Tag: ETHMXN

Paytm CEO Asserts Crypto Dominance, Claims Mainstream Adoption in 5 Years

Amid the wave of panic selling in India, Paytm CEO, Vijay Shekhar Sharma has opted a pro-crypto stance asserting the decentralized sphere’s inevitable development. Sharma spoke remotely at a virtual conference organized by the Indian Chamber of Commerce (ICC) this Thursday, where he levied crypto as Silicon Valley’s answer to Wall Street. While arguing in […]

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South Korea: Crypto Legislation to Induct Virtual Currencies into System Supervision

The latest update in South Korea’s crypto landscape saw the South Korean financial regulatory authorities propose legislative measures on virtual currencies by inducting it under system supervision like other financial industries, such as banking and insurance. Furthermore, the authorities have defined the rights and responsibilities of crypto assets, levying “undue profits” from crypto trading via […]

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Breaking: Crypto Market Hit With Yet Another Crash, Here’s What Happened

The fearmongering continues to affect the fourth quarter’s crypto bull, this time around because of South Africa’s exclusive warning about a rapidly spreading new coronavirus. With the steep drop in global stock markets and the U.S. stock index futures, cryptocurrencies also bore the burn. According to CoinMarketCap, the OG crypto, Bitcoin fell over 4 percent, […]

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Breaking: China May Set Up CBDC Exchange to Push Digital Yuan Use

The latest update in China’s financial ecosystem saw the authorities make yet another attempt to push its Digital Yuan’s use, this time around by setting up a digital asset exchange in Beijing. According to Bloomberg, the guidelines issued by the State Council point towards Beijing’s plans to look into establishing a bourse aka exchange for […]

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Kazakhstan Aims to One Up El Salvador In Clean Bitcoin (BTC) Mining, Here’s the Plan

El Salvador has become a benchmark for other nations on how to integrate Bitcoin (BTC) and use it for the progress of society. The small Central American nation adopted BTC as a legal tender in September this year and soon announced a clean Bitcoin mining facility powered by volcanic energy. The country mined its first […]

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CB Insights Report: Crypto Market Records New High with Over $3 billion in VC Fundings

The $2.6 trillion crypto market is going down in history for its exceptional performance in 2021, being record-breaking for blockchain/crypto financing, experiencing 384% growth as compared to 2020. According to CB Insights, by September of 2021, crypto startups had raised over $15 billion in venture funding, which is 5 times more than last year’s data. […]

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El Salvador President Mocks Sweden’s Anti-Bitcoin Mining Stance

The Salvadoran President, Nayib Bukele recently took to Twitter to comment against Sweden’s long-standing anti-Bitcoin Mining stance. While replying to a tweet that jokingly taunted El Salvador’s Volcanic energy use to mine Bitcoin, Bukele noted that the Swedish authorities might need to wait longer than expected as it would take millions of years for Salvador’s […]

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Bank of Russia proposes Legal Liability on illicit operations with Crypto

Russia’s financial regulators are sticking by their long-standing anti-crypto stance, this time around by pushing the proposal to introduce liability for illegal use of crypto. Last week, in its document with the subject, “Main Directions for Financial Market Development of the Russian Federation”, the Russian Bank proposed manifold economic changes for the period until 2024, […]

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XRP Lawsuit: SEC Denial of Former Comments on Ether is Not Sitting Well with XRP Community

The latest update in the ongoing social media battle fought by the XRP community, regarding the XRP lawsuit, recently saw the community unite to criticize the SEC for an emailed reply from the commission that has been leaked on Twitter. According to the screenshot of the email, the SEC claims that they never made any […]

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Breaking: Grayscale Predicts Metaverse Could Become a Trillion Dollar Industry

Metaverse has overtaken the NFT hype this bull season as more mainstream projects aims to enter the virtual reality world in near future. A Grayscale research report has estimated that the number of Metaverse users have risen by 10X in one and a half year. The report also predicted that if the Metaverse universe continues […]

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