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 crypto exchange has disclosed a 6% uptick in law enforcement requests compared to the previous year

Coinbase exchange sees a 6% rise in law enforcement requests

5 months ago 1 min read

Coinbase crypto exchange has disclosed a 6% uptick in law enforcement requests compared to the previous year, according to its annual transparency report. The surge in requests reflects an intensification of global cryptocurrency regulations, with the United States, Germany, and the United Kingdom leading the way. Coinbase reported a 6% increase in law enforcement requests from Q4 2022 to Q3 2023. The number of countries seeking information surged by 19, signaling a growing focus on cryptocurrency-related activities by regulatory authorities worldwide. The United States, Germany, the United Kingdom, and Spain collectively accounted for 73% of the total 13,079 requests made

FTX has been hit with an unexpected setback—a massive $24 billion tax bill

FTX Exchange Faces $24 Billion Tax Bill from IRS Amid Ongoing Legal Battles and Bankruptcy Woes

5 months ago 2 mins read

Already dealing with bankruptcy and legal issues, crypto exchange FTX has been hit with an unexpected setback—a massive $24 billion tax bill issued by the Internal Revenue Service (IRS) for the United States. The IRS delivered the massive tax demand to FTX, which is currently navigating the aftermath of bankruptcy and working hard to recover assets to restore customer funds. According to recent filings, the IRS filed initial proofs of claim totaling around $44 billion on April 27 and 28, 2023. The IRS amended some claims on November 2, 2023, lowering amounts for the tax years 2022 and 2023. However,

Hong Kong police have initiated an investigation into crypto trading platform Hounax following reports from 131 individuals

Hong Kong Authorities Investigate Alleged $15.4 Million Crypto Scam Linked to Hounax

5 months ago 1 min read

Hong Kong police have initiated an investigation into crypto trading platform Hounax following reports from 131 individuals who collectively claim losses of HK$120 million ($15.4 million) in an alleged scam. Victims, ranging from 19 to 78 years old, were lured into investing in cryptocurrencies through the platform. Upon attempting to withdraw funds, investors found themselves unable to do so. The police have vowed to make arrests soon. The Securities and Futures Commission had earlier listed Hounax as a suspicious virtual asset trading platform, stating that it targeted Hong Kong investors with false claims of collaboration with financial institutions and venture

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval

5 months ago 1 min read

Blockchain analytics firm Glassnode has conducted an analysis, estimating a substantial influx of around $70 billion in investor demand following the recent approval of a Bitcoin Spot ETF. The research delves into the potential impacts on Bitcoin’s price and the broader crypto market. Glassnode’s insights are grounded in the expectation that institutional investors, seeking new avenues, will channel significant portions of capital from traditional markets such as stocks, bonds, and gold into Bitcoin. The analytics company foresees this shift driving substantial demand and potentially triggering a BTC price rally. The analysis by Glassnode suggests that around $60.6 billion could flow

70.35% of BTC Supply Unmoved

Over 70% of Bitcoin (BTC) Supply Remains Unmoved, Signaling Investor Confidence

5 months ago 1 min read

Glassnode, a prominent blockchain analytics firm, recently revealed that a record-breaking 70.35% of Bitcoin’s circulating supply has been inactive for over a year. This is higher than the previous high of 69.35% set in July, indicating a steadfast commitment on the part of Bitcoin hodlers. This extended period of inactivity suggests that some Bitcoin holders are unconcerned about market challenges and global economic uncertainty. Despite the cryptocurrency’s price doubling this year to $37,000, long-term investors appear determined to ride out the storm. The data not only shows the prevalence of one-year inactive holdings but also shows similar trends in Bitcoin

analysts predict that Immutable X (IMX) will trade above $3

Will ImmutableX (IMX) Price Prediction Hit $5 Soon?

