India’s regulatory position on cryptocurrencies remains elusive at best. Especially since the country is struggling to form a uniform consensus on the classification and legalization of the novel asset class. Amid a flurry of cabinet meetings, industry debriefings, and heightened banking concerns, the country’s Prime Minister has now become increasingly vocal about the same. AddressingContinue reading “India: PM Modi calls for cooperation on cryptos between ‘democratic nations’”

The past couple of years have witnessed the continued growth of institutional investments flowing into the cryptocurrency market. It includes not only hedge funds and family offices but even pension funds and conservative custody banks parking their funds here. Naturally, this has led to the entangling of traditional and crypto finance, with the latter havingContinue reading “Here’s how crypto-market’s 24/7 trading is setting an example”

Ripple Labs has been fighting the United States Securities and Exchange Commission (SEC) in an ugly court battle for almost a year now. And yet, still, there is no respite in sight. When the blockchain firm was first accused by the watchdog of violating securities laws, many in the crypto-community came out to support Ripple.Continue reading “Ripple ‘guilty of fraud,’ but not securities law violations: Messari’s Selkis”

Israel has had a hard time accepting the growth of the blockchain and cryptocurrency industry, with many burdensome regulations keeping companies in limbo. The nation already has strict anti-money laundering and tax regulations that crypto companies and investors are subjected to. Now, the country has introduced a new set of regulations on cryptocurrencies to combatContinue reading “Israel enacts fresh crypto rules to combat laundering, terror funding activities”

Shiba Inu is the most-popular memecoin in town right now, with the cryptocurrency doubling in price over the last month. However, October’s initial frenzy has since died down, fueling a significant downtrend on the charts. Even so, its heyday is far from over as more crypto-exchanges are paying attention to SHIB thanks to sustained demandContinue reading “After Gemini, Kraken could be ‘feeling good’ about possible SHIB listing”

The Covid-19 pandemic had far-reaching effects on not only the global psyche but also the economy and how business is conducted. One important aspect of this has been the slow disappearance of cash, as more people start relying on digital payments in an increasingly distancing world. Along with the growth of contact-less payments, another trendContinue reading “Do crypto, CBDCs, stablecoins together spell ‘demise of cash’”

Even with market capitalization crossing well over $1.2 trillion, Bitcoin is not everybody’s favorite cryptocurrency. Kenneth Griffin, the CEO of American hedge fund, Citadel, recently shared his views on why he believes Ethereum will ultimately replace Bitcoin as the king coin. In a summit hosted by the New York Times, the billionaire said, “Bitcoin-based conceptionContinue reading “Citadel CEO explains why Ethereum will replace Bitcoin, in ‘next generation’ of crypto”

Top stablecoin Tether has emerged to become the cryptocurrency industry’s primary crutch over the past seven years, according to a new report. The report noted that Tether acts as a tool for “oiling crypto markets to keep them smooth.” USDT acts as a bridge between fiat currencies and cryptocurrencies that operate on open blockchain networks.Continue reading “Report on Tether identifies over 70% of ‘all funds ever issued’”

Plans for an Ethereum-based NFT integration were dropped by the popular social network platform, Discord. This followed after it received severe backlash from its community over the same. In fact, many even threatened to cancel their Nitro subscriptions. Earlier this week, Discord’s founder and CEO, Jason Citron had tweeted a screenshot of the app’s userContinue reading “Discord cancels Ethereum-based NFT integration plans amid community backlash”

Amid a raging cryptocurrency market with many prominent tokens achieving new highs, Terra’s LUNA token also reached an all-time high (ATH) earlier this week. That said, this recent price discovery was not on the back of larger market movements, but the platform’s own recently proposed ecosystem-centric updates. Earlier today, TerraForm Labs proposed to increase itsContinue reading “Terra ecosystem update proposals fueling LUNA’s rise to new all-time highs”

The launch of the very first Bitcoin ETFs in the US was marked by widespread excitement and record-breaking numbers. This was also followed by a number of asset management firms flocking to the SEC with their own applications for a Bitcoin Futures-backed ETF, with varying degrees of creativity. However, what most enthusiasts have really beenContinue reading “Bitwise will pursue Bitcoin spot ETF, since investors ‘better served’ by spot exposure”

In an industry riddled with frequent scams and hacks, the protection of investments is paramount for investors. In fact, the need for cryptocurrency asset insurance has been in the cads for a while now. Risk concerns often deter institutional investors from putting their capital in the asset class. To solve this, prominent financial players inContinue reading “Hong Kong virtual insurer partners with exchange, brings crypto insurance to Asia”