Michael Lavere

News Reporter

Mike is a financial and cryptocurrency journalist for CryptoGlobe covering the industry since 2017. Mike is an alumnus of the University of North Carolina Chapel Hill.

Articles by Author

When Does the Crypto Market Open? Does It Close?

Many new investors in cryptoassets, particularly those who have previously traded in stocks, have questions about when the crypto market opens and whether it even closes, and on what days it operates.  Read on to find out more about the operating hours for crypto markets and if there are any significant changes in trading between […]

Polygon-Powered Prize-Winning Trump Trading Cards Now on Sale at NFT Marketplace OpenSea

The wallet that issued the original NFT collection for former U.S. President Donald Trump has minted tokens for sweepstake prize winners. According to a report by CoinDesk, NFTs for Trump’s sweepstakes winners, originally announced as part of his December 2022 collection, are making their way onto the marketplace. Using data from OpenSea, the report claims […]

$BTC: El Salvador’s Congress Passes Legislation Enabling Raising Funds Via ‘Volcano Bonds’

El Salvador, the first country to make Bitcoin legal tender (in September 2021), has passed legislation allowing the country to issue sovereign Bitcoin-backed bonds.  According to a report by Bloomberg, El Salvador’s congress has approved a new digital securities law that would allow for raising funds via the “world’s first sovereign blockchain bond.” The bill, […]

Former President Trump Says He Launched NFTs For the ‘Cute’ Artwork

Former U.S. President Donald Trump claims he launched his NFT collection due to the art images being “sort of cute.” According to a report by Decrypt, Trump’s NFT collection was not launched in an effort to make money or as an investment, but rather to showcase the artistic creations. Trump made his comments in an […]

Microsoft Bans Use of Its Cloud Services for Crypto Mining Unless There Is ‘Prior Written Approval’

Microsoft has quietly updated the license terms for its online services such that customer can no longer “mine cryptocurrency without Microsoft’s prior written approval.”   As The Register first reported, the update to the Universal License Terms for Online Services became effective on 1 December 2022. The Acceptable Use Policy states: “Neither Customer, nor those that […]
FTX

Billionaire VC Chamath Palihapitiya on Former FTX CEO’s “Sophisticated Con”

Recently, billionaire venture capitalist Chamath Palihapitiya, who is the founder and CEO of investment firm Social Capital, shared his thoughts on Sam Bankerman-Fried (aka “SBF”), the disgraced Co-Founder and former CEO of now-bankrupt crypto exchange FTX. While speaking on the episode of the “All-In Podcast” released on 3 December 2022, the billionaire VC accused SBF of […]

Latest Desktop Version of Media Player ‘Winamp’ Supports Music NFTs

Windows media player “Winamp” has recently “gotten a major web3 upgrade.” According to Winamp’s press release, “this new version reduces Winamp’s memory footprint and upgrades security among many other improvements, but it also includes a new way to listen to the latest music format.” Winamp CEO Alexandre Saboundjian stated: “The genesis of Winamp has always […]

Texas Senator Ted Cruz Is a Fan of Bitcoin and Crypto Mining

Texas Senator Ted Cruz says he is a fan of Bitcoin and highlighted why his state is a perfect match for crypto mining.  The U.S. Senator made his comments at the Texas Blockchain Summit 2022 late last month, arguing that crypto could be a strategic industry for the United States to develop. Cruz claimed that […]

$AVAX: Avalanche-Powered DEX ‘Trader Joe’ Plans To Use Ethereum Layer 2 Scaling Solution Arbitrum

Avalanche-based decentralized exchange (DEX) Trader Joe plans to deploy on Ethereum layer 2 (L2) scaling solution Arbitrum. According to Offchain Labs, the startup developing this popular Ethereum L2 scaling solution, Arbitrum is an “optimistic rollup” that offers the following the benefits: “Trustless security: security rooted in Ethereum, with any one party able to ensure correct Layer 2 […]

Russian Crypto Miners Reportedly Ramping Up Their Spending on ASIC Devices

Miners in Russia have remained unfazed by the crypto bear market and are using the opportunity to hoard ASIC devices.  According to a report by Cointelegraph, citing Russian news agency Kommersant, the demand for crypto mining hardware by Russian customers has surged during the final quarter of the year. Several crypto mining distributors in Russia […]
FTX

‘Shark Tank’ Star Says SBF Should Be ‘Afraid of Going to Jail for a Long Time’

billionaire investor and entrepreneur Mark Cuban says that FTX’s co-founder former CEO Sam Bankman-Fried (SBF) should be fretting over possible jail time.  Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network). On […]
FTX

