The Ethereum Foundation was in the news last month after it announced the Kintsugi Merge Testnet in December. The main purpose of the testnet is to experiment and identify issues with post-merge Ethereum. The AllCoreDevs on Ethereum call it the “first public, easily accessible, multi-client testnet running post-merge Ethereum!” Following the same, now, Chair TimContinue reading “Ethereum: Here’s where we are with ‘The Merge’ after phasing away ‘ETH 2.0’”

Despite the Bank of Russia’s unwavering position on cryptos, authorities have instead agreed to regulate the sector by drawing a ‘roadmap.’ As per a report by a local paper, the roadmap might require Russian investors to take a test before they can trade in cryptocurrencies. Testing for “unqualified investors” Andrey Lugovoi, one of the authorsContinue reading “Russia: Crypto traders might soon have to take a ‘test to prove qualification’”

We know that the “Coinbase Effect” has turned into an industry-wide phenomenon. This is because any token’s listing by the exchange is known to give a positive push to its value.  However, a recent report by the Financial Times suggests that Coinbase is profiting from its listing. For instance, last month, crypto-startup Decentralized Social issuedContinue reading “Is the Coinbase effect giving the exchange an unfair advantage”

The crypto-market has shed almost a trillion dollars in cumulative market cap amid its recent weakness. Meanwhile, Bitcoin remains down by almost 45% in value since its record high in November 2021. 1 billion crypto-investors Alas, despite the mayhem, trading-platform Crypto.com has estimated that 1 billion people will likely invest in the asset class byContinue reading “Bitcoin, Ethereum and here’s what else are the top picks of the ultra-rich”

After seeing a 50% drop in price from its peak last year, Bitcoin has been down the recovery road. It has gained close to 4% in the last 24 hours and has been hovering near $37,800 at the time of writing. While it is yet to breach the crucial support level of $40,000, the BitcoinContinue reading “Experts change their 2022 Bitcoin price prediction, and no it’s not close to $100K”

Visa recently released its stellar quarterly results. With that, it is also the first quarter after the financial services company amped up its crypto offerings. In its recent earnings call, Visa noted that its customers made $2.5 billion in payments with crypto-linked cards in its fiscal first quarter of 2022, reported CNBC. The drivers ofContinue reading “Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion”

There have been several critics of El Salvador’s policy to accept Bitcoin as legal tender. In the past, the International Monetary Fund (IMF) has made several recommendations against the decision. Now, in a recent release, IMF has said that El Salvador should dissolve its $150-million trust fund incorporated at the time of its policy decision.Continue reading “Is IMF ‘on the wrong side of history’ as it issues yet another warning to El Salvador”

“There are disturbing echoes of the subprime crash.” Nobel Prize-winning economist Paul Krugman has raised concerns about the crypto asset class in a recent opinion piece with New York Times. In which, the crypto skeptic recalled the U.S housing market collapse of 2007–08 while drawing parallels with the volatile cryptocurrency market. He said, “Well, I’mContinue reading “‘Echoes of the subprime crash’: This economist sees worrying signs in cryptos”

With skyrocketing interest in virtual assets, Indonesia’s Financial Services Authority (OJK) has barred financial institutions from facilitating crypto sales, reports confirmed. In a translated social media post, the regulator said, “OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading.” Further, it highlighted investment risks associated with the volatile assetContinue reading “Report: Financial firms in Indonesia barred from facilitating crypto sales”

Soon after the central bank of Russia announced that it is mulling a ban on crypto mining, reports now point otherwise. The Chairman of the State Duma Committee on Industry and Trade, Vladimir Gutenev told the local news wire that crypto mining can continue legally in the country under the regulatory control of the state.Continue reading “Russia might undo its mining ban decision, but Fitch Ratings point at other concerns”

Back on 21 January, the plaintiff SEC in the Ripple lawsuit had filed two motions. The first motion was addressed to Judge Netburn to extend the regulator’s motion filing date to 17 February from 27 January 2022. And, the second motion was addressed to Judge Torres. Now, in a text only order, Judge Netburn hasContinue reading “SEC vs Ripple: Partial victory to the SEC as Judge grants more time to file motion”

Ethereum, which has managed a return on investment (ROI) of 8700%, has cultivated a lot of dampened market sentiments lately. In fact, following the market’s downfall, Ethereum has lost over 51% of its value since its ATH of $4,878.26 three months ago. A profitable majority And yet, data by IntoTheBlock seems to suggest that 67%Continue reading “67% of ETH holders still profitable but here’s what’s putting pressure on the price”