Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Will Coinbase Relist XRP Following Judge’s Ruling? CLO Suggests Possibility
Coinbase, the popular US cryptocurrency exchange, may resume trading XRP, the native token of Ripple if the judge rules in favor of Ripple in the ongoing lawsuit with the US Securities and Exchange Commission (SEC). However, the decision to relist XRP will depend on several factors, said Paul Grewal, Coinbase’s Chief Legal Officer (CLO), during …
Sohrab Khawas·17 Mar 20232 min
SEC Chair Says PoS Crypto Tokens are Securities, Clashes with CFTC
The United States Securities and Exchange Commission Chairperson Gary Gensler reiterated that all proof-of-stake (PoS) crypto tokens should be registered as securities. According to Gensler, creators of PoS protocols often promote their projects on social media, thus luring investors based on the expectation of earning a return. Without naming any crypto token, Gensler indicated that …
Sohrab Khawas·16 Mar 20231 min
Shibarium Blockchain Drama Causes 10% Drop in Shiba Inu (SHIB) Price
The Shiba Inu (SHIB) ecosystem has been thrilled by the launch of the Shibarium layer 2 public testnet. However, the rehearsal dance stopped after a discord user spotted a discrepancy in Shibarium chain ID. Reportedly, Shibarium developers copied Rinia testnet genesis files but forgot to change the chain ID. As such, Shiba Inu’s price dipped …
Sohrab Khawas·16 Mar 20231 min
Coinbase Delisting Six Major Altcoins: Here’s The Real Reason!
Coinbase Global, the largest digital asset trading platform in the U.S., has announced that it will suspend the trading of six major cryptocurrencies from its platform. The decision comes after a routine internal review carried out by the exchange for the month of March. Reasons for Delisting Six Altcoins In a recent tweet, Coinbase stated …
Sohrab Khawas·16 Mar 20232 min
The US Banking Crisis’s Domino Effect: Which Banks Could Be Next To Fall?
There have been numerous financial industry crises recently, which have created tremendous chaos. Initially, when FTX’s stock fell, another victim was claimed by the collapse of the well-established US Bank Silvergate capital. In a collapse that shook international markets, SVB Financial Group, a lender with a focus on startups, on March 10 became the largest …
Sohrab Khawas·16 Mar 20232 min
Ethereum Founder is on a Selling Spree, Here’s What it Could Mean
Vitalik Buterin, the founder of Ethereum (ETH) has been making headlines after he recently transferred 200 ETH to the Kraken cryptocurrency exchange. While trying to sell, investors often transfer their cryptocurrency to exchanges. The Ethereum founder used the ETH hoard as collateral on Reflexer to create 150,000 RAI tokens, according to earlier Peckshiled reporting. Then, …
Sohrab Khawas·14 Mar 20231 min
Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?
The collapse of Silicon Valley Bank (SVB) has caused worry in the crypto industry, especially for investors who use stablecoins like USDC and USDT. Let’s see how this affects these stablecoins. USDC and SVB Circle, the company behind USDC, had $3.3 billion or 8% of its reserves at Silicon Valley Bank (SVB) before its collapse. …
Sohrab Khawas·11 Mar 20232 min
CryptoGPT: What’s All The Hype About the Newly-Listed GPT Coin
CryptoGPT is a blockchain technology designed to usher in a trillion-dollar data and artificial intelligence (AI) revolution. This idea is unique as it combines AI and blockchain technology to create an ecosystem that handles data as an asset class. CryptoGPT has gained a lot of attention recently due to its unique features. The AI-to-Earn feature …
Qadir AK·11 Mar 20232 min
Why Crypto Market Crashed Today? Here Are the Top 6 Reasons
Lark Davis, a popular crypto analyst and content creator, recently highlighted six potential factors that could impact cryptocurrency markets, specifically Bitcoin and Ether, in the coming months. Mt.Gox Creditors’ Deadline On March 10, the deadline for the Mount Gox creditors to receive their coins back is set to take place. A total of 142,000 Bitcoins …
Sohrab Khawas·10 Mar 20232 min