Miami Nightlife Reeling From Sudden FTX Collapse

Miami’s vibrant nightclub scene, once flush with crypto entrepreneurs, is suffering in the wake of FTX’s sudden bankruptcy.  According to a report by the Financial Times (FT), Miami’s nightlife is being impacted by the collapse of crypto exchange FTX. The report claims that club owners in Miami, a city well-known for its vibrant and lavish […]

Survey Shows Expectation of Bitcoin’s Future Value at Low Following FTX Collapse

A recent survey shows that the public’s perception of Bitcoin’s future value is at a low in the wake of FTX’s high-profile collapse.  According to survey results published by Morning Consult in the wake of FTX’s bankruptcy, US adults are expecting Bitcoin’s price to fall to $11,500 within the next six months. The price prediction […]

Harvard Researcher Tells Central Banks to Start Buying Bitcoin

A Harvard economics researcher has published a new working paper recommending that central banks around the world start buying Bitcoin.  According to a report by Politico, Matthew Ferranti, a fifth-year PhD candidate in Harvard’s economics department has published a new working paper arguing that central banks should start buying up Bitcoin.  The paper, overseen by […]

President Putin Calls for an Independent Blockchain-Powered Global Payment Network

Russian President Vladimir Putin has called for a blockchain-based international payment system in light of Western economic sanctions being imposed on his country.  According to a report by Cointelegraph, President Putin made his comments at the International AI Journey Conference in Moscow. During the event, which was organized by Russia’s largest bank Sberbank, Putin criticized […]
FTX

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s.  Speaking in an interview with Bloomberg, Summers argued that while many were comparing FTX’s bankruptcy to that of banking giant […]

Tuvalu Aiming to Become First Country To Replicate Itself in Metaverse

The small Polynesian island country of Tuvalu has announced it will leverage the use of the metaverse to recreate a digital version of itself in response to rising sea levels.  According to a report by Reuters, Tuvalu has announced that it will digitally replicate its islands and landmarks in order to preserve the nation’s history […]

Shark Tank Star and FTX Investor Kevin O’Leary on the FTX Collapse

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“), who was also an investor in and spokesperson for insolvent crypto exchange FTX.com, shared his thoughts on crypto. On 10 August 2021, FTX Trading Ltd. (“FTX.com”) and West Realm Shires Services Inc. (“FTX.US”) owners and operators of FTX.COM and FTX.US respectively (collectively “FTX”), […]
FTX

SkyBridge Capital Founder to FTX’s Former CEO: ‘Tell The Truth’

Former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, has called upon Sam Bankman-Fried (“SBF”) to tell the truth about the collapse of FTX. SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private […]

U.S. Congressman Brad Sherman Blames ‘Billionaire Crypto Bros’ For Regulation Woes

Recently, U.S. Congressman Brad Sherman (D-CA), who is one of the biggest crypto skeptics in Washington, D.C., pointed a finger at what he calls “billionaire crypto bros” for the delay in digital asset regulation.  Congressman Sherman, who was “born and raised in southern California” is “currently serving his thirteenth term in Congress and has served in the House […]

U.S. SEC Chair Slams ‘Non-Compliant’ Crypto Industry in Wake of FTX Collapse

Gary Gensler, the Chairman of the U.S. Securities & Exchange Commission (“SEC”), has slammed the “non-compliant” crypto industry in the wake of FTX’s high profile collapse.  Gensler was nominated by President Joe Biden to Chair the U.S. SEC on 3 February 2021, confirmed by the U.S. Senate on 14 April 2021, and sworn into office […]

Mastercard CEO on Crypto: We Are ‘Optimistic’ and ‘Investing’

The CEO of Mastercard, which is “the second-largest payment-processing corporation worldwide”, recently shared his thoughts on crypto. On 18 January 2022, Raj Dhamodharan, EVP Blockchain / Digital Asset Products & Digital Partnerships at Mastercard, published a blog post in which he said that Mastercard believes that “buying digital goods should be as simple as buying […]

HUGO BOSS Launches Its First-Ever NFT Collection

German luxury fashion house HUGO BOS AG has entered the world of the Metaverse and NFTs with the launch of a new Web3 experience.  According to the company’s press release, its HUGO division, which focuses on appealing to younger consumers (i.e. it focuses on self expression), has collaborated with Web3 firm Imaginary Ones on “a holistic, […]

$BTC: Researchers at the University of New Mexico in Albuquerque Have a Beef With Bitcoin

A recent study compared the negative impact of Bitcoin mining to that of cattle farming and burning gasoline.  According to a report by Bloomberg, researchers at the University of New Mexico in Albuquerque have found that Bitcoin mining’s impact on the climate is comparable to other negative influences, such as farming cattle and gasoline burning, […]

