The adoption of Bitcoin and other cryptocurrencies as an asset class has been skyrocketing. In fact, both novice and professional investors have shown great interest in the emerging market. Now, some studies have suggested that adoption in the USA has slowed down when compared to lower-income nations. However, according to a new study and itsContinue reading “About half of Americans find Bitcoin a risky business, but do they care”

The growth of institutional investments in the mainstream cryptocurrency ecosystem, as well as in DeFi, has been phenomenal over the past year. A number of venture capitalists have made direct or indirect investments in the space through a number of channels. The latest addition to the same is British billionaire Simon Nixon. “Hard to ignore”Continue reading “Why this British billionaire’s family office wants more Bitcoin, crypto-investments”

The crypto-regulatory landscape in the U.S. has been somewhat bumpy lately. While senators have often purported different viewpoints with respect to Bitcoin and other cryptos, digital assets have received a rather ambiguous categorization. The Infrastructure Bill can be taken as a case in point, one where last-minute crypto-tax provisions sent a wave of FUD acrossContinue reading “The U.S government can be more Bitcoin-friendly, but here’s where to start”

The exponential growth of DeFi over the past couple of years has been fascinating. These decentralized protocols, built mainly on top of the Ethereum network, have provided investors worldwide with a vast array of decentralized investment tools. However, while it remains one of the crypto-economy’s fastest-growing sectors, its adoption has been somewhat disproportionate. The biggestContinue reading “This is how DeFi adoption stats flip the script on the USA and China”

The flow of institutional investment into the Bitcoin and cryptocurrency industry was a welcome change that marked the previous year. With industry behemoths like Microstrategy and Tesla going bullish on Bitcoin, there was no stopping other institutions to follow suit. However, one deterrent to direct big-ticket institutional investment into Bitcoin has been its price volatilityContinue reading “Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos”

Cardano has been trending for a couple of weeks now, and for good reason. As the network continues to upgrade, ahead of the Alonzo mainnet hard fork next month, its native token ADA has seen an exponential rise in popularity. Additionally, there is a piece of good news for Japanese traders looking to add ADAContinue reading “Cardano goes east after Japan’s BitPoint becomes first to list ADA”

The mounting profits that users were earning through online play-to-earn games like Axie Infinity might soon be reduced substantially in the Philippines. The nation’s tax authorities recently declared them as being taxable incomes. According to a report by the Manila Bulletin, the Department of Finance (DOF) is looking to tax not only such blockchain-based gamingContinue reading “Axie Infinity falls under regulatory radar in Philippines”

Japan’s Financial Services Authority (FSA) recently initiated discussions around imposing stricter regulations on the cryptocurrency industry in a bid to protect its citizens from possible financial losses. According to a report by Jiji Press, a separate section was set up by the FSA in July to oversee digital and decentralized finance. A panel of expertsContinue reading “Japan’s FSA to consider imposing stricter cryptocurrency regulations”

The saga of the Ripple v. U.S. Securities and Exchange Commission lawsuit has been long drawn and tedious. The latest development on that front, has come in the form of Ripple’s response to SEC’s opposition to their motion to “compel the production of internal and inter-agency documents.” As part of this response, Ripple’s lawyers requestedContinue reading “XRP lawsuit: Ripple claims SEC is ‘fighting legal standards’”

At the time of writing, Bitcoin’s foray above $50,000 had ended on the back of corrections over the past 24 hours. Even so, many in the community remain confident about their $100k projections. How assured is Bitcoin’s long-term price trajectory, however? Before the latest halving in 2020, Bitcoin was valued at $8,821. However, it surgedContinue reading “Why the financial implications of ‘underestimated’ Bitcoin ‘cannot be escaped’”

The Poly Network hacker, or hackers, have returned the final piece of the $610 million they had stolen from the DeFi network nearly two weeks ago. Via a blog post on Monday, Poly Network confirmed that they had successfully retrieved the remaining 28,953 ETH and 1,032 WBTC, worth about $141 million. This was possible onlyContinue reading “‘Mr. White Hat’ shares private key for remaining $141M in stolen Poly Network funds”

Bitcoin and cryptocurrencies have been a major source of controversy in China for some years now. In fact, crypto-entities, both users and exchanges, have been at the end of a lot of regulatory backlash. Now, a new ruling by a Chinese High Court in Shandong might have set a dangerous precedent for the whole crypto-community.Continue reading “China: High Court rules Bitcoin, cryptocurrencies ‘not protected by law’”