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Alexei Savatyugin, the Auditor of the Accounts Chamber in the Russian Parliament, has shared concerns about unregulated digital currencies and their risks to investors. The auditor noted that these new asset classes do not have any inherent value as the sentiment in the market often determines their prices. “Those who invest in cryptocurrencies should

Even though Bitcoin (BTC) slipped below the psychological price of $60,000 for the first time in more than two weeks, long-term holders remain unfazed as their accumulation continues to break the record. Daniel Ferraro, a researcher at IntoTheBlock, explained: “Despite BTC touching the mid’s $58K, the long-term investment vision amongst Bitcoin holders remains unfazed.

Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network, as disclosed by Glassnode. The crypto analytic firm stated: “Ethereum’s transaction volume (7d MA) just reached a 5-month high of $391,959,437.60.” High transaction volume on the ETH network is

Some stakeholders are pushing back against the proposed Know-the-Sender (KTS) rule that the South Korean parliament is looking to pass into law. At a public hearing organized by the Political Affairs Committee of South Korea’s legislature on Tuesday, Choi Hwa-in of the Financial Supervisory Service (FSS) sounded a note of caution that the growing blockchain

India is planning to bar the use of cryptocurrencies for payments or transactions, but allow them to be held as assets such as gold, shares, and bonds, according to Reuters media outlets. People familiar with the government’s plan revealed that this approach would enable the Indian authorities to avoid a complete ban on crypto.  Last week, India’s Prime

Tagged as the largest cryptocurrency scam on American soil, the BitConnect fraud scheme siphoned more than $2 billion from investors before going underground in January 2018. Victims might feel relieved as the U.S. Attorney’s Office for the Southern District of California, and the U.S. Postal Investigative Service has been granted a court order to liquidate

Galaxy Digital Holdings, a cryptocurrency investment management firm run by billionaire Mike Novogratz, will not be going public in the US during the last quarter of 2021 as it was initially planned. The New York-based financial services and investment management company announced that it postponed current plans for a US listing but instead will go

NBA team Houston Rockets announced that it will collaborate with the New York Digital Investment Group (NYDIG), a top player in the bitcoin arena. The NYDIG will become the exclusive partner with the Rockets across a range of cryptocurrency services. This partnership aims to expand the Bitcoin ecosystem through visits, education programs, and community support programs; in