Britain’s Financial Conduct Authority Chief Executive, Nikhil Rathi recently raised caution in the crypto sector. The regulatory body has maintained the stance that crypto-related losses should not be eligible for compensation schemes on the back of illicit activities in the space. Some time back, FCA had also released a ‘Discussion Paper’ that discussed that cryptoContinue reading “UK FCA CEO says ‘anything crypto-related should not be entitled to compensation’”

Bitcoin is back up above the $50,000 level after a recent slump over the weekend. Could the steep correction be a possible roadblock in its $100k year-end price prediction? Current cycle peak Ballet Crypto CEO Bobby Lee recently told Bloomberg that the market is still in a bull cycle, adding, “We’re still in it andContinue reading “Can analysts maintain ‘$100,000 in 2021’ prediction for Bitcoin, after weekend slump”

Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin. Mangudya said, “Very simple, as a central bank, we don’t believe in cryptocurrencies.” e-Zimbabwe dollar in works  This is a position that ZimbabweContinue reading “‘We are definitely almost there,’ Zimbabwe’s central bank governor on CBDC”

With a major Arrow Glacier upgrade expected in about three days, ETH 2.0 is closer than ever. At the time of writing, ETH 2.0 deposit contracts topped the staked value of 8,525,844 Ether. Meanwhile, co-founder Vitalik Buterin believed that “Ethereum is very well-positioned to adjust to this future world, despite inherent uncertainty.” Buterin shared aContinue reading “Vitalik Buterin discusses ‘endgame’ for ETH 2.0, an Ethereum ‘open to all futures’”

The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced today in a release that it made its first investment into Coinhako, a Singapore-based cryptocurrency exchange. While the statement did not disclose the funding value, it specified that proceeds will be used to expand Coinhako geographically in Southeast Asia. Also, the exchange will work on growing verticalsContinue reading “SBI-Sygnum-Azimut DAO fund invests in Singapore crypto exchange, Coinhako”

With Bitcoin hovering around the $50,000 level at press time, extreme fear was palpable across the market. But, that’s not what the Bitcoin community is concerned about in the long run. In a recent interview, Whit Gibbs, Founder & CEO of Compass Mining, explained why BTC’s hashrate is an important factor to consider. He said,Continue reading “Bitcoin mining is lucrative, but ‘dangerous to be confined to one country’”

Self-proclaimed Satoshi Nakamoto, Craig Wright, just won a major lawsuit where the Miami jury ruled in his favor. He was pitted against the family of his ‘former business partner’ with 1.1 million Bitcoin worth around $54 billion at stake. This was the amount of Bitcoin mined and held by Satoshi, the value of which hasContinue reading “Craig Wright ‘wins’ multi-billion dollar Bitcoin lawsuit on all grounds except one”

The crypto market saw somewhat of a blood bath over the weekend, on the back of a 22% Bitcoin plunge. While some recovery is on the way, advisors have been keeping large-cap Bitcoin constant in their portfolios. In a recent interview, Ted Oakley, founder and Managing Partner of Oxbow Advisors, took a similar position. HeContinue reading “Advisors keep Bitcoin in their portfolio despite steep corrections”

The Monetary Authority of Singapore has suspended operations of crypto-exchange Bitget in the country, according to a report by FT. The development follows a dispute between the K-pop band BTS and the exchange after the latter reportedly used the group’s photo to promote “Army coin.” The BTS fandom is often referred to as ARMY byContinue reading “Singapore’s MAS flags Bitget following dispute with K-pop band BTS”

China has become the frontrunner when it comes to the global CBDC race. China’s e-CNY is expected to witness a full-fledged launch by February 2022. However, so far, it has already conducted several large-scale trials in its advanced pilot stage. Earlier reports also suggested that PBoC might set up a digital exchange in Beijing. TheContinue reading “Is China e-CNY CBDC effectively competing with WeChat Pay and AliPay”

Despite regulatory uncertainty, it is no news that crypto interest has grown manifold this year. In a recent interview with Coin Stories, Celsius CEO Alex Mashinsky discussed Bitcoin and the regulatory attitude towards the sector. Mashinsky, who is a self-proclaimed Bitcoin maximalist, stated, “We just crossed $3 trillion worth of market capitalization for cryptocurrencies, halfContinue reading “Celsius CEO not worried about Bitcoin, Ethereum being deemed securities”

Ark Invest founder and CEO Cathie Wood opined in a recent interview with CNBC that the metaverse will be a “multitrillion-dollar opportunity.” In this context, she further stated, “It’s a big idea that will probably infiltrate — just like technology is, anyway — every sector in ways that we cannot even imagine right now.” WeContinue reading “Ark Invest’s Cathie Wood calls metaverse a ‘big idea that will infiltrate every sector’”