Liquid Network is in the news today after it announced its protocol upgrade, Dynamic Federations (DynaFed) for 04 October. Both the Liquid Network and the Lightning Network are the two leading Layer 2 protocols on Bitcoin. While they both aim to improve Bitcoin’s scalability for faster payments, there is a line of distinction between theContinue reading “Bitcoin sidechain Liquid pencils in 4 October for DynaFed hard fork”

Bitcoin and other cryptocurrencies experienced pressure in September as fears around China’s Evergrande collapse mounted. Another FUD sell-off followed after China’s announcement that rendered private cryptocurrencies “illegal.” However, some crypto commentators think that the September pressure is a historical precedent. What follows, according to them, is a rally. Michaël van de Poppe, CEO and FounderContinue reading “Here’s why the Bitcoin bull run will continue in Q4 despite September sell-off”

At the Cardano Summit 2021, Input Output HK (IOHK) announced a partnership with COTI, as Cardano’s stablecoin platform. Moving forward, the COTI platform will be the official issuer of Djed, the network’s stablecoin. Back in July, IOHK CEO Charles Hoskinson had shared the stablecoin design for Decentralized Finance [DeFi] transactions. Now, it plans to useContinue reading “Cardano’s new stablecoin, Djed will be issued by COTI”

dditionally, no user will be able to purchase cryptocurrencies through fiat channels and liquid swaps. The development comes after Binance made further changes to comply with the Monetary Authority of Singapore [MAS], by ceasing all related trades. Now, Binance has asked its Singapore users to withdraw fiat assets and redeem tokens by Wednesday, 26 October, 04:00Continue reading “Binance halts spot trading, fiat deposit services among others, in Singapore”

The latest Bitcoin Markets Report showed greater investment in crypto assets in Australia in FY 2020-21. As per the report, Australians have been interested in the asset class due to several reasons, including the increased number of institutional and big players in the market. Another factor that boosted their confidence in crypto, is the failureContinue reading “Report reveals 175% growth in crypto trades in Australia”

Bitcoin’s status as store of value is being questioned frequently of late, due to its volatile price action. Marion Laboure, Analyst at Deutsche Bank Research said that she could potentially see Bitcoin becoming the 21st-century gold. She explained that even gold was volatile historically, but, “It is important to keep in mind that Bitcoin isContinue reading “Bitcoin is ‘risky,’ but here are reasons why it qualifies as ‘digital gold’”

29 of the 66 South Korea-based crypto exchanges had rushed to meet a stipulated regulatory deadline on 24 September. Following this, the market now expects a major consolidation with only ‘big 4’ coin exchanges standing strong. As per local reports, only Upbit, Bithumb, Coinone, and Korbit managed to secure partnerships with local commercial banks underContinue reading “‘Big four’ South Korean crypto exchanges survive despite restrictions”

Voyager Digital’s third-quarter sentiment survey found that 96% of investors were confident in crypto’s near future. This marked a rise, compared the 81% investor confidence recorded previously, in Q2 2021. With respect to Bitcoin, 8 out of 10 investors were bullish for the coin in the upcoming quarter. This was largely owing to the expectationContinue reading “Is the China ban ‘a precursor’ to a similar turn of events in the U.S.”

A large number of money managers continue to refrain from cryptocurrency investments, SkyBridge Capital founder Anthony Scaramucci said, in a recent interview. He estimated that a mere 10% of the institutional financial sector is looking at the asset class. He said, “The institutions are not there…Anybody who’s telling you there’s institutional adoption into this spaceContinue reading “Is institutional interest in cryptocurrencies not all that it is made out to be”

In a recent interview, entrepreneur Bill Pulte discussed Bitcoin allocation and its price outlook with host Natalie Brunell. The millionaire explained that it is necessary for families to invest in Bitcoin as, “Bitcoin buys happiness because it takes people out of third world poverty…Happiness is economic freedom.” Further explaining how much a family should allocateContinue reading “Money can’t buy happiness but what if Bitcoin can…”

The People’s Bank of China (PBoC) has banned all crypto-related activities, once and for all, in its latest order. This is, perhaps, the first time the nation has outrightly declared trading in digital currencies like Bitcoin ‘illegal’. Additionally, the enforcement this time around is backed by at least ten Chinese regulatory bodies and ministries, includingContinue reading “China’s clampdown on crypto might see Singapore turn beneficiary”

Hong Kong has many homegrown crypto-platforms like FTX, Bit-Z, Amber, and Bitspark, among several other startups. However, lately, the city is losing its sheen as a premier crypto-marketplace. This opinion holds particular significance now, especially since FTX CEO Sam Bankman-Fried revealed that the exchange is changing its base from Hong Kong to the Caribbean. FTX’s brand-newContinue reading “‘Hostile’ Hong Kong is losing its sheen as crypto-businesses choose to leave”