Ukraine Becomes Crypto-Friendly Country

After El Salvador made a move on legalizing Bitcoin and administering it as a legal tender, other countries wanted to do the same but couldn’t bring themselves to do it until unless there was a clear financial framework and regulatory oversight which ensures that it is going to work out in the long run. This … Read more

Cardano Founder Suggests Every Country Needs a Crypto Strategy

Founder of Cardano and CEO of IOHK, Charles Hoskinson, has given El Salvador credit for doing such a great job in making Bitcoin legal tender. El Salvador is currently the only place where Bitcoin has been marked as legal tender. The country’s law related to Bitcoin was just introduced this month, ordering all businesses to … Read more

Ark Investment Launches Investment Funds Offering For Canada BTC ETF

A new SEC filing shows that Ark investment will soon launch an offering that allows investors to participate in Canada-based crypto ETF. The proposal remArks that investors must know that this fund offering and a direct bitcoin holding offer similar risks. Risks And Investor Interest It also reiterated that this offering might trade at a … Read more

Bitcoin Whale Buys $23 Million Worth of BTC

Market declines often present themselves as an opportunity for traders to get into the market at a discount. A Bitcoin whale said to own the third-largest Bitcoin wallet has taken advantage of the current dip to buy more of the flagship cryptocurrency. According to reports, his latest purchase is almost 500 BTC valued at $23 … Read more

Crypto Exchange FTX CEO Calls Derivatives Important For Crypto Markets Efficiency

Sam Bankman-Fried, the FTX CEO, recently stated that crypto derivatives are crucial for the purposes of enhancing the efficiency and liquidity of the markets. Sam is FTX’s chief executive regarding cryptocurrency derivatives, and so he believes that these derivatives are, despite the opinions of many, necessary if we are to improve the digital markets’ efficiency … Read more

Grayscale CEO Advises US SEC on Bitcoin ETF

Global asset manager Grayscale continues to mount pressure on the US Securities and Exchange Commission for a Bitcoin ETF. In a recent development, CEO of Grayscale, Michael Sonnenshein shares his thoughts on which he thinks should come first between a Bitcoin Futures ETF and Spot Bitcoin ETF. He also touched upon Bitcoin adoption in El … Read more

Brazilian Police Department Seizes 591 BTC Amid the Biggest Crypto Seizure of the Country

The police department of Brazil seized up to 591 Bitcoins, valuing roughly 150M in Brazilian real and $28.6M, during a crackdown over a suspected scam group. CNN Brazil reported that five persons were arrested by the federal police while doing an investigation Operation Kryptos. The department pointed out that the persons were linked with the … Read more

Three Significant Events That Are Driving ETH Price Pump

The last few days have been eventful for the largest altcoin by market cap, Ethereum. Spearheading the latest developments is the EIP-1559 upgrade that launched on the altcoin’s network earlier in August. The first significant event for Ethereum is registering its first deflationary day on Sept. 3 after more Ether was burned- as proposed by … Read more