In a report released today, India’s central bank has laid down the benefits of a central bank digital currency (CBDC) and its possible future in India. It noted, “In its basic form, a central bank digital currency (CBDC), provides a safe, robust, and convenient alternative to physical cash. Depending on various design choices, it canContinue reading “India: Central bank supports CBDC ‘in its basic form,’ as alternative to cash”

Cardano [ADA], after having returned close to 850% over the past year, has been experiencing sluggish price action for quite some time now. However, the crypto did manage an 18% ROI over the last week, as per data gathered by CoinGecko. Founder Charles Hoskinson is all buckled up for the new year, with the project’sContinue reading “‘A very busy time’ means this for Cardano over the next 90 days”

Investors are choosing various routes to gain exposure to metaverse, including purchasing metaverse tokens, NFTs, and virtual lands along with metaverse-backed stocks. As industry experts call the metaverse a ‘trillion-dollar’ opportunity, Yat Siu, founder, and chairman of gaming platform Animoca Brands recently spoke about the sector’s adoption in an interview. In the context of anContinue reading “Why metaverse will not be ‘winner takes all,’ and importance of ‘true digital ownership’”

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by volume, has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider. As per the statement from the company, the exchange had applied for a license as part of its larger plans to become a fully-regulated centralized cryptocurrency exchange. GoodContinue reading “Bahrain gives Binance the green light to establish itself as crypto-asset provider”

Binance has registered its domestic entity in Canada for dealing in virtual currencies. According to a tweet shared by CEO Changpeng Zhao earlier today, the same has received approval from the authorities as well. https://twitter.com/cz_binance/status/1475321567026741248 As per the company’s filings on 24 December, Binance Canada Capital Markets will be a Money Service Business (MSB) andContinue reading “Binance obtains license to offer crypto-services in Canada”

Myanmar’s self-declared parallel government reportedly recognized Tether (USDT) as an official currency, a while back. The aim of the move was to ease payments and fundraising by the said National Unity Government, after the military government took over. In a recent interview, Jason Lowery, Air Force veteran and National Defense Fellow spoke about Bitcoin andContinue reading “Can this unique use case see Bitcoin solve ‘fighting wars over money’”

2021 was a stellar year for cryptocurrencies and DeFi, globally. It is noteworthy that the digital asset class surpassed a cumulative market cap of $3 trillion for the first time during the year. And, BTC also clocked in some record gains in October after touching a new ATH. That being said, we know crypto adoptionContinue reading “Report reveals Bitcoin is crypto’s poster child on social media this year”

Local media reports noted that Blockchain and Crypto Assets Council (BACC) in India will include crypto ads as part of its “standardized self-regulation.” The development follows deferral of the anticipated crypto bill from the recently concluded Parliamentary Winter Session. Crypto platforms in India have been dealing with uncertainty for quite some time, and the industryContinue reading “Crypto ads in India to be self-regulated for now; guidelines to be out soon”

Often considered the king coin of the crypto market, Bitcoin was trading at $48,611 at the time of writing. With that, BTC is down almost 1% in the last one day and slipped by 3.7% over the last two weeks on CoinGecko. Ahead of 2022 That being said, Argo CEO Peter Wall recently told CNBCContinue reading “Why this exec expects Bitcoin mining to be ‘less profitable’ in 2022 than in 2021”

Alex Tapscott of Ninepoint Partners recently estimated that DeFi valuation could skyrocket next year in an interview. He said, “That value today is, depending on who you ask, US$100 to US$200 billion. I think the higher number is more accurate.” 2021 was high on DeFi He also added that “that’s a pretty conservative estimate.” Now,Continue reading “Why DeFi’s trillion-dollar valuation projections may be more than just that”

The Winter Session of the Indian Parliament that kickstarted on November 29, concluded on December 23. However, the much-awaited crypto bill didn’t make it to the house, for the second time. Crypto platforms in India have been dealing with uncertainty for quite some time. And this is not the first time when the community wasContinue reading “India: no sign of much-anticipated crypto bill, as winter session concludes”

Steven Cooper, the owner of the label Bigger Entertainment, tweeted earlier today that a live burn party will take place on 26 December. It is where the record label plans to burn 176 million SHIB tokens to save gas fees on bulk burning. Meanwhile, Cooper noted on Etherscan that another two million SHIB tokens haveContinue reading “A ‘burn’ after-party: Bigger Entertainment to burn 176 million SHIB post Christmas”