CoinShares Group announced the third-quarter interim results for 2021. And for the first time, the company claimed to have achieved such a strong Q3. According to the company statement, the financial highlights for the period ended 30 September, 2021 included the total comprehensive income of £84.9 million. This is a huge surge when compared toContinue reading “CoinShares reports stellar Q3 on the back of larger crypto market strength”

Doge creator Billy Markus recently stated that “hype doesn’t last,” but projects need “lasting value” to survive. In context to the ‘pump-and-dump’ ecosystem in crypto, he explained to his Twitter audience, “…if gamestop, with all the hype, continued down the same path that got it on the brink of death, what did the hype reallyContinue reading “What’s the ‘hype’ all about – Shiba Inu vs. Dogecoin continues”

Check Point Research (CPR) has noted several crypto scams in the last few days where wallet users have lost thousands of dollars. The report comes days after a recent token scam on the Squid Game play-to-earn platform. This new method of scam is noteworthy as it doesn’t rely on email links to wallet owners orContinue reading “After Squid Game rug-off, report reveals Google Ads phishing, other scam warnings”

In a recent report, JMP Securities claimed that the crypto-economy could represent the “greatest innovation of our lifetime.” In fact, analysts Devin Ryan and Brian McKenna also predicted, “We see crypto and blockchain technology playing a fundamental role in this economic system, which we think could go well beyond money and transactions and instead mirrorContinue reading “Here’s how today’s millennials are seeing Bitcoin and cryptos”

In the last six months, meme coins were seemingly the most sought-after cryptocurrencies in India, as per a local report. According to which, Dogecoin and rival Shiba Inu had a lion’s share in the country’s trading volume. Since the market’s favorite puppers have registered a massive surge in the past few weeks, their trading volumeContinue reading “Indian exchanges pin DOGE, SHIB as market’s favorite puppers”

In a “first-of-its-kind verdict,” a Connecticut jury found that multiple digital-asset products linked to a cryptocurrency mining operation cannot be considered as “securities.” This verdict has come at a crucial juncture. The U.S. is already in the middle of a debate pertaining to the stretched out Ripple vs SEC lawsuit.  The jury found that digitalContinue reading “Connecticut jury decides mining related crypto-products do not count as securities”

Many analysts have predicted that Bitcoin is set to hit $100k either by year-end or early next year. British bank Standard Chartered had also stated earlier that Bitcoin could surge to $100,000 in 2022, and could be worth more than $175,000 in the longer term. Further, CoinList CEO Graham Jenkin made the same bullish prediction aboutContinue reading “$73,000 is a ‘reasonable’ price target for Bitcoin, say JP Morgan strategists”

Australia’s Commonwealth Bank (CBA) is set to become the country’s first banking institution to allow its customers to buy, sell, and hold crypto-assets. On 3 November, the CBA announced strategic partnerships with global crypto-exchange Gemini and blockchain analysis firm Chainalysis. Here, it is noteworthy that the CBA is Australia’s largest bank and no other bankContinue reading “Australia’s CBA first to offer retail crypto-services in the country”

Just yesterday, Huobi Global announced the trial of its NFT marketplace. Meanwhile, Coinbase had activated a waitlist for its upcoming marketplace launch earlier last month. As the NFT interest doesn’t seem to be dying, how’s Kraken faring against this competition, remains an important question. In a recent interview with CNBC, Jesse Powell, Kraken co-founder, andContinue reading “Kraken tries to ‘stay on the edge of crypto,’ in the face of competition”

Ravi Menon, Managing Director of Monetary Authority of Singapore, revealed in an interview with Bloomberg that the nation-state wants to lead the crypto race. As reported earlier, Singapore had turned into one of the biggest beneficiaries after China’s policy decision to ban Bitcoin. Since then, cryptocurrency exchanges have been legally functioning within their boundaries. InContinue reading “Singapore ready to ‘lead,’ when a crypto economy ‘takes off’”

Soundwise Founder Natasha Che recently compared Layer 1 chains to “new nation-states” on a Twitter thread. In the context of this novel idea, she explained that it’s like smart contract users can “hold multiple passports without having to give up the old one.” Curiously, investment Strategist Raoul Pal seemed to agree with her. He commented,Continue reading “This novel idea makes Cardano, Ethereum akin to sovereign ‘nation-states’”

The much-awaited U.S. Treasury Department-led regulatory report has called for more regulations around stablecoins. The President’s Working Group on Financial Markets (PWG) is of the view that “stablecoins could be more widely used in the future as a means of payment.” It is in this context that Secretary of the Treasury Janet L. Yellen commented,Continue reading “Here’s the response to Biden administration’s PWG report on stablecoins”