The next big thing in the world of finance. Ridden with controversy and backlash from many governments, we expect crypto to be the torchbearer of virtual currencies in the future.
Cryptocurrency Investing: A Guide for Beginners
Since more than ten years ago, cryptocurrency, a digital or virtual form of money, has changed the business world. Bitcoin was the very first and well-known cryptocurrency. It was made in 2009 by an unknown person or group called Satoshi Nakamoto. Since then, many new...
Crypto regulations to curb money laundering – need of the hour
Did you know that there are well over 12,000 cryptocurrencies in the world? [1] The stupendous growth of the crypto industry reached its peak in November 2021 when its value touched $2.9 trillion. Since then, the value of the crypto industry has dipped due to...
Ethereum merge – what it means for investors, users, miners, and the climate
A major event took place in the crypto industry in 2022. On September 15, Ethereum made the switch from the energy-intensive proof-of-work (PoW) model to the energy-efficient proof-of-stake (PoS) model. Dubbed the “merge” this event was a major highlight across the global crypto sector for...
Are decentralized exchanges the answer to crypto exchange liquidity problems?
Cryptocurrencies have taken the world by storm and rattled the financial sector in many ways. Advocates of cryptocurrencies have long aimed to break away from the shackles of conventional financial systems. The calls for secured and a decentralized modes of transaction grew stronger, especially after...
Magic Eden will now accept NFT royalties to compensate creators
Key takeaways: Magic Eden has announced the Open Creator Protocol, which it promises can enforce creator royalties on Solana NFTs that utilise the tool. The firm previously implemented a novel system that gave traders the option of paying royalties. That model will continue for existing...
Binance to infuse $1 billion to revive crypto industry after FTX collapse
Key Points: Binance will pump $1 billion into a crypto recovery fund after the recent FTX collapse. The crypto exchange has said that the amount could change to $2 billion in the future if required. Investors have been concerned about a crypto contagion spreading to...
FTX in deep waters – owes $3.1 billion to at least 50 top creditors
Key points: According to court documents, FTX owes $3.1 billion to at least 50 creditors. The crypto exchange filed for bankruptcy earlier this month after it collapsed. The court filing has not listed the names of creditors in the court filing. Documents from a recent...
Crypto fan Rishi Sunak could turn the UK into a crypto-hub
Key points: Rishi Sunak was appointed as Prime Minister of the United Kingdom this week. Crypto experts have embraced his appointment, calling it a potential game changer for UK’s crypto market. Sunak’s appointment could revive UK’s crypto ecosystem and also open up new opportunities. Crypto...
Blockchain.com will soon issue Visa crypto debit cards
Key points: Blockchain.com will soon roll out a Visa crypto debit card Initially, the crypto debit card will be available to only U.S citizens The card will enable them to make payments using their cash or crypto balance at all places where Visa debit cards...
Coinbase and Blockchain.com enter Singapore after obtaining approval
Key points: Blockchain.com and Coinbase have got approval from Singapore’s central bank to provide payment services in the country Blockchain.com became the second crypto company in the past two days to get approved after Coinbase announced it had received a similar approval this week As...
