Month: December 2021

The International Monetary Fund stated in their blog that “financial stability risks could soon become systemic in some countries.” In this discussion of “crypto assets” and “associated products,” the IMF stated their opinions on the stability of the markets, the establishment of global oversight to take the reins where nation-states are failing to halt the progress of the rising asset class, licensing, and authorization to operate in the space, closing off the markets with liquidity requirements, and what they call Read more …

Having an exclusive regulator oversee cryptocurrency developments in the U.S. might not be the best strategy, according to Securities and Exchange Commission (SEC) Commissioner Hester Peirce. She told CoinDesk TV in a Thursday interview that the SEC has adapted to new technologies over the years, and it shouldn’t be different with crypto. “I have a couple of problems with it,” Peirce said. “Typically in Washington, when you build another regulator, all you get is all the existing regulators plus one.” Read more …

Cardano (ADA) experienced a major downtrend in the past months as the crypto market took another swing for the lows. The sixth cryptocurrency by market cap has seen a year in the green as it managed to complete several upgrades on its mainnet. Related Reading | Biggest Cardano Based Cross-Chain NFT Marketplace Verlux kicks Off Pre-sale First, Cardano successfully transitioned to a Proof-of-Stake consensus in 2020, shortly after the D parameter reached “0” signaling the full decentralization of block production. Read more …

This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December 30, 2021, there’s roughly 78.2 billion tether (USDT) in circulation, according to coingecko.com’s top stablecoin by market capitalization statistics. According to Tether Limited’s transparency report Read more …

Data shows that Bitcoin has increasingly behaved like a risk-on asset in the year 2021 as its price movements have reacted to the VIX volatility index. Bitcoin Cements Itself As A Risk-On Asset During The Year 2021 As per the latest weekly report from Arcane Research, BTC has behaved like a risk-on asset this year as the crypto’s price has seemed to follow VIX. “VIX” is the ticker symbol for the Chicago Board Options Exchange’s Volatility Index. This index tells Read more …

MicroStrategy bought bitcoin yet again, the third big purchase in one month. The software company acquired 1,914 BTC for $94.2 million. Saylor’s firm now holds about 124,391 bitcoin, the largest bitcoin holding among corporations worldwide. Software intelligence company MicroStrategy has “bought the dip” yet again, adding 1,914 bitcoin to its holdings at an average price of $49,229 per BTC. The company now holds 124,391 bitcoin, the largest corporate bitcoin holdings besides trusts and exchange-traded funds (ETFs). MicroStrategy said in a Read more …

Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the names of 1,064 individuals have been frozen by Pakistan’s Federal Investigation Agency (FIA). The law enforcement authority acted on request from the Cyber Crime Reporting Read more …

By Surojit Chatterjee, Chief Product Officer 2021 proved to be a breakout year for crypto with BTC price gaining almost 70% yoy, Defi hitting $150B in value locked, and NFTs emerging as a new category. Here’s my view through the crystal ball into 2022 and what it holds for our industry: 1. Eth scalability will improve, but newer L1 chains will see substantial growth — As we welcome the next hundred million users to crypto and Web3, scalability challenges for Eth are likely Read more …

Facebook’s name change to Meta, and the announcement of its strategic pivot to becoming a Metaverse company, have sent shock-waves through the tech community. Metaverses are already considered to be the next technological great leap forward, and potentially far bigger than the internet revolution. They can be defined as a combination of multiple elements of technology, including virtual reality, augmented reality, and video where users “live” within a digital universe. These users will be looking for a messaging and trading Read more …

The argument on who really benefits from bitcoin is a long one in the making. For those who have been invested in the digital asset for a couple of years, they have obviously been making the most profit given the recent rallies in the market. However, there is still a lot of BTC that remains in the possession of what is a small number of bitcoin users and that has led to some concerns regarding the distribution of the digital Read more …

2021 has been a bullish year for crypto assets. While prices have risen a great deal, the top ten and top twenty rankings in terms of market capitalization have also changed significantly. A great number of coins have either been pushed down or have entered the crypto economy’s top positions in terms of overall market valuation. 2021’s Top Crypto Asset Positions Change Drastically On December 27, 2020, a historical snapshot of the crypto prices that day shows that bitcoin (BTC) Read more …

On December 29, two addresses from 2011 containing 500 bitcoin each transferred 1,000 coins for the first time in 10.5 years. Furthermore, another wallet from 2011 woke up on Wednesday, moving 40 bitcoin for the first time in over a decade. 1,040 Bitcoin from 2011 Move for the First Time in 10.5 Years On Wednesday, an address created on July 10, 2011, at 11:22 p.m. (UTC) with 500 bitcoin (BTC) transferred the BTC for the first time in 10.5 years. Read more …