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

Siemens, the German engineering and technology giant

Siemens Embraces Blockchain with $64M Digital Bond Offering

1 year ago 1 min read

Siemens, the German engineering and technology giant, has issued a digital bond worth 60 million euros ($64 million) on a public blockchain, becoming one of the first companies in Germany to do so. The bond has a maturity of one year and was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in the announcement. By using blockchain, paper-based global certificates and central clearing can be eliminated, and the bond can be sold directly to

CEO of Binance

Binance CEO says crypto likely to shift towards non-USD pegged stablecoins

1 year ago 1 min read

In a recent Twitter Spaces event, Changpeng Zhao, CEO of Binance, predicted that the crypto industry would begin using stablecoins based on currencies such as the euro, yen, and Singapore dollar in the future. This will be to reduce the industry’s reliance on the United States dollar-based stablecoins. While it makes sense to use gold as a standard of value, CZ explained that most people’s costs are still in fiat currencies. For this reason, most investors calculate their investment returns in dollars, which is why U.S. dollar-backed stablecoins remain essential. However, CZ argues that the recent actions taken by the

FTX has received court approval to sell select investment assets

Certain FTX Assets Granted Approval for Sale by Court

1 year ago 1 min read

FTX has received court approval to sell select investment assets and subsidiaries, as part of the liquidation process. The court authorized the sale or transfer of certain assets, including investments in privately or publicly held companies, warrants, tokens and token warrants, shares, promissory notes, future equity interests and future token interests. The aggregate selling price of each asset must be less than or equal to $1 million, and the confirmed investment value must be less than or equal to $5 million. Investee entities have five days to file an objection to the sale, after which FTX liquidators will proceed with

Risk management firm Elliptic

Crypto Mixer Blender Changes Name to Sinbad, Elliptic Reveals

1 year ago 1 min read

Risk management firm Elliptic has released a report suggesting that Sinbad, a cryptocurrency mixer, was likely a rebrand of Blender, which was sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in May. According to Elliptic, Sinbad laundered around $100 million in Bitcoin for North Korea’s hacking group, Lazarus. After U.S. authorities shut down crypto mixers such as Blender and Tornado Cash, Lazarus hackers used Sinbad to launder the funds from the $100 million attack on Horizon Bridge. Elliptic speculated that the individuals behind Sinbad rebranded to gain trust from users after Blender was

Crypto lender Nexo

Nexo Suspends Ethereum Improvement Proposal for US Customers

1 year ago 1 min read

Crypto lender Nexo has announced that it will no longer be offering its Earn Interest Product (EIP) to U.S. clients, residents, and citizens, effective February 10th. This move comes after the company was fined $22.5 million by the U.S. Securities and Exchange Commission (SEC) for failing to properly register the offer and sale of EIP. In response to the fine, Nexo stated that it would be stopping EIP in eight states and would no longer onboard clients in the U.S. However, despite this change, the company reassured its customers that its other lending offerings would continue as normal and that

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports.

Beijing to Establish National Center for Blockchain Technology Research

1 year ago 1 min read

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports. The center, which has received approval from the country’s Ministry of Science and Technology, will focus on research and development of blockchain technology. It will be led by the Beijing Academy of Blockchain and Edge Computing (BABEC), a research institution backed by the Beijing government and one of the developers of Chang’an Chain (ChainMaker) – China’s first domestically developed open-source blockchain platform. The new centre will focus on the research and industrialization of blockchain technology, including the development of fundamental theories, hardware and software,

Binance is taking an active role in forming a consortium of crypto

Binance Leads Effort to Restore Confidence in Crypto: Report

1 year ago 1 min read

Binance, the world’s leading cryptocurrency exchange, is taking an active role in forming a consortium of crypto companies with the aim of restoring trust in the crypto industry and influencing regulatory efforts. The consortium, which will include a variety of crypto-related entities such as individual projects, exchanges, and blockchain analytics firms, will operate in a decentralized manner, aimed at aligning with the crypto community. The current state of the global crypto industry, facing increasing regulation following a wave of retail losses and failed companies, has driven Binance to join efforts in promoting self-regulation. This is not the first time an

Beijing Football Club Goes Digital with Launch of NFTs and Virtual Stadium

Beijing Football Club Unveils NFTs Ahead of Virtual Stadium Debut

1 year ago 1 min read

Beijing Guoan Football Club, a professional football team in the Chinese Super League, has taken a major step into the world of non-fungible tokens (NFTs) with the launch of GLEO. This collection of NFTs can be used as avatars in the club’s virtual stadium, set to launch next year. To celebrate the launch, the football club held a 10-day lottery over the weekend, distributing 10,000 free NFTs to the winners. The club also plans to mint more NFTs in the future, dubbed “digital collectibles” by the club, as a way to engage with fans and enhance their experience. The NFTs

UK Banks block crypto access

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

1 year 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.

Crypto companies in Dubai are now required to obtain authorizations

Dubai Establishes Regulatory Guidelines with Licensing Requirement for Crypto Firms

1 year 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

CoWSwap DEX

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

1 year 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,

$3.8 billion was stolen from the crypto

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

1 year 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

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