Author: Nola Robert

Article written by Nola Robert

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

Coinbase expands services to Hawaii after regulatory changes ease restrictions

August 14, 2024 1 min read

Coinbase exchange has just extended its services to the state of Hawaii, offering a diverse array of alternatives for managing digital assets to its people. Hawaii’s Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) has implemented substantial regulatory changes that have created new opportunities for bitcoin firms in the state. \The strict rules in Hawaii have posed challenges for crypto exchanges to operate in the region, especially

Three Arrows Capital sues TerraForm Labs for $1.3 billion, alleging market manipulation that led to the LUNA crash

August 13, 2024 1 min read

Three Arrows Capital (3AC), a defunct crypto hedge fund, has initiated a legal action seeking $1.3 billion in damages from TerraForm Labs. The lawsuit claims that market manipulation orchestrated by TerraForm Labs resulted in substantial losses during the 2022 fall of LUNA and TerraUSD. The lawsuit alleges that TerraForm Labs artificially inflated the prices of LUNA and TerraUSD, prompting Three Arrows to invest in these tokens, resulting in significant financial

Gemini urges US authorities to reconsider a proposal that would ban event contracts

August 11, 2024 1 min read

Gemini, a digital currency exchange, has called on US authorities to reassess a proposition that seeks to prohibit event contracts on decentralized prediction markets, namely those related to election predictions. The exchange highlighted the adverse consequences of this legislation on prediction markets, including those that forecast elections. Cameron Winklevoss, one of the co-founders, highlighted the significance of crypto prediction platforms such as Polymarket, which offer users transparency. Winklevoss contended that

FTX exchange and trading firm Alameda Research to pay $12.7 billion to creditors

August 8, 2024 1 min read

A New York judge has approved a consent order for FTX exchange and Alameda Research to pay $12.7 billion to creditors, ending a 20-month lawsuit from the Commodity Futures Trading Commission (CFTC). The order does not include civil penalties but bans FTX and Alameda from trading digital assets and acting as intermediaries in the market. FTX filed for bankruptcy in late 2022, destroying billions of dollars in investor wealth. The