As the popularity of cryptocurrency Exchange Traded Funds (ETF) engulfs Europe, the relatively reluctant Russia has introduced its first blockchain-based ETF. The fund was launched by the country’s largest bank, Sberbank, and is called the Sberbank Blockchain Economy ETF. Russia’s blockchain ETF? The exchange product will be the first of its kind to trade onContinue reading “Amid regulatory headwinds, Russia’s largest bank launches first blockchain-ETF”

The past year was a good one for cryptocurrencies. However, it does not seem to be ending well for Bitcoin as it continued to trade in the red over the past few days. The top digital asset has shed 2.8% over the past week and was inching slightly below $47,500 at the time of writing.Continue reading “Bitcoin ‘could break $200,000 for a moment’ says an optimistic Brock Pierce”

After a year of regulatory hurdles, Binance is spreading its wings to lay ground in new territories. During the previous week, the top cryptocurrency exchange received licensing and approval from regulators in Bahrain and Canada to provide crypto asset related services. This was following an especially tough year over which the company was banned, orContinue reading “Binance’s $113m investment for initiative in France, a step toward ‘next evolution’”

Soaring gas fees on the Ethereum network was a major highlight throughout crypto’s journey last year. This was undeniably a turn-off for many. Yet, it also underlined a growth in userbase, while also giving space to the ecosystem to expand, through the rise of several promising new layer-1 blockchain networks like Solana and Avalanche. RegardlessContinue reading “Here’s how ‘yielding additional 20%’ spells bullish for Ethereum, post-merge”

Infamous for being tax haven, Gibraltar is nearly set to become a prime cryptocurrency hub next year, as the territory preps itself for an overhaul of its financial industry. Gibraltar-based blockchain firm Valereum is all set to buy the Gibraltar Stock Exchange (GSX), to turn it into the world’s first integrated bourse that will listContinue reading “Gibraltar Stock Exchange to get a makeover, to become world’s first integrated exchange”

Imagine a world that instead of being controlled by closed-door board room meetings and backroom lobbying, is operated by distributed governance on open-source networks. This vision is what blockchain-based decentralized autonomous organizations (DAO) are hoping to fulfill by creating platforms that replace traditional hierarchies and are governed by token holders. In essence, DAOs are purelyContinue reading “Can the link between DAOs, NFTs accelerate the adoption of Web3?”

Crypto scams, rug pulls and other such cybercriminal activities have continued to act as a major bane for the cryptocurrency industry that is still striving for mainstream acceptance. In just the previous year, such scams cost investors over $7.7 billion after noting a record spike of 81%. Although many governments routinely circulate warnings regarding theContinue reading “UAE to impose jail time, high fines on those promoting rogue cryptos and scams”

The cryptocurrency industry experienced a record year in 2021, not just in terms of new investors and rising mainstream acceptance, but also the introduction of an array of new investment products. This includes the much-awaited launch of the U.S’ first Bitcoin ETF, which followed years of rallying and provocation by digital asset enthusiasts. Even asContinue reading “Bitwise CEO thinks ‘next bull market in crypto is going to be driven by…””

The rising cost of using the Ethereum network triggered by network congestion has been a cause of frustration to many cryptocurrency enthusiasts, especially those wanting to explore the DeFi and NFT sectors. Many competing Layer-1 blockchains seized this opportunity to overtake Ethereum’s market share, with varying degrees of success. A worthy mention among them belongsContinue reading “DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B”

While being enticing enough to be increasingly accepted as a mainstream investment, the risks associated with cryptocurrencies continue to define the sector. Recently, the world’s Big 4 professional services firms – Deloitte, PwC, EY, and KPMG – have requested their Indian employees to make digital asset disclosures, according to local media. Partners and executives at theseContinue reading “‘Big 4’ firms ask Indian employees to disclose crypto investments to assess risk”

It is going to be a happy new year for the Ethereum Classic community indeed, as the ETC Cooperative recently made some positive announcements for the protocol’s upcoming year. The ETC Cooperative, which is a public charity focused on supporting the development and growth of Ethereum Classic, will be funding the development work on theContinue reading “ETC Cooperative to takeover funding for Ethereum protocol provider, Core-Geth”

It truly is the season of joy as Bitcoiners awoke to a ‘Santa Claus’ rally that saw the cryptocurrency finally going north of $50,000, after facing resistance for around two weeks. As the bullish year nears its end on a presumably happy note for BTC investors, many industry proponents appear positive on their outlook forContinue reading “Binance Australia CEO expects ‘lot more interest, demand, volatility’ in 2022”