Back in May, Bain Capital Ventures (BCV) announced raising $1.3 billion to invest across two funds. The arm of Bain Capital is in the news again today after it filed an application for its own crypto-investment fund. In a public filing on 8 September, BCV announced the creation of BCV Crypto Fund I, L.P. TheContinue reading “Bain Capital Ventures discloses plans for new crypto-investment fund”

After several rounds of accumulation, MicroStrategy became the largest HODLer of Bitcoin as a public company a few months ago. In fact, according to Bitcoin Treasuries, MicroStrategy was holding 108,991 BTCs at press time. Contrarily, the month-end filings with the SEC revealed ‘changes in beneficial ownership of securities’ by top executives at MS. According toContinue reading “Bitcoin: This might be the story behind MicroStrategy execs offloading stocks”

After the China’s ban on mining, other countries around the world opened up avenues for mining activities which are now picking up again. Now, in terms of mining revenue, BTC miners generally dominate the front. However, as per CoinShares Research, the trend has seemingly reversed in the last three months. As a result, ETH minersContinue reading “Why Ethereum miners are making more than Bitcoin miners”

Bitcoin has been on an uptrend for over a month, and several analysts continue to make projections with regards to its price action. In a recent interview, on-Chain analyst Willy Woo stated the possibility of this bull market continuing into 2022. He said that his observation is largely based on demand and supply data, indicatingContinue reading “Bitcoin: What you need to know about this ‘last cycle’”

Adding to the list of Binance’s regulatory  troubles,  South Africa’s regulatory body, Financial Sector Conduct Authority (FSCA), issued a warning against the “Binance Group.” As per the warning, “Binance Group” is not authorized to give any financial advice or render any intermediary services. In response, Binance denied having provided any such service under the country’sContinue reading “Responding to warning from FSCA, South Africa, exchange states there is no ‘Binance Group’ in Seychelles”

“A clear, constructive and adaptive regulatory environment for cryptocurrencies would lay a foundation for sustainable innovation, competition and transparency, and allow customers and businesses to safely realize the benefits they may offer.” In its latest report, the World Economic Forum has outlined the need for cryptocurrency regulations on the back of greater interest in theContinue reading “Here’s what the WEF is proposing instead of an ‘ineffective’ ban on cryptos”

Years after the crypto-trading platform BitConnect went defunct, the SEC has now charged its founder for fraud. Satish Kumbhani, along with the company’s top executives, will face litigation for defrauding retail investors of $2 billion. The complaint alleges that the program was an “unregistered offering and sale of securities.” Promoter Glenn Arcaro, another party toContinue reading “SEC charges BitConnect Founder, execs with $2B cryptocurrency fraud”

The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for internationalContinue reading “BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials”

The Hong Kong Securities and Futures Commission (SFC) issued a warning regarding the “collective investment scheme”(CIS) on 30 August. CIS includes digital tokens and initial coin offerings (ICO), not authorized under the Securities and Futures Ordinance (SFO). As per the official statement, “A CIS may not be offered to the public in Hong Kong withoutContinue reading “Hong Kong Securities Commission issues warning against unauthorized tokens”

Bilaxy, a Hong Kong based trading platform, reported recently that its hot wallet was hacked. The extent of loss was unclear, but some estimates claim it to be over $400 million. HOGE, a DeFi token, confirmed on Twitter that the network has lost over 1 billion HOGE worth $22 million in the attack. The losses causedContinue reading “Hong Kong based crypto-exchange loses over $21 million, in yet another hacking incident”