There is no doubt that Ethereum was the premier in bringing smart contracts and DeFi to the cryptocurrency ecosystem, firmly establishing its rank as the most used blockchain in the world. Of late, however, several next-generation networks have emerged that sustain themselves on solving many of the problems faced by the older blockchain. While inContinue reading “These are the reasons behind Solana, Polkadot achieving ‘escape velocity’”

El Salvador is all set to officially introduce Bitcoin as legal tender next week. And yet, it still seems that not everyone in the country is on board with the plan. In fact, a new study has found that 70% of El Salvadorians are opposed to the Bitcoin law that will go into effect onContinue reading “El Salvador: Calls to repeal Bitcoin law grow stronger as D-day nears”

In yet another case of regulatory pushback, top DeFi company Uniswap Labs is reportedly being investigated by the United States Securities and Exchange Commission [SEC]. As reported by The Wall Street Journal, “people familiar with the matter” stated that the watchdog is looking into how investors utilize the world’s largest decentralized cryptocurrency exchange, how itContinue reading “Decentralized exchange Uniswap’s developers now under the SEC’s radar”

While Bitcoin’s growth has stalled of late, the massive strides made in August cannot be ignored. In fact, according to some like Raoul Pal, it’s all a part of the bigger picture. During a recent interview, the CEO of Real Vision opined that the next phase of Bitcoin’s price action “is three months of face-rippingContinue reading “Bitcoin’s ‘worst case is probably $200k,’ but can Ethereum ‘dramatically outperform’ it”

In what is the latest development in the legal battle between the United States SEC and Ripple Labs, the former seems to have finally scored a minor victory. Judge Sarah Netburn has ordered Ripple to produce more Slack messages from a wider group of custodians. The SEC had previously filed a petition demanding Ripple employeesContinue reading “XRP lawsuit: SEC scores point after Court orders Ripple to produce more Slack texts”

While Binance has continued to accelerate its compliance efforts, its regulatory woes just keep mounting. The Monetary Authority of Singapore [MAS] is in the news today after it put the cryptocurrency exchange on its regulatory radar. The exchange platform was placed on the central bank’s Investor Alert List on 2 September. The list contains companiesContinue reading “Binance flagged by Singapore’s MAS, placed on Investor Alert List”

While Ripple Labs and XRP continue to face scrutiny in the U.S, other countries and agencies might soon look at the latter more favorably. Rakuten Wallet, operated by one of Japan’s leading e-commerce portals, has just announced the resumption of XRP trading on its platform. Rakuten’s crypto-arm had discontinued services related to XRP in DecemberContinue reading “Japan’s Rakuten Wallet to resume XRP margin trading next week”

Singapore has made significant strides in regulatory proactiveness as far as the cryptocurrency industry is concerned. One of the nation’s largest payment providers in the country, FOMO Pay, has now become the first to receive a license from the Monetary Authority of Singapore (MAS). The license in question relates to the provision of Digital PaymentContinue reading “Singapore grants city-state’s first crypto-license to FOMO Pay”

The legal battle between the United States Securities and Exchange Commission [SEC] and Ripple Labs is unlikely to end anytime soon. The two parties have relentlessly filed opposing motions to dispel claims made by the other, along with trying to acquire “relevant information.” Ripple has now filed a motion to compel the SEC to answerContinue reading “XRP Lawsuit: All you need to know about Ripple’s Howey Test curveball”

The slew of billionaire investors waiting to bash Bitcoin and cryptos has grown considerably over the past week. After legendary broker John Paulson called Bitcoin worthless, former U.S President Donald Trump is the latest to take a dig. “I’m not a big fan,” he claimed. Reiterating his previous criticism of the industry while speaking toContinue reading “‘Not a big fan’ Donald Trump characterizes Bitcoin, cryptos as ‘may be fake’”

The “Bitcoin is a bubble” theory has been touted for as long as the digital asset has existed. Despite Bitcoin providing optimum returns over the last few years, many traditional investors have failed to find value in the crypto. Billionaire investor and subprime broker John Paulson is the latest addition to this clique. In aContinue reading “Why this billionaire investor’s crypto-investment advice has no basis”

Institutional investors, the world over, are increasing their exposure to Bitcoin. Even as they employ a variety of routes to this end, there is a growing list of top wealth managers adding indirect Bitcoin exposure to their funds through GBTC. The latest to jump on the BTC bandwagon is Texas-based investment manager U.S. Global Investors.Continue reading “Amid criticism, more wealth managers seek indirect Bitcoin exposure”