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

A recent ruling by a US federal judge has resulted in the dismissal of a lawsuit against the DeFi platform PoolTogether.

Federal Court Throws Out Lawsuit Against DeFi Platform PoolTogether

12 months ago 1 min read

A recent ruling by a United States federal judge has resulted in the dismissal of a lawsuit against the decentralized finance (DeFi) platform PoolTogether. The judge determined that a federal court was not the appropriate venue for addressing concerns related to the DeFi startup. The lawsuit, filed by plaintiff Joseph Kent, alleged violations of gambling laws and consumer scams by PoolTogether in New York state. However, the judge found that Kent lacked standing to pursue the case as he had not suffered concrete harm at the hands of the defendants. While the lawsuit was dismissed, the judge mentioned that Kent

Crypto Market Defies Expectations, Recovers $30 Billion

Crypto Market Cap Bounces Back, Surges by $30 Billion Amid SEC Drama

12 months ago 1 min read

The global crypto market recovered $30 billion in the past 24 hours, according to data by CoinGecko. This comes after the Securities and Exchange Commission (SEC) filed lawsuits against two major crypto exchanges, Binance and Coinbase, on June 5. The SEC’s lawsuits allege that both exchanges violated securities laws by offering and selling unregistered securities. The lawsuits caused a sell-off in the cryptocurrency market, with Bitcoin falling as low as $25,000. However, the market has since rebounded, with Bitcoin rising above $26,700 and the total cryptocurrency market capitalization rising above $1.164 trillion. The rebound in the cryptocurrency market is a

Crypto Life Insurance Startup Secures $19 Million Funding Round with Sam Altman as Investor

Sam Altman Backs Crypto Life Insurance Startup with $19M

12 months ago 1 min read

Bermuda-based Meanwhile, a digital asset-denominated life insurance provider, announced today that it has raised $19 million in seed funding. The round was led by OpenAI CEO and Worldcoin founder Sam Altman, alongside former head of Stripe issuing Lachy Groom. Gradient Ventures, Google’s AI fund, also participated. Meanwhile claims to be the first and only life insurer to offer products entirely denominated in crypto. The company says that its products are designed to provide peace of mind to cryptocurrency investors and protect their assets in the event of death. The fresh funding will be used to help Meanwhile obtain a license

Reginald Fowler, the former co-owner of the Minnesota Vikings

Ex-NFL Executive Found Guilty of Running $700 Million Crypto Ponzi Scheme

12 months ago 1 min read

Reginald Fowler, the former co-owner of the Minnesota Vikings, was sentenced to 75 months in prison on Tuesday for running a $700 million cryptocurrency fraud scheme. Fowler, 64, was convicted in April of bank fraud and money laundering. Prosecutors said he processed millions of dollars in unregulated transactions on behalf of cryptocurrency exchanges, which he used to launder money and defraud investors. Fowler also lied to the Alliance of American Football (AAF), a now-defunct professional football league, about his net worth in order to secure a $50 million investment. The AAF folded in April 2019 after just eight games. “Fowler

Russian Official Suspended Amidst Allegations of Accepting a $28 Million Bitcoin Bribe

Russian Official Accused of Accepting $28 Million Bitcoin Bribe

12 months ago 2 mins read

A prominent Russian official, Marat Tambiev, has been thrust into the center of a high-profile corruption scandal. Tambiev, who had been serving as the head of the Tverskoy district of Moscow’s investigative department, stands accused of accepting a staggering bribe of 1,032 bitcoins. The alleged bribe, amounting to $28 million, was purportedly offered to him by the hacking group Infraud Organization Mark. Tambiev allegedly received the substantial bitcoin bribe in April 2022 from two members of the Infraud Organization Mark, Kirill Samokutyaevsky and Konstantin Bergmanov, who were under investigation in Russia at the time. According to a lawsuit filed with

A group of pro-crypto organizations has filed an amicus brief in support of a lawsuit challenging the sanctions imposed on the Tornado Cash.

Crypto Community Fights Back Against U.S. Sanctions on Tornado Cash

12 months ago 1 min read

A group of pro-crypto organizations has filed an amicus brief in support of a lawsuit challenging the legality of sanctions imposed on the decentralized finance (DeFi) protocol Tornado Cash. The amicus brief, filed by the Blockchain Association, the DeFi Education Fund, and Coin Center, argues that the sanctions imposed by the Treasury Department’s Office of Foreign Assets Control (OFAC) are unlawful. The OFAC imposed sanctions on Tornado Cash in February, alleging that it was being used by criminals to launder money. However, the pro-crypto groups argue that the sanctions are unprecedented and violate the First Amendment right to free speech.

