Ethereum News

Indian Finance Ministry Preparing Consultation Paper for Crypto Regulations

The Indian government is engaged in consultations with domestic and international agencies on crypto regulations. It expects to prepare a consultation paper and invite public comments on it in about six months, said a senior finance ministry official. “At present, we are engaged in consultation with institutions like the International Monetary Fund (IMF), World Bank,…

Ethereum News

Ethereum’s Optimism Airdropped Governance Token, Here Is How It Went

A very expected launch went live as the governance token OP was airdropped by the Ethereum layer-2 scaling solution Optimism. Why So Optimistic? In a mission to fund public goods and create a sustainable future for Ethereum, the Optimism Collective firmly believes that “positive impact to the collective should be rewarded with profit to the…

Ethereum News

Can Cardano’s smart contracts soon compete with Ethereum?

Cardano is a particularly interesting cryptocurrency that finally implemented smart contracts in its blockchain last year. This caused the price of Cardano’s ADA token to increase massively. Many saw and still see Cardano as the “Ethereum killer”. But can Cardano’s smart contracts lead to Ethereum being replaced in the future? In this article, we discuss whether the smart…

Ethereum News

Indian Police Arrest Man For $200,000 Crypto Fraud

Police arrested a person in the Indian metropolitan city of Mumbai for allegedly cheating several people to the tune of INR 1.55 crore (Appr $199,000) by promising high weekly returns on bitcoin investments, media reports said. Details of the case According to a police complaint lodged by 24-year-old gym instructor Aatish Patil, a customer at the…

Ethereum News

Balenciaga’s Acceptance of BTC and ETH Payments Shows Crypto’s Fast-Moving Pace In The Fashion Industry

Crypto adoption in the fashion industry is on the rise. French fashion house Balenciaga has joined the train as it accepts crypto for payments. Balenciaga Accepts Crypto Balenciaga is now accepting payments in cryptocurrencies, according to a report from Women’s Wear Daily on Monday. Currently, the French fashion house’s motivation for this latest move remains…

Ethereum News

Bank Of England Governor Bullish On Blockchain Technology, Not Crypto

Central banks have released more and more statements on crypto following the Terra ecosystem debacle. For example, recent statements from the Bank of England (BoE) Governor Andrew Bailey reveal that the official thinks very little of cryptocurrencies. Bailey Remains Opposed To Crypto On Monday, BoE governor Andrew Bailey speaking on the Jobs of the Future…

Ethereum News

Cardano, Shiba Inu Post Double-Digit Gains As Bitcoin, Ethereum Mount Ultra-Bullish Rebound

On Monday, Bitcoin led other cryptocurrencies in a spirited rally after an eight-week sell-off that saw the BTC price drop as low as $26,000. As of writing, Bitcoin is up 5.68% to $30,774 in the past twenty-four hours after printing a bullish candle for the third day in a row. The world’s largest cryptocurrency has…

Ethereum News

Circle CEO Believes Crypto Crash Could Speed Up Regulations

The past weeks were a very turbulent one for the crypto markets as all witnessed the crash of the Terra ecosystem amid a market-wide correction. Consequently, Circle CEO Jeremy Allaire has said that recent events will speed up crypto regulations. Market Crash Will Speed Up Regulations Speaking with Yahoo Finance Live on Monday, Jeremy Allaire,…

Ethereum News

Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin Following Terra’s Collapse

Ethereum’s founder has shared two ways for investors to tell if an algorithmic stablecoin is sustainable in the long run. His theories are coming on the heels of TerraUSD (UST) de-pegging from the dollar and the regulatory thunderstorm that followed. He noted that algorithmic stablecoins are inherently risky despite meeting the laid down benchmarks. Stablecoins…

Ethereum News

Institutional Trader Who Correctly Predicted The Crypto Winter Makes Bold Call For A New “Bull Market”

After a seven-month-long brutal market sell-off, the crypto market seems due for a turnaround, pundits have now suggested. After BTC fell below the $50,000 level in late December, the crypto-verse was laden with sentiments of the market stepping into a crypto winter. In the following months culminating in last week’s historical sell-off, the market has…