Articles by Palak Malhotra
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How NFTs are changing the Luxury Fashion Industry?

Non-Fungible Tokens (NFTs) have gained raging popularity in just a few months. The trend has taken over all market spheres, from traditional auction houses and multi-million-dollar art galleries; to commercial giants like Coca-Cola and Sports legends. High-end fashion houses dread the FOMO of this NFT trend and have joined the race of tokenizing their products.

Non-Fungible Tokens (NFTs) have gained raging popularity in just a few months. The trend has taken over all market spheres, from traditional auction houses and multi-million-dollar art galleries; to commercial giants like Coca-Cola and Sports legends. High-end fashion houses dread the FOMO of this NFT trend and have joined the race of tokenizing their products.

News
News

This South Asian Nation Wants to Wean Off US Dollar Dependence With its CBDC?

South Asian nation Cambodia is looking to replace the use of the US dollar, starting with its “Bakong”, central bank digital currency. The bet on CBDCs in Cambodia was made in lieu to later adopt the use of its own currency, the Riel in the country, and gradually shift away from the use of the

South Asian nation Cambodia is looking to replace the use of the US dollar, starting with its “Bakong”, central bank digital currency. The bet on CBDCs in Cambodia was made in lieu to later adopt the use of its own currency, the Riel in the country, and gradually shift away from the use of the

SEC vs. Ripple Lawsuit
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SEC vs. Ripple Lawsuit
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SEC vs Ripple: Judge Grants Request For Binance Documents; Why is it Critical for Ripple?

The recent development in the Ripple vs SEC lawsuit has come in defendant’s favor. Brad Garlinghouse’s Motion to Obtain International Discovery, i.e., Binance Documents from the Cayman Islands has been granted by the court. #XRPCommunity #SECGov v. #Ripple #XRP Brad Garlinghouse’s Motion to Obtain International Discovery has been granted. — James K. Filan 🇺🇸🇮🇪 (@FilanLaw)

The recent development in the Ripple vs SEC lawsuit has come in defendant’s favor. Brad Garlinghouse’s Motion to Obtain International Discovery, i.e., Binance Documents from the Cayman Islands has been granted by the court. #XRPCommunity #SECGov v. #Ripple #XRP Brad Garlinghouse’s Motion to Obtain International Discovery has been granted. — James K. Filan 🇺🇸🇮🇪 (@FilanLaw)

Blockchain News
Blockchain News

Singapore issues first “in-principle” regulatory license to a crypto exchange

The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This

The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This

News
News

Binance Malta Lawsuit: Binance Foundation awaits Patients record to dispose of €7 million donation

Binance’s Malta subsidiary has claimed that the exchange-run Blockchain Charity Foundation is waiting for the Malta Community Chest Fund to provide patient clearance, including patient’s medical bills and crypto wallet addresses. Binance has stated that the cryptocurrency assets have been “safely and transparently” stored on a cryptocurrency address easily accessible to the public. Binance argues

Binance’s Malta subsidiary has claimed that the exchange-run Blockchain Charity Foundation is waiting for the Malta Community Chest Fund to provide patient clearance, including patient’s medical bills and crypto wallet addresses. Binance has stated that the cryptocurrency assets have been “safely and transparently” stored on a cryptocurrency address easily accessible to the public. Binance argues

SEC vs. Ripple Lawsuit
News
SEC vs. Ripple Lawsuit
News

Ripple vs SEC: Brad Garlinghouse’s Counsel File Motion to Obtain Binance Documents

A recent development in the XRP lawsuit saw Defendant Bradley Garlinghouse submit a Letter of Request to the court, appealing to obtain Binance Holdings Limited documents from the Cayman Island authorities that are “relevant to the case and unobtainable through other means”. Hague Convention The plea is filed under the Hague Convention of 18 March

A recent development in the XRP lawsuit saw Defendant Bradley Garlinghouse submit a Letter of Request to the court, appealing to obtain Binance Holdings Limited documents from the Cayman Island authorities that are “relevant to the case and unobtainable through other means”. Hague Convention The plea is filed under the Hague Convention of 18 March

News
News

OpenSea Becomes NFT Marketplace Leader With 90% Market Share

The peer-to-peer non-fungible token (NFT) marketplace, OpenSea has skyrocketed in just a month, from 90.5 percent ETH transfers in June to 96.3 percent in July. The company has seen an exceptional market share value of over 90 percent, placing it at the top of the NFT marketplace. Chinese journalist, Colin Wu reported the hike in

The peer-to-peer non-fungible token (NFT) marketplace, OpenSea has skyrocketed in just a month, from 90.5 percent ETH transfers in June to 96.3 percent in July. The company has seen an exceptional market share value of over 90 percent, placing it at the top of the NFT marketplace. Chinese journalist, Colin Wu reported the hike in

Bitcoin News
Bitcoin News

US mining firm buys 30,000 antminers for over $120 million from Bitmain

One of North America’s Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s). The deal is valued at $120.7 million. Marathon has scheduled the delivery latest by June 2022. Post-delivery, the company would estimate more than 133,000 Bitcoin mining machines, that would produce approximately 13.3 EH/s upon

One of North America’s Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s). The deal is valued at $120.7 million. Marathon has scheduled the delivery latest by June 2022. Post-delivery, the company would estimate more than 133,000 Bitcoin mining machines, that would produce approximately 13.3 EH/s upon

