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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

Kraken Launches New Wrapped Bitcoin kBTC as Competition Heats Up

Kraken Launches New Wrapped Bitcoin kBTC as Competition Heats Up

In 2024, the global crypto market has seen significant developments, including the launch of Bitcoin ETFs and growing adoption by both institutions and governments. As we enter Q4, the momentum continues with new projects and innovations. The leading crypto exchange Kraken has joined the action by introducing its own wrapped

October 18, 2024 2 mins read
US Judge Spares Former FTX Exec Gary Wang from Prison Time

Former FTX Executive Nishad Singh Seeks to Avoid Jail Time

Nishad Singh, a former executive at the FTX cryptocurrency exchange, is making a plea to avoid prison time as he prepares for his sentencing on October 30. Singh’s legal team has described him as an “uncommonly selfless individual” in their recent filing, which includes over 100 letters of support from

October 17, 2024 2 mins read
Trump's WLFI Token Secures Just 4% of $300 Million Sale Goal

Trump’s WLFI Token Secures Just 4% of $300 Million Sale Goal

World Liberty Financial (WLFI), a new DeFi project backed by Donald Trump and his family, launched its token presale yesterday. Despite aiming to raise $300 million by offering 20 billion tokens, the project has only managed to raise about $12.72 million so far, selling around 848.06 million tokens, equivalent to

October 17, 2024 2 mins read
Is BONK Poised to Break Through Key Resistance Levels?

Is BONK Poised to Break Through Key Resistance Levels?

The global cryptocurrency market turned positive mid-Wednesday, with Bitcoin (BTC) hitting the $68K zone for the first time in three months, sparking enthusiasm among investors. This momentum also benefited meme coins, with Dogecoin (DOGE) and Bonk recording significant gains of 12% and 14%, respectively. The Solana-based meme coin BONK is

October 17, 2024 2 mins read
Italy Plans to Raise Bitcoin Capital Gains Tax from 26% to 42%

Italy Plans to Raise Bitcoin Capital Gains Tax from 26% to 42%

As countries all over the world are mulling over imposing stringent digital currency regulations, Italy has decided to increase its capital gains tax on Bitcoin (BTC) from 26% to 42%. Vice Economy Minister Maurizio Leo announced this change during a press conference discussing the country’s budget for 2025.  This announcement

October 16, 2024 2 mins read
Coinbase Files for Summary Judgment Against SEC Over Three-Year Delay

Coinbase Files for Summary Judgment Against SEC Over Three-Year Delay

The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by filing for partial summary judgment in an ongoing legal battle. This move follows the SEC’s denial of Coinbase’s requests for information regarding its cryptocurrency classification, particularly concerning whether assets like Ethereum (ETH)

October 16, 2024 1 min read
TIA Token Faces Price Drop Amid Celestia's Shwap Upgrade Launch

TIA Token Faces Price Drop Amid Celestia’s Shwap Upgrade Launch

The TIA token has seen a significant price drop of over 9.52% in the past 24 hours, sliding from a high of $6.41 to a low of $5.80. As of now, TIA is priced at approximately $5.84, showing a slight recovery from its intraday low. This decline comes despite the

October 16, 2024 2 mins read
Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop

Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop

Bitcoin (BTC) mining profitability took a hit in September 2024, as rising network difficulty and a steady Bitcoin price put pressure on miners. U.S. investment bank Jefferies highlighted that the network’s hashrate saw a 1.7% increase, making it tougher for miners to generate rewards despite Bitcoin’s value remaining mostly unchanged.

October 14, 2024 1 min read
SUI Begins the Week with New All-Time High Amid Market Optimism

SUI Begins the Week with New All-Time High Amid Market Optimism

SUI, the native cryptocurrency of the Sui Network, a leading layer-1 blockchain, has reached a new all-time high of $2.36, according to recent data from CMC. The surge occurred during early Asian trading hours, pushing the token beyond its previous high of $2.26, which was recorded two days earlier on

October 14, 2024 2 mins read