Crypto Explainers

Tether Cuts Commercial Paper Holdings, Treasuries Exposure Mostly: CTO

Tether Cuts Commercial Paper Holdings, Treasuries Exposure Mostly: CTO

Reuters | Monday May 16, 2022

Tether, the third largest cryptocurrency in terms of market capitalization, said the majority of its reserves are in US Treasuries after having reduced its exposure to commercial paper over the last six months, its Chief Technology Officer Paolo Ardoino said in a Twitter Spaces chat on Thursday.

Bitcoin Has No Future As Payments Network, says FTX's Billionaire Chief: Report

Bitcoin Has No Future As Payments Network, says FTX's Billionaire Chief: Report

Reuters | Monday May 16, 2022

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.

Watch Out For These 10 Altcoins In 2022, They Have Huge Potential

Watch Out For These 10 Altcoins In 2022, They Have Huge Potential

Monday May 16, 2022

Alt coins are those cryptocurrencies other than Bitcoin.

Cryptos Can Lead To "Dollarisation" Of Economy And Against Sovereign Interest: RBI Officials

Cryptos Can Lead To "Dollarisation" Of Economy And Against Sovereign Interest: RBI Officials

Press Trust of India | Sunday May 15, 2022

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top RBI officials.

The Worst Maybe Over For Cryptos, After Rocky Week Shakes Stablecoins

The Worst Maybe Over For Cryptos, After Rocky Week Shakes Stablecoins

Reuters | Sunday May 15, 2022

Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin.

Nigeria's Regulator Sets New Crypto Rules, A Reversal From Last Year's Ban

Nigeria's Regulator Sets New Crypto Rules, A Reversal From Last Year's Ban

Reuters | Sunday May 15, 2022

Nigeria's markets regulator has published a set of regulations for digital assets, signalling a middle ground between an outright ban on crypto assets and their unregulated use.

What Are Stablecoins, The Asset Rocking Crypto Market?

What Are Stablecoins, The Asset Rocking Crypto Market?

Reuters | Sunday May 15, 2022

Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a constant value: stablecoins.

Digital Assets Not Akin To Gambling Or Lottery: Crypto Firm Director

Digital Assets Not Akin To Gambling Or Lottery: Crypto Firm Director

Sunday May 15, 2022

"Virtual Digital Assets (VDAs)...not akin to gambling or lottery as being made out," said Aritra Sarkhel, Director for Public Policy at WazirX, on the government mulling a 28 per cent GST on cryptos.

India's Eros Investments Partners With Dubai's Crypto Regulator

India's Eros Investments Partners With Dubai's Crypto Regulator

Reuters | Sunday May 15, 2022

Eros Investments, run by India's Lulla family, plans to develop Web 3.0 and blockchain businesses out of Dubai as part of a partnership deal to operate under Dubai's new virtual assets regulator, the company said on Tuesday.

Cryptocurrency Explained: What It Is And How It Is Traded?

Cryptocurrency Explained: What It Is And How It Is Traded?

Saturday May 14, 2022

Cryptocurrency, sometimes simply called crypto, can be described as a digital currency that uses cryptography to secure transactions.