Former players of Manchester United football club are creating a decentralized autonomous organization (DAO) to push sports investment. As per a recent announcement, Gary Neville and Paul Scholes will team up with Singaporean business magnates Peter Lim and Kiat Lim to create the CO92 DAO. The collaboration aims to allow fans to participate in theseContinue reading “Reports: Former Manchester United players pursuing DAO for sports-related investments”

For the 13 February broadcast of the 2022 Super Bowl, crypto-companies have reportedly spent millions to score the sports sponsorship. WSJ has cited sources to reveal that Coinbase Global, FTX, and Crypto.com will be running a spot during the game. $7 million for 30 seconds Adweek reported that these brands are shedding close to $7Continue reading “Super Bowl = Crypto Bowl, thanks to Coinbase Global, FTX, Crypto.com – Just the start?”

Shortly after announcing performance enhancements within its roadmap for 2022, Cardano is currently in the Basho phase. A phase where it refuses to define scalability in terms of ‘a million TPS.’ It stated in a recent blog post, “Amongst all those available, TPS is probably the least meaningful metric to consider as a means ofContinue reading “If scalability isn’t about a ‘million TPS’ for Cardano, here’s what it is aiming for”

Attorney Jeremy Hogan took to Twitter to comment that, “The next couple months will be very interesting with all the major rulings that are being teed up!” The Ripple-SEC lawsuit is indeed at a crucial juncture. After Judge Netburn granted SEC’s request for an extension for DPP reconsideration, all eyes are now on 17 FebruaryContinue reading “SEC vs Ripple: Judge Torres unseals three documents, here’s what it means”

Solana has been dealing with issues on its network for quite some time. Now, a recent report by Bloomberg is claiming that similar issues might be spilling over to other chains on the Ethereum ecosystem. And, it largely has to do with bots attempting to make trading profits. Bots clogging the network? The report explainsContinue reading “Solana’s congestion issues spilling over to other chains, here’s how”

Soon after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, Economic affairs secretary Ajay Seth has said that even a ban is still not off the table. Cautioning about risks of virtual assets, he stated in an interview, “The Finance Bill has sought to provide clarity onContinue reading “India: Despite tax ‘legitimacy’, here’s why a ‘crypto ban’ is still not off the table”

Hours after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, the industry seems to be divided on its implications. Investor Rakesh Jhunjhunwala, for instance, known as the “Warren Buffett of India,” opined that Budget 2022 is the “death” of crypto in India. Senior opposition leader Sachin PilotContinue reading “India’s 30% crypto-tax proposal – Can’t tax something ‘illegal’… or can it?”

As the regulatory hurdles were getting worse for Meta-backed Diem, Facebook-parent has now abandoned the project for good, as per a recent statement. And, Silvergate Capital has come in to acquire the asset and the intellectual property rights for the cryptocurrency project. It is worth noting that the company also operates the crypto-payments platform SilvergateContinue reading “Meta’s stablecoin project, Diem now sold – is it a lost cause or a new beginning?”

Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies. The FM has proposed a taxation rate of 30% on any income arising from the transfer of any virtual digital asset. Moreover, it is reported that no deduction in respect of any expenditure or allowance will beContinue reading “Breaking | India: Transfer of digital assets to attract 30% tax”

The month of January has spooked the market amid a larger sell-off that has kept the sentiments damp. As per the latest CryptoCompare report, Bitcoin and Ethereum fell by 23.3% and 36.9%, respectively, during the month until 27 January. The downward spiral of price Most of the tokens were trapped in a downward spiral afterContinue reading “Could January’s crypto ‘winter’ actually be here to stay”

Looks like the market recovery in the cryptocurrency space was short-lived owing to profit booking over the weekend. And, with the Asian market heading for the Lunar New Year, Bitcoin fell down by 2.3% in 24 hours, at the time of writing. In fact, Ethereum was also weaker by 3.2% over the last 24 hours.Continue reading “Here’s why FTX chief is betting on ‘Ethereum killers’ for the next two years”

Previous reports have clarified that it is unlikely that a comprehensive crypto-bill will be introduced in the Parliament for the upcoming Budget Session on 1 February. However, the crypto-industry in India remains both hopeful and divided about it. Local media reports suggest that one section of legal experts wants the government to break the statusContinue reading “India: Legal experts divided on pre-budget crypto-wishlist ahead of Union Budget”