The ‘Indian Warren Buffett’ Urges Regulators to Ban Bitcoin

Amid the clamor for nuanced crypto regulations in India, one billionaire investor appears not to be sold on the value proposition for cryptocurrencies and has advocated for a Bitcoin (BTC) ban. Bitcoin Hangover will be ‘Much Worse’ Speaking to CNBC on Tuesday (Feb. 23, 2021), Rakesh Jhunjhunwala, dubbed the “Indian Warren Buffett,” slammed Bitcoin, calling … Read more

MoneyGram Suspends Trading on Ripple’s Platform, XRP Price Slumps 15%

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC). MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, … Read more

Canada’s First Bitcoin ETF Rakes in Over $400 Million in Assets Within Two Days

North America’s first Bitcoin exchange-traded fund (ETF) has seen impressive results on its first two days of trading, following its recent approval by Canada’s securities regulatory body. Purpose Bitcoin ETF started on a flying note shortly after it began trading on Thursday (Feb. 18, 2021) under the ticker symbol “BTCC” on the Toronto Stock Exchange … Read more

Japanese Giant SBI Holdings Plans to Form Joint Cryptocurrency Venture

Japanese financial conglomerate SBI Holdings revealed that it was planning to establish a joint cryptocurrency venture that would serve as one of the company’s key earners. SBI Expanding Crypto Services According to Reuters on Monday (Feb. 15, 2021), SBI’s founder and CEO, Yoshitaka Kitao, the company was discussing with international financial firms to set up … Read more

Bitcoin More of a Gold Rival Than Actual Currency, Says St. Louis Fed President

Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents. Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency. According to Bullard, … Read more

Verge (XVG) Goes Through an Attempted 51% Attack

Verge, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, causing a massive blockchain reorganization, which wiped off over six months of transactions. 200 Days Worth of Verge Transactions Wiped Off The issue was first revealed by Antoine Le Calvez, chief data engineer at blockchain research company Coin Metrics. Tweeting on February 15, Le Calvez … Read more

Uniswap Surpasses $100 Billion Cumulative Trading Volume Milestone

Uniswap (UNI) has become the first decentralized exchange (DEX) to reach $100 billion in cumulative trading volume as the appetite for the decentralized finance (DeFi) market continues to grow. Meanwhile, the UNI token recently set a new all-time high, with the platform now boasting about $4 billion in total value locked (TVL). Uniswap Crosses $100B … Read more

Mastercard to Support Select Crypto Assets Directly on its Network in 2021

Credit card giant Mastercard said that it would soon start supporting crypto payments on its network later in the year. Mastercard’s Merchants Soon to Accept Crypto According to a blog post by Master card on Wednesday (Feb. 10, 2021), the company revealed that would support a select number of cryptocurrencies in 2021, adding that crypto … Read more

France’s AMF Chairman Calls for New Approach to Proposed EU Crypto Regulations

Robert Ophèle, chairman of France’s financial regulatory body, the Autorité des Marchés Financiers (AMF), proposed a robust approach regarding cryptocurrecy regulations in order to encourage the growth and development of innovative projects. AMF Chairman Proposes Blockchain and DeFi Testing in Pilot Regime Speaking at the just concluded 5th Annual Conference Fintech and Regulation, Ophèle stated … Read more

Apple Should Follow Tesla’s $1.5B Bitcoin Outlay: RBC Capital Markets

BTC is becoming a popular feature on the balance sheets of publicly-listed American companies, with many firms committing a significant portion of their equivalent cash balance to the largest cryptocurrency by market capitalization. Apple Should Buy Bitcoin and Create Exchange Platform According to a client note quoted by Bloomberg, RBC Capital Markets, RBC Capital Markets … Read more