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
3 months ago
1 min read
In a recent Senate Committee hearing, US Senator Cynthia Lummis defended the crypto industry, claiming that the primary concern is with bad actors, not the assets themselves. Lummis, a vocal crypto supporter, advocates for a strong regulatory framework to prevent bad actors from abusing the system and to ensure that crypto businesses follow clear rules. Senator Lummis has been actively working to develop a comprehensive regulatory framework for the crypto industry. This year, she introduced the Lummis-Gillibrand bill, which seeks to improve oversight and regulation in the crypto space. The proposed legislation is intended to make it difficult for bad
3 months ago
1 min read
Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of 2024. Key players in Hong Kong’s crypto exchange landscape, including OSL Hong Kong and HashKey, are actively investigating this development. Gary Tiu, an executive at OSL Hong Kong, predicts that spot crypto ETFs will make their debut in the city within the coming months. According to reports, 5–10 companies are currently exploring this avenue, with approximately five making significant progress in this initiative. Tiu emphasizes the importance of maintaining reasonable fees, especially in a market with
3 months ago
1 min read
Former President Donald Trump has stated his intention to obstruct the development of a government-controlled digital currency. This announcement comes amid discussions between the Federal Reserve and many global banks about central bank digital currencies (CBDCs). During a recent speech in New Hampshire, Trump expressed his determination to prevent the establishment of a CBDC. His primary concern is that a government-controlled digital currency could give the authorities too much control power over monetary matters. He expressed concern that such a scenario could result in unprecedented levels of government influence, including unauthorized access to citizens’ funds. Trump’s stance reflects his commitment
3 months ago
2 mins read
Jupiter, a major player in the Solana DeFi (Decentralized Finance) space, has made a game-changing announcement. The DeFi aggregator is planning to distribute 1 billion JUP tokens in a carefully planned airdrop, signaling the start of a massive giveaway campaign. Meow, Jupiter’s visionary founder, shared this exciting news, outlining the details of the long-awaited token distribution. Jupiter’s airdrop, scheduled for January 31 at 10:00 a.m. EST, aims to enrich the Solana DeFi community by distributing 1 billion JUP tokens to deserving users. This strategic move is consistent with Jupiter’s commitment to encouraging community engagement and empowering its users. The airdrop
4 months ago
1 min read
In an interesting development, a holding wallet recently received nearly $1.2 million in Bitcoin (BTC) from the infamous North Korean hacker unit, Lazarus Group. This transaction has piqued the interest of cybersecurity professionals and blockchain experts, as it is one of the group’s largest transactions in the last 30 days. The Lazarus Group’s wallet was involved in two transactions totaling 27.371 BTC, according to Arkham, a blockchain research organization. This move coincides with the potential approval of a spot Bitcoin ETF in the United States, and investors anticipate increased volatility in the aftermath of the SEC’s decision. Around 3.34 BTC
4 months ago
1 min read
Visa recently unveiled its Web3 loyalty program, which aims to redefine customer engagement by introducing interactive treasure hunts and gamified prizes. Through a unique loyalty engagement solution, the program is designed to empower brands to improve customer interactions and build meaningful connections. The Web3 loyalty program from Visa aims to go beyond traditional reward systems. To provide customers with engaging and memorable experiences, the initiative includes interactive treasure hunts and gamified prizes. To create digital wallets for their customers, brands can use the Visa Web3 Loyalty Engagement Solution. These wallets act as a central storage location for reward points and
4 months ago
1 min read
Congressman Tom Emmer’s proposed bill, aimed at reducing surveillance through a central bank digital currency (CBDC), has received widespread support, with 75 cosponsors signing on. The bill, which was first introduced in January 2022 and reintroduced in September 2023, emphasizes the importance of protecting Americans’ financial privacy in the digital currency landscape. In the context of a potential CBDC in the United States, Emmer’s legislative effort places a strong emphasis on protecting individual privacy rights. The bill addresses concerns about government surveillance of transactions, especially with the introduction of digital currencies. The proposed measures aim to strike a balance between
4 months ago
2 mins read
Shiba Inu has seen significant whale activity in the last 24 hours, sparking speculation within the crypto community. According to reports, a Shiba Inu (SHIB) whale made a significant move, transferring around 4 trillion SHIB tokens to an unidentified wallet. This activity coincided with a decrease in the SHIB burn rate and a drop in the price of the crypto asset. The on-chain tracker Whale Alert revealed that the transfer was initiated by an unknown wallet, which moved a staggering 4,239,147,213,294 SHIB tokens to another unnamed wallet address. Despite the transaction’s high value, the associated gas fee was unusually low.
4 months ago
2 mins read
Shiba Inu (SHIB) has announced a strategic alliance with domain name startup D3 Global to secure its top-level domain (TLD) “.shib.” This move aims to improve the user experience in the Web3 landscape by giving Shiba Inu a distinct and easily identifiable digital address. The acquisition of the “.shib” TLD is analogous to organizations having unique endings such as “.com” or “.org” in their web addresses. A unique web address is analogous to having a recognizable street name in a city in the vast internet landscape, simplifying interactions within the digital world. Under the partnership, D3 Global will play a
4 months ago
1 min read
Solana, the blockchain sensation, is making headlines in the cryptocurrency market due to its exceptional performance. Within 24 hours, the native SOL token increased by 14%, reaching a remarkable nineteen-month high of $85. This surge not only increased Solana’s market capitalization by over 14% but also secured its place among the top five cryptos, with a current valuation of $36 billion, surpassing XRP. The increase in SOL’s price was not the only notable factor; trading volume also increased significantly, increasing by 115%. Solana’s rise began in early December when it broke through a long-standing resistance level at $68. Despite minor
4 months ago
2 mins read
BRC-20 tokens have emerged as high-performing assets, with ORDI, SATS, and MUBI driving significant gains for token holders. The increase in value for these tokens can be attributed to crypto exchanges’ recent listing announcement, which has contributed to their impressive upward trend. Ordinals (ORDI) ORDI, the BRC-20 token that is intricately linked to Bitcoin via the Ordinals Protocol, has experienced an extraordinary growth spurt, skyrocketing by more than 500% in just one month. ORDI has rapidly gained traction since its exchange debut in May 2023, with a market cap exceeding $1 billion. ORDI became the first BRC-20 token created using
4 months ago
1 min read
SafeMoon has filed for bankruptcy following fraud charges brought against it by the U.S. Securities and Exchange Commission (SEC). This development has sent shockwaves through the crypto community and caused a 14.4% plummet in the value of SafeMoon’s native token. The bankruptcy filing, made under Chapter 7, signifies SafeMoon’s intention to halt operations and liquidate assets to settle outstanding debts. The company acknowledges debts of approximately $500,000, while its assets are estimated to be within the $10 million to $50 million range. Top executives of SafeMoon, including Kyle Nagy, John Karony, and Thomas Smith, have also found themselves in legal
