IOTA co-founder Dominik Schiener recently stated, “nothing can compare to Ethereum today,” while responding to Ethereum’s Eric Conner who called the platform a “cultural movement.” Schiener said, “Only communities with shared purpose & values will succeed in crypto. It’s not just about making apes rich. We want change.” Notably, his statement came soon after IOTAContinue reading “IOTA co-founder praises Ethereum, says communities with shared purpose will succeed”

Looks like the Securities and Exchange Board of India (SEBI) will oversee the country’s crypto market, as per reports. There will be no ban on investors having exposure to private cryptos in India, a source-based report confirmed. These reports came in soon after an ORF report stated that a ban would be “technically impractical.” It alsoContinue reading “Securities regulator SEBI to oversee India’s crypto market, report reveals”

There is enough conversation about Bitcoin being in a “supercycle” doing the rounds in crypto circles. Therefore, despite the recent steep correction, analysts see those gaps closing by year-end. So much so that the anticipation goes beyond the $100k mark that was pegged earlier. However, Into The Cryptoverse CEO Benjamin Cowen, in a recent interviewContinue reading “What will happen if Bitcoin goes to $150k in the near future”

Many industry voices believe that Web3 is set to change the face of the internet as we know it. And so, funds are constantly flowing into the space. Recently, South Korea-based Hashed raised $200 million to support Web3 investments. In the context of Web3, entrepreneur and crypto commentator Balaji Srinivasan also shared his thoughts. OnContinue reading “Attention aplenty for Web 3.0, Metaverse though industry leaders not unanimous”

Decentralized chains predominantly need two things – Security and scalability. Those are requirements that are almost industry clichés now. But, they are also aspects that have accelerated growth in the crypto-ecosystem after the birth of the first-born cryptocurrency – Bitcoin. Owing to limitations like congestion on Layer 1 chains, Layers 2 and 3 functionalities quicklyContinue reading “Assessing how different layers are competing AND complementing Bitcoin, Ethereum”

Badger DAO, a Bitcoin-focused DeFi platform, has been allegedly exploited. The platform tweeted earlier today that it received reports of “unauthorized withdrawals of user funds.” It stated, “Our investigation is ongoing and we will release further information as soon as possible.” Meanwhile, Badger confirmed that the engineers have halted all smart contracts to prevent furtherContinue reading “Badger DAO suffers DeFi exploit, receives reports of ‘unauthorized withdrawals of user funds’”

India‘s crypto-sector has come under a lot of regulatory scrutiny recently. In a much-needed move, the watchdogs are now targetting indirect crypto-schemes. According to local reports, India is set to flag several crypto-investment funds launched by individuals and cryptocurrency exchanges. This will include chit funds, multi-level marketing (MLM) schemes, and systematic investment plans (SIP) inContinue reading “India: Govt. to target chit funds, MLM-like crypto-investment schemes”

In a recent announcement by the SEC, the regulator had noted that it has filed 434 enforcement actions in FY21, in the areas of crypto, DeFi, and dark web. While regulatory actions have grown stringent globally, India recently refuted rumors of a private crypto ban. In a recent interview, Crypto Connect founder and lawyer Hailey LennonContinue reading “The problem with the way regulators interpret financial privacy”

DEX aggregator 1inch Network closed a $175 million Series B round of funding, as per reports. With that, the liquidity sourcing business is now valued at a massive $2.25 billion. Hong Kong-based Amber Group reportedly led the round, along with 50 more participants including the likes of VanEck and Celsius. The DeFi industry with aContinue reading “DEX aggregator 1inch closes $175 million funding round, wants to ‘open doors to DeFi’”

India is the second biggest crypto market in terms of global adoption, with an estimated investment of INR 6.6 billion in the asset class. Unsurprisingly, reports of a likely private crypto ban caused market mayhem in the country last week. However, Subhash Garg, the former finance secretary who drafted the Crypto Bill, called the bill’s descriptionContinue reading “Report recommends regulating not banning ‘flourishing’ crypto industry in India”

In a letter dated 29 November, Grayscale Investments has questioned the Securities and Exchange Commission’s (SEC) decision to block Bitcoin Spot ETFs. The asset manager argued that the commission has “no basis” to allow investing in the derivatives market and not “in the asset itself.” The SEC has made a series of rejections lately thatContinue reading “SEC has ‘no basis’ to reject Bitcoin Spot ETF: Grayscale Investments”

Ethereum has been at the forefront of the boom in the DeFi sector. However, the Bitcoin community believes that with innovation unlocking on the blockchain, it is turning out to be a competitor to existing players. ShapeShift’s Erik Voorhees recently replied to tweets by these Bitcoin supporters who argued in favor of its dominance inContinue reading “‘Expressiveness of Ethereum, attack surface of Bitcoin,’ does Cardano have it all”