Proponents of the cryptocurrency industry might be in for another disappointing piece of news. Reportedly, users of a Hong Kong-based cryptocurrency exchange have been unable to withdraw funds since last year. Many now believe that yet another scam could be lurking in the shadows. Several users of the Coinsuper exchange have not been able toContinue reading “Hong Kong: Pantera-backed Coinsuper raises questions with frozen users’ funds”

The year 2021 might go down in history as being one of the most significant for the growth of cryptocurrencies, as the industry finally broke out into the mainstream with skyrocketing adoption and acceptance. Understandably, this had led many financial experts to paint an even more bullish narrative for the year ahead. Among them isContinue reading “‘Interesting future’ ahead for crypto, as Goldman Sachs backs $100k prediction for Bitcoin”

Months after officiating Bitcoin as legal tender, during which it saw severe global criticism and domestic protests, the El Salvadoran government continues on its quest to evolve the top cryptocurrency’s infrastructure in the country. In its latest move, the government is in the process of preparing 20 legislative bills aimed at legalizing the issuance ofContinue reading “El Salvador to legalize Bitcoin bond issuance through 20 legislative bills”

China’s blanket ban on cryptocurrency mining last year unquestionably aided the distribution of Bitcoin‘s hash power across the globe. But it also could have posed a burgeoning energy crisis in some of these countries, especially with the onset of the winter season. Following the trend of several other nations, the government of Kosovo has nowContinue reading “Kosovo bans crypto mining due to ongoing energy crisis”

2021 was a monumental year for the Cardano network with the introduction of smart contracts. IOHK founder, Charles Hoskinson believes the new year will be of prime importance in strengthening its decentralized application (dApp) infrastructure. He laid out an ambitious roadmap for Cardano this year in a recent video on dApps and development. Hoskinson stressedContinue reading “Cardano’s UTXO smart contract model to be middle ground between Ethereum, Bitcoin”

The expansion of decentralized finance (DeFi) liquidity provider, WOO Network in 2021 has continued in the next year, as it has received additional funding from top cryptocurrency exchange Binance in its series A funding round. Binance Labs, which is the exchange’s venture arm, and has been involved in several fundraisers for emerging DeFi platforms, announcedContinue reading “DeFi platform WOO Network bags $12m investment from Binance Labs”

The cryptocurrency market’s maturation has come at the cost of its recognition and increased oversight by regulators, and their radar is now targeting the expanding DeFi sector. From U.S Senator Elizabeth Warren calling it “the most dangerous part of the crypto world,” to the Securities and Exchange Commission (SEC) regularly highlighting the risks associated withContinue reading “CFTC orders leading crypto betting platform Polymarket to shut shop, pay $1.4m fine”

Like many other countries worldwide, the South Korean cryptocurrency industry has been facing major regulatory headwinds over the past few years. The country’s regulators have recently tightened their hold over the sector through a series of new requirements. Meanwhile, legislators are debating a way to determine tax gains made on digital asset investments. At theContinue reading “South Korea crypto investors to report holdings in foreign exchanges”

The new year didn’t ring well for the Algorand community, as the decentralized trading platform Tinyman built on the network was subject to an attack on 1 January, 2022. This followed a year of heightened theft that saw over $10 billion being lost to DeFi scams and hacks. In a new blog post, Tinyman hasContinue reading “Another year, another hack: Algorand’s DeFi platform Tinyman exploited for $3m”

The ambitious central bank digital currency (CBDC) initiatives that were undertaken by most countries globally over the past few years are finally bearing fruit, and developing economies seem to be leading the race. Most recently, the Bank of Jamaica has announced the completion of its CBDC pilot testing, with mostly successful results. The digital currencyContinue reading “After successful completion of CBDC pilot, Jamaica eyes national roll-out”

Binance’s bad days might not be over just yet, as Canadian regulators have now lashed out at the cryptocurrency exchange for misleading its users with false information. Earlier this week, Binance had announced that users in Ontario would not be required to exit their positions by the end of 2021 as it had registered itsContinue reading “Canadian regulators rubbish Binance’s regulatory approval claim”

While 2021 could definitely be regarded as the year of cryptocurrencies, one sector that surprisingly stood out was that of memetokens. These meme-themed cryptocurrencies first conceptualized in the OG Dogecoin and endorsed by the likes of Elon Musk, have amassed huge communities. Further, they have greatly increased in valuation during this time. However, good timesContinue reading “Shiba Inu releases first phase of Doggy DAO to give ‘immediate power to the community’”