In an interview at the Russian Energy Week International Forum 2021, Russian President Vladimir Putin expressed uncertainty about the various use cases of cryptocurrency, other than for payments. He said, “(It’s) too early to talk about the trade of anything in sources of crypto.” However, he said that it may “exist as a means ofContinue reading “President of Russia says crypto ‘may exist as means of payment’”

The Digital Pound Foundation was launched today, 14 October as an independent body for CBDC development. The aim of the project involves “implementation of a well-designed digital Pound and digital money ecosystem.” It stated, “The Foundation believes that a digital Pound will underpin the UK’s transition to an innovative, inclusive digital economy and society.” BasedContinue reading “Digital Pound Foundation to work on UK’s ‘transition to innovative digital economy’”

Check Point Research (CPR) recently investigated one of the largest NFT marketplaces, OpenSea, for security risks. Amid the rising craze in the sector, the firm discovered “critical security vulnerabilities on the platform.” The investigation further found that bad actors could exploit the security loophole to the extent of stealing the crypto wallets of users. InContinue reading “Report spots security risks on NFT platform, OpenSea, but ‘vulnerabilities not exploited’”

We already know that the U.S. was a beneficiary of the Bitcoin mining ban that was announced by China earlier this year. Latest data further revealed that New York, Kentucky, Georgia, and Texas were leading in terms of the power of miners within the US. As per Foundry USA research findings, 19.9% of bitcoin’s hashContinue reading “U.S. states Texas, Kentucky, Georgia, New York attract maximum Bitcoin miners”

After Ripple’s response to SEC’s motion to compel Ripple to produce recordings of internal meetings, the deadline to conduct expert discovery has been set to 12 November 2021. This lawsuit has stretched longer than anyone had anticipated. Attorney John Deaton, who is representing XRP holders in the SEC Ripple lawsuit, explained what is happening behindContinue reading “XRP lawsuit: What to expect in the coming days”

Afghanistan has been facing tremendous financial challenges. The World Bank pointed out that  “government revenues fell short of budgeted levels throughout 2021.” To meet its liquidity demand, it depended on foreign financial aid while dealing with high levels of inflation. Afghanistan’s Bitcoin escape Reports pointed out that foreign aid had halted soon after, which reportedlyContinue reading “In these countries, Bitcoin is ‘mainstream’ for the unbanked”

In a recent interview with Bloomberg, Dawn Fitzpatrick, CEO and Chief Investment Officer at Soros Fund Management commented that Bitcoin was now “mainstream.” She stated, “I’m not sure Bitcoin is only viewed as an inflation hedge here…this has gone mainstream.” As Bitcoin and cryptocurrencies are being viewed from the lens of mass adoption, crypto companiesContinue reading “Can China’s crypto crackdown benefit the ‘entire DeFi ecosystem’”

Michael Burry, the investor who is famous for accurately predicting the 2008 U.S. financial crisis, has called Shiba Inu “pointless.” Burry’s dismissal of the DOGE spinoff is based on its inflationary supply. The meme coin’s supply is now past 1 quadrillion coins. He said, “Just saying, one quadrillion seconds is about 32 million years; OneContinue reading “Despite criticism, Shiba Inu may have a ‘point’ to make”

Blockchain companies have attracted the highest levels of funding in 2021, as per figures by Blockdata. In 2020, the cumulative funding was estimated to be around $3.772 billion. However, Q3 more than surpassed the entire previous year’s total. The data suggested that the total disclosed funding for Q3 2021 was $6.586 billion. It essentially makes theContinue reading “Crypto, blockchain funding sees surge in Q3 2021, FTX is top beneficiary”

Crypto trader and analyst Alex Krüger recently commented on why Cardano might be the most sought-after crypto among new investors. He attributed the popularity of ADA to “a podcast.” While crypto podcasts are popular, he was referring to the one hosted by Charles Hoskinson. Hoskinson is the co-Founder and CEO of IOHK, the company behindContinue reading “Why new investors are choosing Cardano over Bitcoin, Ethereum”

The cryptocurrency and DeFi sector is still young, with much of the industry still waiting on regulatory clarity and guidance. In fact, this is a subject many proponents have commented on as well. WisdomTree CEO Jonathan Steinberg is the latest to do so, with the exec stressing on the requirements for “right regulations” in theContinue reading “What to hope for if a Bitcoin ETF is a go”

Thanks to Bitcoin’s recent bullishness on the charts, many have been quick to make projections. Dan Held, Growth Lead at Kraken, is the latest to do so, with the exec making his projections known at a recent event. His staggering estimates, however, are based on Bitcoin’s future as a “global reserve currency or digital gold.”Continue reading “This may be where Bitcoin will head based on ‘property’ valuations”