In a bid to boost regulatory compliance, Binance Singapore has announced the appointment of Richard Teng as CEO. He is the former Chief Regulatory Officer of Singapore Exchange (SGX). This development is noteworthy as Binance has been appointing past regulators in leadership positions within the organization of late. This can be seen as one ofContinue reading “Binance takes another step towards regulatory compliance with new appointment”

As the adoption and usage of Bitcoin and other cryptocurrencies increases around the world, fintech giants are starting to include the same in their basket of offerings. The latest update on this front is from Paypal after it announced that it will extend its cryptocurrency services in the United Kingdom. This means that customers inContinue reading “Bitcoin, Ethereum, Litecoin are now available to Paypal’s U.K customers”

As the world’s most used blockchain, Ethereum has grown significantly over the years. Both the network’s market cap and institutional interest have grown too. In fact, many analysts have also predicted that ETH will overtake the market value of Bitcoin. This hypothesis, today, is widely dubbed to be the flippening. In fact, according to aContinue reading “Here’s this exec’s timeline for when Ethereum will ‘overtake’ Bitcoin”

A Bitcoin and cryptocurrency ETF has been long-awaited by many crypto-enthusiasts as it would bring in cash inflows from big-ticket investors. While countries like Canada and Brazil have already authorized Bitcoin and Ethereum ETFs, the American SEC has been reluctant to do so. Dave Nadig, however, thinks this might happen as soon as the endContinue reading “A Bitcoin ETF will come ‘sometime this year,’ but what can investors do till then”

Bitcoin and the rest of the market’s cryptocurrencies have often been targeted for their alleged use in the world of terrorism financing. India’s Minister of External Affairs is the latest to join the chorus after he claimed that ISIS is now rewarding killings via Bitcoin. Speaking to the UNSC on Thursday, S Jaishankar claimed thatContinue reading “India’s External Affairs Minister claims ISIS is using Bitcoin to ‘reward killings’”

Coinbase is in the news today after it announced that it will be putting $500 million into a diverse basket of cryptocurrency assets. This basket will include top digital assets such as Bitcoin and Ethereum. In a recent blog post, the top American exchange revealed that apart from its commitment of $500 million in cashContinue reading “Coinbase to become first public company to hold Ethereum, DeFi assets AND Bitcoin”

Ethereum doesn’t have a bigger proponent than co-founder Vitalik Buterin, with the developer always attempting to highlight its worth over Bitcoin. In a recent interview with Bloomberg, the entrepreneur expressed his skepticism about the blockchain plans pushed forward by the CEOs of social media giants Twitter and Facebook. The former, in particular, is of majorContinue reading “What Ethereum’s co-founder has to say about Bitcoin lacking this ability”

Since El Salvador first decreed that Bitcoin will be made legal tender, the crypto-world has waited with anticipation for this financial revolution to unfold. Despite heavy criticism from both inside and out, the country hasn’t backed down from going through with the plan. In fact, the implementation is set to take place on 7 September.Continue reading “These are the key points El Salvador’s ‘worrying’ Bitcoin banking regulations ignore”

Binance‘s regulatory woes have one thing in common – They never seem to end. In what is yet another effort at compliance, the exchange has extended restrictions on derivatives trading to users in Australia. In a recent announcement, the company informed its Australian users that effective immediately, new users from the country will not beContinue reading “Is Australia the next chapter in Binance’s pivot to ‘proactive compliance’”

Bullish assessments of Bitcoin‘s long-term price movement are common among analysts due to its large-scale adoption and exponential growth. Many in the past have predicted that the cryptocurrency will hit $100,000 by the end of 2021. In analyst Scott Melker’s opinion, however, a longer term will see it turn into a “seven-figure asset.” Speaking toContinue reading “Bitcoin will ‘flip gold’ in the future, but here’s the big IF”

The U.S. Infrastructure Bill that was passed earlier this month fueled much panic within the Bitcoin and crypto-community due to the last-minute crypto-tax provisions that were added to it. Some members of the Senate tried to effect amendments in order to expand on the language used in the bill. However, they did not succeed dueContinue reading “Is DeFi the real reason behind U.S infra bill’s crypto-inclusions”

The reasons behind Dogecoin’s exponential growth were many, but DOGE’s utility and development activity were hardly ever a part of that. The network is now all set to be revamped after being more or less dead in terms of development in the past. According to a statement issued by the Dogecoin Foundation on Tuesday, theContinue reading “Ethereum co-founder’s new role might have this effect on Dogecoin”