5 months ago 2 mins read

With its ground-breaking Web3 solutions, Immutable X, a blockchain platform made for games, is causing a stir in the NFT and gaming industries. Immutable X promises to revolutionize the gaming and development industries by emphasizing speed, scalability, simplicity, and flexibility. Immutable X Features Immutable X delivers improved speed, scalability, and flexibility with a variety of features designed to satisfy the varied needs of gaming. For non-fungible tokens (NFTs), especially those intended for instantaneous, low-fee transactions, it provides a scaling solution. The Ethereum token IMX is used by the platform to facilitate staking, voting, and the payment of transaction fees. Overcoming

4.3B Settlement CEO Resignation and 9.87% BNB Price Drop

BNB drops by over 9% amidst Binance’s $4.3B settlement and CEO’s resignation

5 months ago 1 min read

Binance, the world’s leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB. A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval. The announcement of a large settlement by the United States Department of Justice has sent shockwaves through the cryptocurrency community. Binance is now being investigated by the authorities, with Zhao admitting to security law

Shibarium has launched a novel feature called "Donate" to encourage community involvement

Shibarium Launches ‘Donate’ Feature to Encourage Validators and Strengthen Shiba Inu Community

5 months ago 1 min read

Shiba Inu ecosystem, Shibarium, has launched a novel feature called “Donate” to encourage community involvement and give network validators direct assistance. This major development allows users to financially support non-profit validators that are essential to preserving Shibarium’s security and efficiency, with the goal of building a more robust and inclusive ecosystem. In a statement on X, well-known Shiba Inu community member Ragnar Shib praised the update and emphasized its significance. According to the official Shibarium website, the “Donate” feature acknowledges the vital role non-profit validators play in guaranteeing the efficacy and security of the Shibarium network and allows the user

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit

Binance and US SEC Collaborate for Mutual Legal Defense Amid Ongoing Lawsuit

5 months ago 1 min read

In the ongoing legal tussle between Binance and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested a protective order from the court. This move aims to maintain privacy around certain details, following disputes over document sharing and disagreements over the dismissal of the case. The decision to seek a protective order stems from a June 17 agreement intending to keep specific information confidential. The joint request proposes the replacement of any prior orders issued by Judge Jackson with the current protective order. This development comes in the wake of disagreements and challenges in communication between the

Ex-FTX Leaders Introduce a New Trading Platform in Dubai

Former FTX Leaders Launch Crypto Exchange in Dubai

6 months ago 1 min read

Former FTX executives are set to launch a brand-new cryptocurrency exchange in Dubai, aptly named the Backpack Exchange. With a focus on prioritizing customer fund safety, the team behind this venture aims to learn from the mistakes of their previous employer, FTX. Under Can Sun’s leadership, Trek Labs, a former FTX lawyer, has secured the necessary licensing to operate Backpack Exchange in Dubai. This move signals a fresh start and a commitment to providing a more secure platform for crypto traders. One of the standout features of Backpack Exchange is its advanced wallet security. The platform employs multiple levels of

Inspect has joined forces with Brave Browser

Brave Browser joins forces with Inspect to Redefine Web3 Browsing

6 months ago 1 min read

Inspect has joined forces with Brave Browser to provide millions of users with an enhanced browsing experience focused on privacy and accessibility. Inspect, a prominent player in the Web3 arena, has partnered with Brave, a well-known privacy-oriented web browser, catering to users concerned about online privacy. This collaboration is set to bring Inspect to more than 57 million Brave users, allowing them to access the first Layer 2 solution built on the X (formerly known as Twitter) platform. Inspect is at the forefront of bridging the gap to Web3, making it easier for the next wave of retail users to

Ripple has partnered with African fintech firm Onafriq

Ripple Expands into Africa with New Cross-Border Payments Solution

6 months ago 1 min read

Ripple, a leading provider of cryptocurrency-based payment solutions, is expanding its reach with new initiatives aimed at simplifying cross-border transactions. The company has upgraded its Ripple Payments service to make it more accessible to non-crypto-savvy businesses, particularly in the United States. Additionally, Ripple has partnered with African fintech firm Onafriq to facilitate faster and cheaper money transfers between Africa and other regions. Ripple Payments is designed to streamline cross-border payments for businesses of all sizes, regardless of their familiarity with crypto. The service has been enhanced to simplify integration for US and select international companies, leveraging Ripple’s regulatory licenses in

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