It reports are to be believed, the central bank of Russia is mulling a ban on both crypto trading and mining. As per the recently released consultation paper, Moscow has outlined the risks associated with the sector. It stated, “High volatility and proliferation of fraud in cryptocurrency trading creates for individuals risk of losing aContinue reading “Moscow’s likely trading and mining ban is souring global crypto sentiments”

The Financial Conduct Authority (FCA)has been raising concerns around crypto advertising for quite some time. Now, Chancellor of the Exchequer Rishi Sunak is planning to tighten crypto advertising rules as new scams surface. A ‘royal’ fraud Recently, fake photos of Duke and Duchess of Sussex were being used to promote crypto schemes. As per reports,Continue reading “Fraudsters use royal couple to promote scam, here’s all that’s going to change in the U.K”

China is nearing its e-CNY official debut when the Winter Olympics commences on 4 February, 2022. Latest before the debut In an announcement dated 19 January, the People’s Bank of China expanded on the construction of the payment service environment and pilot working group for the digital RMB launch in the Beijing Winter Olympics. TheContinue reading “China: e-CNY final preparations underway ahead of Winter Olympics curtain lifter”

After 2022 started with tax raids on crypto businesses in India, industry players are pushing for a bill in the upcoming Budget session. The session is scheduled for 1 February for the financial year 2022-23. But firstly, local reports suggest that the industry wants taxation clarification. Sathvik Vishwanath, Co-Founder, and CEO of India-based trading platformContinue reading “India: Crypto industry players hope for regulatory clarity in Budget 2022”

Former Vice-Chairman of Bank for International Settlements (BIS) Raghuram Rajan commented about the growing use of cryptocurrency in a recent interview. He said, “Of course, in some countries with a terrible currency which is inflating at very high rates, what we are getting is an effective replacement of the domestic currency by a cryptocurrency.” WeContinue reading “‘Private people prefer trading in the crypto’ to trading in the official currency”

Crypto-payments processor BitPay Inc. is in the news today after it told Bloomberg that payments using digital tokens have become a popular method of purchase. Interestingly, however, Bitcoin has noted a falling dominance, compared to altcoins, when it comes to payments. Looking at last year’s data, the report cited Bitcoin’s falling preference by merchants. BitPayContinue reading “Bitcoin takes a hit as a popular payments token among consumers”

American former professional boxer Michael Gerard Tyson has recently stormed into the crypto-verse. He had recently stated that he was, “All in on Solana” On 16 January, when he took to Twitter to discuss SOL’s price, many of his followers responded, not so pleased with his endorsement. While some thought that he is trying toContinue reading “‘All in on Solana:’ Is Mike Tyson trying to pump the project”

David Schwartz, Ripple’s chief technology officer, has stated that banning Bitcoin or proof-of-work algorithm or branding Ethereum security could be “disastrous” for Ripple. This is comically absurd. Either of those two things would be disastrous for @Ripple. https://t.co/7iebCt66Hl — David 'JoelKatz' Schwartz (@JoelKatz) January 16, 2022 He said so while responding to a theory byContinue reading “Ripple CTO: Banning Bitcoin or branding Ethereum security could be ‘disastrous’ for Ripple”

$40,000 has been strong support for Bitcoin in the past month, with the 7-day lowest dipping close to $40,600 on CoinGecko. Well, the interesting question here is- With Bitcoin’s recovery to $43,200 at press time, will it be soon time to cease bottom fishing? Bloomberg cited an analysis by Genesis Global Trading that noted BitcoinContinue reading “Is it almost the end of Bitcoin bottom fishing”

Cardano is up by an impressive 9% in the last 24 hours, with a price of $1.39 at press time. As the price sees a positive spike, there is a close to +30% on its DeFi Total Value Locked (TVL) over the same period. The positive sentiment could be due to a combination of factorsContinue reading “Cardano price spikes by 9% in 24 hours; here’s what might be fueling it”

Shark investor and billionaire Mark Cuban confirmed in a recent podcast that 80% of his ‘non-Shark’ money goes to virtual assets. The statement doesn’t come as a surprise as Cuban has been quite vocal about his love for cryptos since the beginning. “80% of the investments that I make that are not on Shark Tank,Continue reading “Shark investor Cuban reveals his ‘non-Shark’ crypto, NFT investments”

While the crypto market mayhem might not be over, the OG non-fungible token (NFT) marketplace OpenSea has been recording impressive volumes. However, OpenSea’s competitor LooksRare, which launched on 10 January, has been breaking its records with regards to sales. Dune Analytics recorded that since the launch, OpenSea has clocked total volumes of over $965 million.Continue reading “Here’s how newbie NFT marketplace LooksRare overtook the OG OpenSea”