South Korea’s crypto-sector has been expanding at a rapid pace lately, with new sets of investors joining the market community every day. In fact, Bitcoin’s surging price has also instigated a corresponding surge in the volume of virtual asset transactions in the country, with the steadily increasing demand for BTC in North America positively rubbingContinue reading “South Korea: Here’s what experts feel about Bitcoin’s chances against gold”

While the 14th of April was a big day for the crypto-community thanks to Coinbase’s listing developments, the day also saw news of an old hack rear its head again. The incident in question, the 2016 Bitfinex hack, made headlined today after it was reported that hackers have started moving the stolen cryptos for theContinue reading “2016 Bitfinex hackers move BTC worth over $623M to unknown wallet”

The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedly witnessed a surge in the number of tax evaders, with local authorities perceiving the crypto-space to be a safe haven forContinue reading “South Korea’s Gyeongju targets tax defaulters via virtual asset seizures”

Europe’s largest digital asset investment firm, Coinshares, is in the news today after it announced the launch of a novel Exchange Traded Product (ETP) under the name ‘Coinshares Physical XRP.’ The commodity will be listed under the ticker XRPL on the regulated SIX Swiss Exchange. This product will be Coinshares’ fourth new product launched thisContinue reading “Europe’s CoinShares announces the launch of XRP ETP”

A recent study by Nature Communications brought to light how China’s Bitcoin mining threatened the global climate change targets and sabotaged the mining hub’s plans of achieving carbon neutrality. The report pointed out how this made China’s Bitcoin carbon footprint as big as one of its ten largest cities. Nic Carter, Co-founder of crypto-website CoinMetrics, recentlyContinue reading “This ‘Bitcoiner’ says Dogecoin investors are going to lose their money”

A couple of years back, Bill Gates had made a statement accrediting digital currencies to be the future of money. With technology getting refined every day, this statement seems to make even more sense now. In a recent interview, David Schwartz, CTO of Ripple, pointed out how newer systems will overtake the pre-established centralized frameworksContinue reading “Here’s what Ripple’s CTO had to say regarding XRP’s ‘biggest success’”

Magistrate Judge Sarah Netburn granted Ripple’s motion to keep the records of its current and former chief executives private.  The SEC had requested the personal financial records of the past eight years of Brad Garlinghouse and Chris Larsen, Ripple’s current and former chief executives. However, in the recent ruling, Netburn ruled that the revelation ofContinue reading “Judge dismisses SEC’s request to furnish Ripple execs Garglinghouse and Larsen’s financial records”

Bitcoin, the world’s largest cryptocurrency, was pioneered to tackle the shortcomings of the centralized financial ecosystem. However, PayPal’s co-founder, Peter Thiel, elaborated his outlook on the digital currency’s role in a recent Richard Nixon Foundation event.  Peter, emphasized that Bitcoin poses a threat to fiat currency. He perceived it to be a Chinese financial weaponContinue reading “Is Bitcoin mining in the US seeing a ‘revolution’?”

US regulators have been quite skeptical and averse to experimental technology and have slammed the door on a considerable number of new projects in the cryptocurrency ecosystem.  Speaking on similar lines in an interview, David Schwartz, the CTO of Ripple Payment Protocol and Exchange Network Ripple, highlighted how the lack of unified regulatory clarity inContinue reading “Here’s why this Ripple exec warns US regulators that innovation may head overseas”

The SEC published a public notice on Friday announcing that it would begin assessing and evaluating, asset manager, WisdomTree’s Bitcoin ETF that was filed in March.  In addition to this, crypto investment managing firm, Kryptoin has also re-filed for a Bitcoin ETF.  It had previously done so in October 2019 and had proposed to listContinue reading “SEC reviews WisdomTree’s Bitcoin ETF Proposal”

The Central Bank of Sri Lanka (CBSL) has warned its citizens to be wary of crypto investments. In a public notice released on 9 April 2020, the CBSL underlined a host of activities that could put the investors at risk. The activities highlighted revolved around ICO investments, trading on crypto exchanges, and cryptocurrency mining.  TheContinue reading “Sri Lanka’s central bank issues warning regarding cryptocurrency risks”

David Schwartz, Chief Technology Officer of Ripple and one of the original architects of the XRP ledger, stated what the company hopes to accomplish amid their SEC lawsuit. In a recent interview, Schwartz deviated from SEC’s assertion. He said that Ripple was looking for evidence that proved XRP to be similar to BTC and ETH.Continue reading “XRP lawsuit: Ripple CTO addresses worst-case scenario for coin and investors”