The constant back and forth between the United States SEC and Ripple Labs is set to go on for a while. The defendants have now responded to the SEC’s motion to compel the company to turn over video and audio recordings of its internal staff meetings. According to a response filed by the firm lessContinue reading “XRP Lawsuit: Ripple accuses SEC of ‘ill-conceived motion practice’”

As Bitcoin became legal tender in ElSalvador, the world witnessed history in the making, ushering in what many believe to be a big leap towards an upcoming financial revolution. Nevertheless, critics remained firm on their opposition to this move. The latest amongst them was Russia, as the Kremlin officially confirmed, it was not looking toContinue reading “Russia firm on its stance against Bitcoin and other cryptocurrencies”

Bitcoin remains unbeatable as far as adoption is concerned. However, over the years, many competing blockchains have surpassed Bitcoin on the fronts of network functionalities and scalability. This has even lead to many youngsters terming it as the “boomer coin” since it is now invested in more by institutions, big-ticket players, and seasoned investors. OnContinue reading “Altseason or not, here’s what separates and makes Bitcoin ‘better than the rest’”

Countries around the world have stepped up their efforts to launch and promote their Central Bank Digital Currencies (CBDC). And, China seems to be winning that race by a fair margin. In fact, according to a recent report, over 20 publicly listed companies have disclosed in recent filings their work towards the research and developmentContinue reading “China: CBDC race gathers steam as more companies develop e-CNY products”

Regulation and compliance is the name of the game if a company wants to succeed in the current legal environment around the cryptocurrency industry. Many companies worldwide are thus stepping up their efforts at both self-regulation and complying with rules in order to remain in the good books of law. Presumably, with that aim, aContinue reading “South Korea grants security certificate to the first crypto-trust company”

Despite battling an environment of regulatory uncertainty, crypto-startups in India have only grown over the past few weeks and months. In fact, the industry might soon produce its second crypto-unicorn. CoinSwitch Kuber is reportedly in advanced talks for a new funding round, according to local media. The report in question cited sources close to theContinue reading “India might be poised to produce its second crypto-unicorn after CoinDCX”

In yet another case of regulatory pushback, Thailand’s Securities and Exchange Commission [SEC] has recommended that the country’s Finance Minister should revoke Huobi (Thailand) Co.’s business license due to its repeated failure in fixing system and management flaws. In an announcement on its official website, the watchdog revealed that it had approved the temporary suspensionContinue reading “Thailand’s SEC moves to revoke Huobi’s local trading license”

Just as regulators worldwide are tightening their grip around the cryptocurrency industry, Britain’s top financial watchdog appealed for expanding the scope of regulation in the country, albeit with caution. The country’s Financial Conduct Authority (FCA) raised an alarm against the risks associated with crypto investments and pointed out the issue of investors delving into theContinue reading “UK’s FCA Chair recommends ‘narrowing’ regulatory focus on stablecoins and speculative tokens”

Bitcoin enthusiasts the world over, are waiting in anticipation for El Salvador’s Bitcoin law to finally come into force tomorrow, 7 September. This marks the first time that the cryptocurrency will attain the status of legal tender in a nation. To commemorate this event, a Reddit community with over 3 million members, decided to buyContinue reading “What these ‘unlikely’ supporters have in mind for Bitcoin adoption in El Salvador”

Amid much community fervor, Cardano’s Alonzo testnet hard fork finally took place last week. The primary anticipation was behind the inclusion of Plutus smart contracts into the network, which would allow it to vastly expand its functionalities. The community’s enthusiasm was clearly reflected in the bull run that Cardano’s native token ADA has been on,Continue reading “Do errors in first public testnet dApp, post Alonzo hardfork, mean ‘death of Cardano’”

Social media has a huge influence on the lives of most netizens, often dictating the way the world is perceived. The cryptocurrency industry is no exception. In fact, a new report by Finder.com has predicted that social media will underpin the industry’s growth going forward. And, there is good reason to believe so too. TheContinue reading “The downside to ‘social media underpinning growth’ of cryptos like Bitcoin, Dogecoin”

The last few years have seen many new blockchain-based startups emerge around the world. Some established ones like Coinbase have held fairly successful public offerings too. Consider this – The number of new entries to the industry this year has almost equaled the figures for the last two years combined. Such growth across the blockchainContinue reading “A closer look at North America’s ‘disproportionate’ foray into crypto, blockchain”