Accounting organization, KPMG, released a report that commented on the current state of the cryptocurrency market. The report stated that crypto projects will continue to stay low for the rest of 2022. The reason being the Terra debacle and the Russia-Ukraine impact. The report titled “Pulse of Fintech H1’22” stated that investors only put inContinue reading “Want to know the future of crypto market in 2022? Read this report”

Open-source liquidity protocol, Aave [AAVE] resolved to stop loaning Ethereum [ETH] ahead of the fast-approaching Merge. A vote was held between 30 August and 2 September for the same. A large number of the community supported the suspension. On 23 August, Block Analitica, a Defi research, and analysis company led the Aave community in proposing theContinue reading “Will Aave’s resolve to halt Ethereum loans be a successful rescue mission”

Brazil’s Comissão de Valores Mobiliários (CVM) or Securities and Exchange Commission (SEC) has barred crypto exchange Bybit from brokering securities. Brazil’s SEC also published a declaratory act for the same.  The act noted that the Singapore-based crypto exchange had been barred from offering securities to Brazilian citizens. Additionally, Bybit has also been suspended from theContinue reading “Brazil bars this crypto exchange from brokering securities”

Cardano [ADA] has been on the radar of the crypto community lately. While the much-anticipated Vasil upgrade has been something to look forward to, other developments have followed. First, it was ADA flipping Ripple [XRP] to become the seventh most valued cryptocurrency in market capitalization. Now, it has extended to good news for the CardanoContinue reading “Cardano [ADA] investors should closely monitor this new development”

The world of cryptocurrencies has garnered much attention thanks to the number of scams associated with the industry. Well, on 6 September, another scam was added to the list. The Thane Police’s Economic Offences Wing (EOW), Maharashtra, India arrested two people on accusations of conducting a crypto scam. The detained parties defrauded at least 1,400Continue reading “India: Latest crypto scam might scare you of investing in new tokens”

The last few weeks have not only been a tough time for the crypto market, but also for the NFT market as a whole. With sales and floor prices plummeting to new lows, some of the best-performing NFT groups were at their lowest. A sad sob story here? In a strange turn of events, thatContinue reading “NFT market has a savior, and no it’s not ‘Apes’ or ‘Birds’ this time”

After over 9,400 sales on OpenSea in the last seven days, Ethereum Name Service [ENS] domains grabbed the top NFT spot. According to the data shown on the NFT marketplace, ENS domains have had a 202% increase in trading volume over the last 24 hours. In the past week, it’s a cumulative 52% uptick worthContinue reading “Ethereum Name Service’s spectacular performance sends BAYC packing”

The Australian Federal Police (AFP) formed a new cryptocurrency unit to focus on crypto-related transactions, reported The Australian Financial Review. The step is in line with the policy of Australian law enforcement to monitor crypto-related transactions closely. Stefan Jerga, the national manager of the AFP’s Criminal Assets Confiscation Taskforce (CACT), commented on the matter atContinue reading “How Australian police is combating criminals through cryptocurrency”

The meme coin Shiba Inu has seen a sudden spike in its prices. Well, with the announcement of the new metaverse update and an increased interest from whales, does the future look bright for Shiba Inu? Over the past seven days, Shiba Inu’s token has seen a 7% spike in its prices. Despite the bearContinue reading “Shiba Inu [SHIB] talks and these stats might hit differently”

Chainlink’s 7-day performance was commendable as it considerably outperformed most of the cryptos with higher market capitalization. The token registered more than 13% weekly gains with no red on its chart. At press time, LINK was trading at $7.18 with a market cap of $3,529,540,526. While LINK continued to grow on its chart, several developmentsContinue reading “What Chainlink [LINK] traders should know before cutting losses”

Russian news agency TASS has reported that Aleksey Moiseev, the Deputy Minister of Finance, said in an interview that the Ministry of Finance and the Bank of Russia have agreed that in current conditions, “it is impossible to do without cross-border settlements in cryptocurrency.” In the near future, it may even be necessary to legalizeContinue reading “Russia to consider possible legalization of cryptos for cross-border payments”

The first case of terror-themed Non-fungible token (NFT) has surfaced, according to a Wall Street Journal report, with the same underlining the discovery of an NFT commending islamist militants for last month’s attack on an Afghan mosque. The NFT named ‘IS-NEWS #01’ features the emblem of the Islamic State. It was taken down from popular NFTContinue reading “Islamic State now experimenting with NFTs for financing, propaganda”