Of late, Paraguay seems to be offering Bitcoin miners exactly what they need and thus, it has emerged as the latest country many miners are migrating to. China – Not the powerhouse anymore? China’s wariness towards crypto is an open secret and so is its intention to drive most crypto miners away from the country.Continue reading “What you should know about Paraguay’s push to welcome Bitcoin miners”

“As things stand today, the negatives surrounding crypto far outweigh any benefits,” said the Governor of Ireland’s Central bank, Gabriel Makhlouf. This position was made clear by the Governor while hailing the digital Euro. He noted that it is only a matter of “how and when,” rather than “if.” While the Eurozone is yet toContinue reading “Where does Ireland’s Central Bank Gov. stand on the crypto-regulatory debate”

Prominent cryptocurrency exchange, Binance has announced the discontinuation its futures and derivatives services across Europe. Binance announced this on Twitter through a series of tweets, which noted, “Today we’re announcing that we plan to wind down our derivatives products offerings across the European region, commencing with the Netherlands, Germany, and Italy.” This update comes afterContinue reading “Binance faces more regulatory backlash; Indian authorities reportedly latest to initiate probe”

Cryptocurrencies are over a decade old now. Despite noteworthy growth, however, the lack of regulations has been detrimental to the space. In fact, across several nations, the first reaction from most regulators has been panic. The war between regulators and crypto  Regulators around the world were quick to pay attention to the crypto-market’s rally afterContinue reading “Ethereum’s co-founder has this to say about regulators playing catch-up with Musk, Dorsey”

Popular Indian cryptocurrency exchange, CoinDCX, is looking to close a new financing round of $100-$120 million from investors. This round will reportedly be led by Facebook co-founder Eduardo Saverin’s B Capital Group. According to reports, its existing investors, Polychain Capital and Coinbase Ventures, will also be participating in the round. This will push its valuationContinue reading “India’s CoinDCX, WazirX take major steps despite lack of regulatory clarity”

Institutions are lining up products to meet the demands of their crypto-clients. In fact, the latest additions to this space are two companies that have now filed to launch mutual funds that invest in Bitcoin futures. Almost an ETF? According to the Securities and Exchange Commission [SEC], Tuesday saw ProFunds, a Maryland-based asset manager, launchingContinue reading “Bitcoin Futures mutual funds are a go, but why not an ETF”

Binance announced launching a Tax reporting tool API. This new API tool will allow Binance users to track their crypto activities to ensure they are fulfilling the reporting requirements laid out by the regulators. This tool will be made available on the Binance website and application. CEO of Binance, Changpeng Zhao (CZ) had recently conducted aContinue reading “This is one way Binance was ‘ready to assist regulators from around the world’”

India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of Bihar about data concerning crypto exchanges and their investors in the country. Sitharaman noted that the current administration did not collect anyContinue reading “Indian crypto investors may not be charged this tax”

Ripple might be stuck in a legal battle with the United States Securities and Exchange Commission [SEC], but that doesn’t mean progress is slowing down. The firm announced the launch of RippleNet’s first live On-Demand Liquidity [ODL] service implementation in Japan, in collaboration with SBI Remit Co., Ltd. and Coin.ph. The largest money transfer providerContinue reading “Ripple launches ODL in Japan despite low liquidity”

The developers of privacy-centric cryptocurrency, Monero have identified a “rather significant” bug in the algorithm that could allow for transaction destinations to be identified. According to a Twitter thread by the developers: “If users spend funds immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds),Continue reading “What you need to know about Monero’s decoy selection bug”

The stringent crackdown on cryptocurrency businesses and mining in China has led the prominent cryptocurrency exchange, Huobi to shut down its subsidiary functioning in the country. According to the publicly available records, Huobi submitted a ‘Resolution to dissolve’ Beijing Huobi Tianxia Network Technology Co., Ltd. The notice read: “On July 22, 2021, Beijing Huobi TianxiaContinue reading “Why did Huobi file ‘resolution to dissolve’ its entity in China”

While one part of the world was trying to tackle the concerns that comes with cryptocurrencies, other nations were trying to boost the financial capabilities of their citizens through crypto. Joining this list of nations was Kazakhstan, which was allowing crypto users to open bank accounts. The Kazakh Association of Blockchain and Data Center IndustryContinue reading “Kazakhstan embraces crypto and mining by doing this”