In a bid to regulate the cryptocurrency industry, South Korean regulators gave cryptocurrency exchanges time until 24 September to register with the authorities to continue to function. However, the exchanges found this deadline too short. Ergo, the country’s blockchain organizations urged regulators to push this deadline by six months. However, this plea may have goneContinue reading “South Korea: Regulators turn a deaf ear to crypto-exchanges’ woes”

Asset management firm VanEck was in the news a few days ago after it filed an application with the United States Securities and Exchange Commission [SEC] for an Ethereum exchange-traded fund [ETF]. However, the firm has now decided to withdraw its application. According to VanEck’s latest filing, “The Amendment relates to VanEck Ethereum Strategy ETF,Continue reading “VanEck, ProShares withdraw their Ethereum ETF applications”

While most central banks around the world are moving to curb cryptocurrencies and replace them with a central bank digital currency [CBDC], Costa Rica has different plans. Like most, the Banco Central de Costa Rica [Central bank of Costa Rica] has remained cautious in its approach to this asset class. However, it has now characterizedContinue reading “Here’s why this country’s central bank thinks CBDCs are ‘not necessary’”

People from the XRP community have started to point fingers in the ongoing Ripple v. SEC lawsuit. Much of this stems from the fact that many lack the clarity required to understand where the case is actually at right now. The contentious question of sealing documents and depositions is a case in point. In whatContinue reading “XRP lawsuit: SEC files letter opposing ‘in part’ Ripple’s motion to seal”

Ukraine’s Ministry of Digital Transformation is planning to compensate its employees with its central bank digital currency [CBDC]. According to Minister Mykhailo Fedorov, this will be possible once the new hryvnia is ready for testing. According to the government official, “We have it on the table as one of the first pilots, the payment ofContinue reading “Ukraine to push CBDC pilot by paying employees in digital hryvnia”

Ethereum, the market’s leading altcoin, has been striving to compete with Bitcoin’s dominance in the market. Of late, however, the second-largest alt has been bridging the gap with BTC. In fact, despite some bearish trends over the past few months, ETH was fetching 300% year-to-date returns to investors, at press time. As its value beganContinue reading “This is ‘a nice leading indication’ of where Ethereum will move next”

The SEC v. Ripple lawsuit has been seeing an amped-up back and forth between the two parties with the court in the middle. In what is the latest development in the same, the SEC is now opposing Ripple’s motion to compel the production of discovery materials. As per a court filing shared by @CryptoLawUS, theContinue reading “XRP lawsuit: Why the SEC is opposing Ripple’s motion on an ‘illogical basis’”

The exponential growth of the Polygon Network has not remained a secret in the cryptocurrency world. The Ethereum-scaling project formerly known as the Matic network carved its path in the ecosystem by offering Ethereum solutions. Given the long, correction period in the market, many users who could not bear with the Ethereum network’s high costContinue reading “Is MATIC still a safe bet in the market”

Ethereum, the second-largest cryptocurrency, has been actively forging a new path as it loses correlation from Bitcoin. This has resulted in the value of Ether limiting the intensity of dumps witnessed in the Bitcoin market and recover faster. With the third-quarter kick-starting, analysts believed Ethereum was among the top 5 picks for alt traders andContinue reading “Ethereum: Why ‘we still haven’t seen anything yet’”

The season of altcoins is back and only a handful of them have kept the traders and market interested. One among these digital assets is Cardano. It has been striving to improve the network and compete with the largest altcoin, Ethereum. Cardano’s native token ADA established its place among many crypto investors’ portfolios and goingContinue reading “Cardano’s ‘potential for profit’ you need to know”

Bitcoin’s price rejected resistance at $48,000 on Saturday and was trading at $45,787. This meant that the downward pressure has remained in the market and we are not quite out of the woods yet. However, analysts have found a tested sign to predict what direction the BTC market could take. Financial analyst and creator ofContinue reading “Here’s why the ‘real test’ for Bitcoin is coming”

Cardano’s native token ADA rallied on the back of the Alonzo Purple announcement. The highly anticipated Hard Fork Combinator [HFC] event was announced for 12th September 2021, by Nigel Hemsley, Head of Delivery & Products at IOHK. With Alonzo Purple set in motion, ADA price has been reflecting the confidence of the traders. During aContinue reading “Cardano: ‘It’s happening!’ Alonzo upgrade is scheduled for…”