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

Brazil has drafted a guide for prosecutors and law enforcement to confiscate crypto

Brazil Grants Police and Prosecutors Authority to Confiscate Crypto

1 year ago 1 min read

The Brazilian Federal Public Ministry (MPF) has drafted a guide for prosecutors and law enforcement to confiscate cryptocurrency, according to an official release. The MPF presented the guide to the Criminal Chamber and dedicated crypto units, and representatives from the National Council of Justice, the Federal Police, and the tax agency also saw the proposal. The MPF emphasized the growing significance of crypto in the legal field and aims to get feedback from law enforcers and tax officials soon. Furthermore, the guidelines could be adopted immediately by prosecutors if the Criminal Chamber approves the proposal. The MPF is also preparing

CryptoZoo "Rug Pull" Leads to Proposed Lawsuit Against Logan Paul

Proposed Lawsuit Accuses Logan Paul of CryptoZoo “Rug Pull”

1 year ago 1 min read

The proposed class action lawsuit against Logan Paul and his associates alleges that they engaged in a fraudulent “rug pull” scheme. The suit claims that Paul and his associates misled consumers by falsely claiming that they would receive benefits in exchange for transferring cryptocurrency to purchase the CryptoZoo NFTs. The Plaintiffs allege that Paul and his associates had an obligation to disclose their material failures to purchasers, and as a result, they are seeking punitive damages as well as damages for fraud, conspiracy to commit fraud, unjust enrichment, and violating the Texas Deceptive Trade Practices Act. In addition to the

FTX Creditors Aim to Subpoena Sam Bankman-Fried's Key Inner Circle Members

FTX Debt Collectors Seek Legal Action Against Sam Bankman-Fried’s Close Associates

1 year ago 1 min read

Debtors of FTX, the cryptocurrency exchange, are seeking subpoenas to obtain information from the inner circle of its founder, Sam Bankman-Fried. The United States Bankruptcy Court for the District of Delaware filed a motion to locate and secure assets belonging to the company and its investors. Only the legal representatives of FTX’s COO and Bankman-Fried’s father have agreed to share information. FTX’s former CEO has not cooperated with the bankruptcy proceedings despite public promises on social media. Several other FTX insiders, including Barbara Fried, Gary Wang, and Caroline Ellison, have also ignored requests for information. The subpoena is expected to

The transaction volume of China's CBDC or digital yuan

Online Retailers Report Boost in Digital Yuan Sales

1 year ago 1 min read

The transaction volume of China’s central bank digital currency (CBDC), the digital yuan (also known as e-CNY), during the Lunar New Year holiday saw a significant increase compared to the previous year. According to state-backed media outlets, JD.com, one of the largest e-commerce platforms in China, saw 12 times more transactions in digital yuan compared to last year’s amount, with total transactions reaching 1.5 billion yuan (US$220 million). Another platform, Meituan, saw a five-fold increase in digital yuan transactions. The majority of digital yuan transactions came from piloting cities such as Guangzhou, Shenzhen, Beijing, Suzhou, Chengdu and Shanghai. The digital

BNB Greenfield

Binance Expands into Decentralized Web3 Storage with BNB Greenfield

1 year ago 1 min read

Binance has launched a new white paper detailing its latest project, BNB Greenfield, which is a decentralized Web3 storage infrastructure built on Binance’s blockchain platform, BNB Chain. The system allows users and decentralized applications to have full ownership of their data and is being built as a decentralized storage system with smart contract integrations. BNB Greenfield will be supported by community developer teams from Amazon Web Services, NodeReal, and Blockdaemon. The system will use non-fungible tokens and smart contracts for data ownership and management, with Binance’s BNB token being used for the financialization of data storage. Users who hold BNB

The Finance Minister of India has kept its restrictive crypto

India Maintains Crypto Tax Limits in 2023 Budget

1 year ago 1 min read

India has kept its restrictive crypto tax rules unchanged in the 2023 budget. The Finance Minister did not mention cryptocurrency, virtual digital assets, blockchain, or central bank digital currencies in the budget, indicating that the current tax rules remain in place. Last year, India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all crypto transactions, causing a drop in crypto trading volumes and a shift of $3.8 billion in trading volume from local to international exchanges. The crypto industry and policy think tanks had recommended reducing the TDS to 0.01% or at least

