Sophia Hernandez
Sophia Hernandez is an experienced crypto writer who has been writing about crypto and blockchain technology for 3 years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.
Articles by Sophia Hernandez
12 months ago
1 min read
Binance, the world’s largest cryptocurrency exchange, has announced that it will delist privacy tokens in France, Italy, Spain, and Poland. The decision comes as regulators in these countries have become increasingly concerned about the use of privacy tokens for criminal activities. The affected tokens include Decred (DCR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), BEAM (BEAM), Monero (XMR), and MobileCoin (MOB). Privacy tokens are a type of cryptocurrency that allows users to conceal their identity. This makes them attractive to criminals who want to launder money or finance illegal activities. Regulators
12 months ago
1 min read
In a new interview on the “What Bitcoin Did” podcast, BitMEX founder Arthur Hayes said that the macro environment is starting to look favorable for Bitcoin (BTC). Hayes said that the US government is likely to wait until the last moment to raise the debt ceiling, which could lead to financial disruptions in the coming months. He also said that the issuance of fresh liquidity to fund the US government’s debt could provide the catalysts for a burst to the upside for Bitcoin. “It’s gonna be interesting, the timing of that, because is that going to coincide with sort of
12 months ago
1 min read
Hardware wallet maker Trezor’s sales have skyrocketed by 900% week-over-week, as crypto investors seek out more secure ways to store their digital assets. The spike in sales comes amid concerns about the security of other hardware wallets, such as Ledger. Ledger recently proposed a new feature that would allow users to export their wallet’s private keys to Ledger, which some crypto investors saw as a security risk. Trezor does not offer a similar feature, and its hardware wallets are known for their high level of security. Trezor wallets store private keys offline, making them much more difficult to hack than
12 months ago
1 min read
Singapore state investor Temasek Holdings has cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange. The move comes after Temasek conducted an internal review of its investment in FTX, which resulted in a writedown of $275 million. FTX, once valued at $32 billion, filed for bankruptcy protection in the United States in November. Other investors, including SoftBank and Sequoia Capital, declared their investment zero following the bankruptcy filing. Temasek’s Chairman, Lim Boon Heng, expressed disappointment over the investment outcome and its negative impact on Temasek’s reputation. “Although there was no misconduct by the investment team
12 months ago
1 min read
A dormant Ethereum wallet containing $14.8 million in ether has been activated after eight years. The wallet first made a test transaction with 1 ether ($1,845) before sending the remaining 7,999 ether to another address. The wallet was created in 2015 and was used to participate in the Ethereum ICO or initial coin offering. At the time, ether was trading for around $0.31 per token, or just shy of $2,500 in total. That means the owner is sitting on a 591,900% return on investment at current prices. The funds have been moved to another wallet with limited transaction history. The
12 months ago
3 mins read
The world’s largest crypto exchange by trading volume, Binance, has launched a new non-fungible token (NFT) loan feature. The platform will offer zero gas fees and the ability to borrow Ethereum (ETH) without the need to sell assets. The loan feature aims to cater to those who want quick access to funds but don’t want to part with their NFTs. It uses what Binance calls a “Peer to Pool” mechanism with Binance NFT acting as a loan pool, and the amount of ETH that users can borrow depends on the floor price of their NFTs. Data for the system comes
12 months ago
1 min read
Binance Pay, a cryptocurrency payment solution launched in 2021, has seen growing interest in emerging markets, according to a regional Binance executive. In an interview with Cointelegraph, Pakning Luk, regional business development lead for Binance Pay, said that the service has attracted over 30 million users in specific regions, including Africa, Eurasia, and Eastern Europe. Luk attributed the growth of Binance Pay in emerging markets to a number of factors, including the increasing adoption of crypto in these regions, the growing demand for convenient and affordable payment methods, and Binance’s strong brand recognition. “We are seeing a lot of interest
12 months ago
2 mins read
German banks are slowly starting to open up to cryptocurrencies, but mostly for institutional investors. This is a significant development, as Germany is one of the world’s leading financial centers. In recent months, several German banks have announced plans to offer crypto services to institutional clients. For example, Deutsche Bank has said that it will offer custody services for cryptocurrencies to institutional investors. Commerzbank has also said that it is exploring the possibility of offering crypto services to institutional clients. These moves by German banks are a sign that the financial industry is taking cryptocurrencies more seriously. However, it is
12 months ago
1 min read
In a move that could help mainstream Bitcoin and Ethereum, Microsoft and Goldman Sachs have announced a partnership to promote the use of cryptocurrencies. The partnership will see Microsoft provide Goldman Sachs with access to its Azure cloud computing platform, which will be used to develop and deploy blockchain-based applications. Goldman Sachs will also be able to use Microsoft’s artificial intelligence and machine learning capabilities to improve the security and efficiency of its cryptocurrency trading operations. The partnership is a major coup for the cryptocurrency industry, as it shows that two of the world’s largest financial institutions are taking cryptocurrencies
12 months ago
2 mins read
Coinbase has launched a new Web3 wallet solution called “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC) protocol. WaaS reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. It is equipped with MPC for both key generation and message signing, which ensures the maximum security properties of these decentralized algorithms. According to the post, customers using the MPC wallet solution can create, access, and recover their wallets with just a username
12 months ago
1 min read
Pakistan’s government has set a goal of producing 1 million AI-trained IT graduates by 2027. This goal is part of the country’s National Artificial Intelligence Policy, which was launched in 2022. The policy aims to make Pakistan a global hub for AI research and development. To achieve this goal, the government is investing in AI education and training, as well as in the development of AI-enabled businesses and industries. The government’s goal of producing 1 million AI-trained IT graduates is ambitious, but it is achievable. Pakistan has a large and growing population of young people, and many of them are
12 months ago
2 mins read
The latest court filings in the bankruptcy case of FTX suggest that the company is working on a plan to reboot its operations. The filings show that new CEO John J. Ray III has been working on a “2.0 reboot of exchange material for distribution” to investors. Ray first floated the idea of restarting FTX in January of this year. “Everything is on the table,” he said at the time. “If there is a path forward on that, then we will not only explore that, we’ll do it.” At the time, there were reports that the failed exchange had uncovered
