Cryptocurrencies, “the digital age money”, are commonly associated with the most advanced technologies and other features of a modern developed country. However, the reality of their mass adoption indicates quite the opposite: crypto is mostly in demand in poor countries with weak economies. Other countries in the Chainalysis ranking – Kenya, Nigeria, Venezuela, Togo, and…

Upcoming Cardano’s upgrade aims to bring in the network new abilities like smart contracts and non-fungible tokens (NFTs), as well as “programmability,” as per founder Charles Hoskinson. However, it could take several months before DeFi protocols come to the mainnet due to a lack of concurrency and tools. Cardano’s big “Alonzo” upgrade rolls out on…

Bitcoin prices have been doing well lately, while other major cryptocurrencies are outshining Bitcoin with their performance. According to CoinDesk price data, Ether, the second-largest crypto asset by market cap, more than doubled in recent months, while Cardano’s ADA token tripled by the same time. That’s why some investors are wondering whether Bitcoin is still…

Cryptocurrencies, “the digital age money”, are commonly associated with the most advanced technologies and other features of a modern developed country. However, the reality of their mass adoption indicates quite the opposite: crypto is mostly in demand in poor countries with weak economies. The Chainalysis analytical company has put out its second report (https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index) on…

The Swiss financial regulator announced its approval for Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology. According to a Friday announcement, the long-awaited approval came from the Swiss Financial Market Supervisory Authority (FINMA), greenlighting the advance of the firm’s digital bourse, titled SDX. SIX said…

SOL token of smart contract platform Solana continued its unflagging surge higher in the market on Thursday, as it topped XRP as the 6th most valuable cryptoasset. The altcoin market has seemingly brushed off Monday’s heavy sell-off and continues to forge higher with a range of in-vogue coins printing double-digit percentage gains and some fresh…

The US Securities and Exchange Commission has warned that it will sue Coinbase if it launches a new product Lend that allows users to earn interest by lending their crypto holdings. Coinbase’s CEO Brian Armstrong labeled the agency’s aggressive actions “really sketchy behavior.” According to Bloomberg, the U.S.’s biggest cryptocurrency exchange said it received a…

Sooner or later, but it had to appear – a kind of “testing ground” for developing the most advanced blockchain initiatives, where it is very easy for developers to integrate their project, but there are no stability or security guarantees for it. On August 24, cryptocurrency developers in Polkadot announced that the Kusama network would…

Cryptocurrencies related to DeFi projects have fallen more than Bitcoin and Ethereum during the recent market downturn. Decentralized finance (DeFi) tokens seem to be taking heavy price hits as widespread correction in crypto markets continues today. According to CoinGecko, top DeFi projects, including Aave, Uniswap, Chainlink, and Terra, have lost 20% and more of each…

According to the Economic Times, the Indian government is planning to compartmentalize virtual currencies and their tax treatment based on their use cases —payments, investment, or utility. Although the Reserve Bank of India (RBI) has not granted legal tender status to Bitcoin and other cryptocurrencies, it is eager to charge tax on cryptocurrency investment gains….