Ethereum’s network is ready for its next upgrade, one which is scheduled at block number 13,773,000. Developers and investors are keeping a close eye on the network in light of the fact that POS Merge on the mainnet is fast approaching. Tim Beiko, chair of all core devs at the Ethereum Foundation, stated that theContinue reading “Ethereum: Arrow Glacier inked for December as Difficulty Bomb is pushed again”

Australia’s implicit interest in the first crypto ETF was a great piece of news for the crypto market. Especially, when the U.S. has taken a conservative approach on approval of physically-backed funds or spot ETF. But, there’s more positive to that according to an ETF expert. Sui Chung, CEO of CF Benchmarks recently told InsiderContinue reading “Australian analyst sees huge inflows into crypto ETFs going forward”

The crypto-market’s cumulative market capitalization surged past $3 trillion recently. Understandably, many countries have been taking cryptos seriously, with Austria being one of them. The country has now announced major tax changes, according to a report by Bloomberg. Under the new rules, Austria is set to treat cryptocurrencies just like stocks and bonds. While thisContinue reading “Austria to ‘reduce mistrust, prejudice’ in crypto by treating it like stocks”

Changpeng Zhao, Binance chief executive officer, discussed regulations and crypto ETF in a recent interview with Bloomberg. According to him, “Most institutions or organizations should be looking at crypto at this stage.” Institutions get serious Let’s recall that just last month, Jamie Dimon, JP Morgan Chase chairman, and CEO, had called Bitcoin “worthless”. But, inflowsContinue reading “Binance CEO Changpeng Zhao discusses future of crypto, global adoption, regulations”

The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted, “One of the key issues is taxation. If there is gain or income from crypto, it should be taxed per capital gains rules. Similarly, if there is serviceContinue reading “India: both Income tax and GST may apply to crypto”

Cryptocurrency exchange BitMart is reportedly gearing up to raise about $20 million at a valuation of $300 million. As per the report, Alexander Capital Ventures, may lead its Series B round. The Cayman Islands-based crypto platform is one of the top exchanges globally, as reflected in its pre-funding valuation. It has offices located in placesContinue reading “Crypto exchange BitMart gears up to raise $20 million in series B funding round”

Bank of England Governor Andrew Bailey is in the news today after he raised concerns about crypto-assets potentially helping illegal activity. According to reports, he claimed that its widespread acceptance as a “form of payment” is also helping criminals and scammers. Speaking at an event, he said,   “I’m afraid that the advent of digital means ofContinue reading “Bank of England’s Governor takes issue with cryptos’ use for ‘illegal activity’”

Businesses in China have been losing revenue since the country’s policy decision to ban Bitcoin and other related operations. According to the latest reports, Huobi Global, one of the largest exchanges in China, has lost around 30% of its revenue. Meanwhile, other platforms and miners have found new homes across the globe. Meanwhile, the crackdownContinue reading “New theory suggests China’s ban on Bitcoin was motivated by something else”

A recent survey had found that 96% of respondents in the U.S. failed the crypto literacy assessment. Therefore, due to the knowledge gap, cryptos might be ‘failing its mission of financial inclusion,’ as per the research. Having said that, New York Mayor-elect Eric Adams has recently stated that schools should teach cryptocurrency and its technologyContinue reading “New York Mayor-elect Eric Adams to make NYC the “center of crypto-innovation””

The crypto market surpassed the combined market cap of $3 trillion for the first time on 8 November, 2021. It is considered the fastest market to reach such high levels of valuations in such a short time despite the fact that it was quite a bumpy ride. Blockdata co-founder Jonathan Knegtel, in a recent interview,Continue reading “Is rate of crypto-innovation the biggest challenge in itself?”

According to a press release dates 8 November, 2021, Huobi Group has announced that it is moving its spot trading business from Seychelles to Gibraltar. The company stated that the migration has commenced after approval from Gibraltar Financial Services Commission (GFSC). Moving forward, spot trading will take place through the local entity, Huobi Gibraltar, whichContinue reading “Amid global expansion, Huobi Group moves crypto spot trading from Seychelles to Gibraltar”

In a recent interview with Bloomberg, U.S. Securities and Exchange Commissioner Hester Peirce discussed the heated regulatory environment in the country. Peirce, who is affectionately referred to as “Crypto Mom,” said that the crypto market is in its early stages, “I think my child is still an infant.” However, she argued that she’s “much moreContinue reading “Who is responsible for regulating America’s ‘infant’ crypto industry”