Bitcoin has a “long way to go” and institutions know it. As they awaken to this realization, wealth management giants like Morgan Stanley are ramping up their indirect Bitcoin exposure. As per a recent filing with the United States Securities and Exchange Commission [SEC], the third-largest wealth management firm has purchased over one million GrayscaleContinue reading “Morgan Stanley bets on GBTC as Grayscale completes unlocking”

The Special Provisions Act is set to come into effect from 25 September in South Korea and this has left many exchanges panicking. Popular crypto-banking platform Sandbank is one of them, with the firm recently revealing the blurry regulatory picture currently taking shape. According to reports, the requirements for registrations have been difficult to meetContinue reading “South Korea: Crypto-bank decries lack of ‘clear authoritative interpretation’”

Multinational technology corporation Microsoft has won its “ledger-independent token service” patent. This blockchain-related patent notes techniques for implementing a cross-chain token management system, something that sounds similar to Ethereum’s. Microsoft and Tech Although it’s not deeply involved in crypto, Microsoft has remained active in the blockchain space. The latest filing of the blockchain-based project hasContinue reading “Microsoft patents its ‘ledger-independent token service’ similar to Ethereum”

Cardano is trying to revolutionize its blockchain into an interoperable one and compete with Ethereum’s decentralized finance [DeFi] ecosystem. Tracing the steps of ADA, its native altcoin, Cardano is now inching closer to its DeFi objectives with dcSpark, a product-based DLT company. On Wednesday, dcSpark announced plans to develop a novel sidechain project dubbed MilkomedaContinue reading “New Cardano sidechain project might spur entry into the DeFi space”

The United Kingdom regulatory watchdog, Financial Conduct Authority [FCA] announced on Wednesday that “Binance Markets Limited” complied with its regulatory requirements. The notice was shared by the CEO of Binance on Twitter. Two months ago, the UK regulators started cracking down on the exchange, highlighting concerns over its governance and products. At the time itContinue reading “FCA clears ‘Binance Markets Limited’ to operate in the UK, cites compliance”

The deadline for fact discovery in the SEC V. Ripple Labs case is fast approaching on 31 August. However, the two parties have now moved to court with a joint request to grant them a brief extension. According to the court filing, Ripple and the SEC submitted a proposed order reflecting joint requests for “DepositionsContinue reading “Ripple, SEC seek extension of expert discovery deadline among others”

Cardano [ADA] resumed its rally to the top as it marked an all-time high of $2.65. Some major contributors to its rally were the recent developments and upgrades on the Cardano network. ADA began to rally higher after IOHK announced the date for the upcoming Hard Fork Combinator [HFC] event. This mid-month update sent ADAContinue reading “Hoskinson shares why ‘first-to-market’ cannot work out for Cardano”

It’s been a while since traders saw Bitcoin breach an important psychological level on the charts. The efforts of buyers in the market were rewarded today after the digital asset broke past its resistance at $49k and surged past $50,000 once again. In fact, BTC climbed to as high as $50,270 on its hourly candle.Continue reading “Bitcoin goes past $50,000 again, but is the recovery complete”

There have been several alleged Ethereum killers, but none have managed to overtake the world’s largest altcoin. Is it possible then that Solana could achieve this feat? In fact, according to Kyle Samani, Managing Partner at Multicoin Capital, Solana and Ethereum could be the iOS and Android of the crypto-world. What’s the Ethereum effect forContinue reading “‘Ethereum killer’ Solana can co-exist, but what will the ‘The Merge’ mean for it”

Michael Saylor being bullish on Bitcoin is no news. In fact, he has often spoken about the digital asset’s potential to transform payments and become “the future of property.” However, in a recent interview with Dan Weiskopf, Saylor went one step further. Here, Saylor touched upon Apple’s potential to become the “world’s biggest, most profitableContinue reading “Apple can get in on Bitcoin using this strategy”

Ethereum Classic has seen massive growth of late, with 1,127% year-to-date returns to investors. This, despite the 51% attacks not so long ago. What’s more, ETC also outperformed Ethereum [ETH] on several days in May. Now, with Ethereum moving towards Proof of Stake (PoS), the question is, could ETC become the largest Proof of WorkContinue reading “Is there any basis to these Ethereum Classic price projections”

It is no secret that mainstream institutions are only now realizing the potential of cryptocurrencies. They are looking for a way to invest in them while also managing risk. Based on Coinbase’s quarterly filings, major institutions including Goldman Sachs and JPMorgan hold Coinbase stocks. This begs the question – “Why are institutions buying into CoinbaseContinue reading “What do institutions have to gain by getting in on Coinbase’s stock”