The crypto industry remains an uncertain playing field in many countries due to a lack of regulatory guidelines. Despite that, Bloomberg analysis noted in a recent report that Binance, the largest crypto exchange by volume, managed an estimated but debatable figure of $20 billion in revenue last year. With that, CEO Changpeng Zhao became oneContinue reading “As VCs turn to crypto, here’s why CZ thinks India is ‘poised to become a leader’”

The crypto-market mayhem has even got the first Bitcoin ETF in the red after a stellar debut. According to a Bloomberg report, BITO is now among the 10 worst performers amid the broader market weakness. Meanwhile, it’s important to recall that mainstream funds had also dived deep into the sector through the last year. ForContinue reading “‘Bitcoin will untether itself from other assets,’ says exec with note for pension funds”

Just like the bloodbath seen across the rest of the crypto-market, Ethereum has also lost over 17% of its value in a week. At the time of writing, the coin was hovering close to the $3,165-level. Meanwhile, analyst Peter Brandt indicated in a tweet that ETH appeared to be in a bear trend as itContinue reading “Analyst bets on Solana, calls Ethereum ‘overly complicated, expensive, and awkward’”

John Wu, President of Ava Labs believes AVAX continues to “explode” as Avalanche heads into 2022. Furthermore, the executive boasted in a recent interview that the project has been the fastest growing based on usage growth rates of any layer one. He said, “I think we’re well over 1 million transactions per day. That’s likeContinue reading “Can Avalanche get ahead of Solana and Fantom with its 2022 plans”

After the U.S. Fed’s announcement of tapering took crypto for a spin, a similar situation is arising in South Korea’s domestic market, as per local reports. After raising the base rate twice to the 1% level last year, the Bank of Korea is also hinting at a rate hike this year. Governor Lee Ju-yeol ofContinue reading “Report: Investors in South Korea turn to crypto as gold prices struggle”

The Federal Reserve’s Tapering announcement and the crypto-market’s recent performances have kept investors’ confidence low. However, several altcoins demand community attention in the year ahead. IOTA, for instance, integrated smart contracts capabilities through a beta release on its platform in 2021. What’s more, it might have several partnerships and launches to expect in 2022 too.Continue reading “Beyond Bitcoin and Ethereum, these altcoins demand focus in 2022”

“[Web3] It is, at the very least, something new on the nerd level – and that creates a space for creativity/exploration that is somewhat reminiscent of early internet days.” When it comes to Web3, “creativity might not be enough,” as per Signal’s creator Matthew Rosenfeld, also known as Moxie Marlinspike. He explained, “I’m hopeful thatContinue reading “Here’s why ‘creativity might not be enough’ as the world deep-dives into Web 3.0”

Bitcoin continues its sluggish price trajectory as it entered the second week of January. However, the coin is now at almost a 90-day low, soon after the Federal Reserve hinted at an interest rate hike. With that being said, CryptoCompare’s Exchange Review for December 2021 also explained how the weak price has affected spot volume.Continue reading “Here’s why exchanges saw lower trade volume amid Bitcoin’s sluggish price action”

Pakistan’s Federal Investigation Agency’s (FIA) Cyber Crime Wing has issued a notice to crypto exchange Binance while investigating a scam, local media reported. Notably, the reports that FIA has also asked for the attendance of Hamza Khan, the general manager/growth analyst at Binance Pakistan, to explain the company’s position. A release issued in this caseContinue reading “Pakistan: Binance gets pulled up by the regulators as Ponzi mobile apps surface”

Hong Kong-based cryptocurrency exchange Coinsuper is reportedly hit by frozen funds. A report by Bloomberg noted that customers are unable to withdraw money or tokens from the exchange, pushing some of them to file police complaints. https://twitter.com/B548T/status/1465976631537766403 While the matter has just come to light, the issue seemed to have persisted since November 2021. ManyContinue reading “Report: Hong Kong-based Coinsuper clients unable to withdraw funds, tokens”

As India is bracing for the Union Budget 2022-23, an industry association called IndiaTech has written to Finance Minister Nirmala Sitharaman. The association that represents internet start-ups, including crypto exchanges, is asking the government to include crypto taxation rules in the budget, local reports claim. The development comes as major cryptocurrency service providers are underContinue reading “India: Tech startup association writes to Finance Minister seeking crypto tax clarity”

Mozilla Foundation, the nonprofit behind Firefox, has announced that it is reviewing its decision to accept crypto donations. Mozilla had announced on 31 December that it will use BitPay platform to accept these digital donations. But, the entity’s backtracking comes amid backlash from the community for crypto’s environmental impact. On its decision, Mozilla stated inContinue reading “As Mozilla Foundation paused crypto donations, nonprofits raised over $2.4M in 2021”