Bitcoin News
Bitcoin News

Jack Dorsey’s Square to acquire fintech firm Afterpay for $29 Billion

Square announced yesterday that it will be signing a Scheme Implementation Deed with fintech firm, Afterpay. According to the deal, Square will be acquiring all the issued shares in Afterpay at approximately $29 billion, following the closing price of Square common stock on July 30, 2021. The acquisition will be completed by Q1, 2022. The

Square announced yesterday that it will be signing a Scheme Implementation Deed with fintech firm, Afterpay. According to the deal, Square will be acquiring all the issued shares in Afterpay at approximately $29 billion, following the closing price of Square common stock on July 30, 2021. The acquisition will be completed by Q1, 2022. The

Bitcoin News
Bitcoin News

Saudi Aramco Refutes Bitcoin Mining Claims, Calls it “False & Inaccurate”

The Multi-Billion-Dollar Saudi Arabian Oil Company, Saudi Aramco has debunked Bitcoin (BTC) mining rumors in the country. The news of the world’s largest oil producers gravitating towards the crypto sphere started floating over the weekend. Saudi Aramco is one of the top three oil-producing giants whose names were attached to crypto news. However, one of

The Multi-Billion-Dollar Saudi Arabian Oil Company, Saudi Aramco has debunked Bitcoin (BTC) mining rumors in the country. The news of the world’s largest oil producers gravitating towards the crypto sphere started floating over the weekend. Saudi Aramco is one of the top three oil-producing giants whose names were attached to crypto news. However, one of

Bitcoin News
Bitcoin News

Kyrgyzstan’s mining farm in private residence Raided; 118 BTC mining machines seized

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

Bitcoin News
Bitcoin News

Peter Schiff calls MicroStrategy’s Saylor “mad” for trying to Pump Bitcoin

Peter Schiff, the CEO of Euro Pacific Capital and a known gold enthusiast has taken to Twitter against MicroStrategy’s CEO, Michael Saylor’s stance. Schiff mocked Saylor on his recent comment about holding BTC “forever”. Peter Schiff calls Saylor “mad” and argues that BTC has no value, so even if Saylor takes it with him to

Peter Schiff, the CEO of Euro Pacific Capital and a known gold enthusiast has taken to Twitter against MicroStrategy’s CEO, Michael Saylor’s stance. Schiff mocked Saylor on his recent comment about holding BTC “forever”. Peter Schiff calls Saylor “mad” and argues that BTC has no value, so even if Saylor takes it with him to

News
News

Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

Blockchain News
Blockchain News

Just-in: Binance.US CEO reveals the exchange has no immediate IPO plans

Binance.US CEO, Brian Brooks revealed in a recent interview, that the exchange has no plans of opting for a public listing anytime soon. Instead, he emphasized Binance.US is in process of closing a private funding round with “impressive” investor portfolios. Brooks brought up the discussion about the first venture financing round while differentiating Binance.US from

Binance.US CEO, Brian Brooks revealed in a recent interview, that the exchange has no plans of opting for a public listing anytime soon. Instead, he emphasized Binance.US is in process of closing a private funding round with “impressive” investor portfolios. Brooks brought up the discussion about the first venture financing round while differentiating Binance.US from

Microstrategy
Bitcoin News
Microstrategy
Bitcoin News

MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at

News
News

Binance announces closure of all Futures and Derivative services across Europe

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their

Blockchain News
Blockchain News

FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY

FTX.US, a US-regulated cryptocurrency exchange saw its average daily volume grew 150x YoY, from June 2020 to June 2021 as per the 1H filing. The exchange touched the peak with $993 million during a 24-hour period on April 22, 2021. According to Cryptowatch, FTX.US held the top ranking in the US for deepest liquidity and

FTX.US, a US-regulated cryptocurrency exchange saw its average daily volume grew 150x YoY, from June 2020 to June 2021 as per the 1H filing. The exchange touched the peak with $993 million during a 24-hour period on April 22, 2021. According to Cryptowatch, FTX.US held the top ranking in the US for deepest liquidity and

News
News

Standard Chartered led crypto custody venture Zodia Custody gets FCA approval

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves

Bitcoin News
Bitcoin News

Tesla’s Bitcoin Holdings Back in Profit After BTC Breaks $40K

Tesla’s Bitcoin (BTC) holdings were barely afloat amid the global crypto decline. Tesla had bought $1.5 billion worth of BTC at approximately $35,000 at the beginning of 2021. However, they sold 10 percent, i.e., over $270 Million in the first quarter during the month of April when BTC was priced at $55k. Nevertheless, now that

Tesla’s Bitcoin (BTC) holdings were barely afloat amid the global crypto decline. Tesla had bought $1.5 billion worth of BTC at approximately $35,000 at the beginning of 2021. However, they sold 10 percent, i.e., over $270 Million in the first quarter during the month of April when BTC was priced at $55k. Nevertheless, now that

Bitcoin News
Bitcoin News

Bitcoin rewards app Lolli raises $10 Million in Series A Funding

The Bitcoin (BTC) reward application, Lolli announced today that it has raised over $10 Million in their latest funding round led by the venture firm, Acrew Capital. Furthermore, they shared that Acrew had collaborated with Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media influencers Josh

The Bitcoin (BTC) reward application, Lolli announced today that it has raised over $10 Million in their latest funding round led by the venture firm, Acrew Capital. Furthermore, they shared that Acrew had collaborated with Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media influencers Josh