Earlier in May, Indonesia’s central bank had announced plans to launch a digital currency. Now, the central bank is pushing for a digital form of the rupiah to ‘fight’ private cryptocurrencies, reported Bloomberg. CBDCs vs private cr yptos Juda Agung, assistant governor at the central bank, noted in the Indonesian Parliament, “A CBDC would beContinue reading “Indonesia keen on CBDC, sees it as ‘tool’ to ‘fight’ crypto”

The second day of the winter session of the Indian Parliament kickstarted on 30 November, but the crypto-bill is not up for discussion yet. However, Finance Minister Nirmala Sitharaman told the Rajya Sabha that a new, reworked crypto-bill, will be “soon introduced in the Parliament after Cabinet approval.” Regulations underway FM Sitharaman also reiterated thatContinue reading “India: New crypto-bill to be tabled after Cabinet approval, says Finance Minister”

“If I were not at Square or Twitter, I’d be working on Bitcoin” Jack Dorsey made the aforementioned statement at a conference, proclaiming his love for working on Bitcoin. As expected, when he announced his decision to step down as Twitter CEO, crypto-enthusiasts around the world were excited. But, what next for the former exec?Continue reading “Here’s why Jack Dorsey’s exit from Twitter as CEO is bullish for Bitcoin”

Bitcoin has been seeing a price downtrend since it touched a record peak of $69,000 earlier this month. However, BTC rose over $57,000 after a sluggish week, recording around 5% gains in the last 24 hours. COVID and BTC It is noteworthy, that Bitcoin didn’t support the broader market weakness as sentiments dampened amid newsContinue reading “Here’s how the new Covid variant is turning Bitcoin into a traditional asset”

The winter session of the Indian Parliament commenced today and as expected, cryptocurrencies are also on the agenda. Out of the 26 draft legislations to be tabled, the crypto-bill is one of them, with the contents of the same fueling a lot of FUD recently. Now, the country’s Finance Minister has claimed that there isContinue reading “Breaking | India: ‘No proposal to recognize Bitcoin as a currency,’ says FM”

Several independent bodies, including IndiaTech, have made suggestions for the upcoming crypto bill to be introduced in the Indian Parliament. As the Winter Session commenced today, IndiaTech said that the draft might seek to curtail foreign currency exposure. A local newspaper reported that this might limit what an Indian investor can buy annually in cryptoContinue reading “India: What the crypto-bill might mean for investors’ annual buying quota”

MyTona has become the first company in Russia to announce its plans in the Metaverse sector. The Yakutsk-based game developer said in a release that the “Mytonaverse” metaverse will go live in mid-December.  The release stated, “The app brings communications closer to real-life interactions: in the current version users can hold virtual meetings, travel toContinue reading “MyTona is first Russian company to dive into the Metaverse”

Play-to-earn gaming platform Axie Infinity recently posted on Twitter that “A Genesis Land Plot just sold for 550 ETH.” Amounting to $2.3 million, it is the “largest sum ever paid for a single plot of digital land,” as per the post. Axie noted, “Our player-owned Digital nation continues to shock the world.” According to the website,Continue reading “Metaverse in the spotlight, as digital land plot sells for $2.3 million on Axie Infinity”

South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services. Soon after, local reports claimed that the exchange’s largest shareholder is eyeing a controlling stake. Not to forget, Bithumb is part of the “big four” crypto operators, only second to the biggest exchange Upbit. However, things have changed since it received aContinue reading “Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb”

The crypto market has been looking very uninspiring lately. No thanks to India’s upcoming policy decision that seems to have added to the market’s derailment. With Bitcoin hovering near the $56,000 levels, there is fear on the Bitcoin Fear and Greed index. Meanwhile, crypto analyst TechDev pointed to a “mid-cycle” bounce-off by drawing similarities fromContinue reading “Previous bull market cycles indicate this about Bitcoin prices”

“Policy sprints” Three major US agencies–Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency– released a joint statement recently. It listed crypto activities that will be considered permissible for the banking organizations. The US regulatory framework in the crypto front has long been fragmented. It was the very reason whyContinue reading “U.S. regulatory agencies release joint report on ‘potential crypto-asset activities’ of banking organizations”

Ripple CEO Brad Garlinghouse recently spoke about a “general trend of crypto regulations moving in the positive direction.” In a recent interview with CNBC, he stated that Ripple vs SEC lawsuit is making “good progress,” adding, “We’re seeing pretty good progress despite a slow-moving judicial process.” Great to catch up with you @dan_murphy at #FTAD!Continue reading “Ripple CEO, Garlinghouse discusses why he is optimistic about XRP lawsuit outcome”