The native token of the DEX platform DYDX jumped to $2.23 following the announcement of a lawsuit by the U.S. SEC against Binance

DYdX Token Soars By 10% After SEC Sues Binance

12 months ago 1 min read

The native token of the decentralized exchange platform DYDX, known as DYDX, experienced a significant price jump to $2.23 following the announcement of a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange. The surge in the DYDX token price represented a gain of approximately 10% from its lowest price of $2.04 within the past hour, as reported by CryptoWatch, a data analytics firm. The price surge of the DYDX token was triggered by the SEC’s statement, which alleged that BNB and BUSD, tokens associated with centralized exchange Binance, were unregistered security offerings.

Charles Hoskinson of Cardano (ADA) has issued a stark warning about the potential dangers of artificial intelligence (AI) technology

Charles Hoskinson warns of AI-driven crypto scams

12 months ago 2 mins read

Charles Hoskinson, the visionary founder of Cardano (ADA), has issued a stark warning about the potential dangers of artificial intelligence (AI) technology in the realm of cryptocurrency scams. Hoskinson raised concerns about the use of generative AI, which could enable scammers to deceive individuals by impersonating prominent figures and tricking them into parting with their hard-earned cryptocurrencies. Hoskinson’s Warning In a recent tweet, Hoskinson shared a screenshot of an email in which the sender impersonated him, attempting to persuade the recipient to invest in a supposedly life-saving medical project on the Cardano blockchain. Hoskinson highlighted the grammatical and stylistic quality

JPMorgan Chase CEO Jamie Dimon said that he expects the Federal Reserve to pause its rate hike cycle after July

JPMorgan Chase CEO Predicts Pause in Fed Rate Hike, Highlights Risks of Quantitative Tightening

12 months ago 2 mins read

In an interview with Bloomberg on May 31, 2023, JPMorgan Chase CEO Jamie Dimon said that he expects the Federal Reserve to pause its rate hike cycle after July, but that the central bank may need to resume raising rates if inflation remains high. “I think we’ve had a big move in rates,” Dimon said. “I think a pause is warranted. But I also think you have to be prepared for rates to go up a little more because inflation is proving stickier than people thought.” Dimon also warned about the potential for volatility caused by quantitative tightening (QT), a

Ripple Labs has unlocked 1 billion XRP tokens from escrow, marking the latest development in its ongoing legal battle with the US SEC.

Ripple Labs Releases 1 Billion XRP Tokens in Monthly Distribution

12 months ago 2 mins read

Ripple Labs, the company behind the XRP cryptocurrency, has unlocked 1 billion XRP tokens from escrow. The tokens were released on June 2, 2023, and were distributed across three transactions. The unlock is part of Ripple’s regular monthly distribution of XRP tokens from escrow. Ripple has said that it will continue to release XRP tokens from escrow on a monthly basis until all 55 billion tokens have been released. The release of XRP tokens from escrow has been a controversial topic. Some people have criticized Ripple Labs for releasing so many XRP tokens into circulation, arguing that it could cause

Minswap DEX

Minswap DEX Hits New All-Time High Daily Trading Volume, Fueled by Meme Coin Trading

12 months ago 1 min read

Minswap, a decentralized exchange (DEX) operating on the Cardano blockchain, has hit a new all-time high daily trading volume of $20.93 million. The surge in trading volume is being attributed to a number of factors, including the growing popularity of meme coins on Cardano. Meme coins are a type of cryptocurrency that is typically based on a popular internet meme or joke. They have become increasingly popular in recent months, with some meme coins, such as Dogecoin and Shiba Inu, seeing their prices soar. Minswap is one of the most popular DEXes on Cardano, and it offers a variety of

In September 2021, KuCoin, a popular cryptocurrency exchange, burned millions of Ethereum (ETH) in a mysterious move.

Why Did KuCoin Burn Millions of Ethereum?

12 months ago 2 mins read

In September 2021, KuCoin, a popular cryptocurrency exchange, burned millions of Ethereum (ETH) in a mysterious move. The burn, which took place over three days, involved over 3,500 transactions. The total amount of ETH burned was estimated to be worth over $275 million at the time. The reason for the burn is unknown. Some have speculated that it was a way for KuCoin to reduce the supply of ETH and increase its value. Others have suggested that it was a way for KuCoin to comply with new regulations. Still, others have simply speculated that it was a way for KuCoin

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