Australia is escalating its efforts to trigger institutional crypto investment in the country with Rest Super becoming the first superannuation fund to invest in cryptocurrencies. It has $46.8 billion worth of assets under management and a client base of nearly 1.8 million members. Like 401k, Superannuation is a necessity and compulsory for all employees inContinue reading “Australia: Rest Super may become first pension fund to invest in crypto”

India is in the middle of a crypto-revolution. And, it would seem that the regulatory climate is gaining steam too, with the much-speculated crypto-bill scheduled to make its first appearance in the winter session of the parliament. According to tweets shared by the PRS Legislative, 26 new bills will be introduced beginning on 29 November.Continue reading “India: Crypto-bill FUD notwithstanding, here’s how the market is holding up”

Nigeria and its central bank have been making strides in terms of increasing utility of its national digital currency. The Central Bank of Nigeria [CBN] wants to make the e-Naira interoperable with other central bank digital currencies [CBDCs]. Interoperability has become an important part of the cryptocurrency world, while adding to the utility. With multipleContinue reading “‘Full implementation’ of Nigeria’s eNaira to occur in four phases, includes interoperability”

Many countries have been changing their perspective with regards to cryptocurrencies, of late. In that context, India, recently, softened its approach to digital assets. However, Nigeria, having the highest grassroots crypto adoption has raised the fences. Well, the Central Bank of Nigeria clearly stated that the country was not endorsing cryptocurrencies. In fact, the Governor,Continue reading “Nigeria: CBN Governor alleges ‘high-level illegality’ in crypto-firms”

A lot of people don’t understand Dogecoin. Fortunately, not everyone has to “get” specific cryptos for them to have value in the market. A handful of people who are ready to trade using the digital asset is all it takes for legitimacy. Changpeng Zhao, Chief Executive Officer of Binance, is among the group of peopleContinue reading “Few reasons why Binance’s CZ does not have to ‘get’ Dogecoin”

India’s crypto scene has been catching momentum, of late. This has followed after the government offered some clarity on its stance. The crucial meeting on 15 November yielded a positive result for crypto enthusiasts in India. Consequently, the talks of crypto regulation aired, and the fear of a blanket ban on crypto was ruled out.Continue reading “India might permit crypto as assets, zero out the currency factor”

While the market has been gaining momentum, the United States Securities and Exchange Commission is lining up several cryptocurrency-associated businesses. In this latest update, the regulatory body issued another subpoena to a crypto mining company, Marathon Digital Holdings Inc. This resulted in its shares tumbling by 27%, as per reports. The subpoena was in relationContinue reading “How crypto businesses are reacting to SEC’s ‘subpoenas’”

Michael Novogratz’s Galaxy Digital Holdings Ltd is scheduled to go public in the first quarter of 2022, instead of late 2021. This information was revealed by the CEO and founder Novogratz, but the United States’ Securities and Exchange Commission [SEC] is yet to sign off on any listing on an American exchange. “We look forwardContinue reading “Novogratz’s Galaxy Digital postpones plans for U.S. stock listing, to early 2022”

Nigeria has been taking extreme steps to thwart crypto-transactions in the country, of late. Consequently, the result of these measures has been falling Bitcoin peer-to-peer [P2P] trading volume. As per data provided by UsefulTulips, the country’s P2P transactions have dropped by 43%. It may continue to spiral down as the Central Bank of Nigeria [CBN]Continue reading “Nigeria: A 43% drop in Bitcoin P2P trading volumes thanks to…”

Apart from regulating the cryptocurrencies, the other part of this industry, stablecoins were also gaining the limelight. However, the cautionary warning tag has been passed on from crypto to stablecoins too. It is no secret that along with the growing reach of cryptocurrencies, stablecoins like have also reported exponential growth. They have ballooned 500% andContinue reading “USDC and other stablecoins are going to balloon up in 2022”

The world of cryptocurrencies is expanding as more countries get familiar with its potential. Pakistan has also has turned into a supporter of the technology and the authorities have been facing increasing pressure to regulate crypto. As the country was formulating an action plan, its leading bank Alfalah has entered into a strategic partnership withContinue reading “Pakistan’s Alfalah & UAE’s Lulu Exchange partner to ease remittance through RippleNet”

The situation is heating up in India, with national parties and leaders putting a glaring spotlight on Bitcoin. Is this crypto politics? After Opposition leader Rahul Gandhi accused the ruling party of covering up a big “Bitcoin Scam” on Saturday, the accused fired back. However, this tweet from Gandhi did what years of discussions betweenContinue reading “India’s crypto-dilemma finally brings PM Modi to the table”