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The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
NEWS
Binance-owned WazirX exchange in India is once again embroiled in a controversy related to Bitcoin transactions that amounted to 2,790.74 crore rupees. The Directorate…
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Today, we got the chance to chat with Sky Guo, the Co-Founder and CEO at Cypherium. In this interview, we discussed Cypherium’s goals, what…
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Binance-owned WazirX exchange in India is once again embroiled in a controversy related to Bitcoin transactions that amounted to 2,790.74 crore rupees. The Directorate of Enforcement initiated a probe on India’s largest crypto exchange over cross-border payments that they say is against the “law of the land.” Comments from…
Three US lawmakers have sent a letter to the US Olympics Committee urging them to restrict the US contingent from using China’s digital Yuan during the Winter Olympics 2022 in Beijing. The Republican politicians Marsha Blackburn, Cynthia Lummis, and Roger Wicker mentioned in their letter that using the digital…
Ukrainian authorities unearthed an illegal crypto mining operation. The illegal crypto mining operation was run with 5,000 computers (including 3800 PS4 consoles), 500 graphics cards, and 50 processing units. The electricity theft by the illegal crypto mining farm resulted in losses between $186,200 and $259,300 per month to the…
Days after the SEC deferred making a judgment on VanEck’s Bitcoin ETF application, VanEck filed an application for Bitcoin futures mutual fund The proposed mutual fund would make its indirect bitcoin investments through a subsidiary The fund would provide three classes of shares, offering various buying options for diverse…
The crypto market has witnessed significant digital asset outflows due to selloffs around Bitcoin funds. In the third week of June 2021, the total outflows by selling digital assets reached $79 million, marking the longest drawdown stretch since February 2018. The total outflows from Bitcoin funds were $89 million,…
The interest in cryptocurrencies has grown to a large extent since 2020, and Hawaii has recorded the highest search volume in the United States. With a surge of 687% in user interest for cryptocurrencies, Hawaii leads in the United States with the highest interest in cryptocurrencies. With increasing interest…
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