Author: Nola Robert

Article written by Nola Robert

US Department of Justice Cracks Down on Drug Traffickers, Seizes $54 Million in Crypto

November 3, 2023 1 min read

On November 2nd, US federal officers moved to seize crypto valued at $54 million from a drug ring operating out of New Jersey, according to the US Attorney’s Office. This group of convicted drug dealers had amassed a stash of digital wallets filled with laundered crypto, the officials disclosed. These ill-gotten gains were the result of their drug-related activities spanning from 2010 to 2015. The convicts had employed various cryptocurrencies

U.S. SEC Subpoenas PayPal for Information on PYUSD Stablecoin

November 3, 2023 1 min read

The U.S. SEC recently issued a subpoena to PayPal concerning its PYUSD stablecoin, which is pegged to the U.S. dollar. In their Q3 financial report submitted to the SEC on November 2, PayPal disclosed the receipt of the subpoena from the SEC’s Enforcement division, specifically regarding the PYUSD stablecoin. According to PayPal, this subpoena was delivered on November 1, requesting specific record production. The payment company has been cooperative in

Solana Hits 15-Month High – What’s Behind the Surge?

November 2, 2023 1 min read

Solana has been on a remarkable run lately, with its value surging by 81% in the past month. During the last week alone, it saw a more than 30% increase in price, marking a comeback that’s been quite the showstopper. In contrast, Ethereum only managed to muster an 11% gain in the same timeframe. However, it’s essential to keep in mind that Solana still has some ground to cover, as

President Biden’s Executive Order Sets New Standards for AI with a Focus on Consumer Welfare

October 31, 2023 2 mins read

President Joe Biden has taken a step in artificial intelligence (AI) by signing the first-ever executive order on AI in the United States. This executive order introduces a range of measures to ensure the safety and trustworthiness of AI technologies. The executive order is designed to have an immediate and tangible impact on AI development and use. It carries the full weight of the law to make AI technologies safer,

Hashflow (HFT) to unlock 74% of its circulating supply on November 7

October 30, 2023 1 min read

Hashflow (HFT) is gearing up to release a significant amount of its circulating supply, with 74% of its tokens set to be unlocked on November 7. This release amounts to 160.38 million HFT tokens, with a total value of $44.97 million. The tokens are designated for various beneficiaries within the Hashflow ecosystem: This token unlock event signifies a significant milestone for Hashflow and will impact the project’s circulating supply, potentially

Dogecoin (DOGE) Sees 29% Surge as Bulls Target Sustained Momentum

October 27, 2023 1 min read

Dogecoin (DOGE) had a 29% surge over the past week. Its current price stands at $0.0708, solidifying its position as one of the top-performing coins in the top 10 by market capitalization. Some skeptics have doubted the staying power of DOGE’s recent gains. However, a notable analyst, Rekt Capital, sees the recent price spikes as a “moment of truth” for the meme-inspired cryptocurrency. In a tweet, Rekt Capital highlighted the

US SEC and Ripple Prepare for November 9 Lawsuit

October 21, 2023 2 mins read

The ongoing XRP lawsuit saga between the U. Securities and Exchange Commission (SEC) and Ripple Labs has taken another twist, with a crucial meeting scheduled for November 9. While the charges against Ripple’s top executives have been dropped, the broader legal issues surrounding XRP remain unresolved, making this upcoming meeting a pivotal moment for the future of digital assets in the United States. The Significance of November 9 The November

Managing Director of Binance France departs From the Exchange

October 19, 2023 1 min read

Stéphanie Cabossioras, who served as the Managing Director of Binance France, has recently announced her resignation, making her the latest senior executive to depart from Binance this year. Her departure marks at least the tenth high-ranking executive to leave the prominent cryptocurrency exchange during this period. David Prinçay, the President of Binance France, confirmed Cabossioras’ departure and expressed his appreciation for her contributions. He stated, “We thank Stéphanie for her

This company is the top electric car maker in the world, not Tesla: but will they accept crypto

October 19, 2023 3 mins read

China’s electric vehicle (EV) manufacturer, BYD, is gaining ground on its American rival, Tesla, as it surpasses Tesla in quarterly production and becomes the world’s second-largest producer of EVs. The success of BYD is a reflection of China’s growing auto industry and the shift towards cleaner technology. It also highlights the challenges faced by Western countries trying to reduce their reliance on Chinese goods. BYD’s journey began as a battery

The world’s most valuable chip company Nvidia and iPhone maker Foxconn partner to build “AI factories”

October 19, 2023 2 mins read

Nvidia and Foxconn, the manufacturer behind Apple’s iPhones, have teamed up to create “AI factories,” a novel type of data center. These centers will rely on Nvidia chips to power a broad spectrum of applications, including training autonomous vehicles, running robotics platforms, and managing extensive language models. This partnership comes in the wake of the US announcing new export restrictions on advanced chips to China, which impacts Nvidia. These restrictions

Google Pixel 8 series can now charge faster

October 18, 2023 2 mins read

Google has addressed a significant pain point with its new Pixel 8 and Pixel 8 Pro smartphones: their charging speeds. The previous generation, the Pixel 7 and 7 Pro, left users waiting for around 100 minutes to fully charge their devices, which was far from ideal. However, the tech giant has taken steps to rectify this issue with the latest models. Using Google’s official 30W charger, the Pixel 8 can

Ethereum Foundation Sells $2.7 Million Worth of ETH, But Keeps $500 Million

October 11, 2023 1 min read

The Ethereum Foundation recently conducted its most substantial single transaction of the year, selling 1,700 Ether ($ETH) on the decentralized exchange Uniswap for approximately $2.73 million in USDC. This move reflects their active management of cryptocurrency holdings. Data from on-chain monitoring service Spot On Chain indicates that this transaction contributes to the Ethereum Foundation’s total ETH sales for the year, now amounting to 2,262 tokens. Most of these sales occurred