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.
Ripple CEO Hails Progress In Crypto Regulation Worldwide, Points Out USA’s Flaws
The evolution of cryptocurrencies from speculative investment to a new asset class has caused governments all around the world to look for ways to regulate them. Steps are being taken to make crypto a safer investment option without penalising the crypto firms or running them to the ground. The US, however, tends to address the …
Sohrab Khawas·10 Feb 20232 min
These Crypto Tokens Might Be The Best Bet in the Event of a US Staking Ban
As soon as we all woke up today, the heartbreaking news that the leading cryptocurrency exchange Kraken had agreed to stop its cryptocurrency staking program in the United States and pay $30 million in fines as part of a settlement with the Securities and Exchange Commission was all around us. Through its crypto asset staking-as-a-service …
Sohrab Khawas·10 Feb 20232 min
Michael Burry Returns To The Spotlight: Is He Now Predicting Bullish Or A Bearish Trend?
Wall Street’s most revered investor, Michael Burry, appears to agree with the bleak prognosis that the U.S. economy will enter a recession in 2023. The inflation rate has reached its high, Burry tweeted on January 1. “Of course, this is hardly the cycle’s final zenith. Recession by any measure is projected to hit the United …
Sohrab Khawas·9 Feb 20232 min
Ripple CTO Sounds Alarm On Controversial XRP Buyback Proposal, Labels It A “Scam”
The XRP buyback theory is a proposition proposed by Jimmy Vallee of Valhill Capital in 2021, who backed XRP to become the world’s reserve currency. Vallee stated that in the future, the global financial system would require a scalable digital asset to address the issue of massive national debts. However, he said that in order …
Sohrab Khawas·6 Feb 20232 min
Crypto Market Watch: What’s In Store For Bitcoin Price Ahead of Federal Reserve Chairman’s Speech
Bitcoin ended last week with a bearish trend for the first time in five weeks. It reached a high of $24k but dropped to below $23k during Monday’s Asian trading session. According to Coinglass, over $97 million was liquidated in the cryptocurrency market as traders took profits. Moreover, there has been a shift in crypto …
Sohrab Khawas·6 Feb 20231 min
The Future of $600 Million Robinhood Shares in Jeopardy as Emergent Fidelity Files for Bankruptcy
Emergent Fidelity Technologies, a firm co-founded by FTX founder Sam Bankman-Fried and former executive Gary Wang has recently made headlines with its filing for Chapter 11 bankruptcy protection. This move has sparked questions about the future of the company and its valuable assets, particularly its 56 million shares of Robinhood Markets (HOOD) stock. The Value …
Sohrab Khawas·4 Feb 20231 min
Jump Trading Transfers Lido: LDO Price Dips As Sell Pressure Increases
After holding Lido DAO (LDO) tokens for nearly six months without selling, investment company Jump Trading has engaged in a series of LDO token transfers to the Binance cryptocurrency exchange. The Jump Trading LDO transfers have coincided with price dips due to an increase in sell pressure. The ERC 20 token which grants holders governance …
Sohrab Khawas·31 Jan 20231 min
SEC Is Investigating Financial Advisors Over Cryptocurrency Custody
According to a report published by Reuters on January 26 that cites three unnamed sources, the United States Securities and Exchange Commission (SEC) is reportedly conducting an investigation into registered investment advisers to determine whether or not they are following rules regarding the custody of client cryptocurrency assets. According to the sources, the SEC’s investigations …
Qadir AK·27 Jan 20232 min
Deaton Says He Wants to Testify About The Way SEC Handles Crypto
Famous crypto attorney and crypto advocate John Deaton continues to criticize the United States Securities and Exchange Commission (SEC) for the way it treats crypto and crypto businesses. Deaton Wants to Testify Deaton says he is willing to testify on the stand about all that he has learned surrounding the way Gary Gensler’s SEC handles …
Sohrab Khawas·25 Jan 20231 min