Cardano has kicked off its Alonzo Purple phase, as per schedule, in time for the launch of the Hard Fork Combinator [HFC] event. The update was first revealed by the IOHK team on Twitter. The said update is in line with what was expected from Alonzo this week. In a recent vlog, IOHK Founder andContinue reading “Cardano: Alonzo Purple is a go after smart contract-supporting public testnet goes live”

DAOs and DeFi are a crucial part of the cryptocurrency universe. The decentralized structure of the field, however, has been raising concerns in the minds of regulators such as the SEC. Chairman Gensler, for instance, explicitly spoke about Decentralized Finance [DeFi], stablecoins, and crypto-lenders being potential targets for greater regulatory scrutiny a few days ago.Continue reading “‘Builder-first DAO’ proposal to ‘defend’ DeFi gathers steam after Gensler’s remarks”

South Korea has been taking big steps towards the development of its central bank digital currency [CBDC]. In fact, according to local media, two Samsung affiliates are set to join several Kakao subsidiaries in piloting the Bank of Korea’s CBDC prototype. Samsung, reportedly, will be carrying out the test for offline payments using its GalaxyContinue reading “Samsung to join Kakao for offline trials of South Korean CBDC”

While regulatory clarity on the question of cryptocurrencies is still lacking, India is ramping up its efforts to develop its own central bank digital currency [CBDC]. According to T Rabi Sankar, Deputy Governor of the Reserve Bank of India, the model of a prospective CBDC might be launched by the end of 2021. During aContinue reading “India might launch its CBDC model by December 2021, but here’s the problem”

Cardano’s Hard Fork Combinator [HFC] event will be taking place towards the end of August, as per the latest update provided by Founder Charles Hoskinson. In his latest vlog, Hoskinson provided the community with more updates and the timeline that can be expected for the HFC rollout. Countdown to Alonzo has begun During his previousContinue reading “Cardano: What you should know about the HFC Abort fallback option”

The European Union has approved a French fund manager’s filing for an exchange-traded fund [ETF] which will track Bitcoin‘s price closely. This will make Melanion Capital among the first companies to offer the world’s largest cryptocurrency through mutual funds in Europe, as per reports. This approval was sought after the company agreed to comply withContinue reading “Paris-based fund manager gets green light for EU-regulated Bitcoin ETF”

The Ethereum London Hard fork is now live. The hard fork took place on 5 August at 12.33 pm UTC on Thursday at a block height of 12,965,000. The fork enabled Ethereum Improvement proposal [EIP] 1559, a proposal that has been a contentious proposal, to begin with. The update is also one of the mostContinue reading “Ethereum activates much-anticipated London hard fork”

Victory Capital Holdings, Inc., a global asset management firm listed on NASDAQ, today announced its intention to launch Victory Hashdex Nasdaq Crypto Index Fund LLC. This is a private fund that tracks the Nasdaq Crypto Index (NCI). This company will function under Victory Capital Management Inc, which is an adviser to the VictorShares ETFs. AccordingContinue reading “Victory Capital joins list of firms seeking SEC’s approval for crypto-ETF”

The United States Securities and Exchange Commission’s lawsuit against Ripple Labs saw a recent development after U.S. Magistrate Judge Sarah Netburn granted Ripple CEO Brad Garlinghouse’s motions to “Obtain International Discovery.” According to the order description, “ORDER granting 274 Letter Motion for Discovery. The Court will communicate with counsel to arrange delivery of the letters.”Continue reading “XRP lawsuit: Judge grants Ripple CEO’s motion to obtain docs from Binance”

Riccardo Spagni, better known as “Fluffypony” and Monero’s former lead maintainer, was arrested last month in the United States. The arrest was on account of allegations of fraud committed between 2009 and 2011 in South Africa. Although this has no connection to the Monero network, as expected, other developers were quick to take preventive measures.Continue reading “Monero core team ‘removes potentially critical access’ after ex-maintainer’s arrest”

Governments around the world have been trying to distance themselves and their citizens from cryptocurrencies. However, history suggests that people always find a way. Nigeria is no exception. In February 2021, the Central Bank of Nigeria [CBN] directed financial institutions to cease services to entities involved in cryptocurrencies. Soon after this directive came into effect,Continue reading “Nigeria’s CBN missed this blind spot with its February crypto-directives”

Cardano has been one of the ecosystem’s most prominent projects of late, with its progress pushing some to draw a comparison with the likes of Ethereum. Right now, it is in the Goguen era, well set to add smart contract functionalities via Alonzo. However, it would seem that Alonzo might have to wait, at leastContinue reading “Cardano: ‘We can begin the countdown’ to Alonzo HFC event when…”