China Injects Billions to Help Evergrande; How Crypto Can Benefit

The Chinese Central Bank has injected 120 billion Yuan, around $19 billion, into the country’s banking system in an attempt to indirectly bail out the failing Evergrande. As reported earlier in the week, Chinese real estate corporation Evergrande is facing…

SEC Chair Gary Gensler GOES ON THE OFFENSIVE AGAINST CRYPTO, Labeling Stablecoins “Poker Chips”

In an interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler compared stable coins to “poker chips,” a term he has previously used to describe the $2 trillion cryptocurrency industry as “the Wild West.” Furthermore, he argues…

Evergrande Crisis Puts Cryptocurrencies at Risk of Collapsing

The cryptocurrency market took a big hit on Monday morning as various assets fell drastically; with Bitcoin having fallen below $44,000 a coin and Ethereum down to around $3,000. The main culprit behind this drop is the Chinese corporation Evergrande,…

Laos Decides to Dabble in Crypto

As a result of the ongoing pandemic, Laos has seen a drop in tourism, and subsequently, in income. Therefore, the southeast Asian country permitted six companies to mine and trade Bitcoin as a type of trial run program. On September…

SEC Chairman Gary Gensler FUDS COINBASE LISTINGS, Calls them DOZENS OF SECURITIES

SEC chairman Gary Gensler suggested that Coinbase could have securities listed on its site. This comment was made in the midst of an ongoing battle between the SEC and Coinbase over cryptocurrency regulation. The SEC chairman’s remarks on Tuesday have…

Top 5 Reasons Why the Average Person Doesn’t Make Money in Crypto

Making money in the cryptocurrency space can be a tricky thing to do as there are a lot of moving parts and things to consider. The process may leave some investors frustrated at their inability to turn a profit and…

Panama Looking to Legalize Cryptocurrency

Hot off the heels of El Salvador and Ukraine, Panama is going through the process of legalizing cryptocurrency. Panamanian Congressman Gabriel Silva introduced the cryptocurrency bill  titled “Crypto Law: Making Panama Compatible with the Digital Economy, Blockchain, Crypto Assets, and…

Ukraine Starts Its Journey to Utilize Crypto at Full Potential

Ukraine, in its first major milestone en route to greater crypto adoption, approved a bill to legalize all virtual financial assets- including Bitcoin and other cryptocurrencies- last Wednesday. The bill needs to be signed into law by President Volodymyr Zelensky.…

DOT, AVAX Among BIGGEST PUMPERS at the End of the Weekend

DOT and AVAX made big moves recently as Bitcoin and Ethereum slowed. DOT rose from tenth to ninth position in terms of market value, making it the most valuable and one of the largest cryptocurrencies. Polkadot’s price was up 8.48…

Stablecoins for Noobs

What are Stablecoins? Despite the issues around them, stablecoins are becoming a more prominent part of the cryptocurrency market. Almost every week, new stablecoin advances are announced by businesses and protocols. What are the reasons behind the boom? A stablecoin…