At a time when billionaire investors are increasingly placing their bets on Bitcoin and other cryptocurrencies, others are proving more than difficult to convince. For instance, while Bridgewater Associates Founder Ray Dalio has given up his belief in fiat currency, he still isn’t sure about Bitcoin being a better store of value than gold. DuringContinue reading “Bitcoin is ‘an amazing accomplishment,’ but this exec thinks ‘they’ll kill it’”

The era of meme-crypto currencies seems to be far from over. While many rip-offs rallied on the back of Dogecoin‘s success, none have achieved a feat as considerable as Shiba Inu. Ranked 55th on CoinMarketCap, the joke coin already has billions in market capitalization. However, another measure of its success lately has been its debutContinue reading “If Shiba Inu is a ‘shitcoin,’ why are exchanges still listing it”

Institutional adoption of cryptocurrencies has seen a great deal of momentum this past year, leading to billions being poured into the industry along with a sense of legitimization. Now, several high net worth investors have diversified their personal portfolios through crypto. What’s more, companies like MicroStrategy and Tesla have also added them in the billionsContinue reading “Bitcoin has these factors to thank for its growing institutional appeal”

The United States Securities and Exchange Commission (SEC) has been hot on the heels of the cryptocurrency industry recently, spreading a blanket of fear and uncertainty throughout. Cryptocurrency skeptics in the U.S. government launched a sleuthing attack on the industry during the Senate Banking Committee hearing on Tuesday. Much of it came from the SECContinue reading “SEC Chief Gensler ‘not negative’ about ‘highly speculative asset class’”

Dozens of Bitcoin Exchange Traded Fund (ETF) applications submitted to the SEC are now gathering dust. This, however, hasn’t deterred firms from trying. Global investment firm Skybridge is the latest to do so after it filed to launch a new ETF, one which will be crypto-based but with a twist. The new fund will beContinue reading “Skybridge files application for crypto-ETF after Fidelity prods SEC”

Crypto-hackers are known to spot the slightest of vulnerabilities in networks to take advantage of, often with varying results. The last 24 hours saw Ethereum emerge as a target for one or some of them. An unknown entity tried to attack the Ethereum network on Tuesday, but with little success. While it managed to trickContinue reading “Ethereum evades attack as ‘client diversity’ comes to the fore”

While only a recent supporter of the cryptocurrency industry, billionaire investor Kevin O’Leary has never shied away from expressing his arguably strong opinions. Even as the Shark Tank star had previously ridiculed Bitcoin, he is now known to be a hodler who just didn’t want to irk regulators. He once again reiterated his regulatory compliantContinue reading “For this billionaire, ‘there’d be another trillion dollars worth of buying into Bitcoin’ if…”

The rollout of Bitcoin as legal tender in El Salvador, was a great moment for the cryptocurrency community worldwide, even as the whole event didn’t play out quite as planned. The Central American country’s president Nayib Bukele has since taken to Twitter to reassure the citizens that all issues will be fixed very soon whileContinue reading “Why launching Bitcoin, Chivo wallet was ‘too much of a challenge’ for El Salvador President”

A proposal released by the U.S. Democratic house yesterday, has potential to raise a large sum of money in taxes, as reported by Bloomberg. The proposal aimed to add commodities, currencies, and digital assets to the “wash-sale” rule. While it could raise up to $16 billion dollars in the next decade if it is passed,Continue reading “U.S. House Democrats’ new proposal applies ‘wash sale’ tax rule to digital assets”

The United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, once again urged crypto companies to register with the SEC, in order to escape trouble in the future while also keeping investor protection in mind. Gensler, who is scheduled to present the testimony at the Senate Committee on Banking, Housing, and Urban Affairs scheduledContinue reading “Why U.S. SEC Chair, Gensler thinks this asset class is ‘rife with fraud, scams, and abuse’”

Undeterred by the notice from United States Securities and Exchange Commission (SEC), Coinbase announced yesterday, that it would be raising $1.5 billion, through a debt offering. America’s largest exchange is looking to bolster its balance sheet through low-cost capital and for general corporate purposes. It includes potential investments and acquisitions of other companies, products, orContinue reading “Coinbase announces proposed private offering of $1.5 Billion”

Digital assets manager Ark Invest’s ARK Next Generation Internet ETF has been under approval review for a few months, and the company has now decided to amend it. As per its latest filing with the United States Securities and Exchange Commission (SEC), the Ark fund will now look to invest in Candian Bitcoin ETFs. TheContinue reading “With U.S. SEC’s approval still pending, Ark Invest roots for Bitcoin ETF in Canada”