Author: Nola Robert

Article written by Nola Robert

Ripple’s Chief Legal Officer blasts the US for failing to provide clear crypto regulations

July 7, 2024 1 min read

Stuart Alderoty, the Chief Legal Officer of Ripple, has expressed disapproval of the United States’ ambiguous legislation around crypto, emphasizing the necessity of a consistent structure for digital assets. Alderoty expressed disapproval of the United States’ inability to deliver consistent outcomes, drawing a comparison to other nations such as the European Union and the United Kingdom. The United States is perceived as falling behind in the adoption of cryptocurrencies and

Dogecoin (DOGE) and Shiba Inu (SHIB) recover by 11% and 16% in the last 24 hours

July 6, 2024 1 min read

Bitcoin (BTC) has experienced a substantial increase in value, reaching the $56,500 range, indicating a notable rebound in the worldwide cryptocurrency market. The upward trend in the market has had a beneficial effect on almost all crypto, resulting in significant gains across the whole spectrum. Dogecoin (DOGE) and Shiba Inu (SHIB) have had substantial recoveries following an extended period of decline. DOGE, which experienced a 23% decrease on July 5th,

Institutional investors invest over $30 million in Chainlink (LINK)

July 4, 2024 2 mins read

Chainlink (LINK) tokens have attracted more than $30 million in investments from institutional investors, demonstrating a rising level of interest in the technology among diverse financial sectors. The Cross-Chain Interoperability Protocol (CCIP) is a crucial catalyst for this interest, since it offers a secure interface for decentralized applications and Web3 businesses to transfer data, tokens, or both between various blockchains. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is compatible with nine prominent

Astar Foundation to Burn 350M ASTR Tokens

July 3, 2024 1 min read

Astar Foundation, the lead organization for Astar Network development, has announced a token burn, which will permanently remove 5% of the ASTR genesis allocation, comprising 350M ASTR tokens. The tokens were originally set aside as a parachain auction reserve, but are no longer required due to upgrades to Polkadot. The Astar Foundation’s proposal was ratified after a governance vote, and the 350M ASTR reserve was used during the first phase

Binance to Delist Several Spot Trading Pairs on July 5th, 2024

July 3, 2024 1 min read

Binance, the leading global cryptocurrency exchange, announced today the upcoming delisting of several spot trading pairs. The move, effective on July 5th, 2024 at 3:00 UTC, aims to maintain a high-quality trading market for its users. The tokens affected by the delisting include: Binance assures users that the delisting only affects the specific trading pairs mentioned. The underlying tokens (AI, BTC, CHR, ETH, GAS, LQTY) will still be available for

Vitalik Buterin’s net worth surges from $552.86 million to $834.66 million in 2024

July 1, 2024 2 mins read

Vitalik Buterin’s net worth has surged from $552.86 million in 2024 to $834.66 million, mostly driven by his significant Ethereum holdings. Nevertheless, his Ethereum holdings have never exceeded 0.9% of the overall supply, reaching a peak of 0.91% in 2015. Nevertheless, Buterin still has the highest amount of ETH as an individual. Buterin, who was born in 2011, played a key role in the co-founding of Bitcoin Magazine. In 2013,

AI-powered data network and blockchain company, PlayFi Launches PlayFi Airdrop Platform

June 26, 2024 1 min read

PlayFi, an AI-powered data network and blockchain designed for the gaming industry, has launched the PlayFi Airdrop Platform, which will serve as the primary hub for earning points and engaging with the PlayFi community. According to the team, the platform offers various ways for users to engage and earn rewards, including engagement and rewards, foundational task questing, daily task questing, campaigns, and a 3x airdrop boost. Users can accumulate points

FTX crypto exchange and the IRS reach a $885 million settlement

June 5, 2024 2 mins read

The FTX exchange and the Internal Revenue Service (IRS) have negotiated a deal in which the insolvent exchange would make a payment of $885 million, far lower than the original demand of $24 billion made by the IRS. As per the agreement, FTX debtors are obligated to remit $200 million to the IRS within 60 days of approval. The remaining $685 million will be paid dependent on the availability of

What’s the Deal With Bitcoin ETFs?

May 24, 2024 2 mins read

Hey money nerds (and curious newbies!), let’s talk about Bitcoin ETFs, the new kid on the investment block. You might’ve heard whispers about Bitcoin, the king of crypto, but maybe the whole digital wallet thing feels a little too Wild West for your taste. Enter Bitcoin ETFs, your chance to invest in the Bitcoin game without the digital tumbleweeds. So, what’s the deal with Bitcoin Exchange-Traded Funds (ETFs)? Think of

The US SEC’s potential approval of a spot Ether ETF sparks excitement

May 21, 2024 2 mins read

Recently, the cryptocurrency community has speculated about the SEC approving a spot Ether (ETH) ETF. Eric Balchunas, a notable Bloomberg ETF analyst, tweeted that the ETF’s clearance was likely. Break out this news’ facts and ramifications. Increased Approval Chances: Bloomberg ETF analysts Eric Balchunas and James Seyffart increased the spot Ether ETF approval likelihood from 25% to 75%. Recent speculation suggests the SEC may change its position on this politically

Ripple Labs requests the court to seal sensitive documents in the US SEC case to protect its financial data

May 15, 2024 2 mins read

Ripple Labs requested the Southern District of New York to keep certain documents connected to the SEC’s Motion for Judgment and Remedies on May 13, 2024, confidential. The “Remedies Materials” provide financial data, including audited accounts, revenue, and expenses. Attorney Andrew J. Ceresney, representing Ripple, sent a letter to Judge Analisa Torres to clarify the motion. According to him, revealing Ripple’s financial status, business tactics, sources of income, and expenditure

Two US SEC lawyers resign after a Utah judge blasts the agency for power abuse in a crypto case

April 23, 2024 1 min read

Two US SEC lawyers resigned after a Utah federal judge accused the agency of “gross abuse” of power in a case against crypto firm Debt Box. The case accused Debt Box of defrauding investors of $49 million but was marred by false statements. The judge reprimanded the SEC’s actions, highlighting a significant misuse of authority by the SEC attorneys. The SEC dismissed the lawsuit, but the overseeing judge has yet