Author: Nola Robert

Article written by Nola Robert

The US SEC’s silence casts doubt on Ethereum ETF approvals, worrying industry leaders

April 17, 2024 1 min read

Ethereum exchange-traded funds (ETFs) in the United States are being met with doubt and uncertainty as a result of the Securities and Exchange Commission’s (SEC) failure to effectively communicate with supporters. CEOs Jan van Eck and Eric Balchunas have voiced apprehensions on the likelihood of approval, namely for the month of May. Eric Balchunas, Bloomberg’s Senior ETF Analyst, has revised the probability of approval to 35% as a result of

US, UK probe Garantex’s $20B in crypto, eyeing sanctions evasion

April 1, 2024 1 min read

The United States and United Kingdom are conducting investigations into crypto transactions totaling over $20 billion that are connected to the Russian exchange Garantex. This underscores the worldwide difficulty of implementing sanctions in light of the ongoing conflict in Ukraine. The inquiry focuses on Tether (USDT) transactions conducted via Garantex, a company that was subjected to sanctions in 2022. The investigation is prompted by suspicions that Garantex may have facilitated

KuCoin and its founders face U.S. charges for illicit operations and evading anti-money laws

March 27, 2024 1 min read

Damian Williams, the top prosecutor of the U.S. Southern District of New York, and Darren McCormack, the temporary head of HSI New York, have revealed charges against KuCoin and its founders, Chun Gan and Ke Tang. The accusations pertain to illicit money transfer and violation of the Bank Secrecy Act, namely the absence of a comprehensive program to deter money laundering and terrorist funding, inadequate verification of client identities, and

US lawmakers are hopeful about approving crypto regulations before the upcoming November elections

March 21, 2024 1 min read

Legislators in the United States are hopeful that they may enact major crypto legislation before the November elections, and this includes Senator Cynthia Lummis and Congressman Patrick McHenry. McHenry thinks that the change in leadership from Kevin McCarthy to Mike Johnson as House Speaker has accelerated legislative progress, creating unique chances to adopt legislation pertaining to crypto in a year when elections are taking place. He has high hopes for

Over $11 million worth of XRP moved from Binance to an unknown wallet

March 8, 2024 1 min read

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often

Binance exchange suspends Nigeria Naira (NGN) deposits

March 5, 2024 1 min read

Binance exchange has said it will leave the Nigerian market and stop all services that use the Nigerian naira (NGN), which is the country’s official currency. After March 8, the largest crypto exchange by trading volume will no longer let people withdraw NGN. Any leftover balances will be automatically converted to the stablecoin Tether (USDT). Furthermore, the exchange wants Nigerian users to make a smooth transition, so they have been

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

February 28, 2024 1 min read

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides,

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

February 23, 2024 1 min read

Reddit Inc has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods. “We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” the social media of the firm

Bakkt can now raise $150 million from securities sales over three years

February 15, 2024 1 min read

The US Securities and Exchange Commission (SEC) has approved Bakkt‘s shelf registration application, providing a lifeline that could pull the company back from the precipice. The cash-strapped crypto firm revealed late on Wednesday that the “universal shelf” registration of the crypto custody and trading platform had been approved by the SEC, as shown in a recently filed Form S-3. With the approval of the regulator, Bakkt can raise additional funds

This company predicts Bitcoin price to reach $112,000 in 2024

February 13, 2024 1 min read

A company called CryptoQuant, which offers on-chain data and analysis, has projected the price of Bitcoin (BTC) to rise sharply by 2024. According to the company, if the inflows from spot Bitcoin exchange-traded funds (ETFs) continue at the current pace, the price of BTC could reach $112,000 this year. The firm added that the worst-case price for BTC is $55,000, still a 15% rise over its current value. The forecast

Hackers stole $900,000 worth of Chainlink (LINK) tokens in late January

February 6, 2024 1 min read

This week, another multi-hundred-thousand-dollar crypto hack was linked to the growing tokenization trend of real-world assets and inadequate security procedures. Threat intelligence group Arkham claims that in late January, hackers Inferno Drainer stole $900,000 worth of Chainlink (LINK) tokens from the hot wallet of a Swiss crypto investment fund. The attackers reportedly used a phony crypto airdrop website to phish the victim’s private wallet keys. They used the compromised “Alchemist63”

These two NFT artists were ordered to pay $9 million in disgorgement against Yuga Labs

February 4, 2024 1 min read

Ryder Ripps and Jeremy Cahen, NFT artists, received a negative ruling in their lawsuit against Yuga Labs, the developer of the well-known Bored Ape Yacht Club. The verdict not only dismissed their counterclaims but also imposed a $9 million penalty, complicating their legal situation. The legal battle began in April 2023, when Yuga Labs sued Ripps and Cahen, alleging copyright infringement due to unauthorized copies of BAYC NFTs. The dispute