Chainlink ($LINK) on How Its Proof of Reserve Service Provides Transparency Users Demand

Chainlink ($LINK) has taken to Twitter to outline how its “Proof of Reserve” service is providing transparency for users.  In a series of tweets published on 10 November 2022, Chainlink indicated that crypto is at a “crossroads” in terms of following in the footsteps of the traditional financial industry. According to the post, Chainlink’s Proof […]

SBF’s Alameda Research Under Scrutiny For Promising a 15% Return With ‘No Risk’

Alameda Research, a quantitative crypto trading firm founded by Sam Bankman-Fried (SBF), has reportedly come under legal scrutiny for comments made in 2018 that promised investors “no risk” returns.  According to a report by The Block, the trading firm, which helped create liquidity for SBF’s now bankrupt FTX Group, was delivering slide decks to potential […]

$BTC: On-Chain Analyst Willy Woo Claims Futures Market Is Suppressing Bitcoin Price

Popular crypto analyst Willy Woo says that the price of Bitcoin is being suppressed and manipulated by opponents via the futures market.  Woo made his argument in a series of tweets, in which he explained that the futures market for Bitcoin has opened the door for price manipulation. According to Woo, Bitcoin’s hard cap of […]

Ford Joining Metaverse With 19 New Patents Featuring NFTs

The American car manufacturer Ford, famous for its Mustang sports car and F-series pick-up trucks, has filed a trademark application to offer digital products in the metaverse.  According to a report by Cointelegraph, Ford Motor Company is preparing for the virtual age and Metaverse by filing 19 trademark applications across its major car brands. The […]

$BTC: Bitcoiner in Lebanon Reportedly Gives Away Satoshis at His Wedding

A Bitcoin super fan in Lebanon reportedly used his wedding to promote $BTC by giving away 4,000 satoshis to each guest.  According to a report by Cointelegraph, Bitcoin advocate Said Nassar, an international business engineer from Lebanon, threw a Bitcoin-themed wedding which included small amounts of $BTC as gifts. The report claims that each wedding […]

$ETH: Binance CEO on the Problems With Ethereum That the Merge Does Not Fix

In a recent interview, Changpeng Zhao (“CZ”), the Co-Founder and CEO of Binance, said that users of the Ethereum network should not have unrealistic expectations regarding the benefits of the Merge upgrade, which was completed on September 15. In an interview with CNBC just before the Merge, which marked the Ethereum network’s move from proof-of-work […]

FTX US President: Crypto Space Needs Greater Regulatory Clarity

The president of crypto exchange FTX US outlined how his company is navigating the murky water of regulation, while arguing that the space needs greater clarity for digital asset listing. Speaking in a recent interview with The Block, FTX US President Brett Harrison explained how his company is working through the regulatory landscape of crypto […]

$BTC: Founder of Crypto Fund Manager Cyber Capital Goes Ballistic on Bitcoin

The founder and chief investment officer (CIO) of crypto-focused asset management firm Cyber Capital says that Bitcoin is “technically one of the worst cryptocurrencies,” in light of advancements being made by top competitors. In a series of tweets, Cyber Capital founder Justin Bons argued that Bitcoin was one of the worst cryptoassets on the market […]

Billionaire David Rubenstein: Failing Trust in Government Is Spurring Crypto Speculation

David Rubenstein, the billionaire co-founder  of private equity firm Carlyle Group, says that investing in Bitcoin is akin to gambling, and that waning confidence in governments is leading to greater belief in speculation.  Speaking in a recent interview with Anthony Pompliano, Rubenstein compared trading in cryptoassets to that of gambling at a casino. He noted […]

CZ Explains Says Binance Has No Connection to the Chinese Government

The chief executive officer of leading crypto exchange Binance has once again pushed back on the notion that his company is affiliated with China.  In a recent blog post, Binance Co-Founder and CEO Changpeng Zhao (better known as “CZ”) likened attempts to associate the exchange with China and the Chinese government to attacks on the […]

Coinbase Connection Issues: What Are They and How Can You Fix Them?