Coinbase has announced new safety features to its NFT Wallet app

Coinbase Wallet Introduces New Safety Measures in Wake of NFT Scams

1 year ago 1 min read

Coinbase, one of the leading crypto firms, has announced new safety and user experience features to its Wallet app in order to combat the growing number of phishing scams, malicious airdrops, and other scams targeting crypto users. The new features, including transaction previews, token approval alerts, a blocklist of flagged dApps, and improved revoke features, will help Wallet users better understand how engaging with a smart contract will affect their Wallet balances before they sign, and will also help to protect users from malicious activity. This move from Coinbase comes days after a high-profile incident of a phishing attack that

BlockFi

BlockFi Authorized to Organize Mining Auction

1 year ago 1 min read

BlockFi, the bankrupt crypto lending platform, has received court approval to auction its Bitcoin mining business. The company has received bids for its assets and is expected to receive more due to favorable market conditions. BlockFi’s assets include ASICs (mining computer hardware) and the bids for these assets are due by Feb 20, with an auction to be held a week later. Bitcoin’s recent rise in price has brought Bitcoin miners back into the profit zone, making BlockFi’s ASICs more attractive to buyers. BlockFi filed for bankruptcy in November after the collapse of FTX and Alameda Research to which it

Binance has temporarily suspended multiple accounts on its platform

Binance freezes accounts in light of Bitzlato investigation

1 year ago 1 min read

Binance, a cryptocurrency exchange, has shut down multiple accounts in connection to the Bitzlato investigation. Russian-speaking users of the exchange reported about their accounts being blocked and not being able to withdraw their funds. The blockages are believed to be related to enforcement action against Bitzlato by the US Department of Justice and the US Financial Crimes Enforcement Network listing Binance as a top Bitcoin counterparty of Bitzlato. A Binance spokesperson confirmed the suspensions were due to the Bitzlato case and stated that the majority of the accounts have been unlocked and all funds are safe. Bitzlato was a cryptocurrency

Brazil Gets Binance-Mastercard Crypto Card for Secure Digital Asset Access.

Binance and Mastercard Launch Prepaid Crypto Card for Brazilian Market

1 year ago 0 mins read

Binance and Mastercard have jointly launched a prepaid crypto card in Brazil, allowing users to make payments with 13 cryptocurrencies, including Bitcoin, Ethereum, and Binance USD. The card has a 0.9% transaction fee, with the option of up to 8% cashback in crypto, and free ATM withdrawals. The product is currently in testing phase and will be widely available soon. A study by Mastercard showed 49% of Brazilian consumers have made at least one crypto transaction in the past year, higher than the global average of 41%. Binance has previously launched similar cards in Argentina and the European Economic Area.

Floki Inu DAO Approves Plan to Reduce Token Supply by Over $100 Million.

Floki Inu DAO Approves Token Burn 4.2 trillion FLOKI tokens

1 year ago 1 min read

The Floki Inu community has approved a proposal to burn 4.2 trillion FLOKI tokens worth over $100 million and reduce the transactional tax. The proposal was passed with a 99.97% majority vote in favor and will be implemented on Feb.9, 2023. The reduction in supply is expected to increase the value of each token if demand remains constant. The proposal also cites security risks associated with cross-chain bridges as another reason, with over $2 billion lost or stolen from cross-chain bridges in the past year. The move is part of Floki Inu’s plan to position itself as a serious decentralized

China's Hainan

China’s Hainan Province Tightens NFT Regulations

1 year ago 1 min read

Hainan Province in South China announces a plan to regulate NFTs, citing concerns over fraud, money laundering, and illegal fundraising. The province’s market regulator and 9 other state agencies have called for digital collectible firms to register with relevant authorities and have their operations approved based on artwork, internet and blockchain information management rules. The authorities aim to monitor and prevent financial risks related to NFT trading platforms in Hainan, as the province works to develop its free-trade port and cultural tourism. China has banned cryptocurrency transactions but has yet to set specific regulations for NFTs, with state media criticizing

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