The fears of a crypto crash are growing in the community with a bear run dominating the market. At press time, Bitcoin was trading at $39,986, down by about 2.15% over the last day. Ethereum, on the other hand, was down by 0.14% in the last 24-hours. Notably, the previous week saw around $300 billionContinue reading “Record BTC-NASDAQ correlation downplayed by dip”

The Miami Bitcoin conference wrapped up on 9 April with the largest Bitcoin gathering of over 35,000 attendees. The conference saw a lot of different price predictions from the Bitcoin protagonists. One such personality was Peter Thiel the co-founder of PayPal. With immense faith, he remains convinced about Bitcoin’s potential to rise 100x by theContinue reading “Miami Bitcoin conference ends on a ‘Bitcoin at 100x by 2023’ note”

Sky Mavis has announced to reimburse all the victims in the $600 million that took place on 23 March. Binance confirmed it is leading the initial $150 million funding round with Animoca Brands, a16z, Dialectic, Paradigm and Accel also participating. On 23 March, Sky Mavis’ Ronin and Axie DAO validator nodes were hacked. The hackContinue reading “Ronin hack: Sky Mavis prepares reimbursement through $150M funding round”

Singapore on 5 April became the latest Asian state to pass a law on regulating cryptocurrencies. In its tight embrace of cryptocurrencies, the law was passed in Parliament. Prior to the law, digital token service providers were not regulated for money laundering and terror financing activities. The new legislation tightens the grip of the authoritiesContinue reading “Singapore: Latest state to pass crypto law amidst growing regulatory concerns”

Top Galaxy Digital officials recently spoke about the current market trends and adoption volume of Bitcoin in an Earnings Conference Call. The crypto-financial services firm remains bullish on crypto-assets in 2022, especially after a series of positive events for the sector. Galaxy headed for glory? CEO Mike Novogratz was particularly pleased with the company’s fourthContinue reading “Bitcoin not ‘rangy’ anymore? Here’s why these exes are singing different tune”

Leading NFT marketplace, OpenSea, recently shared a teaser on Twitter – confirming a months-old speculation that OpenSea will be listing Solana-based NFTs on their platform from April. Captioned as ‘the best kept secret in web3’, it spoke about the months of anticipation and inquiries made by NFT enthusiasts across the Solana blockchain. The best keptContinue reading “OpenSea confirms listing Solana NFTs from April, but here’s the caveat”

The Committee on Economic and Monetary Affairs of the European Parliament is set to hold a session on 31 March, 2022. It is heading to put regulatory clauses on crypto trade with non-custodial wallets. This prohibition would be an initiative aimed at curbing money laundering. An excerpt from the proposal read as follows: “The EUContinue reading “Assessing EU’s proposed clampdown on crypto trading among non-custodial wallets”

11 crypto exchanges were probed under investigation in India for alleged evasion of goods and services tax (GST). The quantum of evasion is valued close to INR 81 crore (~$10.7 million) as per The Times of India. Pankaj Chaudhary, the Minister of State for Finance, discussed the latest crackdown on crypto exchanges before the parliament.Continue reading “India: Probe into crypto exchanges reveals over $10.7 million in tax irregularities”

As Bitcoin struggles to claim its status as a safe haven, analysts seem divided. On the other hand, Bitcoin maximalists have been undeterred by market swings to consider BTC as the ‘new gold.’ In a recent podcast, Darius Dale, Founder & CEO of 42 Macro, discussed the bright future of Bitcoin. According to him, theContinue reading “Analysts divided over Bitcoin but what does it mean for BTC holders”

Japan will revise changes to the economic sanctions levied on Russia following Moscow’s invasion of Ukraine. Of late, several reports have alluded to Russia’s efforts to evade the sanctions using crypto-assets. Japan is the latest to amend its foreign exchange laws to avoid this, something confirmed by top government officials. The government will submit aContinue reading “Japan amends law to stop Russia exploiting ‘crypto-loopholes’”

DeFi hacks have become a major concern for the entire crypto ecosystem. In a recent incident, Solana’s stablecoin project Cashio lost $50 million in a hack. Dozens of victims were left shocked after the CASH stablecoin plummeted to a low of $0.00005 right after the exploit. What happened? According to CashioApp, the hacker exploited anContinue reading “Decoding the if, but, and so of ‘Cashio Hack’”

Bitcoin and Ethereum are the undisputed leaders of the crypto-ecosystem. In fact, BTC and ETH have been on a bullish run of late. At press time, the king coin was changing hands at $46,951, up by 5.03% over the last 24 hours. On the other hand, ETH was trading at $3,322 with a positive changeContinue reading “Does Ethereum’s ‘Merge’ only ‘harden Bitcoin’s use case’”