Coinbase, one of the world’s leading crypto exchanges, is a popular portal for both retail and institutional investors. The exchange, based out of the United States, touts a user base of 103 million verified customers, in addition to 14,500 institutions across 100 countries. Often, users struggle with Coinbase connection issues, although they can sometimes do […]

Ukraine’s Tech Retail Giants Begin Accepting Bitcoin

Techno Їzhak and Stylus, two of Ukraine’s largest tech-based retailers, have now begun accepting Bitcoin as a form of payment.  According to a report by Bitcoin Magazine, citing local news outlet Obozrevatel, the two behemoth tech retailers will be allowing customers to pay in $BTC for goods and services. The reports claims the company will […]

$MATIC: InvestAnswers Host Explains Why He Ranks Polygon So Highly

James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, says that $MATIC, the native token of Polygon, is one of his top altcoin picks for investors to keep an eye on.  Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on […]

Morgan Creek Capital CEO Predicts Massive Flood of New Crypto Users

Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, says that more modern and user-friendly crypto wallets will lead to a massive surge in adoption.  Yusko, who is also the Managing Partner of Morgan Creek Digital, said during a conversation with Scott Melker that the crypto industry needed to work […]

$BTC: SkyBridge Capital Founder on Why BlackRock’s Interest in Bitcoin Is a Big Deal

Recently, former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, shared his thoughts on the partnership between BlackRock and Coinbase. SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.” On […]

Telegram Founder Is Consider Using NFTs to Sell Reserved Telegram Addresses

Pavel Durov, the billionaire founder of encrypted messaging service Telegram has dangled the idea of using an NFT format for auctioning popular usernames.  According to a report by Cointelegraph, Durov made his comments in a message to his personal Telegram group named “Durov’s Channel.” The messaging app’s founder floated the idea of using NFT-like smart […]

Justin Sun: Why TRON-Powered Stablecoin $USDD Is Better Than ‘DAI, UST, and Other Stablecoins’

TRON Founder Justin Sun says that the launch of Tron’s new stablecoin, Decentralized USD ($USDD), combines the best aspects of competing stablecoins on the market.  In an open letter published on 21 April 2022, Sun said that TRON DAO had “joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin […]

$SOL: Coin Bureau Bullish on Solana for Altcoin Rally

The host of popular crypto analytics and market commentary show Coin Bureau is bullish on the outlook for Solana ($SOL) saying that the altcoin could potentially double in price if the current rally continues.  Speaking in a recent YouTube update, Coin Bureau’s host “Guy” told viewers that he has been keeping an eye on $SOL […]

Investment Strategist Lyn Alden Explains Why She Is Still Bullish on Bitcoin Long Term

Despite Bitcoin’s fall from an all-time price high over the last year, highly respected equity research analyst and investment strategist Lyn Alden says she is bullish on $BTC long term.  Alden, who provides equity research and investment strategies for clients, made her comments during a recent interview with Alessio Rastani, where she argued that the bigger […]

Raoul Pal: The Merge Will Make Ethereum Even More Attractive to Institutional Investors

Recently, former Goldman Sachs executive Raoul Pal explained why, for investors, Ethereum remains the “safest, easiest allocation.” Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man GLG”). Before that, Pal worked at […]

$ETH: Citigroup Explains Why It Is Bullish on Ethereum’s “Merge” Upgrade

A recent research report by financial services giant Citigroup talks about the implications of Ethereum’s upcoming “Merge” protocol upgrade. Ethereum’s “Merge” hard fork, which is when the Ethereum network is making the transition from proof-of-work to proof-of-stake), is expected to take place around September 15. Here is how Ethereum Foundation explains The Merge: “The Merge represents the […]

Ethereum Creator: ‘I Basically Expect That the Merge Is Going To Be Not Priced In’

Recently, Russian-Canadian programmer Vitalik Buterin, the creator of Ethereum ($ETH), commented on the upcoming “Merge” hard fork, which is when the Ethereum network is making the transition from proof-of-work to proof-of-stake. Here is how Ethereum Foundation explains the Merge upgrade, which is expected to take place on the mainnet on September 15: “The Merge represents the joining […]

FTX US President Says Crypto Winter Is ‘Starting To Thaw’

In a recent interview, Brett Harrison, who is President of FTX.US, explained why he believes that crypto winter may be over soon. During an interview with Emily Chang, the anchor of daily show “Bloomberg Technology”, Harrison was asked about a recent deal between Coinbase and BlackRock, which is the world’s top asset management firm by […]

Gucci Becomes First Major Brand To Accept ApeCoin ($APE) via BitPay Partnership

Italian luxury fashion house Gucci is now allowing users to pay with ApeCoin ($APE) via its partnership with crypto payment processor BitPay.  What Is Bored Ape Yacht Club (BAYC)? Bored Ape Yacht Club (BAYC) is an NFT collection and ecosystem developed by Yuga Labs. Here is how they describe this collection: “BAYC is a collection of 10,000 Bored […]

In Chile, People Are Turning to $USDT and $USDC to Hedge Against Inflation and Peso Devaluation

