Author: Sophia Hernandez

Article written by Sophia Hernandez

The Resurgence of the Chinese Crypto Market: Implications for Investors and Their for Future Transactions

December 10, 2024 4 mins read

The shifting dynamics of the cryptocurrency landscape, particularly concerning China’s evolving position, are becoming increasingly evident. The forthcoming re-opening of the Chinese market for cryptocurrency is expected to have significant implications for global investors, transaction processing, and the broader crypto ecosystem. Historical Context: China’s Crypto Closure In 2017, the Chinese government enacted stringent regulations that effectively closed the crypto market to domestic investors. This drastic move led to a substantial

Justin Sun deposits $119.7M in Ethereum into HTX after Ethereum hit $4,000

December 9, 2024 1 min read

Justin Sun, the founder of Tron, has gained attention for depositing 29,920 ETH, worth $119.7 million, into HTX. This comes as Ethereum’s price surpasses $4,000. Sun made a big investment by buying 392,474 ETH from February to August 2023. He paid an average of $3,027 for each ETH, totaling around $1.19 billion. Right now, Sun’s estimated profit from this investment is $366 million, showing a 30% return. This does not

Microsoft shareholders to vote on assessing investing in Bitcoin

October 27, 2024 1 min read

Recent updates from the Securities and Exchange Commission (SEC) reveal that Microsoft is planning to present a proposal regarding Bitcoin investment at its upcoming shareholder meeting on December 9, 2024. However, it’s still uncertain whether this proposal involves Microsoft actually adding Bitcoin to its financial assets or merely exploring it as a potential investment. The trend of companies incorporating Bitcoin into their financial strategies began with MicroStrategy, a business intelligence

Solana Mobile unveils its new model, Seeker

September 20, 2024 1 min read

Solana Mobile has unveiled its second-generation Web3 phone, Seeker, which has garnered 140,000 preorders. The device, once referred to as Saga Chapter Two, is set for delivery in 2025 and will incorporate various new functionalities. Co-Founder Anatoly Yakovenko elucidates that the company intends to enhance the accessibility and affordability of Seeker, with its hardware and software intricately linked for web3. Notable features comprise a Seed Vault Wallet integrally built into

Russia is launching crypto trials to bypass international sanctions

August 27, 2024 1 min read

On September 1, Russia plans to conduct experiments using crypto exchanges and digital tokens for cross-border payments in order to avoid international sanctions. This action is critical for Russian enterprises that are struggling to make payments due to economic sanctions. During these experiments, the National Payment Card System (NSPK) will be used to enable ruble-to-crypto exchanges. In July, Russia’s parliament passed legislation to legalize crypto mining and establish a framework

The SEC’s concerns about Solana’s security status have delayed potential ETF approvals

August 20, 2024 2 mins read

The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the withdrawal of VanEck and 21Shares’ 19b-4 forms, which are crucial documentation for the listing of

Over $1.86 billion in Bitcoin and Ethereum set to expire

August 16, 2024 1 min read

The expiration of $1.86 billion worth of Bitcoin (BTC) and Ethereum (ETH) options is leading to heightened volatility in the cryptocurrency markets. The latest data on the US Consumer Price Index (CPI), which was below expectations, has introduced uncertainty into the market. As the expiration deadline approaches, traders and analysts are getting ready for possible price swings. Bitcoin currently holds options worth $1.4 billion that are slated to expire, whereas

BlackRock, the world’s largest asset manager plans to launch its own blockchain

August 14, 2024 1 min read

There are rumors that BlackRock, the largest asset manager globally with $10 trillion in assets under management, is contemplating the establishment of its own blockchain. This blockchain would be comparable to Coinbase’s Base Layer-2 network and aims to improve transparency, lower expenses, and make operations more efficient. Token Terminal has categorized crypto into three primary groups: conventional crypto assets such as Bitcoin (BTC), stablecoins like USDC, and tokenized assets like

WazirX crypto exchange restores users’ account balances

August 9, 2024 1 min read

WazirX, an Indian crypto exchange, has declared its intention to return all customer account balances to their original positions following a loss of $230 million to attackers on July 18, 2024. The decision was made due to a significant cyberattack that disrupted the platform’s operations and user activity. WazirX attributed the success of the attack to the attackers, who are believed by some to be state-sponsored actors from North Korea.

BlockFi completes the sale of its FTX claims, enabling final creditor payouts 

July 24, 2024 1 min read

BlockFi, a crypto lending company, has successfully sold its FTX claims, a significant step towards finalizing its bankruptcy process. The sale was completed at a premium to their face value, ensuring a near-term final distribution of 100% to all allowed customers and general unsecured creditors. Mohsin Y. Meghji, BlockFi’s plan administrator, confirmed the transaction in a report to the United States Bankruptcy Court for the District of New Jersey. In

Solana surpasses Ethereum and BNB Chain in DEX volume

July 23, 2024 1 min read

Solana has surpassed Ethereum and BNB Chain in decentralized exchange (DEX) volume, representing over 37% of total DEX traffic. This surge in value is attributed to growing confidence in the Solana network, as its total value locked (TVL) has surpassed levels seen before the 2022 bearish market. Factors contributing to this increase include the rise in trading of meme coins on Solana’s decentralized applications, the efficacy of apps built on

FireUp Finance Launches Its Alpha Mainnet on Binance Smart Chain (BSC)

July 18, 2024 1 min read

FireUp Finance has initiated the deployment of its Alpha Mainnet, signifying the shift from the development phase to a fully functional and active ecosystem. The platform prioritizes user experience, self-custody, and transparent pricing, which will lead to a new era in decentralized finance (DeFi) possibilities. Waveslab Ventures, a blockchain firm, addressed its confidence in FireUp Finance’s infrastructure and its ability to make a valuable contribution to the DeFi ecosystem. They