The crypto market is often compared to the dot-com bubble before the 2000-01 market crisis. Earlier this year, billionaire Mark Cuban had also said that the crypto sector resembled the “internet stock bubble,” however expressing optimism about Bitcoin’s survival. In a recent interview, financial commentator Harry Dent Jr. made some predictions on similar lines. HeContinue reading “This expert says, if you have Bitcoin, hold it until…”

Congressmen Warren Davidson, Tom Emmer, Ted Budd, Anthony Gonzalez, and Trey Hollingsworth have addressed a letter to the U.S. SEC Chair seeking clarity around crypto rules. The development comes after a recent report by Bloomberg, discussing the SEC’s “significant authority” over tokens like Tether. Citing sources, it had said that an upcoming regulatory report by the US Treasury isContinue reading “Congressmen seek clarity from SEC chief Gensler, on yield products, stablecoins”

Squid Game, the Korean series which was a recent rage on Netflix, now has a spiking market cap. The series-inspired project is a crypto play-to-earn platform on Binance Smart Chain. At press time, the Squid Game token “SQUID” was priced over $3, up from the lows of $0.5 in the last 24 hours. Also, forContinue reading “Squid game fever grips crypto market, sends token rallying 2500%”

Speaking at a recent event, Grayscale CEO Michael Sonnenshein discussed how the regulatory landscape around crypto has evolved. However, geographically, he said that the regulations are a patchwork. In the US, he said, “Grayscale would like to see is, our regulators actually regulating beyond enforcement.” Sonnenshein touched upon the recent enforcement actions taken against individualContinue reading “Why Bitcoin ‘is an asset class born for this generation’”

Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country’s crypto regulations in an interview. Crypto & democracy Shetty emphasized that ‘no democratic nation’ is going ahead with banning crypto. Instead, the countries are looking at ways to regulate the sector. In contrast to China’s policy decision, he said, “I thinkContinue reading “India unlikely to ban crypto as it is ‘old school’ according to this exec”

Dallas Mavericks has announced a five-year partnership with crypto platform Voyager. Now on, the publicly traded exchange will be the official crypto brokerage and international partner for Mavericks. Speaking on the ‘dynamic partnership’, team’s Governor Mark Cuban said, ” I think working together, we’re going to be at the forefront of innovation. We’re going toContinue reading “Cuban’s Mavericks add yet another crypto partnership in the sports arena”

Nick du Cros, Head of Compliance and Regulatory Affairs at CoinShares, recently stated that the UK was close to introducing new crypto promotion rules. Just last month, the Canadian securities regulator also issued promotion guidelines for crypto-platforms. Quoting the latest Financial Conduct Authority (FCA) perimeter report, he lauded the crypto initiatives in the country. However,Continue reading “UK FCA may issue crypto promotion rules, says crypto ‘may offer potential benefits’”

Su Zhu, CEO, and co-founder of Three Arrows Capital, recently speculated about China ‘un-banning’ crypto mining. He cited China’s decision to seek public comments on the revision of the relevant measures of the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)” to make the observation. However, on the contrary, Chinese Journalist Colin Wu said that itContinue reading “China not in a mood to consider reversing crypto ban”

Payments company Nium launched the first global Crypto-as-a-Service (CaaS) solution earlier today. It will offer in-demand crypto products to financial institutions, by integrating its API-based crypto capabilities. In addition, it also announced the extension of its Banking-as-a-Service (BaaS) solution to the U.S. In context of its offerings, the official release stated, “The cryptocurrency investment services willContinue reading “Singapore-based Nium provides platform for crypto-as-a-service, to institutions”

Tesla CEO, Elon Musk’s tweets helped Shiba Inu and Floki prices soar previously. However, this time around, his response plummeted the meme coin as he agreed to have bought no SHIB tokens. Meanwhile, another user curiously asked if he has invested in Floki. Turns out, Musk had only acquired popular cryptocurrencies like “Bitcoin, Ether andContinue reading “Does Elon Musk’s preference for Dogecoin over Shiba Inu make a difference”

It is no news that crypto mining is energy-intensive. Recently, New York State residents addressed a letter to the governor to reassess mining permits to crypto businesses. It includes names like Greenidge Generating Station and the Fortistar North Tonawanda. Additionally, the petitioners went on to ask for a statewide moratorium on proof-of-work (PoW) cryptocurrency mining. WhileContinue reading “As Bitcoin mining activity strengthens in the U.S., is it fading out from Kazakhstan”

A leading South African bank reportedly sent account termination notices to several crypto clients. As per the local media, Standard Bank served notices to providers of automated cryptocurrency arbitrage services. The report noted that virtual currencies like Bitcoin trade at a higher price in South African exchanges compared to other locations. This is similar toContinue reading “South Africa Bank to terminate accounts of clients offering crypto arbitrage services”