As the American economy grapples with labor and supply shortages, the country’s central bank declared that “the risks of higher inflation have moved up.” And once again, the question of cryptocurrencies such as Bitcoin providing investors with a hedge against rising inflation is up for debate. Speaking at a recent Bloomberg event, Starwood Capital Group’sContinue reading “Hedge or no hedge: investors’ debate over Bitcoin and gold continues”

The cryptocurrency industry in the U.S is reeling under intense regulatory scrutiny and uncertainty. Market participants have been waiting with bated breaths for financial authorities to release a regulatory framework. To that objective, Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The timing “FTX’s KeyContinue reading “FTX releases regulation proposals’ list, as Financial Committee meeting draws near”

Rug pulls and network exploits have dominated much of the buzz within the cryptocurrency industry, and for good reason. DeFi applications have now lost over $2 billion in total owing to such hacks. The latest one this week alone accounted for $120 million. Further, billions more could have been lost from the Solana ecosystem ifContinue reading “Now fixed, Solana Protocol Library bug had potential to expose $2.6 billion to risk of theft”

While the entire cryptocurrency industry is reeling under a massive dip, President of El Salvador once again managed to find the silver lining in this storm. Earlier today, Nayib Bukele announced on Twitter that the island country had once again bought the dip as Bitcoin continued on its downward spiral. According to Bukele, 150 BitcoinContinue reading “El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin”

The exponential rise in decentralized financial activity over the past year has inadvertently also resulted in the increasing popularity of decentralized exchanges, which are aimed at making finance democratized and accessible. As it turns out, the cumulative volume on DEX’s recently surpassed $600 billion, according to data analytics company Kaiko, which has just released theContinue reading “Ethereum’s high gas fee ‘preventing more retail traders from using DEXs’ – Report”

Ever since smart contract functionality was deployed on the Cardano network, users have waited for decentralized applications to be released on the blockchain. In this context, Cardano received massive criticism for the delay. However, it was eased out this week when SundaeSwap announced its upcoming launch on Cardano’s testnet on 5 December. SundaeSwap is aContinue reading “Cardano’s upcoming DEX SundaeSwap has its eyes on blockchain interoperability”

One of the main FUDs revolving around the digital asset industry recently has been India’s supposed intention to ban private cryptocurrencies. While rumors of a complete ban have somewhat been rejected by the government, officials in the country still don’t seem completely sold on the idea of legalizing cryptocurrencies. During an interview with the EconomicContinue reading “India’s business, finance biggies disagree over crypto utility”

Early on Thursday, news of the Bitcoin DeFi protocol BadgerDAO suffered a $120 million exploit that shocked the cryptocurrency industry. While the platform had shared an initial diagnosis of the attack on Twitter, the Rekt blog has now come up with a detailed post-mortem of the hack. It stated, “the badger is dead.” According toContinue reading “Here’s how BadgerDAO’s $120 million exploit played out, Rekt explains”

2021 saw a significant proportion of developers shifting from Ethereum to rival blockchains. Primarily, because the Ethereum network continued to fight high gas fees and congestion. Well, one network that hugely benefitted from this situation was Solana. Its meteoric rise over 2021 positioned it as one of the main Ethereum-killers. Solana’s native token Sol reachedContinue reading “People leaving Ethereum is ‘just never going to happen,’ says Solana co-founder”

Ever since the first cryptocurrency-backed exchange-traded products were launched in the European market in 2018, asset managers have been getting increasingly creative with the kind of exposure they provide to investors. Earlier today, Bitcoin Capital AG announced the launch of two new ETPs on the SIX Swiss Exchange, which will be pioneers in providing theContinue reading “Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange”

Institutional-grade exchange-traded products (ETPs) are all the rage in the European cryptocurrency market with the increased flow of institutional investors, and asset management firms delivering as required. Earlier today, British crypto-investment manager ETC Group announced that it will be launching 5 new “exchange-traded cryptocurrencies” at the Frankfurt stock exchange this month, according to a reportContinue reading “ETPs all the rage in Europe, ETC Group launches five new funds on Deutsche Boerse”

Rather than dying out, the Non-Fungible Token (NFT) mania that began earlier this year is only accelerating in growth and popularity. With the emergence of the metaverse and DAOs, the mania can be expected to only continue. The next step for this sector is institutional investments, and asset managers are already gearing up for theContinue reading “Defiance launches first NFT-focused ETF for American market”