Author: Nola Robert

Article written by Nola Robert

SCRYPT Partners with OpenTrade to Offer Money Market Access on USDC/EURC for Institutional Clients

September 20, 2024 4 mins read

SCRYPT, a Swiss-licensed leader in institutional-grade crypto asset services, today announces a strategic partnership with OpenTrade, an institutional-grade platform for lending and yield products. The partnership will launch a product that allows SCRYPT clients to seamlessly invest USDC and EURC into tokenized U.S. Treasury Bills and E.U. Government Bonds. The US Tokenized Treasuries industry has increased in value by 90% from $1.13 billion at the end of Q1 to $2.15 billion

US Bitcoin ETFs experiences the largest inflow since late July, with over $263 million in a single day

September 15, 2024 1 min read

Bitcoin ETFs saw a jump in net buying on Friday, totaling $263 million, the greatest single-day inflow since July 22. This performance was fueled by a 12% gain in Bitcoin’s value, with one day seeing it surpass $60,000. Fidelity’s Bitcoin (FBTC) saw a $102 million inflow, boosting its weekly profits to almost $218 million. Other Bitcoin ETFs managed by Bitwise, Franklin Templeton, Valkyrie, VanEck, and Grayscale saw positive inflows. ARK

Top 3 Cryptos Under $0.01 Set to Skyrocket in the Next Bull Run

September 15, 2024 4 mins read

As the cryptocurrency market prepares for its next potential bull run, investors are eagerly searching for undervalued assets that could offer substantial returns. While Bitcoin (BTC) remains the most valuable and well-known cryptocurrency, acting as a stable store of value and hedge against economic volatility, smaller altcoins often present opportunities for exponential growth. Investing in low-priced cryptos, particularly those under $0.01, can be a high-risk, high-reward strategy that pays off

The FCA confirms there are no legal crypto ATMs in the UK and is cracking down on illegal machines

September 11, 2024 2 mins read

The Financial Conduct Authority (FCA) has indicted a London resident, Olumide Osunkoya, for operating unlicensed cryptocurrency ATMs, representing the inaugural case of its nature in the UK. The 45-year-old is charged with managing many illicit crypto ATMs that enabled individuals to purchase and exchange funds for digital currencies without appropriate FCA authorization. From December 2021 to September 2023, these machines facilitated £2.6 million in transactions, all executed in violation of

Ethereum Whales moves $751M worth of ETH to exchanges

September 6, 2024 1 min read

In the past week, there has been a significant influx of Ethereum holders selling their holdings, resulting in a total of 312,183 ETH being put into exchanges. This amount is valued at $751 million. The increase in deposits made for exchanging currencies reflects a rise in investor concern, leading market observers to closely monitor any possible changes in attitude. Moreover, the market performance of Ethereum has been closely examined, revealing

Richard Teng says Changpeng Zhao is banned from holding any leadership role at Binance

September 6, 2024 1 min read

Changpeng Zhao, the originator and former Chief Executive Officer of Binance, has received a permanent suspension from the firm as a result of legal infractions. Zhao has been accused by the US Department of Justice of breaching U.S. security laws, notably by failing to uphold an efficient anti-money laundering (AML) program. Binance incurred more than $4 billion in legal liabilities. Zhao resigned as CEO in November 2023, and Richard Teng

Mastercard partners with Mercuryo to launch a self-custodial euro-dominated crypto debit card

September 5, 2024 1 min read

Mastercard has collaborated with Mercuryo, a European supplier of crypto payments infrastructure, to introduce a debit card that allows users to make transactions in euros using cryptocurrency. This card enables users to utilize cryptocurrencies such as Bitcoin directly from their self-custodial wallets at more than 100 million retailers globally that accept Mastercard. Mastercard seeks to remove obstacles between blockchain and conventional payment systems, providing a secure and dependable method for

AI crypto tokens drop sharply after the US DOJ subpoenaed Nvidia

September 4, 2024 1 min read

The AI cryptocurrency token market has had a substantial decline, resulting in the overall market capitalization dropping to $20 billion. The decrease in sales is a result of a subpoena issued by the US Department of Justice (DOJ) to Nvidia, regarding concerns about potential antitrust violations. The Department of Justice’s inquiry into Nvidia’s conduct has raised broader apprehensions over the reliability of AI investments, especially those associated with prominent technology

Binance CEO Richard Teng denies reports that the exchange froze all Palestinian crypto assets

August 29, 2024 1 min read

Binance CEO Richard Teng has refuted accusations that the crypto exchange indiscriminately froze the funds of all Palestinian users, a situation that has raised alarm within the cryptocurrency community. Ray Youssef, the CEO of Noones and co-founder of Paxful, alleged that Binance had confiscated Palestinian funds upon the request of the Israel Defense Forces (IDF), which led to the emergence of these accusations. Youssef claimed that Binance impeded access to

Nigeria’s upcoming crypto tax reform praised as a game changer

August 27, 2024 1 min read

Nigeria’s Federal Inland Revenue Service (FIRS) is planning to restructure its tax system to incorporate cryptocurrency, a move described as a “game changer” by a key Nigerian organization. The proposed revisions seek to update tax regulations to better match with the changing financial landscape, thereby spurring economic growth and encouraging investment. The Nigeria Professionals in Diaspora Association congratulated the FIRS on its efforts to reform Nigeria’s tax rules, emphasizing the

Vitalik Buterin highlights the threat of bribery in Dark DAOs

August 17, 2024 1 min read

Vitalik Buterin, one of the co-founders of Ethereum, has expressed worries about bribery occurring in Decentralized Autonomous Organizations (DAOs). He emphasizes the necessity of implementing strong procedures to prevent such problems effectively. A team from Cornell University is investigating possible vulnerabilities in “dark” voting techniques used in DAOs. The authors introduce a novel measurement termed Voting-Bloc Entropy, which quantifies the level of decentralization in voting on DAO proposals. The use

BlackRock is now the largest digital asset fund manager, with an AUM of $22 billion

August 15, 2024 1 min read

BlackRock, the largest firm in the field of asset management, has surpassed Grayscale to become the leading manager of digital asset funds. This achievement is attributed to substantial inflows into its exchange-traded funds (ETFs) during the past several months. Since receiving clearance from the US Securities and Exchange Commission (SEC) in January, IBIT, BlackRock’s Bitcoin ETF, has experienced a net inflow of $20.37 billion. Over the last 24 hours, the