The age of DeFi is here. This sector of the cryptocurrency industry is raking in huge investments from all parts of the financial market while existing in a constantly evolving ecosystem. This, unarguably, has taken a toll on some networks struggling to keep up with the pace of development while others are looking at itContinue reading “Cardano’s Hoskinson: ‘Winners of the future in the DeFi space are going to…’”

Recurring regulatory hurdles over the past year have had a deep impact on South Korea’s booming cryptocurrency industry. Many exchanges and businesses have had to shut shop in the country. Another source of uncertainty had been the looming plan for taxation on cryptocurrency gains, which were set to take effect next year. As it turnsContinue reading “South Korean legislators agree to delay taxation of cryptocurrency capital gains”

Now that institutional investors have settled into the cryptocurrency sphere, an increasing number of sophisticated investment products are being introduced in the market for their specific needs. In the absence of a legitimate market in the U.S due to regulatory red-taping, asset managers are focusing on the European front. Especially since investors just can’t getContinue reading “Europe welcomes 4 new crypto-ETPs tracking Bitcoin, Ethereum, Cardano, etc.”

MicroStrategy’s Bitcoin treasury has been topped once more, with the business intelligence firm announcing the purchase of 7,002 additional tokens on Monday. The total purchase was worth $414.4 million in cash and the digital assets were bought at an average price of approximately $59,187 per coin since the beginning of October. A tweet by MicroStrategyContinue reading “More Bitcoin for MicroStrategy following $414M purchase”

The Alonzo hard fork brought forth a hoard of new functionalities for the Cardano network, especially after smart contract integration. While its community has been enthusiastic about these upgrades, for the most part, the network has also faced a slew of criticism for the ‘delay’ in launch dates. Take for example dApps, which according toContinue reading “Hoskinson outlines plans to ensure dApp security on Cardano”

India’s lack of regulatory clarity on the question of cryptos has left many stakeholders in limbo. From a curtailment in marketing by exchanges to investors falling out, a lot has been happening in the country. However, India’s growing market seems just too lucrative for some to miss out on. Despite these regulatory hurdles, Singapore-based crypto-exchangeContinue reading “Singapore’s Coinstore enters India despite regulatory limbo; cites ‘optimism’”

With the implementation of smart contract functionality through the Alonzo hard fork earlier this year, Cardano launched itself into the mainstream of decentralized services and web3. However, for a blockchain platform to exist in this competitive industry, constant development needs to be an important part of its ecosystem. Recently, a Cardano developer opined on TwitterContinue reading “Hoskinson believes THIS is ‘critical for the long-term viability of Cardano’”

Ever since Cardano deployed smart contract integration earlier this year, the network has been buzzing with on-boarded projects and development from the community. Its native token ADA has also grown significantly during this time owing to its increased uses cases amongst creators and developers building on the network. One of the key areas Cardano hasContinue reading “This makes Cardano ‘literally most anticipated’ smart contract platform in blockchain space”

Kevin O’Leary, one of the most vocal institutional cryptocurrency investors, has considerably expanded his digital asset holdings over the past year. Once a critic of the novel asset class, the “Shark Tank” star, and investor has since increased his crypto investments to 10% of his portfolio, admittedly, in Bitcoin, Ethereum, and USDCoin. The Canadian entrepreneurContinue reading “Along with Bitcoin, Ethereum, Kevin O’Leary ‘needs’ to invest in Solana, Polygon, Hedera”

The votes are in and the Uniswap community has spoken. Interestingly, almost 100% of the votes on a proposal to deploy Uniswap on Polygon were in favor of the integration. Thus, clearly highlighting the explosive popularity that layer-2 protocols have been receiving of late. Almost a week ago, Polygon developers had put forward a proposalContinue reading “Votes are in: over 7 million Uniswap holders in favor of Polygon’s deployment proposal”

The financial markets worldwide suffered a brutal sell-off on 26 November. Investors scrambled to shelter themselves from economic hardships that could be brought back by lockdowns and travel bans. However, Anthony Scaramucci of investment firm SkyBridge Capital believed it to be a buying opportunity for both, stocks and crypto-assets. Top crypto, Bitcoin plunged to itsContinue reading “‘This is a buying opportunity,’ says SkyBridge CEO, Scaramucci post massive sell-off”

A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there. In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing. Building infrastructure for digital asset trading is alsoContinue reading “China considers setting up digital asset exchange to boost e-CNY adoption”