Latin America’s fascination with Bitcoin seems to only be growing, as Argentinian President Alberto Fernandez recently expressed his support for digital assets adoption within the country’s economy. In a recent interview with the local news channel Caja Negra, the President responded in an affirmative manner when asked about whether he would consider issuing a CentralContinue reading “Why ‘there is no reason to say no’ to this Bitcoin plan”

Banking giants around the world are increasingly showing interest in emerging crypto and blockchain firms through participating in early and late-stage funding rounds for emerging firms in the sector. New research by blockchain market intelligence company Blockdata revealed that 55 out of the top 100 global banks ranked by their assets under management have someContinue reading “Which top banks are investing the most in bitcoin and blockchain”

Investor interest in crypto assets has led to a huge surge in overall investments into the blockchain and cryptocurrency industry, a new report by accounting firm KPMG has revealed. It further stated that this investment bracket has already doubled in the first six months of 2020 as compared to all of last year. The reportContinue reading “Bitcoin or Blockchain: What is causing crypto investments to double”

Football superstar Lionel Messi will reportedly receive crypto fan tokens as part of his transfer package from FC Barcelona to his new club, Paris Saint-Germain. The Argentinian footballer recently left FCB, which he had been a part of for over two decades, and went on to sign a two-year deal with the French club PSG.Continue reading “Messi receives ‘large number’ of PSB fan tokens as part of signing fee”

Singapore’s DBS Bank announced today that its brokerage arm, DBS Vickers, would now be able to provide digital payment token services in Singapore as a mandated payment institution under the country’s Payment Services Act. This is after the bank received in-principle approval from the Monetary Authority of Singapore to provide said services recently. This comesContinue reading “DBS Vickers receives approval for crypto license in Singapore”

Several previous studies have highlighted the growing adoption of cryptocurrencies around the world, especially in the U.S. Another recent study has now pointed out how 13% of the surveyed Americans had purchased or traded cryptocurrencies in the previous 12 months. This new investment group seems to be catching up with traditional stock market investors, whoContinue reading “American Bitcoin and crypto traders are diversifying… but this remains an entry barrier”

Poly Network recently suffered what’s being called the biggest DeFi hack ever, amounting to over $600 million in total losses. Even as the community expressed disappointment and disbelief, this is hardly the first DeFi network that has been subjected to such harrowing losses at the hands of hacks and attacks. Even as overall crimes relatedContinue reading “DeFi hacks: The crux of the problem lies…”

Institutional investment pouring into Bitcoin only increased over the past year, even as the asset’s price has largely retracted during this time. The report released by the analytics firm Glassnode on Monday highlighted that the dominance of Bitcoin transactions worth $1 million more than doubled in the 11 month period between September 2020 and AugustContinue reading “Bitcoin: Why this trend is ‘fairly constructive’ for its price”

With Bitcoin’s price surging 16.6% in just the past week, bulls are back with their predictions. Even as BTC’s price had risen to $45,780 at the time of writing, Thomas Lee, who is the founder of Fundstrat Global Advisors, expects it to go up to $100,000 by the end of this year. In a recentContinue reading “This year-end target for Bitcoin ‘is pretty reasonable’”

With increased institutional adoption and a continually evolving regulatory  stage, it might be becoming increasingly clear that most countries worldwide might not be able to ban Bitcoin after all. What then can their next course of action be? According to Bitcoin analyst Max Keiser, rather than trying to increase their scrutiny against the top digitalContinue reading “Smart govts will ‘start hoarding and mining bitcoin’ to the extent that…”

Japan’s regulatory woes have been a topic of concern lately, and they don’t seem to be easing anytime soon, according to the country’s new commissioner of Financial Services Agency (FSA), Junichi Nakajima. In a recent interview with Bloomberg, Nakajima opined that Japan must exercise caution while making Bitcoin and other cryptocurrencies widely accessible to theContinue reading “Japan: Why easing of regulatory restrictions might not be coming soon”

With Bitcoin rallying up to over $45.7k at the time of writing, hitting its highest levels since mid-May, the crypto community is experiencing a bullish wave. Even the U.S. Infrastructure Bill that seeks to heavily tax cryptocurrency usage, hasn’t been able to deter this upward trajectory. This bullish sentiment was also reflected in the analysisContinue reading “Analyst on Bitcoin: I’ll be watching to see if…”