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

Signature Bank Closure Only Affects a Fraction of TrueUSD Users, Company Confirms

2 weeks ago 1 min read

Techteryx, a Singapore-based stablecoin issuer that issues TrueUSD, announced on Monday that it has paused minting and redemption for users with Signature Bank. However, the suspension does not affect the rest of its banking network. This disclosure follows the December report from the stablecoin issuer, which revealed that it spreads its holdings across several depository institutions in the U.S., Hong Kong, and the Bahamas. Currently, TrueUSD has a market capitalization of over $2 billion, and according to data, Binance is the exchange with the largest holdings of TrueUSD, holding $428 million. However, TrueUSD has been knocked off its peg

Despegar Takes the Lead as the First LATAM Travel Agency to Adopt Crypto Payments

2 weeks ago 1 min read

Despegar, one of the leading travel agencies in Latin America, has partnered with Binance Pay and Inswitch to accept cryptocurrency payments for tour packages. This partnership makes Despegar the first online travel agency in the region to accept digital assets as payment. Initially, the option will only be available to customers in Argentina, but it may extend to other South American countries in the future. Customers can use over 70 cryptocurrencies to pay for their trips, including Bitcoin, Ether, Dogecoin, Litecoin, and Ripple. According to Paula Cristi, the General Manager of Despegar for Argentina and Uruguay, the company recognized the

U.S. Government Opposes Voyager’s Sale to Binance.US

2 weeks ago 1 min read

The U.S. Department of Justice (DOJ) has filed an appeal challenging the decision of a New York bankruptcy judge to allow Binance.US to acquire the assets of bankrupt crypto lender, Voyager Digital. The appeal was filed by the U.S. Trustee’s Office, which oversees bankruptcies, just one day after Judge Michael Wiles approved the deal following a contentious, four-day-long hearing. Regulators, including the U.S. Securities and Exchange Commission (SEC), have opposed the acquisition, with the SEC arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the U.S. However, Judge Wiles appeared unmoved by the

US Government Transfers $200 Million in Bitcoin to Crypto Platform, Coinbase

3 weeks ago 2 mins read

The US government has made a significant transfer of Bitcoin to Coinbase, according to data from the cryptocurrency’s blockchain. Around 49,000 BTC worth roughly $1 billion, from wallets related to seizures of the now defunct darknet marketplace Silk Road, have started moving. Of this amount, the government sent 9,826 BTC worth $217 million to Coinbase, while an additional 39,175 BTC worth $867 million was transferred to two new addresses that appear to be internally controlled and not linked to any exchanges. Silk Road, created by Ross Ulbrich in 2011, was shut down in 2013. Ulbrich is now serving a life

Solana Whales Make Big Move: $60 Million in $SOL Transferred to Coinbase

3 weeks ago 1 min read

A cluster of massive Solana whale wallets has recently caught the attention of the crypto community. According to data from whale monitoring service Whale Alert, these wallets have transferred over $60 million worth of $SOL to the Nasdaq-listed cryptocurrency exchange Coinbase in a series of transactions that suggest a single entity may be behind the movement of funds. The transactions were flagged by Whale Alert, which recorded a series of transfers worth between $12 million and $12.5 million of Solana to the US-based crypto trading platform. The transfers were completed within minutes of each other and involved between 599,999 and

SEC Under Fire as Judges Question its Position in Grayscale’s Bitcoin ETF Appeal

3 weeks ago 2 mins read

On March 7, a panel of judges from the District of Columbia Circuit Court of Appeals questioned the U.S. Securities and Exchange Commission’s (SEC) rejection of Grayscale Investments’ spot Bitcoin ETF application. The judges presiding over the first appeals hearing, Chief Judge Sri Srinivasan and Judges Neomi Rao and Harry Edwards, asked the SEC’s lawyer what more Grayscale needs to do to meet its requirements for the ETF. Grayscale lead counsel Don Verrilli argued that the SEC’s rejection of the company’s spot Bitcoin ETF application was arbitrary, as the regulator has approved futures-based ETPs. He further stated that there is

Algorand-Based Wallet Provider Urges Users to Withdraw Funds Amid Ongoing Security Concerns

