Concerning a $40.7-million coin offering, the Securities and Exchange Commission (SEC) has announced charges against two companies and its Australian founder.  In a release today, the regulator pulled up Craig Sproule and his companies Crowd Machine, Inc. and Metavine, Inc. for “materially false and misleading statements.” In a 2018 “unregistered offer and sale of digitalContinue reading “SEC cracks down on another ‘fraudulent’ ICO issuer for ‘misleading’ investors”

Pakistan has purchased cryptocurrency worth $50 million in just six months, news agency ANI reported citing local media. However, it has also reportedly attracted the attention of Islamabad’s premier investigation agency after 2,923 transactions worth billions of Pakistani rupees were carried out over the months. With 1,054 accounts of crypto investors already frozen, as perContinue reading “Report: Pakistan bought $50 million worth of crypto, opening an encashing opportunity”

3 January marked the 13th anniversary of the Bitcoin Genesis Block or the beginning of the Bitcoin chain as we know it today. But, on its birthday, BTC price levels remained under $50k. Soon after on 4 January, the coin is hovering close to $46,700 with a weekly return down by 7.7% on CoinGecko. ThatContinue reading “As Bitcoin turns 13, considering why 2022 may not be its year yet”

IOHK chief Charles Hoskinson recently took to Twitter to express optimism regarding the current Cardano treasury. He noted that the project doesn’t need venture investment, adding, “Where we are going, we don’t need VCs because we have already built one of the largest.” With that being said, Cardano also won the crown of the mostContinue reading “Hoskinson explains why Cardano’s current treasury is not in need of VCs”

Banca Generali, a major Italian bank with an AUM of €73.3 billion as of 2020, may integrate Bitcoin services this year, media reports claimed. According to Riccardo Renna, Chief Operation Officer and Head of Innovation at Banca Generali, the integration will be completed early this year. He added, “From that moment, customers will be ableContinue reading “Italian bank Banca Generali may integrate Bitcoin in 2022: Report”

Major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. However, Zanmai Labs’ WazirX had recently come under fire for alleged evasion of 400 million rupees in goods and services tax (GST), after 492 million rupees were reportedly recovered from the exchange as tax and penalty. Treading the thin lineContinue reading “‘No intention to evade tax,’ India crypto exchange WazirX responds to ongoing investigation”

Congressman Tom Emmer recently touched upon the approach of the Congressional Blockchain Caucus through the last year, reflecting on changes needed in 2022. He noted, “The Caucus’s support has become instrumental to advancing Web3 policy.” It is noteworthy that Blockchain Caucus is essentially a group of Republicans and Democrats that aim to formulate policies aroundContinue reading “Is a ‘Bipartisan Congress’ the solution for progressive crypto regulation in the U.S”

2021 was a year of political turmoil for crypto businesses in South Korea. After several regulatory shakeups, the country is finally ready to tax digital assets from 2023. With that, South Korea is going in for its presidential elections in March 2022. Meanwhile, as per local reports, the ruling Democratic Party of Korea (DPK) hasContinue reading “Crypto politics heats up with upcoming presidential elections 2022 in South Korea “

Less than a month after Twitter account of Prime Minister Narendra Modi was hacked, major institutional handles in India were reportedly renamed “Elon Musk” over the weekend. Following which, screenshots from Sunday reveal that tweets promoting cryptocurrency were posted soon after. In the earlier incident as well, PM’s hacked handle had tweeted that the countryContinue reading “India: Three institutional handles hacked, renamed to ‘Elon Musk’ to promote crypto”

Bitcoin’s price trajectory post-November has been a major concern for investors as well as institutions. In fact, the king coin’s price action also had an effect on Grayscale’s digital asset portfolio. Well, Grayscale Investments is currently holding $43.6 billion as assets under management (AUM) under its various crypto offerings. December 2021 As per the manager’sContinue reading “Bitcoin’s sluggish price action reflects on Grayscale’s AUM of $43.6 billion”

Hayden Adams, Inventor of the Uniswap Protocol and CEO at Uniswap Labs noted in a series of tweets that “2021 has been a transformative year for crypto adoption.” Furthermore, he said, “And can’t wait to see what the next year brings as we build a decentralized Internet together.” However, he is ready to take aContinue reading “Looking back at growth Uniswap’s CEO pushes development direction for 2022”

In a recent Twitter thread, professor and investor Adam Cochran drew his 2022 portfolio thesis and a “shopping list” of probable top performers in the year ahead. He said, “…investing in real assets that aren’t just hype is like startup investing, you need to be in it long term.” Buy on Dips However, he reiteratedContinue reading “Here’s an analyst’s ‘shopping list’ of top performers, find out which of them will fit your portfolio”