Citizens of Chile, home to one of Latin America’s most stable economies over the last several decades, are turning to stablecoins to weather a potential economic slump. According to a report by CoinDesk, Chileans are using popular stablecoins as protection against inflation that is threatening the country and contributing to a global trend. The report […]

Investment Strategist Lyn Alden Makes a Strong Argument for Stablecoin Use Cases

Recently, highly respected equity research analyst and investment strategist Lyn Alden talked about how stablecoins are being used and how they will be used to solve real world problems over the next decade. Alden, who provides equity research and investment strategies for clients, made her comments during an interview with Anthony Pompliano, where she highlighted the “significant” […]

$SOL: Solana’s Largest NFT Marketplace Responds to Critics Over Security Risks

Solana’s largest non-fungible token (NFT) marketplace Magic Eden recently responded to its critics. Speaking with Decrypt, Magic Eden has pushed back on the growing list of criticisms over the platform’s security and custody practices. Magic Eden, which launched last fall and now accounts for roughly 90% of Solana’s trading volume, was valued at $1.6 billion […]

Coinbase CEO Outlines His Firm’s Review Process for Adding Altcoins

The chief executive officer (CEO) for major crypto exchange Coinbase recently explained how his company decides which altcoins to add to the platform. Speaking in an interview with computer scientist Lex Fridman, Coinbase CEO Brian Armstrong said that the company begins by evaluating an altcoin’s status as a security: “We basically have a test of […]

How to Delete a Binance Account

Binance is one of the world’s top cryptoasset exchanges and the largest by trading volume. While the exchange, first launched by founder Changpeng Zhao in 2017, has roughly 30 million users, some clients occasionally find that they want to, or need to, delete their Binance account.  Whether to take a break from crypto trading, change […]

Marriage in the Metaverse? Yes, and Singapore Is Expecting Various Government and Legal Services To Take Place There Too

Edwin Tong, Singapore’s Second Minister for Law, is expecting a wide variety of government and legal services to become available in the metaverse. According to Wikipedia, Tong is “a Singaporean politician and lawyer who has been serving as Minister for Culture, Community and Youth and Second Minister for Law since 2020.” As a a member […]

$AVAX: ‘Certain Big Brand Traditional Enterprises’ Will Be Using Avalanche

The CEO of Ava Labs is predicting a wave of big name brands will “very shortly” be annoucing “some cool stuff” they will be doing on smart contract platform Avalanche ($AVAX). Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in […]

Coin Bureau Predicts ‘Peak Capitulation’ Ahead for Crypto Markets

The pseudonymous host of popular crypto market commentary show Coin Bureau says that the crypto markets have yet to reach a point of “peak capitulation” in the bear market.  Speaking in a recent YouTube update, Coin Bureau’s host “Guy” told viewers that he believed the crypto markets were in for another massive price crash.  According […]

$ETH: Real Vision CEO Predicts ‘Massive Supply Shock’ for Ethereum After The Merge

Former Goldman Sachs executive Raoul Pal is predicting a supply shock coming for Ethereum as the network completes its long-awaited Merge update.  Speaking in a recent video update, Real Vision’s Raoul Pal said that Ethereum’s transition to proof-of-stake will result in a “supply shock” due to the sudden reduction in total supply and elimination of miners. […]

UFC Heavyweight Champ Francis Ngannou Reportedly Making a Killing on NFTs

Ultimate Fighting Championship (UFC) Heavyweight Champion Francis “The Predator” Ngannou is reportedly enjoying huge success with NFTs. According to a report by Yahoo Finance via CoinDesk, Ngannou reportedly made more money from NFTs last year than he did from competing as the UFC’s Heavyweight champ.  Ngannou allegedly raked in $580,000 from competing in the MMA sport […]

Major Brands Such as Budweiser Are Increasingly Turning to NFT Technology

A large number of companies, including Budweiser, Pinkberry and more, are reportedly experimenting with non-fungible tokens (NFTs) to drive their loyalty and rewards programs.  According to a report by CNBC, Web3 startup Hang is aiming to give some of the world’s largest brands, such as Budweiser, Pinkberry, and Bleacher Report, “the power of web3 through […]

Coin Bureau Predicts Ethereum Classic ($ETC) Could Benefit From ‘The Merge’

The pseudonymous host of popular crypto market commentary show Coin Bureau is predicting that Ethereum Classic ($ETC) could rally ahead of Ethereum’s transition to proof-of-stake (PoS).  According to a recent YouTube video released on July 25, Coin Bureau’s host “Guy” told viewers that Ethereum Classic could benefit from Ethereum’s long-awaited upgrade, dubbed “The Merge.” The […]

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