Category: Blockchain

The Bank of International Settlements (BIS) has called the growth in the decentralized finance (DeFi) ecosystem an “illusion” while detailing the development of the industry in a new report published Monday. The global financial institution whose membership comprises the majority of the world’s Central Banks believes the disillusionment is centred on the wrong premise that the space

Despite the recent progress being made with respect to the regulations of digital currencies in India, a Lok Sabha lawmaker, Nishikant Dubey, advocated that the nation should ban cryptocurrencies rather than embrace these nascent assets through regulation. As reported by the local news channel NDTV, the lawmaker raised the talk in the late hours at the

The United States Treasury Secretary Janet Yellen said that the move by the American Federal Reserve to develop a Digital Dollar or Central Bank Digital Currency (CBDC) can only take place following a general consensus amongst all parties of interest. Speaking at a Reuters’ Next conference interview, Yellen highlighted the White House, central bank, and

Coinbase’s Chief Product Officer Surojit Chatterjee announced the company’s plans to transition into the Amazon Web Services (AWS) of the digital currency ecosystem. Speaking at an exclusive interview with Forbes, Chatterjee detailed the crucial role Coinbase Clouds (Bison Trails) has to play in the company’s future ambitions. “We want to be the AWS of crypto,” said

One of the world’s biggest cryptocurrency trading platforms, FTX Derivatives Exchange, has published a 10-point regulatory proposal aimed at helping American regulators to provide better regulatory oversight of the broader cryptocurrency ecosystem. Contained in a Blog post dubbed “FTX’s Key Principles for Market Regulation,” the trading platform recommended that all aspects of the market, either

Over the weekend, Bitcoin (BTC) plunged to lows of $42,000, a move that stunned the crypto space. Market analyst Holger Zschaepitz noted: “Bitcoin plunges >20% in another sign of global market nerves. The largest digital token fell as low as $42,296 before paring some of the tumble.” The Bitcoin market suffered massive liquidations

The non-fungible tokens (NFTs) sector continues to take the world by storm based on the massive growth experienced. For instance, secondary sales surpassed the $15 billion mark. Mason Nystrom, a research analyst at Messari Crypto, confirmed: “Over the past year, the NFT landscape emerged from a small ecosystem with a few hundred million in

Norwegian Block Exchange (NBX) announced on December 3 that it applied for listing shares on the pan-European stock exchange, Euronext N.V. The announcement is set to make the cryptocurrency exchange become the first crypto platform among the Nordic nations (Finland, Denmark, Norway, and Sweden) to go public by listing its shares on a major stock

The weekend was characterized by a sharp decrease in the Bitcoin price after suffering a 20% drop prompting lows of $42K. BTC funding flipped negative following long liquidations, according to on-chain analyst Dylan LeClair.  The change in funding rate was partly triggered by open interest to the tune of $5.1 billion was closing. Market insight

US Senator Elizabeth Warren questioned bitcoin mining firm Greenidge Generation Holdings about the impact of its operations on power prices, climate change and the local area as part of her efforts to tackle the negative consequences of cryptocurrency mining on the environment. Warren, in a letter to CEO of Greenidge Generation Holdings Jeff Kirt, inquired about the aforementioned concerns on