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

Coinbase Faces Trademark Infringement Lawsuit for Nano-Based Products

4 weeks ago 2 mins read

Crypto exchange Coinbase is facing a legal complaint from NanoLabs, the company behind the digital currency Nano, over alleged trademark infringement. According to the complaint filed on February 24 in the California Northern District Court, NanoLabs claims that Coinbase’s Nano Bitcoin and Nano Ether futures contract products violate trademark rights owned by them. NanoLabs argues that the infringement has caused economic harm and weakened its brand identity, resulting in “actual damage and irreparable harm.” The company alleges that Coinbase’s offerings are “derivative products” based on Bitcoin and Ether, which are “identical or highly similar” to Nano. The complaint also suggests

Lendhub Protocol Exploiters Reportedly Move $3.85M to Tornado Cash for Anonymity

4 weeks ago 1 min read

Decentralized finance (DeFi) platform Lendhub was hacked for $6 million in January, and now, blockchain security firms PeckShield and Beosin have reported that the hackers have sent more than half of their stolen funds to the crypto mixer Tornado Cash. On February 27, PeckShield and Beosin reported that around 2,415 ether, worth $3.85 million, was sent from a wallet connected to the Lendhub exploit to Tornado Cash. Beosin noted that this brings the total amount of funds sent by the exploiter to Tornado Cash since January 13 to 3,515.4 ETH, currently worth over $5.7 million. Tornado Cash is a crypto

Former Massachusetts State Facility Worker Arrested for Stealing $18,000 Worth of Electricity for Illegal Crypto-Mining Operation

1 month ago 1 min read

The police have arrested a former Massachusetts state facility worker for allegedly stealing electricity worth $17,492.57 to run an illegal crypto-mining operation. Nadeem Nahas, who used to work for Cohasset town’s facilities department, reportedly set up a secret crypto-mining facility in the crawl space of Cohasset High School. The local police were alerted to the operation in December 2021 after the high school’s facilities director noticed strange computers and wiring in the crawl space. After a three-month investigation, the police discovered 11 mining computers allegedly kept by Nahas. Nahas resigned from his position in the Cohasset facilities department in March,

Binance Unveils Semi-Automated Management for Reserve Tokens: Insider Report

1 month ago 1 min read

Binance, the largest crypto exchange in the world, has switched to a semi-automated process to improve the transparency of its reserve B-tokens. This comes after years of mismanagement, during which Bloomberg reported that Binance stored token collateral with user funds in the same wallet. The exchange has now set up a partially-automated process that ensures the B-tokens are “always transparently backed.” This is achieved through a system that only allows minting of new coins to take place after collateral has been added to the appropriate wallet. A Binance spokesperson said that the exchange has been moving the collateralized assets to

New York Sues CoinEx Crypto Exchange for Failure to Register with State

1 month ago 1 min read

New York Attorney General Letitia James has filed a lawsuit against cryptocurrency exchange CoinEx for allegedly engaging in fraudulent practices by failing to register as a securities and commodities broker-dealer in the state. In a 38-page petition filed in the New York Supreme Court, James accused the exchange of listing tokens that qualify as “both commodities and securities” without registering with the Securities and Exchange Commission or the Commodity Futures Trading Commission. The lawsuit also alleges that CoinEx failed to comply with a subpoena by the Attorney General’s Office. The Attorney General is seeking a court order to stop CoinEx

Ubisoft Expands Web3 Presence with Launch of Rabbids NFTs on The Sandbox

1 month ago 1 min read

Ubisoft, the video game publisher behind popular franchises such as Assassin’s Creed and Just Dance, has released Rabbids NFT avatars for The Sandbox, an Ethereum metaverse game. This is not Ubisoft’s first venture into the Web3 world, as it previously released in-game NFT items for Ghost Recon Breakpoint. The Rabbids NFT avatars are being sold for 100 SAND, or about $78, each on the Ethereum scaling network Polygon. The sale is themed after the Lunar New Year, and buyers will get to see various designs on Friday. The avatars are a “key to future utility” in The Sandbox and provide

