Author: Sophia Hernandez

Article written by Sophia Hernandez

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 As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process.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

Crypto investments hit $18B YTD, driven by Bitcoin’s surge amid German sales

July 16, 2024 2 mins read

The cryptocurrency industry has experienced a significant increase in investments, totaling around $18 billion year-to-date (YTD), surpassing the highest levels recorded in 2021. Last week, Bitcoin (BTC) experienced a net inflow of $1.44 billion, mainly due to its sales in Germany and strong US Consumer Price Index (CPI) statistics. The rise in value can be ascribed to the German Government’s sale of Bitcoin and the release of US CPI data

Polygon (MATIC) investors remain optimistic despite recent price drops

July 9, 2024 1 min read

Polygon (MATIC) is currently trading below $0.50, with investors waiting for a positive trigger to start recovery. Despite recent losses, the asset’s adoption rate remains steady at 34%, indicating that its value and utility are being recognized. This consistent interest bodes well for the token’s long-term prospects as it continues to gain traction. The best hope for MATIC’s recovery lies with its investors, who remain optimistic despite bearish trends. The

OpenSea CEO remains optimistic about the future of NFTs, emphasizing growth

May 30, 2024 1 min read

Despite market volatility, OpenSea CEO Devin Finzer remains optimistic about NFTs. Finzer told BeInCrypto that digital assets are growing, trends are evolving, and new collaborations are underway. Due to rising gaming and physically supported NFT demand, Finzer said NFTs are not declining. OpenSea has worked with Courtyard on Pokémon card initiatives and Parallel and Revolving Games. “We see emerging use cases popping up on OpenSea all the time,” he added.

Ethereum Whale Transactions Are At Their Highest Since March

May 23, 2024 1 min read

Market research platform IntoTheBlock revealed how Ethereum (ETH) whales have gotten active in a new X article. The analytics business records the number of Ethereum transactions worth more over $100,000 as the “Number of Large Transactions,” which is of importance here. Only whale entities can make such significant single transaction changes, thus these huge investors like to make them. The Number of Large Transactions indication shows whether this cohort is