The value of the largest cryptocurrency, Bitcoin [BTC] finally breached $48,000. It witnessed a surge of nearly 9% over a day and saw the price hit this level for the first time, after its massive fall on 19th May. The stumbling price of Bitcoin did puzzle a lot of people, especially chartists who were unsureContinue reading “After briefly hitting $48k, will Bitcoin follow this ‘worst case scenario’”

Prominent cryptocurrency exchange, Binance announced the discontinuation of Korean Won trading pairs and payment options. Effective immediately, the exchange will stop offering KRW trading pairs, KRW payment options along peer-to-peer [P2P] merchant applications. The exchange will also stop its Korean language website support, as per the official announcement. Binance also added, “Binance P2P will removeContinue reading “Why did Binance make this move”

Canada has been one of the pioneering countries to approve cryptocurrency exchange-traded funds [ETFs]. However, a recent survey indicated that despite the lenient guidelines for investors, the people were not convinced about the safety of their investment. A survey commissioned by Hardbacon- a fintech company revealed that only 5% of the respondents considered Bitcoin asContinue reading “The story of Bitcoin adoption in Canada seems strange”

The unrest in China related to mining activities led miners to an exodus. As miners relocated their systems to Kazakhstan and the United States, among other countries, the Bitcoin miner reserves were closing in on its all-time high observed in May. Bitcoin Miner Reserves Bitcoin Miner Reserves indicates the sentiment of the miners at theContinue reading “This Bitcoin metric is close to hitting its previous ATH”

As Bitcoin miners are relocating to new areas, there has been a growing interest in the United States for cryptocurrency mining. It was not only offering an alternative for suitable mining in Texas but also was seeing Nasdaq-listed companies enter the mining realm. According to the recent announcement from Powerbridge, a Nasdaq-listed, SaaS solutions company,Continue reading “Nasdaq-listed Powerbridge to start mining Bitcoin and Ethereum”

Ripple and XRP have been hogging the news lately owing largely to the U.S. regulators’ claim that XRP was a security. While the case is still in progress, the XRP community remained vigilant about Jed McCaleb (Former Ripple exec) spending his XRP. It is no secret, that the former CTO of Ripple has been graduallyContinue reading “Here’s what you need to know about Ripple’s former exec dumping XRP this month”

Prime Minister of India, Narendra Modi launched e-RUPI, a digital voucher program in a bid to boost the country’s fintech sector. The Indian government has been making efforts to digitize payments and e-RUPI will go a long way in achieving this. However, with e-RUPI already present, what role will a central bank digital currency [CBDC]Continue reading “Will India’s e-RUPI adoption pave the way for CBDC”

Ripple is adding to its list of corridors for providing on-demand liquidity [ODL] solutions to more users by connecting different parts of the world. Its latest addition is a partnership with one of the prominent companies in South Korea, GME Remittance to enable faster payments to Thailand. According to the official announcement by Ripple, GlobalContinue reading “Ripple bags another partner for RippleNet”

The lack of regulations in the field of cryptocurrencies once again emerged as a pain point when the United States government released its proposed tax provisions, as part of the Infrastructure Bill. Prominent technology giant and crypto figure, Jack Dorsey jumped into conversing about crypto, offering a “workable simplification” regarding the crypto tax provisions. AsContinue reading “Jack Dorsey has a ‘workable simplification’ for crypto tax provision”

Standard Chartered’s crypto brokerage arm Zodia Custody announced plans to offer its services to institutional investors in Ireland. Recently in July, Standard Chartered along with Northern Trust received regulatory approval from the Financial Conduct Authority for Zodia Custoday, a digital asset joint venture operation. It was formed to offer commercial services to clients as aContinue reading “Standard Chartered announces crypto broker service in Ireland”

Finally! Bitcoin breached its $45,000 level, after breaking through a series of resistance levels. Since the fall in May, Bitcoin price traded within a vast range between $30,000 and $42,000. As visible in the chart above, the crypto bounced between the highs and lows, while maintaining a mid-level at $36,500. As per data collected earlierContinue reading “Bitcoin surpasses $45000! Here are the levels to keep an eye on”

While many countries are trying to ban cryptocurrencies due to economic concerns, Ukraine has taken a positive step towards legalizing cryptocurrencies. According to the Deputy Minister of Ukraine’s Ministry of Digital Transformation, a new crypto-related bill will soon make it “quite legal to pay with cryptocurrencies.” However, despite the draft bill allowing transactions through crypto,Continue reading “Ukraine: New bill might soon make it ‘quite legal to pay with cryptos’”