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Crypto investors made $162.7bn in 2021

Crypto investors may have made as much as $162.7bn in gains last year, a new post by analytics firm Chainalysis has claimed. This is a significant increase from 2020 when the firm reported $32.5bn. The increase in gains is associated with the bull run that began...

The Ledger: Secret Service bust crypto fraud, Cherie DeVille takes on crypto

Ireland proposed to suspend political donations in cryptocurrency, adding more accountability for who was donating and under what pretext. Meanwhile, carmakers had to rejuggle their own crypto policies, with EuroSports and Porsche confirming that both companies would...

Australia debuts BTC and ETH ETFs

Australians are soon to follow in the footsteps of Canadians in obtaining direct access to bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). Switzerland-based NFT issuer 21Shares and the Australian asset management firm ETF Securities have announced the...

The Ledger: The big crypto tumble and the Sisyphean struggle

This week we continued to experience the devastating debacle of the cryptocurrency crash that wrote off $42bn of investor funds in stablecoins alone. But as everyone fears that “the end is nigh” and the Terra-Luna crash even rendered some investors suicidal, not all...

Blockchain.com boss optimistic for crypto

The crash of TerraUSD will not be the last of stablecoin and cryptocurrency crashes, Blockchain.com CEO Peter Smith has cautioned. He expects the market to go through more tribulations down the road. According to Smith, the crash of stablecoins and mainstream...

Ex-Ripple advisor addresses US Senate

Former Ripple adviser Michael Barr said on Thursday that the adoption of cryptocurrency technology offered both both opportunities and risks. Barr was nominated by President Joe Biden to be a part of the Federal Reserve’s monitoring of cryptocurrencies. Addressing...

South Koreans keep their faith in Luna

South Koreans are not giving up on Luna, a cryptocurrency that is tied to stablecoin TerraUSD, which in turn is pegged to the value of the US dollar. All would have gone well had it not been for last week’s crash that wiped off more than 90% of the value of TerraUSD...

Crypto lobbyists fear legal crackdown

Lobbyists are hoping to get the ear of US lawmakers to contain the collapse of TerraUSD, which has cost investors billions worth of cryptocurrency already. The Blockchain Association and the Chamber of Digital Commerce, which protects the interests of some of the most...