Russian regulators have been making an effort to increase oversight in the crypto-sector. In a new directive, the Bank of Russia has put a ban on mutual funds from investing in digital currencies. A translated document stated, “…a ban is established on the investment of funds of mutual funds, including those intended exclusively for qualifiedContinue reading “Russia restricts mutual funds from investing in crypto, even for qualified investors”

DeFi has been one of the fastest-growing segments in the crypto space this year. The space has also garnered the interest of bad actors, naturally leading to close to 200 DeFi hacks throughout the year. But, some industry advisors are only expecting it to grow bigger in 2022. Just yesterday, crypto trading platform AscendEX (formerlyContinue reading “Risks of DeFi hacks can magnify as we head into 2022, here’s why”

After breaching the $50,000-level, briefly, over the last 24 hours, Bitcoin was hovering near $48,700 at press time. Meanwhile, a majority of the hedge funds (57%) are trading in crypto or choosing the asset class as a fundamental investment strategy. 2021’s PwC study had also noted that 86% of hedge funds, which are currently investingContinue reading “Bitcoin – Identifying the diversification opportunities in this ‘monster’”

The Investigative Committee of Russia might be looking to exert more influence over the crypto sector. In a recent interview, Alexander Bastrykin, Chairman of the Investigative Committee of Russia said that the decentralized nature of the issuance of digital currency does not allow for full state control in the area. However, few cases have beenContinue reading “Russian regulators aim to increase legislation in the crypto sector”

As 2021 comes to a close, certain crypto-themes are expected to gather momentum and steam in 2022. According to Messari’s latest report, in fact, “Crypto, or the recently en vogue ‘Web3’, is an unstoppable force in the long-term.” Metaverse and Web3 Economist Natasha Che agrees, with Che recently opining that “mass adoption of web 3Continue reading “2022 might see DOGE, SHIB fall, but the real winners will be…”

Crypto 1 Acquisition Corp announced the closing of its initial public offering in a release. The company stated that it includes the exercise of the over-allotment option, while the offering was put at $10.00 per unit. It resulted in the sale of an aggregate of 23,000,000 units in gross proceeds of $230,000,000. As per theContinue reading “Crypto 1 Acquisition Corp concludes $230 million Initial Public Offering”

Brazil’s Congress is set to look at several proposals around cryptocurrencies as per local reports. As part of the proposal, the central bank of the country is suggested as the main regulator to oversee the crypto market. However, the Brazilian Securities Commission (CVM) can also overlook certain aspects of the sector. Apart from that, theContinue reading “Brazil Congress considers proposal to exempt tax on renewable mining”

Binance Holdings Ltd. is reportedly in conversation with two parties to set up a cryptocurrency trading exchange in Indonesia. Bloomberg reported citing sources that the venture could include the Hartonos, Indonesia’s richest family that controls PT Bank Central Asia along with interest in sectors like telecom and e-commerce. The other party is a state-owned telecomContinue reading “Can Binance, along with Indonesia’s richest family drive crypto adoption in the country”

India-based crypto platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million. Polygon announced in a post,  “The Mir team is now joining Polygon in order to utilize this groundbreaking technology and build our new project – Polygon Zero, a highly-scalable, Ethereum-compatible ZK Rollup.” The maximum amount committed for this deal stands at $100MContinue reading “India-based Polygon acquires ZK-rollups startup Mir, for $400 million”

2021 did see the crypto demand skyrocket, largely backed by increased institutional interest. Natixis Investment found in its latest survey that 28% of institutions have increased exposure to cryptocurrencies as we move towards 2022. However, according to Bloomberg, the survey also maps the crypto sector as a “top contender” for a “major correction” in 2022,Continue reading “Surmise of outlook 2022 for Bitcoin, crypto sector looks like this”

Blockchain investor Matt Roszak recently stated in an interview that there is still a long way to go in educating members of Congress and agencies on the benefits of crypto. This is on the back of Congress’ recent hearing with top crypto CEOs. That said, Chamber of Digital Commerce Founder Perianne Boring revealed in anotherContinue reading “How Bitcoin can benefit both, Republican and Democratic parties in the U.S.”

India is set to soon introduce its revised crypto bill in the ongoing Winter Session of the Parliament. Meanwhile, there is a lot of chatter as to what that bill will incorporate. As per a local source-based report, the bill might restrict crypto exchange-to-exchange transfers. Therefore, a blanket ban on trade among bourses is whatContinue reading “Report reveals India may restrict exchange-to-exchange transfers, introduce crypto wallet”