LUNA, the native token of DeFi network Terra, surged to over $100 on Friday to lead a “Santa rally” in crypto markets. Total value locked in Terra has upped 55% over the past week, with a spike in on-chain activity. Some experts suggest DeFi applications like Anchor allure investors to Terra. Traders took advance of…

The US Securities and Exchange Commission (SEC) rejected on December 23 two proposals by Kryptoin and Valkyrie investment firms for spot Bitcoin exchange-traded funds (ETFs). Rejecting Bitcoin spot-ETFs, the SEC has also disapproved of any creative products such as leveraged or inverse futures backed ETFs. The most remarkable year for cryptocurrencies yet is coming to…

Over 50 countries have banned cryptocurrencies, according to a report from the Global Legal Research Directorate of the Law Library of Congress. The November report served as an update to research published in 2018, found the number of countries banning crypto “increased significantly” since the research first came out in 2018. Since 2018, “the number…

The Filecoin cryptocurrency is primed to join a large family of projects that implement smart contracts, which entails compatibility with Ethereum and the possibility of building DeFi services on this platform. The development team of the Filecoin project (FIL token) starting their own virtual machine is, in my opinion, one of the most important recent…

On Tuesday, crypto exchange Binance signed a cooperation deal with Dubai World Trade Centre Authority (DWTCA), working on setting up an international virtual asset ecosystem. This government-backed Dubai project aims to set up an attractive environment for the crypto industry. As Reuters reported, The Dubai World Trade Centre (DWTC) said on Monday that it will…

After months of development, the first five Polkadot Parachains launched to the Polkadot network last weekend. The feature will allow for multiple blockchain applications on the ecosystem. Some experts suggest the evolution of competing blockchain networks like Polkadot could threaten Ethereum’s spot as the leading chain for DeFi and DApps. The five parachains that went…

Two major Asian cryptocurrency markets – the Persian Gulf and India – seem destined to interact. The combination of Gulf countries’ capitals and a large number of crypto owners and promising crypto-related IT startups in India could prove incredibly profitable. India is a huge region in the middle of a venture capital investment boom. The…

The first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether, worth over $43 million, on OpeanSea. This collection has earned the second spot by trading volume on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. Over the weekend, Adidas’ first NFT effort made over $23 million in Ethereum, from a…

Although VC funds have been rushing to support various crypto startups, much of that money has not gone to Bitcoin-focused companies, notes Bitcoin Magazine. With the printing press in overdrive, there is an ever-increasing amount of fiat looking for a home. In order to avoid being debased and lose purchasing power, capital allocators are charged…

This year, venture capital funds have infused over $30 billion into the crypto sector, which is more than the previous 10 years combined for the new blockchain technology. According to PitchBook Data, that’s almost four-fold the prior high of about $8 billion in 2018, the year following Bitcoin’s 1,300% surge. Fearing to miss out, numerous…