Indian economy has been surfing troubled waters for quite some time. Several proposals have been made by economists and taxpayers across the country to resolve the situation. The Indian government, although it has embraced the idea of “digital India”, isn’t really convinced about the entire concept of cryptocurrency, while being cautious about blockchain. The government...Read More
One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of...Read More
DeFi ecosystem offers users bank like options including lending and borrowing platforms, payment platforms, derivatives platforms among several others. While most of the DeFi applications are built on the Ethereum blockchain, Ethereum seems to be making headway in the same. Ethereum not only seems to be taking a lead with regard to the applications in...Read More
Last week the Cardano Foundation released Shelley’s Incentivized Testnet which was an entirely new software based on Jormungandr version8. CEO of IOHK, Cardano’s parent company, Charles Hoskinson shared a “brief update” with the community. While pointing out that every testnet would have some sort of issues, Hoskinson revealed that they came across several comments pertaining...Read More
As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional...Read More
Crypto asset manager Bitwise has written a letter to the U.S Securities and Exchange Commission (SEC), addressing the regulator’s concerns of market manipulation, which was cited as one of the reasons the SEC had rejected bitwise’s bitcoin exchange-traded fund ( ETF’s). Earlier in October, the SEC had cited concerns regarding market manipulation and surveillance sharing in...Read More
Antagonists are essential to the story. Perched on a revolving chair, running his hand through a sphynx cat’s bare skin, puffing down a half-finished cigar, is not quite how one would describe the congressman from California’s 30th congressional district, but that’s how the cryptocurrency industry sees Brad Sherman. A vocal opponent of the growing digital...Read More
Binance recently came under fire for purportedly suspending a Binance Singapore user’s Bitcoin withdrawal for some time after flagging the transactions as “risk management”. The platform notified the user that a few cryptocurrency withdrawals were made using coin-mixing service CoinJoin, which is part of the privacy-focused wallet Wasabi. Among other inquiries, the Binance Singapore team...Read More
One of the drawbacks the U.S regulators have constantly faced in the cryptocurrency space is the lack of regulation that was put forth, and, notably, this has been cited as one of the reasons that has stifled the growth of the market in that region. In response to this, several proposals have been made to...Read More
With XRP dipping below $0.20, it has been a tough time for bag holders to bear as this is the second time XRP has dipped below the $0.20 point in a month. Even as Ripple, the company closely affiliated with XRP, makes headway into the payment industry, the price of XRP seems to facing troubled...Read More
Unlike traditional fiat and bank accounts, cryptocurrencies provide privacy and censorship-resistance to a certain extent. But the fact that there have been many instances when cryptocurrencies were confiscated by regulatory authorities paints a picture that the government can get users’ money even if it’s crypto-money. In recent news, the US government revealed using the popular...Read More
The price of Bitcoin fell to $6,500 range on December 18, soon thereafter, the price saw a spontaneous rise to $7,400, a 15% pump in 10 hours. With longs hitting an all-time high on Bitfinex, this unexpected surge in BTC’s price saw huge liquidations of Bitcoin longs on BitMEX. Hourly Chart For now, Bitcoin’s price...Read More
“When things go wrong, those in power often promise to make it right. But do they?” I remember reading these lines in a New York Times news article, and for an uncanny reason, it reminded me of Bakkt and all the institutional investors that promised good days for Bitcoin, the promise of ‘Making Bitcoin Great...Read More
Binance recently invested in the cryptocurrency derivatives platform, FTX, as a part of its strategic partnership. Binance purchased equity in the derivatives firm and also purchased long positions in the FTT token. The partnership will aim to leverage FTX’s platform to build liquidity and institutional products offered across the Binance ecosystem. FTX, one of the...Read More
The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. Our mission is to bring cryptocurrency to the Middle East. We...Read More
Bitcoin skyrocketing, altcoins nosediving, scams, hacks, even central banks announcing digital currencies, 2019 had it all and then some. Looking at the onset of the next decade, the market has a lot in store. With the adoption of cryptocurrencies moving on from retail to institutions and then to sovereign, the bar for the most unlikely...Read More
