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
5 months ago
1 min read
Santander Private Banking International, a division of Banco Santander, is launching a cryptocurrency trading service in Switzerland for its wealthy clients. This service enables high-net-worth clients to trade and invest in leading cryptocurrencies such as bitcoin (BTC) and ether (ETH), with plans to expand the offering to include additional digital assets in the near future. This novel approach stands out because clients can request the service, and the bank ensures the safe storage of digital currencies. Santander’s stringent criteria will determine which new cryptocurrencies will be added to the platform, emphasizing a cautious yet progressive approach. The fact that many
5 months ago
1 min read
The founder of ChatGPT and the face of OpenAI, artificial intelligence pioneer Sam Altman, had an unexpected turn in his career on Friday, November 17, when the OpenAI board decided to remove him from his roles as CEO and director. The action, which was called shocking, was attributed to Altman’s alleged inconsistent communication style. Even though Altman has made significant contributions to OpenAI—the company is currently valued at approximately $80 billion—the board stressed the significance of consistent leadership. The specifics of the decision have not been disclosed, but the board expressed confidence that the business can succeed in Altman’s absence.
5 months ago
1 min read
Santander Private Banking International, a division of the well-known Spanish financial services conglomerate Banco Santander, has introduced trading and custody services for Bitcoin (BTC) and Ethereum (ETH) to a select group of Swiss customers. This is a significant step toward incorporating cryptocurrencies into the traditional banking sector. Santander Private Banking International intends to expand its crypto services in the coming months by adding support for additional cryptocurrencies, joining the ranks of Bitcoin and Ethereum. The decision to enter the cryptocurrency space is notable, especially given that many large banks are wary of embracing public blockchain-based crypto. Investors hail Santander’s action
6 months ago
1 min read
In spite of legal difficulties, South Korean prosecutors are requesting an 8-year sentence for the former Bithumb chair in a fraud case, as the company plans to go public in 2025. Appeal for Fraud Against Former Bithumb Chair The former chair of the large cryptocurrency exchange Bithumb, Lee Jeong-hoon, is being prosecuted in South Korea and faces an eight-year prison sentence. The Seoul Economic Daily claims that this is the most recent development in a well-known fraud case. In 2018, Lee was charged with fraud in connection with a possible takeover of Bithumb. Even though he was previously released from
6 months ago
1 min read
Binance cryptocurrency exchange has partnered with Gulf Energy Development to launch a brand-new cryptocurrency exchange in Thailand. The collaborative venture, Gulf Binance, recently secured approval from Thailand’s Securities and Exchange Commission (SEC). This development marks a significant milestone for Gulf Binance, which obtained the necessary licenses in May and is now gearing up to kick off operations. The exchange is poised to offer various services, including digital asset exchange and brokerage, with a strong emphasis on security and strict adherence to SEC regulations. Initially, access to Gulf Binance will be by invitation only, offering a select group of users the
6 months ago
1 min read
The native token of the dYdX chain, DYDX/USD, has experienced a significant surge, witnessing a value increase of over 20% in the last 24 hours. This surge comes as the market anticipates a substantial token unlock date for early investors and core team members, scheduled in just 16 days. dYdX, originally a decentralized exchange (DEX), has recently expanded its operational scope by launching its own layer-1 blockchain, leveraging Cosmos technology. This strategic move has introduced a new rewards system where validators earn a share of trading revenues for sustaining the network. Over the past month, DYDX’s price has more than
6 months ago
1 min read
In a recent thread on Lookonchain, a prominent on-chain resource in the crypto market, an in-depth analysis of Ethereum’s (ETH) sentiment was conducted as it surpassed the $2,000 milestone and maintained its position for several days. The primary focus of the thread was to uncover whether crypto whales and influential investors expressed bullish or bearish sentiments toward ETH through their recent activities. Lookonchain’s tweets provided a detailed examination of whale movements within the Ethereum market. One notable observation was the activity of an Ethereum whale identified as “0xE4F4.” This influential investor transferred a substantial 26,406 ETH, valued at $54 million,
6 months ago
1 min read
Ethereum encountered a minor setback, witnessing a 3.83% decline in the past 24 hours, bringing its value to $1,980. This dip contrasts with its positive performance over the week, where the coin exhibited an uptrend of 7%, climbing from $1,879 to its current position. The decline in Ethereum’s value can be attributed to its recent struggle to surpass the $2,120 resistance level. Similar to Bitcoin, the digital asset experienced a corrective downturn, slipping below crucial support levels at $2,050 and $2,000. However, the bulls intervened, preventing further losses and establishing support around the $1,930 zone. As of now, Ethereum is
6 months ago
1 min read
FTX, the cryptocurrency exchange that faced financial difficulties and declared bankruptcy in November 2022, is taking legal action to recover almost $1 billion. The exchange’s estate is suing ByBit, a prominent crypto platform, alleging irregularities in token deals and voting. During FTX’s troubled period in November 2022, the exchange’s employees maintained a record of withdrawal requests from VIP customers in a spreadsheet labeled “VIP Request – Prioritize (Settlement).” The lawsuit filed by FTX’s estate claims that FTX’s settlement team gave special priority to substantial withdrawals by Mirana, which is the investment arm of ByBit. These prioritized transfers amounted to over
6 months ago
1 min read
In an effort to bolster its financial standing, the FTX crypto exchange has sold a significant amount of crypto assets, totaling around $316 million. These sales occurred between November 7th and 8th and involved various cryptocurrencies, including Solana (SOL) and Ethereum (ETH). Solana, in particular, accounted for a substantial portion of the sales, with FTX offloading 4.8 million SOL tokens worth around $187 million. Despite this significant selloff, Solana’s price remained resilient, even exhibiting a 5.22% increase in recent days. The sales were undertaken as part of FTX’s ongoing recovery efforts following a tumultuous period in 2022. The exchange has
6 months ago
1 min read
Cardano (ADA) may not be making big price moves, but it’s certainly making waves in the world of cryptocurrency. Recent data from analytics provider IntoTheBlock reveals that over $600 million worth of ADA has been accumulated in the $0.249 to $0.271 price range. This substantial investment activity suggests that major investors are quietly positioning themselves, expecting a potential breakout. Over the past month, the number of addresses holding between 100,000 and 1 million ADA has grown by 0.87%. More notably, wallets containing over $10 million worth of ADA have surged by an impressive 138.89%. This surge in investment activity from
6 months ago
1 min read
StablR, a company specializing in Euro-based digital money, has successfully secured €3.3 million in a recent seed round of funding. This investment will enable the company to expand its operations and further develop its offerings. Notable investors, including Deribit and Maven 11, have shown their support for StablR’s mission. Since its inception in August 2022, StablR has been on a mission to enhance the stability and safety of digital money, particularly Euro-pegged stablecoins. Over the past year, the company has minted over 10 million EurR coins. The focus of StablR is to provide a secure and transparent digital currency, and
