Monthly Archives: December 2021

India to regulate, not ban, crypto: Cabinet documents

Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies. The news sparked panic selling on […]

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5 year study looks at if token rewards can improve HIV patient outcomes in Africa

A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology. A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year. On Nov 1, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an ethics committee and the national commission […]

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Meta Relaxes Facebook’s Cryptocurrency Ad Policy — Says Crypto Continues to ‘Mature and Stabilize’

Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,” the company explained. Meta’s New Rules for Cryptocurrency Advertising Meta, formerly known as Facebook, announced Wednesday new rules for cryptocurrency advertising. Instead of “using a variety of signals to confirm eligibility” for advertising on its […]

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How Bitcoin Rectifies Easy Money’s Destruction of Growth And Prosperity

Central bank interventions in the monetary system – from lowering interest rates to printing money – do not change peoples’ saving and spending behavior: They only redirect it. We live in a highly politicized world today – we spite our neighbors, refuse to watch certain news channels, and increasingly ignore any information which counters our own preconceived views. Our wealth gap in the developed world is rising, and calamities like the pandemic are highlighting and exacerbating those divides. What brought our society to this point? With technological […]

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DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M

A disappointing week of exploits has put a temporary grim cloud over the end of 2021, with BadgerDAO and Huobi-listed MonoX suffering major losses. More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO. Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badger’s losses hitting more than $120 million. The MonoX […]

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Shanghai Man: CZ is wealthiest Chinese person with $90B, NFT yachts, and MonoX hacked

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Top of the food chain This probably wont come as a surprise to anyone in the crypto industry, but Binance founder CZ has been crowned the richest Chinese person in the world. The list appeared in Caijing Magazine, a financial publication based in Beijing. CZ was credited as having a net worth of around $90 […]

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Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair

Ethereum price hit a new all-time high in its ETH/BTC pair and a classic technical analysis pattern suggests the altcoin has a lot more upside. This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further. On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started […]

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Jurors in Billion-Dollar Bitcoin Trial Deadlocked for Days — Hung Jury Could Lead to Mistrial

Jurors in the Kleiman v. Wright trial are currently unable to come to a decision on the high-profile billion-dollar bitcoin lawsuit in Florida. While the judge has told the jury to take time deliberating the case, on Wednesday, the jurors issued a statement that explained they could not “come to a conclusion.” Kleiman v. Wright Jurors Unable to Make a Decision — Judge Issues Allen Charge Extending Deliberation Time Following the Thanksgiving holiday in the United States, jurors from the Kleiman v. Wright case have been deliberating […]

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