolved, it is expected that the trend of BTC moving to self-custody will continue. Bitcoin Exchange Supply Reaches Historic Low In a significant development, the exchange supply of Bitcoin has plummeted to levels not seen since February 2018. This

Binance exchange

Binance Coin Whale Awakens After 2 Years of Dormancy, Liquidates $2.3 Million in $BNB

11 months ago 2 mins read

A major holder of Binance’s native token, BNB, has emerged after a two-year dormancy, recently selling a portion of its holdings on the market. This strategic move has resulted in substantial profits and has caught the attention of the crypto community, indicating a noteworthy shift in the behavior of crypto whales. As Binance, the leading cryptocurrency exchange, faces a lawsuit from the Securities and Exchange Commission (SEC), this article explores the implications of the whale’s actions and the ongoing legal battle. After two years of remaining dormant, a significant holder of Binance’s BNB token has returned to the crypto scene.

Binance CEO Changpeng Zhao has offered his perspective on the situation

Binance CEO CZ Responds to Reports of Increased Exchange Outflows Amid SEC Lawsuit

11 months ago 1 min read

Data from prominent analytics platforms such as Nansen and DeFiLlama indicate billions of dollars in crypto assets flowing out of Binance over the past week. However, Binance CEO Changpeng Zhao, popularly known as CZ, has offered his perspective on the situation, suggesting that the outflows may not be as alarming as they appear. Analytics platforms like Nansen and DeFiLlama have recorded notable outflows from Binance in the aftermath of the SEC lawsuit. Nansen reported a net outflow of $2.36 billion from Binance and $123.7 million from Binance.US over the past seven days. DeFiLlama recorded an even higher figure of $3.35

A large BNB position on Venus Protocol is nearing its liquidation point

Venus Protocol Initiates Measures to Avoid Liquidation Risk on $150 Million BNB Loan

11 months ago 1 min read

A large BNB position on Venus Protocol is nearing its liquidation point, raising concerns about the potential impact on the BNB Chain ecosystem. The position, which was created by an attacker who exploited a vulnerability in the BNB bridge last year, is worth approximately $150 million. The attacker secured the loan by depositing 900,000 BNB as collateral. However, with the recent decline in the price of BNB, the health rate of the loan has fallen below 1.03, meaning that it is at risk of being liquidated if the price of BNB drops below $220. The BNB Chain core team has

Ex-Binance.US CEO Brian Brooks said CZ Had Full Control of the Exchange, Not him

Binance.US Former CEO Brian Brooks Says CZ Had Full Control of the Exchange, Not Him

11 months ago 1 min read

Brian Brooks, the former CEO of Binance.US, has alleged that Binance CEO Changpeng Zhao (CZ) was ultimately in charge of the exchange, even though Brooks was officially the CEO. Brooks made these allegations in court documents filed this week as part of an ongoing lawsuit between the SEC and Binance. In the documents, Brooks said that he quickly realized after joining Binance.US that CZ was still calling the shots. He said that CZ had the final say on all major decisions and that Brooks was often overruled when he tried to make changes. Brooks also said that he was never

The Securities and Exchange Commission (SEC) has released employee chat logs from Binance

US SEC leaks Binance’s employee chat logs

11 months ago 2 mins read

The Securities and Exchange Commission (SEC) has released employee chat logs from Binance, the world’s largest cryptocurrency exchange. The chat logs allegedly show Binance employees discussing ways to evade regulatory scrutiny. Binance CEO Changpeng Zhao (CZ) has condemned the SEC’s release of the chat logs, calling it “unethical” and “damaging to the crypto industry.” CZ has also demanded that the SEC explain why it released the chat logs. In a letter to Binance employees, CZ said that the SEC’s disclosure of the chat logs has had a negative impact on the exchange’s reputation. He emphasized that investigators will be requesting

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus