An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Square Inc., the Bitcoin payment app led by Jack Dorsey released its quarterly financial reports for shareholders on August 1st, reporting $4.68 Billion in total revenue in the second quarter of 2021. Square’s revenue grew 143% year-on-year (YoY). The firm mentioned it has seen a “significant growth in Bitcoin revenue,” estimated to be worth$2.72 Billion,
Square Inc., the Bitcoin payment app led by Jack Dorsey released its quarterly financial reports for shareholders on August 1st, reporting $4.68 Billion in total revenue in the second quarter of 2021. Square’s revenue grew 143% year-on-year (YoY). The firm mentioned it has seen a “significant growth in Bitcoin revenue,” estimated to be worth$2.72 Billion,
Bitcoin network’s mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the
Bitcoin network’s mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the
The amount of Ether staked in ETH 2.0 contracts has reached 6,467,650 estimated to be worth $15.9 billion. As the days of ETH 2.0 main net integration close near, the interest of traders for staking ETH is also rising. Several crypto exchanges have started offering Ether staking services in light of growing demand. Bitstamp has
The amount of Ether staked in ETH 2.0 contracts has reached 6,467,650 estimated to be worth $15.9 billion. As the days of ETH 2.0 main net integration close near, the interest of traders for staking ETH is also rising. Several crypto exchanges have started offering Ether staking services in light of growing demand. Bitstamp has
Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for
Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for
Bitcoin’s (BTC) price soared above $42K earlier today for the first time in a month as the top cryptocurrency looks to move out of a two-month-long bearish phase. The price rise saw BTC record a new monthly high of $42,235 before retracing below $42K. The next resistance lies at $45K and if BTC manages to
Bitcoin’s (BTC) price soared above $42K earlier today for the first time in a month as the top cryptocurrency looks to move out of a two-month-long bearish phase. The price rise saw BTC record a new monthly high of $42,235 before retracing below $42K. The next resistance lies at $45K and if BTC manages to
US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the
US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the
The Securities Commission Malaysia (SC) ordered enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX) without obtaining the necessary approval from the SC. A public reprimand was also issued against the exchange for carrying out operations despite being put on the SC’s ‘Investor alert list’ in July 2020. The regulatory head of
The Securities Commission Malaysia (SC) ordered enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX) without obtaining the necessary approval from the SC. A public reprimand was also issued against the exchange for carrying out operations despite being put on the SC’s ‘Investor alert list’ in July 2020. The regulatory head of
Binance crypto exchange’s legal trouble has extended to India now. The world’s largest crypto exchange is under the scanner of the Indian anti-money laundering agency Enforcement Directorate (ED) for its role in the $134 million money laundering case, as per a report in Bloomberg. The ED is currently investigating a money-laundering racket operated through Chinese
Binance crypto exchange’s legal trouble has extended to India now. The world’s largest crypto exchange is under the scanner of the Indian anti-money laundering agency Enforcement Directorate (ED) for its role in the $134 million money laundering case, as per a report in Bloomberg. The ED is currently investigating a money-laundering racket operated through Chinese
2021 has proven to be the year of crypto startups as many of them have managed to raise record funding rounds, seeing investment from several Venture Capital firms and Hedge Funds. Multiple crypto startups have managed to gain Unicorn status after their latest funding round. Crypto startups have managed to raise hundreds of millions of
2021 has proven to be the year of crypto startups as many of them have managed to raise record funding rounds, seeing investment from several Venture Capital firms and Hedge Funds. Multiple crypto startups have managed to gain Unicorn status after their latest funding round. Crypto startups have managed to raise hundreds of millions of
State Street Corp., one of the top asset management groups with $42.6 trillion worth of assets under management has announced it would start offering crypto reporting, reconciliation, and processing services to its private-fund clients. The asset manager has partnered with Lukka Inc., a crypto software service provider for its fund administration services who would also
State Street Corp., one of the top asset management groups with $42.6 trillion worth of assets under management has announced it would start offering crypto reporting, reconciliation, and processing services to its private-fund clients. The asset manager has partnered with Lukka Inc., a crypto software service provider for its fund administration services who would also
Indian crypto exchange CoinDCX could become the next crypto unicorn as reports suggest the crypto exchange is in talks to close a $100-$120 million funding round. The crypto exchange had closed a $13.9 million Series B funding round in December last year. The exchange raised a total of $19.4 million throughout 2020. The completion of
Indian crypto exchange CoinDCX could become the next crypto unicorn as reports suggest the crypto exchange is in talks to close a $100-$120 million funding round. The crypto exchange had closed a $13.9 million Series B funding round in December last year. The exchange raised a total of $19.4 million throughout 2020. The completion of
Bitcoin price is currently hovering around the $40,000 mark after breaking out of the $35k resistance and forming good support at $38,800. The top cryptocurrency hit a monthly high of $40,816 earlier today before retracing under $40K again. The on-chain data suggest traders have turned bullish again as they expect BTC to solidify its position
Bitcoin price is currently hovering around the $40,000 mark after breaking out of the $35k resistance and forming good support at $38,800. The top cryptocurrency hit a monthly high of $40,816 earlier today before retracing under $40K again. The on-chain data suggest traders have turned bullish again as they expect BTC to solidify its position
The US Senate approved the bipartisan infrastructure deal worth $550 billion targetted at transportation and power systems. However, last-minute additions to the deal saw lawmakers impose an additional $28 billion in crypto tax. The infrastructure deal aims to fund a portion of the deal by collecting taxes on crypto transactions. The Senate’s proposal will impose
The US Senate approved the bipartisan infrastructure deal worth $550 billion targetted at transportation and power systems. However, last-minute additions to the deal saw lawmakers impose an additional $28 billion in crypto tax. The infrastructure deal aims to fund a portion of the deal by collecting taxes on crypto transactions. The Senate’s proposal will impose
The rising demand for Bitcoin has made way for various regulated investment options offered by large financial institutions. One such product is now being offered by ProFunds, a firm that offers a diverse lineup of mutual funds. It has now launched the first publically available Bitcoin mutual fund in the United States. The fund would
The rising demand for Bitcoin has made way for various regulated investment options offered by large financial institutions. One such product is now being offered by ProFunds, a firm that offers a diverse lineup of mutual funds. It has now launched the first publically available Bitcoin mutual fund in the United States. The fund would
Senator Elizabeth Warren who is a known crypto critic appeared on CNBC to talk about regulations around the digital asset market. During her interview she said digital currencies in a way can help where major banks have failed in all these years. Warren was talking about how digital currencies can help bank the unbanked. “One
Senator Elizabeth Warren who is a known crypto critic appeared on CNBC to talk about regulations around the digital asset market. During her interview she said digital currencies in a way can help where major banks have failed in all these years. Warren was talking about how digital currencies can help bank the unbanked. “One
Xrp, the sixth-largest cryptocurrency by market cap registered a 20% price rise over the past couple of hours. The price boost has helped the altcoin to break out of month-long slumber and record a new monthly high of $0.7518. The current price boost is believed to be influenced by the latest announcement from Ripple. The
Xrp, the sixth-largest cryptocurrency by market cap registered a 20% price rise over the past couple of hours. The price boost has helped the altcoin to break out of month-long slumber and record a new monthly high of $0.7518. The current price boost is believed to be influenced by the latest announcement from Ripple. The
When the second wave of Covid run havoc in India leading to the extreme shortage of medical supply and hospital infrastructure, the crypto community came forward for help. Indian crypto entrepreneur and co-founder of Ethereum second-layer scaling solution Polygon (earlier Matic) Sandeep Nailwal launched a crypto covid relief fund. The relief fund was created in
When the second wave of Covid run havoc in India leading to the extreme shortage of medical supply and hospital infrastructure, the crypto community came forward for help. Indian crypto entrepreneur and co-founder of Ethereum second-layer scaling solution Polygon (earlier Matic) Sandeep Nailwal launched a crypto covid relief fund. The relief fund was created in
Ripple, the blockchain firm behind XRP cryptocurrency is expanding its popular on-demand liquidity (ODL) services in the Asia Pacific region with the launch of the first-ever live ODL in Japan, the firm announced today. Japan is Ripple’s biggest market for remittance business and its RippleNet technology is quite popular in the region. The ODL services
Ripple, the blockchain firm behind XRP cryptocurrency is expanding its popular on-demand liquidity (ODL) services in the Asia Pacific region with the launch of the first-ever live ODL in Japan, the firm announced today. Japan is Ripple’s biggest market for remittance business and its RippleNet technology is quite popular in the region. The ODL services
Binance, the world’s leading crypto exchange is planning to establish multiple regional headquarters around the globe, said the CEO of the exchange Changpeng Zhao. The comments came in light of growing global regulatory scrutiny against the crypto exchange. It is currently facing regulatory actions in nearly a dozen countries including Hong Kong, Thailand, and Itlay.
Binance, the world’s leading crypto exchange is planning to establish multiple regional headquarters around the globe, said the CEO of the exchange Changpeng Zhao. The comments came in light of growing global regulatory scrutiny against the crypto exchange. It is currently facing regulatory actions in nearly a dozen countries including Hong Kong, Thailand, and Itlay.
Fireblocks, the blockchain startup that offers crypto infrastructure solutions including wallets, exchange, and custody services has closer to a $310 million Series D funding round, that tripled its valuation to over $2 billion. The crypto infrastructure provider has become the latest startup to solidify its Unicorn status. The Series D funding round was led by
Fireblocks, the blockchain startup that offers crypto infrastructure solutions including wallets, exchange, and custody services has closer to a $310 million Series D funding round, that tripled its valuation to over $2 billion. The crypto infrastructure provider has become the latest startup to solidify its Unicorn status. The Series D funding round was led by
