Looks like private cryptocurrencies are unable to ensure the English regulators of their benefits over their potential risks. In a recent BBC programme, Jon Cunliffe, Deputy Governor of Financial Stability, raised more concerns around crypto. The member of the Bank of England’s rate-setting committee said, “The point at which [crypto assets] pose a risk isContinue reading “BoE exec flags cryptos and its ‘risks,’ again”

A subcommittee under South Korea’s National Assembly again discussed delaying a crypto-tax on 15 November. After multiple back and forth, the proposal for a 20% tax on crypto-trading gains is set to go live early next year, instead of 2023.  The ministry is facing mounting pressure as local reports claim that “people in their 20sContinue reading “South Korea’s crypto-tax plans in muddy, political waters now”

There are now more and more companies that are offering Bitcoin as an option for digital payments. AMC Entertainment CEO Adam Aron recently revealed in a tweet that Bitcoin will officially be one of the payment methods on the platform. However, not everyone is convinced, with Slow Ventures’ Jill Gunter being one of them. InContinue reading “Is it really ideal to buy ‘popcorn’ with Bitcoin today”

The IOTA network is seeing a lot of activity lately with some major updates on the way. In the November Standardization Update, IOTA also announced the agenda for the upcoming December Quarterly Meeting. In the last Object Management Group (OMG) meeting, the platform noted that it advanced several distributed ledger-related (DLT) initiatives. On 10 November,Continue reading “IOTA will keep busy in last quarter, to focus on DLT standardization”

The Consumer Price Index (CPI) in the U.S. has hit a three-decade high. It is noteworthy that the U.S. Labor Department data pins the non-seasonal figure at 6.2% over the last 12 months. Bitcoin and inflation pairing well Naturally, the significantly higher inflation number than what the market expected turned into positive news for BitcoinContinue reading “As fear of inflation runs high, experts discuss its impact on Bitcoin”

For many people who are invested in IOHK’s Cardano network, it is more than just the function of its price. Earlier this month, Cardano Community reported about having surpassed two million ADA wallets. Focus 2022 IOHK CEO, Charles Hoskinson is also looking optimistic about how the project is coming together. He recently stated, “I’m reallyContinue reading “Hoskinson ‘loves’ the 2022 roadmap for Cardano’s ‘living, growing ecosystem’”

Much-awaited Bitcoin Taproot softfork is set to take off in just a few hours. There is so much excitement around Taproot’s Bitcoin Improvement Proposals (BIP) as it is the biggest upgrade in around four years, since SegWit. But, it is also important to understand that the softfork will not magically improve the network’s capabilities andContinue reading “How far will the much-awaited Taproot upgrade take Bitcoin”

The Monetary Authority of Singapore (MAS) has released a list of 70 platforms that have applied to provide digital asset services in the country. The notable applicants include Singapore arms of Coinbase Global Inc. and Binance Holdings. Top applicants Apart from Binance Asia and Coinbase Singapore, other notable names that have applied for digital paymentContinue reading “Singapore grants Binance, Coinbase this exemption for specified period”

ProShares Bitcoin Strategy ETF was listed with major excitement in the US as the first-ever crypto-ETF on 19 October. After its bumper listing, BITO recently experienced “25% turnover” in one day, as per Bloomberg’s senior analyst Eric Balchunas. Balchunas noted that with trade volumes close to $400 million in one day, BITO entered the “topContinue reading “High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs”

Blockchain.com Co-founder and CEO Peter Smith noted in a recent interview that the consumer-facing crypto-business has grown rapidly this year. Here, it’s worth noting that the U.K-based company had shared figures of $1.5 billion year-to-date (YTD) in revenue just last month. However, despite strong growth and the company’s focus on the consumer side of theContinue reading “Why Robinhood, Blockchain.com ‘can’t just go out and list Shiba Inu tomorrow’”

India’s Parliamentary Standing Committee on Finance has recently listed a notice for crypto players in the country. The agenda on the notice stated, “Hearing of the views of associations, industry experts on the subject of ‘CryptoFinance’: Opportunities and challenges.” The meeting, which is scheduled for 15 November, is likely for inputs from the crypto stakeholdersContinue reading “India’s Parliamentary Committee to meet crypto industry players on November 15”

Coinbase’s Q3 report found that its ‘strong’ performance was backed by customer engagement and ongoing industry momentum. However, it added, ” As our year-to-date results have clearly demonstrated, our business is volatile.” After a stellar performance in Q2, Coinbase had announced crypto-exchange business in Japan, locked horns with the SEC, and listed meme coin SHIB,Continue reading “A strong Q3 for Coinbase, but why aren’t the numbers flying”