Bitcoin surged to a fresh all-time high of $56,425 earlier today and its market cap crossed $1 trillion for the first time in history. Despite the market-leading cryptocurrency’s strong rally, the Federal Reserve Bank of Boston remains unimpressed with the digital asset. Federal Reserve Bank of Boston’s President Eric Rosengren said that he has been personallyContinue reading “Fed’s Eric Rosengren expects Bitcoin to come under pressure”

Thailand will now target cryptocurrency holders as part of its efforts to boost tourism in a post-pandemic economy, according to an article by the Bangkok Post. The report in question claimed that The Tourism Authority of Thailand (TAT) is intending to establish Thailand as the first country to welcome cryptocurrency holders by targeting Japanese touristsContinue reading “Thailand’s tourism sector to target Japanese crypto-holders”

In a development that has taken many in the community by surprise, popular exchange token Binance Coin (BNB) has flipped Tether (USDT) to become the third-largest cryptocurrency on the charts with a market cap of $39 million. In fact, BNB’s price hit a fresh all-time high of $276 earlier today, with the crypto correcting slightlyContinue reading “Binance Coin flips Tether to become third-largest cryptocurrency by market cap”

The SEC has filed an amended complaint against Ripple in its ongoing lawsuit against the blockchain firm. The amended complaint now includes more factual details with respect to the individual defendants in the case, Ripple execs Brad Garlinghouse and Chris Larsen, according to attorney Jeremy Hogan who has been closely following the case’s developments. Interestingly,Continue reading “SEC files amended complaint against Ripple targeting Larsen, Garlinghouse”

According to a recent report by global cybersecurity company Kaspersky, the growth in lucrative profits to be made in the crypto-mining space has contributed to cybercriminals using their computing power to mine cryptocurrencies, instead of initiating DDoS attacks. Interestingly, the number of DDoS attacks in Q4 of 2020 fell by 31% from the previous quarter,Continue reading “How has Bitcoin’s price rally affected crypto-criminals?”

Global payments processing giant Mastercard and digital payments platform Island Pay have launched a CBDC-linked prepaid card in The Bahamas. The prepaid card will be loaded with the country’s central bank digital currency (CBDC) – the Sand Dollar. According to a recent announcement, cardholders will be able to convert Sand Dollars to Bahamian dollars andContinue reading “Mastercard launches CBDC-linked prepaid card in The Bahamas”

Ripple v. the SEC is unlikely to see a jury trial, according to a top crypto-lawyer. Jeremy Hogan, a follower of the SEC’s case against Ripple since the regulator first sent the blockchain firm a legal notice, expressed these views in his latest video update. According to Hogan, while Ripple is entitled to a juryContinue reading “Will Ripple v. SEC be decided by a jury trial?”

Popular DeFi protocol Synthetix might soon re-enable its sKRW Synth that tracks the price of the Korean Won. According to a new proposal called SIP-113, Synthetix will reintroduce the previously deprecated sKRW following the success of cross-asset swaps on Curve and a number of new curve pools being introduced. The proposal also states that theContinue reading “Synthetix might re-enable sKRW Synths on Curve to arbitrage Kimchi premium”

Cardano’s much-anticipated Mary hard fork event finally has a launch date and it’s right around the corner. According to an update from Founder Charles Hoskinson, the Hard Fork Combinator (HFC) event will take place on the 1st of March. Noting that the HFC will likely clear all the quality assurance and developer checks on 24Continue reading “Cardano: Mary hard fork to go live on mainnet on 1 March”

After Tesla’s $1.5 billion Bitcoin purchase, many in the crypto-community expected more Fortune 500 companies to soon follow suit. In fact, a host of names such as Apple, Oracle, and Microsoft were speculated to be next in line. However, technology giant Microsoft is unlikely to invest in Bitcoin any time soon, according to a seniorContinue reading “Microsoft has no plans to invest in Bitcoin, says President Brad Smith”

According to Cardano Founder Charles Hoskinson, Ethereum’s first-mover advantage will not be a threat to Cardano’s dominance as a blockchain. In a recent video on YouTube, the IOHK CEO revealed that he isn’t fazed by Ethereum’s network effects, claiming that in 2020, only 31% of all new dApps deployed were on Ethereum. “It’s not aContinue reading “Ethereum’s first-mover advantage in capturing monopoly ‘means nothing:’ Cardano’s Hoskinson”

Russia’s State Duma Committee has begun preparing new legislation for cryptocurrencies. According to an official announcement made earlier today, the country’s lawmakers noted the introduction of a draft law to tax cryptocurrencies. “The government of the Russian Federation requires legislative certainty in terms of its taxation,” read an official statement on the regulator’s website. TheContinue reading “Russia introduces draft law to tax cryptocurrency as property”