2019 has been nothing less of a rollercoaster ride for the cryptocurrency industry and the uncertain regulatory climate in the US backs the statement. Crypto enthusiasts across the world are now skeptical of what to expect moving into 2020. Blockchain Association’s executive director Kristin Smith is of the opinion that while drastic regulation might not...Read More
Tim Draper, American venture capitalist and Bitcoin bull has come out in vocal opposition to India’s citizenship act, claiming Bitcoin could see collateral damage. For the past week, protests have been raging across major Indian cities around a recent amendment to the country’s Citizenship Bill, which according to critics is discriminatory on the basis of...Read More
When we talk about technological advancement or the financial landscape, China is a nation that remains omnipresent in the discussion. 2019 has been an eventful year for cryptocurrency and blockchain, and China’s involvement did not go unnoticed in the industry. Earlier this year, Xi Jinping, China‘s president vocally conveyed support for the blockchain technology but...Read More
The scalability trilemma, coined by Ethereum’s creator Vitalik Buterin, stated that a blockchain can “only at most have two” of the three aspects: decentralization, security, and scalability. With Proof-of-Work blockchains sacrificing scalability, Proof-of-Stake was touted as the approach forward. However, more and more exchanges are getting involved in the process of Staking, some have expressed...Read More
Optimism is currently a word forgotten from Bitcoin‘s dictionary! Since November, the largest digital asset has faced substantial volatility in the market, and it is fair to say, the altcoin market cap was equally affected as well. Ethereum registered a drop of over 8 percent on 17th December, causing the 2nd largest crypto to shed...Read More
As 2019 nears its end, crypto proponents in the digital asset industry are already vocal about their speculation on Bitcoin’s price in 2020. Over the past twelve months, Bitcoin registered a year-to-date high at $13,800 on 26th June but the ongoing market corrections caused the valuation to slump by 50 percent. The price swing dampened...Read More
Bitcoin tried CME and tested Bakkt in the derivatives market of 2019 In the past two years, few things in the cryptocurrency market have changed. Bitcoin and Satoshi impersonators are still running rampant, the SEC is still unclear on how to regulate token-issuances and Bitcoin is, yet again, ending the year on a higher-low. One...Read More
Ripple announced raising $200 million Series C funding, led by Tetragon with participation from SBI Holdings and Route 66 Ventures. This investment set a record for the company and affirmed the value of blockchain in improving global payments. SBI Holdings’ partnership with Ripple has been cemented through its venture, ‘SBI Ripple Asia’ to fuel ODL...Read More
With many countries clarifying regulatory stance on crypto, U.S. Congressman Paul Gosar introduced a draft bill for the same. The bill dubbed the ‘Crypto-Currency Act of 2020’ was introduced to shed light on which Federal agencies regulate digital assets. These agencies will be required to notify the public of any Federal licenses, certifications, or registrations...Read More
The leading global crypto exchange, Binance announced its strategic investment in the cryptocurrency derivatives exchange, FTX, incubated by liquidity provider Alameda Research. The investment amount was not disclosed. With regard to the partnership, the Malta-based crypto platform and FTX will essentially work together to further develop the cryptocurrency ecosystem. According to the official blog post,...Read More
South Korea’s leading telecom company, KT is all set to launch its digital currency called Dongbaek Currency. According to reports from a local publication, the blockchain-powered “local currency” will be rolled out in the city of Busan on 30th December. This initiative aims to strengthen Busan’s local economy and to help small stores and merchants. However,...Read More
Binance, the Malta-based cryptocurrency exchange, has launched BCH/USDT (Bitcoin Cash) Futures contracts with up to 75x leverage on its Binance Futures trading platform. Binance Futures was in news recently for rolling out its Ethereum(ETH) Futures contracts up to 75 times leverage. It has now launched its third perpetual contract, BCH/USDT with leverage up to 75...Read More
2019 has been a wild ride for the cryptocurrency industry. After going below $6.5k, Bitcoin underwent an aggressive rally on 18 December and surged over $7k, with the king coin continuing to exhibit high volatility. According to a recent report by LongHash, the intra-month volatility of cryptocurrencies and crude oil was found to be much...Read More
Bitcoin‘s falling price is currently manifesting into a domino effect for all its fundamental statistics. After its mid-year bull surge, Bitcoin’s valuation has acclimatized itself to the lower ranges of the charts over the past two months. After peaking on 26 June, Bitcoin remained above $10,000 for a major part of the following 88 days...Read More
