2021 was a year of change in South Korea as the administration announced several legislations in the crypto-space. And now, at the start of 2022, a new announcement from the National Statistical Office reportedly states that it will investigate holdings of households for virtual assets. Therefore, from this year, digital assets like Bitcoin would beContinue reading “South Korea: Bitcoin investigations to ascertain household holdings”

Solana, which was somewhat of a star performer in 2021, has suffered a week of turmoil. Solana had identified that its mainnet beta was experiencing high levels of network congestion. Interestingly, this is not the first time this has happened either. Earlier this month, users experienced delays and failure in transactions on Binance as well.Continue reading “Here’s what led to a week of turmoil on Solana’s network”

While the crypto-industry in India is hopeful about regulatory clarity when Budget 2022 comes around, local media reports say it is unlikely that the bill will be introduced on 1 February. AMBCrypto spoke to CREBACO’s Sidharth Sogani to understand where the bill is at right now. According to the exec, the bill is unlikely to make itContinue reading “India: Crypto-bill unlikely to make it to Parliament’s Budget session”

Uniswap, the decentralized liquidity provision protocol on Ethereum, saw a volatile quarter in the crypto-market last year. With 2022 seeing the market lean towards the bears, what can we expect from Uniswap going forward? A recent report by Messari noted some key parameters for Uniswap in Q4 2021, parameters that marked the end of aContinue reading “Here’s where Uniswap might be heading after a volatile last quarter”

‘Buy the dips and sell the rally,’ would be any seasoned trader’s piece of advice for timing the market. But, this timing can seldom be accurate in real-time. But, interestingly, a recent observation by trader Edward Morra seems to suggest that Ethereum’s all-time highs are matching with the sell-offs by Ethereum Foundation. $ETHFriendly reminder thatContinue reading “If Ethereum Foundation is accurately timing the market, here’s what it means”

Erik Thedéen, the Vice-chair of the European Securities and Markets Authority, recently recommended a ban on proof-of-work mining in the EU. Citing its impact on Sweden, he stated, “It would be an irony if the wind power generated on Sweden’s long coastline would be devoted to Bitcoin mining.” Regulators analyze mining impact Previously, Norwegian authoritiesContinue reading “Post-regulatory crackdowns, power grid outages, here’s where Bitcoin mining is heading”

Bitcoin has been on a downward spiral since the beginning of the year, but now it is recording steep corrections. The coin has already lost over 17% of its value over the past week, trading at around $35,500 at press time.  But, it is also worth noting that Bitcoin has lost 50% of its valueContinue reading “Bitcoin’s spiral pulls down Grayscale’s AUM with NAV at record discount”

From a $69,000 ATH  just last year, Bitcoin has now lost 50% of its value in the current market fall. We can see that the markets are volatile and the adoption in the sector is undeniably at its peak. Monetary policy and regulatory environment Many experts take the market weakness to be the result ofContinue reading “With crypto winter back, the White House is making big plans for the sector”

Attorney James K. Filan of Filan LLC has updated on the latest going on with the Ripple and SEC lawsuit. After the previous ruling on 13 January, the SEC has now filed two motions. First motion is addressed to Judge Netburn to extend the regulator’s motion filing date to 17 February from 27 January, 2022.Continue reading “Ripple vs SEC: Here’s why SEC requested an extension & reconsideration of DPP”

It has been somewhat of a rollercoaster ride for Bitcoin in the past week. While Russia’s announcement of a possible crypto trading and mining ban has put pressure on the market, SEC’s rejection of two more physically-backed Bitcoin ETFs wasn’t good news either. And as a result, Bitcoin is trading in a weak range ofContinue reading “El Salvador buys the dip again, adds 410 BTC to its treasury, but experts raise alarm”

The global cryptocurrency market cap on 22 January went down by a massive 13.5% in the last 24 hours, to settle at around $1.6 trillion. Needless to say the tumble follows the year when the market witnessed its first record $3 trillion in cumulative market cap. Market mayhem Some, like the President of El Salvador,Continue reading “Report: Indians maintain a cautious outlook as crypto markets witness a bloodbath”

Jim Cramer, the host of CNBC’s Mad Money took to Twitter for a rather controversial stance. He stated, “Please be careful with Dogecoin…It is a security. It will be regulated. We will find out how many there are and how many are being created each day to make money for the exchanges.” It wouldn’t beContinue reading “If Dogecoin is a ‘security’, here’s what might go down with the SEC”