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
10 months ago
1 min read
Binance, the largest cryptocurrency trading platform, has revealed its plans to retire the deposit addresses and memos of several cryptocurrencies. The affected tokens include popular coins such as Bitcoin (BTC), XRP, Dogecoin (DOGE), Avalanche (AVAX), Internet Computer (ICP), Solana (SOL), and Monero (XMR). The retirement of these deposit addresses is scheduled to take place in the third quarter, spanning from July to September. Binance aims to migrate the addresses in batches to ensure a seamless user experience and enhance platform security. The exchange plans to notify impacted users via email, providing guidance on the steps required to migrate their addresses.
11 months ago
2 mins read
In a remarkable act of goodwill, a Coinbase executive has found and returned lost crypto valued at $322,873 to an unsuspecting user who was unaware of its existence. Conor Grogan, Coinbase’s head of product, made the surprising discovery and successfully located the owner of the assets. Grogan shared the news in a tweet, explaining that he had found the substantial sum for a stranger who had previously lost their life savings in a hack. He attached a screenshot displaying the address details and the impressive balance of Ethereum Classic (ETC). The Coinbase exec shed light on how this lost crypto
11 months ago
2 mins read
John E Deaton, the founder of the US crypto regulatory news platform CryptoLaw, has suggested that Cameron Winklevoss take legal action against Digital Currency Group (DCG) after carefully analyzing Winklevoss’ open letter to Barry Silbert. In a recent Twitter post, Deaton, a pro-XRP attorney, emphasized that if Cameron could substantiate his claims, it would be wise to file a lawsuit against Silbert and his company. Today, Cameron Winklevoss, a prominent American investor, took to Twitter to share a thread that included a screenshot of his open letter addressed to Barry Silbert, the CEO of venture capital firm DCG. This new
11 months ago
1 min read
An Ethereum (ETH) whale has recently caught the attention of crypto enthusiasts as it withdrew a staggering amount of ETH from the popular exchange Binance. Over the course of a month, the whale moved more than $91 million worth of the leading altcoin, according to blockchain tracking firm Lookonchain. Lookonchain’s data reveals that the Ethereum whale withdrew a total of 50,100 ETH, equivalent to $91.2 million, from Binance starting from June 8th. Interestingly, the whale has also engaged in staking, with a stake of 34,560 ETH, valued at approximately $65 million. In addition to the ETH withdrawals, Lookonchain also observed
11 months ago
2 mins read
Lookonchain, a smartmoney on-chain analytical platform, warned of a potential attack on PolyNetwork. Abnormal transactions involving significant amounts of SHIB, COOK, and RFuel for ETH have raised concerns, with hackers also transferring assets to new wallets, possibly preparing for a large-scale attack. Abnormal Transactions Trigger Alarm Lookonchain has flagged abnormal transactions on the PolyNetwork, indicating a potential attack. The platform reported the sale of 94 billion SHIB for 360 ETH, 495 million COOK for 16 ETH, and 15 million RFuel for 27 ETH. These large and suspicious transactions have raised concerns among investors and the broader crypto community. Metis DAO
11 months ago
2 mins read
Shiba Inu, the popular meme-based cryptocurrency, is making significant strides in its global adoption efforts, and the next destination on its journey appears to be Toronto, Canada. Although not explicitly mentioned in Shytoshi Kusama’s recent message, a short video released by the Shiba Inu executive team hinted at exciting developments. In a tweet, Shytoshi wrote, “Wen is so last year. The real question is.. #WHERE?”. It seems that Shiba Inu’s community has been eagerly asking for an exact date for the launch of Shibarium, the highly-anticipated Layer-2 scaling solution. According to earlier statements from the team, Shibarium is scheduled for
11 months ago
1 min read
MicroStrategy has made headlines again with its latest move in the digital asset realm. On July 28, the company announced the acquisition of an additional 12,333 Bitcoins (BTC) at an average price of $28,136. This significant investment of $347 million further solidifies MicroStrategy’s position as a key player in the Bitcoin market. With this recent purchase, MicroStrategy’s total Bitcoin holdings now stand at an impressive 152,333, obtained at an average purchase price of $29,668. The cumulative cost of these holdings amounts to approximately $4.52 billion as of June 27. Michael Saylor’s visionary leadership and unwavering belief in the transformative power
11 months ago
1 min read
Bitcoin managed to stay above the crucial $30,000 threshold while other leading cryptocurrencies saw gains, following the approval of the first leveraged Bitcoin futures ETFs by the U.S. securities regulator. This development comes as traditional financial institutions increasingly express interest in entering the crypto market, with JPMorgan launching euro-denominated transactions on its blockchain-based payment system. Bitcoin experienced a slight dip of 0.35% to $30,444 over the past 24 hours, but still showcased a strong weekly gain of 15.44%. Ether, the second-largest cryptocurrency, recorded a 1.18% increase to $1,898, with a weekly gain of 10.32%. Among the top 10 non-stablecoin cryptocurrencies,
11 months ago
1 min read
Renowned investor Jim Rogers has warned that the next bear market will be the most severe in his lifetime. In an interview with Real Vision Finance, Rogers drew parallels between the current economic landscape and the conditions preceding the Great Financial Crisis of 2008. However, he emphasized that the current setup is even worse due to the alarming levels of accumulated debt. Debt Accumulation Signals Impending Bear Market Rogers highlights the significant increase in global debt since the 2008 financial crisis. He asserts that the surging debt levels across various sectors pose a substantial risk to the stability of financial
11 months ago
1 min read
The popular memecoin Shiba Inu has reclaimed its position as the 15th largest cryptocurrency by market capitalization. With a notable surge of 13.6% in the past 24 hours, the bullish momentum of the canine coin can be attributed to the growing rate of Shiba Inu (SHIB) token burns. The SHIB Army community has successfully burned approximately 341 million SHIB tokens in just five transactions within a single day. This impressive burn rate comes close to last week’s total of 377 million SHIB tokens burned, demonstrating the commitment of SHIB holders. As of now, SHIB is trading at $0.00000832, as reported
11 months ago
1 min read
Kraken, one of the world’s largest cryptocurrency exchanges, saw a massive outflow of Bitcoin on June 22, 2023. According to data from the on-chain analytics platform Glassnode, the exchange saw a net outflow worth an estimated $225 million. This is the second-largest Bitcoin outflow in Kraken’s history, only surpassed by an outflow of 240,000 BTC in December 2017. The outflow comes at a time when the cryptocurrency market is facing increased volatility, with Bitcoin prices falling below $30,000. It is unclear why investors are withdrawing Bitcoin from Kraken. Some analysts believe that the outflow could be due to concerns about
11 months ago
1 min read
The meme-inspired cryptocurrency PEPE has experienced a surge of nearly 40% in its price over the past 24 hours, positioning it ahead of its competitors, Dogecoin (DOGE) and Shiba Inu (SHIB), in the midst of a broader recovery in the cryptocurrency market. PEPE’s Outperformance While PEPE has soared by double digits, Shiba Inu witnessed an 8.5% price increase, and Dogecoin saw a 6.5% uptick. The reasons behind PEPE’s exceptional outperformance during the crypto market recovery remain unclear. However, the rally in cryptocurrency prices coincided with the news of major financial institutions, such as BlackRock, Invesco, WisdomTree, and Deutsche Bank, submitting
