The cryptocurrency industry grew significantly in 2021. Despite several headwinds, its total market cap grew by 187.5% in 2021. However, it’s interesting to note that stablecoins overtook all other types of coins. It “continues growing faster than the rest of the crypto market,” according to Arcane Research’s latest report. Total stablecoin supply across protocols isContinue reading “The demand for this coin grew manifold with 370% year-over-year growth”

Ethereum‘s scalability issues have created a whirlwind of problems for the cryptocurrency industry, however, it has also fostered a ground for innovative ideas to overcome the same. Many layer 2 solutions have emerged in the recent past in order to combat the congestion on Ethereum, including zero-knowledge rollups. An enhancement for this has now beenContinue reading “Scalability issues no more? First EVM compatible ZK Rollup live on ETH’s public testnet”

Regulatory fervor for the cryptocurrency industry has gained heightened momentum worldwide this year, as the $1.84 trillion industry makes itself more ingrained in the financial market. After reports of U.S President Joe Biden signing an executive order on crypto regulation soon started making the rounds last week, another country that has emerged as revving upContinue reading “Brazil: Senate Committee approves crypto-regulatory bill to promote growth”

While Bitcoin Futures Exchange Traded Funds (ETFs) launched with full fervor and record-breaking numbers in October last year, their performance has since dwindled thanks to the larger market’s depreciation. For instance, the ProShares Bitcoin Strategy ETF (BITO) was down 5.26% from yesterday’s close, at the time of writing. Furthermore, its value has dropped by overContinue reading “These are the lesser-known effects of Bitcoin Futures ETFs”

There are always new twists and turns in the SEC’s lawsuit against Ripple Labs. One aspect that keeps resurfacing concerns comments made by the SEC’s former Director of Corporation Finance William Hinman. In a 2018 speech, Hinman had opined that Ether is not a security. While Ripple has continued to use this point to reiterateContinue reading “Cardano’s Hoskinson: ‘It is just hurtful, unfair, and not at all a partisan thing’”

Ever since the US Securities and Exchange Commission sued Ripple Labs over selling unregistered securities in the form of their cryptocurrency XRP, the financial community has remained divided over the credibility of the watchdog’s allegations. The case has since 2020 seen a number of twists and turns, even as any substantial rulings over the sameContinue reading “XRP Lawsuit: ‘There’s a pretty good chance SEC will lose all merits’”

While there has been no dearth of hacks and exploits within the cryptocurrency space, one of the most infamous ones transpired in 2016. At the time, around 3.64 million Ether were siphoned off The DAO protocol. The hack remains unsolved to this day. However, crypto-journalist Laura Shin is now claiming to have uncovered new evidenceContinue reading “Ethereum: Mystery solved? The DAO’s $11B hack has a new suspect”

Impersonation scams in the cryptocurrency industry abound, with hundreds of fake Elon Musk’s and Michael Saylor’s offering huge returns on social media to entrap the uninitiated. While in the past, many governments and the personalities themselves have issued warnings against the same, scamsters in the crypto space have shown no intention of withholding their creativity.Continue reading “Japan debunks the latest in the gamut of cryptocurrency scams”

Ethereum‘s main chain is expected to merge with its Beacon Chain later this year, effectively turning it into a Proof of Stake protocol. In anticipation of this, users have increasingly been staking their ETH, with the staking deposit contract amassing over 9.41 million Ether worth over $24.83 billion at press time. While anticipation for theContinue reading “Ethereum: Are Coinbase, Kraken party to centralization”

As cryptocurrencies have gone mainstream, macro-economic trends around the globe have begun to take greater precedence over price action. This has most recently been showcased by the market “resurgence” owing to border tensions between Russia and Ukraine. Now, while a thaw might soon be taking shape, Bitcoin has nevertheless lost around 7% of its valuationContinue reading “Bitcoin: War or no war, are Russia-Ukraine tensions good for BTC HODLers”

Scams, rug pulls, hacks and exploits are all regular occurrences in the cryptocurrency industry, owing mostly to its anonymous, decentralized nature. Even though many verifications and registration requirements have been put in place, billions of dollars continue to be lost each year. The shortcomings of present verification systems were brought to the fore this weekContinue reading “Avalanche-based protocol reportedly rug-pulled within hours of launch”

As fears of the Federal Reserve’s hawkish stance on inflation intensify, the rising correlation between stock and cryptocurrency prices has also emerged as a worrying trend. However, the CEO and founder of blockchain investment firm Pantera Capital,  Dan Morehead, believes crypto continues to remain an efficient store of wealth, especially in the face of interestContinue reading “Crypto to decouple soon from stock prices? Pantera CEO explains the ‘correlation’ picture”