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.
Mike Novogratz Mocks Warren’s Anti-Crypto Stance in Latest Twitter Spat
U.S. Senator Elizabeth Warren recently tweeted that Silvergate Bank’s bankruptcy is regrettable but unsurprising given that it was the preferred bank for cryptocurrency. She said she had found serious due diligence shortcomings and warned of Silvergate’s dangerous and criminal behavior. Customers now need to be compensated, and regulators need to take action against the crypto …
Sohrab Khawas·10 Mar 20232 min
Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for crypto firms, along with Signature Bank. The liquidation announcement caused the stock to plunge more than 36% in after-hours trading. Reasons for …
Sohrab Khawas·9 Mar 20232 min
Factors Why Mt.Gox’s Impending $3 Billion Bitcoin Settlement May Not Cause a Sell-off
In the previous week alone, Bitcoin declined by more than 5% as traders anticipated potential effects on the cryptocurrency market from the Mt.Gox exchange’s impending creditor payouts. The fact that the Mt. Gox liquidator has chosen to finish paying creditors by September of this year is one factor weighing down on Bitcoin. If creditors of …
Sohrab Khawas·6 Mar 20232 min
Will Citadel Step up And Save a Drowning Silvergate? Here’s What To Know
The cryptocurrency industry is on edge once again as leading crypto-friendly bank Silvergate is on the verge of failure, just 4 months after the collapse of FTX. Fear and uncertainty have taken over the markets as some of the largest players in the sector visited the bank. Since the FTX collapse caused a run on …
Qadir AK·4 Mar 20231 min
The Author Who Said Bitcoin Will Hit $500K Predicts World Economy to Collapse
The author of the book “Rich Dad Poor Dad” and a former well-known real estate investor Robert Kiyosaki believes that the world economy is about to collapse. According to the author, who is also a Bitcoin enthusiast, the world should prepare for bank runs. He thinks purchasing silver coins is a solution to the current …
Sohrab Khawas·2 Mar 20232 min
Top 2 Must-Watch Events That Could Send Ripple Soaring in March 2023
As the cryptocurrency market continues to show signs of volatility, all eyes are on XRP and the key events expected to take place in March that could have a significant impact on the digital token. XRP has had a challenging few weeks, with its value threatened by a number of factors, including ongoing legal battles …
Sohrab Khawas·1 Mar 20232 min
Grayscale Shall Emerge Victorious Against The SEC, Predicts XRP Attorney Deaton
There have been recent developments in the Ripple v SEC case. Deaton has been keeping the public informed of the case’s developments on a regular basis. As the case draws to a close, any fresh information can tilt the scales in XRP’s favor. Could grayscale be the final piece of the puzzle? Let’s explore. Grayscale …
Sohrab Khawas·1 Mar 20232 min
Crypto Market Liquidity Dwindling, Sparks Concern Among Traders
The Bitcoin (BTC) and Ethereum (ETH) industries have a combined crypto market dominance of approximately 61 percent. Most of the altcoin and the stablecoins industries significantly depend on the success of the top two digital assets. As such, market analysts closely monitor the liquidity of the top two digital assets to understand how well the …
Sohrab Khawas·28 Feb 20231 min
Crypto Crash Looming? SEC Might Label All Cryptocurrencies Except Bitcoin as Securities
The United States Securities and Exchange Commission (SEC) has intensified its altcoin crackdown, with Bitcoin narrowly escaping the regulator. The SEC Chair Gary Gensler has time and again argued that cryptocurrency projects that participated in initial coin offerings (ICOs), initial DEX offerings (IDOs), and initial exchange offerings (IEOs) are to be considered a security. Additionally, …
Sohrab Khawas·27 Feb 20231 min