3 weeks ago 2 mins read

Algorand-based wallet provider MyAlgo has once again urged its users to withdraw their funds following a security breach in February that appears to remain unresolved. The warning comes as decentralized exchange Algodex revealed that a malicious actor had infiltrated the company’s wallet on March 5, in an incident similar to those occurring elsewhere in the Algorand ecosystem. According to Algodex, the breach occurred during the early hours of March 5, and the company had taken precautions before the attack, including moving the bulk of its USD Coin (USDC) and native Algodex (ALGX) tokens to secure locations. However, the infiltrated wallet

Bybit halts USD bank transfers amid speculation over Silvergate’s crypto banking network

3 weeks ago 1 min read

Bybit, the fourth largest crypto exchange in the world, has suspended U.S. dollar bank transfers, citing “service outages from a partner.” The exchange will also halt USD withdrawals via bank transfer from March 10, though users can still purchase cryptocurrencies using credit cards. Bybit has not named the partner involved, but the suspension comes after California-based crypto bank, Silvergate Capital Corp., announced the shutdown of its Silvergate Exchange Network, an instant settlement banking service used by multiple crypto firms. Silvergate’s announcement of regulatory challenges also resulted in other crypto firms, such as Coinbase, Gemini and, cutting ties with the

Silvergate Bank Shuts Down Exchange Network, Ordered to Release $9.9M to BlockFi

3 weeks ago 1 min read

On March 3, Silvergate Bank, a crypto-friendly bank, announced the discontinuation of its Silvergate Exchange Network (SEN), its digital asset payment network. This move follows a massive stock drop of over 59% in just five days, which triggered concerns about potential bankruptcy. According to a statement on its website, the decision to terminate SEN was “risk-based.” Coincidentally, on the same day, United States Judge Michael B. Kaplan ordered Silvergate Bank to return $9,850,000 deposited by BlockFi. The court gave the bank an immediate deadline to release the funds following an agreement between the two companies in November 2022. BlockFi is

Bankrupt Cryptocurrency Exchange FTX Reveals “Massive Shortfall” in Digital Asset Holdings

3 weeks ago 2 mins read

FTX, the cryptocurrency exchange that filed for bankruptcy in December 2022, has revealed a significant deficit in its digital asset and fiat currency holdings. The shortfall, which amounts to billions of dollars in missing customer funds, affects both FTX and its US-based subsidiary, FTX US. According to a presentation released by FTX on March 2, the exchange held $2.2 billion in exchange wallets and fiat accounts, with only $694 million categorized as the most liquid “Category A Assets” that include cash, stablecoins, Bitcoin (BTC) and Ether (ETH) priced at the latest spot prices. The wallets associated with FTX US held

Goldman Sachs Reinforces Commitment to Crypto with Additional Team Members

4 weeks ago 2 mins read

In January 2023, Goldman Sachs announced that it would be cutting 3,200 staff as part of a cost-cutting exercise. While this news may be concerning, the multinational investment bank remains committed to expanding its presence in the cryptocurrency space. Over the past few years, Goldman Sachs has been actively exploring the crypto market, investing in crypto-related companies, and offering its clients exposure to cryptocurrencies through various services. As cryptocurrencies continue to grow in popularity and mainstream acceptance, other major financial institutions are sure to follow suit and ramp up their efforts. Despite the recent staff cuts, Goldman Sachs is doubling

Huawei Joins Forces with Blockchain Innovators to Pioneer Web3 Ecosystem

4 weeks ago 1 min read

Huawei Cloud, the cloud computing arm of the Chinese smartphone maker Huawei Technologies Co., Ltd., has announced its partnership with Polygon and other blockchain firms to form a Web3 and metaverse alliance. The announcement was made at the company’s Asia-Pacific partner summit held in Bali, Indonesia, last week. As part of the partnership, Huawei Cloud will integrate blockchain into its cloud services, with Polygon, Deepbrain Chain, Morpheus Labs, and Blockchain Solutions being its Web3 partners. The company also unveiled its cloud-based Web3 solutions at the summit. Since launching its blockchain services in 2018, Huawei Cloud has been exploring the potential