India saw all kinds of FUD over the past month, as plans to ban private cryptocurrencies were speculated upon. Even as the parliamentary discussion on the proposed cryptocurrency bill has reportedly been put on hold, the country’s central bank has continued its crusade against the digital asset industry. The Reserve Bank of India recently raisedContinue reading “India’s central bank raises concerns about stablecoins’ effects on the Indian rupee”

The U.S. is experiencing a cryptocurrency awakening, as both lawmakers and investors are embracing the need for comprehensive regulation of the industry. This has inevitably led to some infighting within the administrative and financial sectors, with the Securities and Exchange Commission (SEC) proving to be an especially tough nut to crack. Amidst this atmosphere, theContinue reading “Cryptocurrency regulatory bill to be introduced by Senator Lummis next year”

The greatest year for cryptocurrencies yet is coming to an end, and there seems to be no spot Bitcoin ETF in sight for American investors. The US Securities and Exchange Commission has continued its tussle with the investment product, as it disapproved the applications for two more much-awaited ETFs earlier today. According to orders publishedContinue reading “Rejected: SEC shoots down spot Bitcoin ETF proposals by Valkyrie, Kryptoin”

The United Arab Emirates (UAE) is extending its enthusiasm and openness to the cryptocurrency industry further as the Dubai World Trade Center (DWTC) has expressed intentions to support and regulate the sector further, in an effort to “create new economic sectors.” The Dubai government-owned event and exhibition center announced earlier today that it will beContinue reading “UAE’s Dubai World Trade Center to turn into cryptocurrency hub and regulator”

Russia’s cryptocurrency sector is going through a tumultuous time right now, with the Central Bank of Russia (CBR) doubling down on its efforts to crack down on cryptos in an effort to push its Digital Ruble. Despite this, the digital asset industry in the country appears to be booming, according to a State Duma member.Continue reading “$67B in cryptos, but does that figure change Russia’s mind about crypto-investments”

Amidst the bustle of developments in the Cardano ecosystem, its native cryptocurrency ADA was added as a payment option by the “pure-digital” payments network Flexa recently. Interestingly, this update came within days of Bitpay disappointing the community by opting to add support for the memecoin Shiba Inu over ADA. According to Flexa’s announcement on Twitter,Continue reading “‘ADA at last’ – Good news for Cardano as Flexa payments network adds support”

One of the biggest success stories this year has been the wonder memecoin Shiba Inu‘s meteoric rise. The crypto, which has gained by over 44,622,335% over the year, has often been touted as a rival to the OG Dogecoin. Needless to say, in keeping with the theme of dog coins and shitcoins, many consider itContinue reading “Shiba Inu’s Layer 2 solution Shibarium now expected to be launched ‘soon’”

Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks is worried that those espousing cryptocurrency regulations are actually the ones who want to prevent that from happening. In a recent interview with Fox News, the exec argued that if regulators are in fact serious about bringing in a regulatory regime for crypto-assets, theyContinue reading “Here’s who is responsible for preventing crypto-entry into ‘regulated economy’”

The meteoric rise in crypto-adoption over the past few years has led the world to take notice of this ever-expanding industry. However, this has also contributed to the growing number of crypto-scams. According to Chainalysis, for instance, scams related to cryptocurrencies rose by 81% in 2021 compared to last year, amounting to a whopping $7.7Continue reading “$7.7 billion lost to crypto-scams, but how serious have rug pulls been”

With the cryptocurrency industry entering the mainstream this past year, its underlying issues have also come to the limelight alongside it. Among the most frequently cited is the high energy consumed by the oldest and most popular blockchains including Bitcoin and Ethereum, due to their use of the Proof of Work consensus mechanism. Sustainability orContinue reading “Here’s the ‘realistic estimate’ for post-Merge sharded Ethereum transactions with rollups”

As the cryptocurrency industry continues to establish its legitimacy, an increasing number of institutional investors have flocked to the sector to reap its fruitful gains. However, the complications and constant evolution characteristic of digital assets have also led to the emergence of crypto-themed hedge funds. These are aimed at providing safer and diverse institutional-grade investmentContinue reading “‘Altcoins might offer investors superior performance to Bitcoin’”

Polkadot’s ecosystem hit another milestone on its journey towards full interoperability recently after the first set of parachains were launched on the blockchain platform. As per an official announcement, the five projects that have been leased a slot to run parallel to Polkadot are Acala, Moonbeam, Parallel Finance, Astar, and Clover. These Polkadot-based projects willContinue reading “First set of Polkadot parachains goes live with over $3.5 billion staked”