Klaytn Foundation Plans Token Reduction by Burning 5.28 Billion KLAY Tokens

1 month ago 2 mins read

Klaytn Foundation, a leading developer and code maintainer of the Klaytn blockchain, has put forward a tokenomics optimization proposal to its Governance Council (GC) in a bid to enhance the sustainability and value of KLAY tokens. The GC, a group of network participants who oversee the governance of the Klaytn network, will vote on the proposal from February 22nd to February 28th. The proposal includes a series of short-term tokenomics improvements, including the initial burning of 73% of the reserve supply, equivalent to 5.28 billion KLAY tokens, or approximately 48% of the current total KLAY supply. This move will enhance

Ethereum Developers Set to Test Shanghai Upgrade on Sepolia Testnet on Febeuary 28

1 month ago 1 min read

The Ethereum blockchain, one of the most popular decentralized networks, is set to undergo an upgrade known as the Shanghai-Capella upgrade, or Shapella for short. The core developers of the blockchain have scheduled the launch of the upgrade on the Sepolia test network for February 28 at epoch 56832, according to an official announcement. The upgrade is primarily aimed at enabling ether (ETH) withdrawals from network validators, a feature that wasn’t enabled during the network’s transition to proof-of-stake consensus, called The Merge. The upgrade combines changes to the execution layer (Shanghai) and the consensus layer (Capella). Shanghai will upgrade the

Hong Kong plans to fully open its doors to crypto asset trading and investment

1 month ago 2 mins read

Hong Kong’s recent announcement that it plans to open its doors to crypto asset trading and investment has been met with excitement from industry executives. However, reading the fine print of the regulatory proposals reveals a number of restrictions and hidden catches that investors need to be aware of. Under a new licensing regime set to take effect on June 1, 2023, all centralized crypto trading platforms in Hong Kong will require licensing from the Securities and Futures Commission (SFC), or risk not being able to market to Hong Kong investors. This means that anyone looking to trade or invest

Huobi Expands Crypto Policy and Seeks Hong Kong Trading License

1 month ago 1 min read

Huobi, the Singapore-based crypto trading platform, is reportedly seeking a cryptocurrency trading license in Hong Kong as the country’s financial authorities announced a public consultation for their new plan to allow licensed crypto exchanges to serve retail investors. This comes after Huobi’s announcement to launch a new exchange in Hong Kong named “Huobi Hong Kong” that will comply with local regulations and offer a range of trading pairs and services to customers, with a focus on institutional investors and high net worth individuals. The move by Huobi comes as Hong Kong’s Securities and Futures Commission (SFC) calls for a public

Zambia’s Finance Minister Mutati announces test run of crypto regulation technology

1 month ago 1 min read

Zambia’s central bank and securities regulator are collaborating to explore the potential of blockchain technology to regulate cryptocurrencies, according to the country’s Technology and Science Minister Felix Mutati. The country is aiming to promote digital financial inclusion and become a technology hub in Africa by developing its digital infrastructure and attracting investments in the sector. Zambia’s government previously signed a memorandum of understanding with Overstock’s blockchain land registry subsidiary to provide digital ownership certificates and access to financial markets for rural landowners. African countries are paying increasing attention to cryptocurrency and the development of regulatory frameworks. The International Monetary Fund

Tencent cuts back on metaverse hardware plans

1 month ago 1 min read

In a recent Reuters report, it was revealed that Tencent has become the latest tech giant to scale back its plans for the metaverse as it steps back from creating virtual reality hardware. The company has also implemented headcount and cost cuts in its metaverse unit. Tencent had previously planned to build software and hardware for the nascent industry, but has now decided to reduce the size of the unit, which was launched in June and had around 300 employees. Despite the cuts, Tencent says it will not disband the unit completely. The report highlights the need for profitability and