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Sarala

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.

Posts by Sarala

Ripple

Ripple Claims First Winning Against SEC

Defense lawyer James Filan won the attorney-client privilege argument.  SEC regulator only has two weeks to submit the appeal. The Securities and Exchange Commission (SEC) took a hit in its case against Ripple, a U.S. judge Sarah Netburn rejected the SEC’s claims for attorney-client privilege regarding internal files relating to

July 13, 2022 2 mins read
Kazakhstan Regulations Added Amendment on Crypto Mining

Kazakhstan Regulations Added Amendment on Crypto Mining

Taxes will be calculated based on the average cost of the electricity used to make coins. PIT rate on dividends was raised from 5% to 10% under the new Tax Code. A bill extending Kazakhstan’s Tax Code to impose higher tax rates on cryptocurrency miners has been enacted by the

July 13, 2022 2 mins read
Yuga Labs Announces Launch of Official Book on CryptoPunks

CryptoPunk NFT Rises up Through a Recent Million Dollar Sale

CryptoPunk 4464 sold for $2,615,224.91. Ethereum traded at $1,060.29 with a trading volume of $13,097,548,474. CryptoPunk 4464 NFT, was recently sold for 2,500 ETH via OpenSea, the first and largest web3 marketplace for NFTs and crypto gems in the world. CryptoPunks is a generative art collection and the first NFT-based digital

July 13, 2022 2 mins read
Once Again Euro Sinks to Lowest Level Against US Dollar

Euro Slides To Its 20-Year Low, USD Soon To Flip EUR

For the first time in 20 years, the US dollar has surged over the euro. Euro surges over 40% from its all-time high of €1.5990. The euro’s common currency exchange rate turned closer in line with the US dollar, as heat concerns and the risk of economic downturn weighed on

July 12, 2022 2 mins read

Fifth Largest Swiss Bank Offers Crypto Trading and Custody Services

PostFinance allows its customers to trade Bitcoin by 2024. Last year, revenues from Swissqoute crypto trading services were over $103 million. The Swiss Post Office has announced plans to expand its cryptocurrency offering by launching a trading and custody service through its banking arm PostFinance. Despite the volatile cryptocurrency market,

July 12, 2022 1 min read
Celsius Network Minimizes Debts Amid Bankruptcy Battle

Celsius Network Minimizes Debts Amid Bankruptcy Battle

Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the troubled cryptocurrency lender Celsius Network which has suspended customer withdrawals due to liquidity issues has paid off $113 million on its

July 12, 2022 2 mins read
MT. Gox’s Bitcoin Facing Huge Dump After Shinzo Abe's Death

MT. Gox’s Bitcoin Facing Huge Dump After Shinzo Abe’s Death

Bitcoin traded at $20,458 with a trading volume of $26 billion. Mt. Gox sold 25,000 Bitcoins in 2018 for around $260 million. MT. Gox, a Tokyo-based cryptocurrency exchange ranked as the most significant Bitcoin exchange in the world before it lost 850,000 BTC in 2014. Now it has transferred 150,000

July 11, 2022 1 min read
Court Denies SEC’s Motion To Revoke Amici Status and Bar John Deaton

Is SEC Being Against Public’s right to Access in Ripple Case?

Ripple criticizes the SEC for their unprecedented request. The court ordered SEC to present its case for sealing by June 14. The Security Exchange Commision (SEC) is taken the extreme position that the identities of its experts and any significant commentary of their reports should remain secret request for an

July 11, 2022 2 mins read
Kevin O’Leary Criticizes Coinbase CEO for Going Against SEC

Kevin O’Leary Foresees Further Dips In The Crypto Market

Kevin O’Leary holds the 32nd position in the digital asset sector. Kevin is still on the lookout for a significant capitulation event. In a recent interview with the investment channel on YouTube, Shark Tank star and venture capitalist Kevin O’Leary stated his belief that digital assets have not bottomed out.

July 11, 2022 1 min read
NFT Platform Azuki Introduces Physical Backed Token (PBT)

Polygon Network Supporting NFTs Buy Now Pay Later

A buy-now, pay-later option for NFTs has been introduced by Teller. 10 prominent NFT projects are supported by the Polygon network. Teller Finance, a decentralized finance (DeFi) lending platform, has introduced a new feature that allows users to buy now pay later (BNLP) for non-fungible tokens. “Ape Now, Pay Later”

July 8, 2022 1 min read