• December 20, 2021

    Most cryptocurrencies decline in November due to worries over COVID-19 variant and regulatory pressures

    Most cryptocurrencies declined in November on the back of concerns over the new COVID-19 variant, tax-reporting requirement in the U.S infrastructure bill and China’s increasing clampdown on cryptocurrencies. Performance and Key Metrics Source: Refinitiv U.S’ USD 1 trillion infrastructure bill includes a provision for brokers to report information on crypto traders transacting an amount of over $10,000 to the Internal Revenue Services (IRS). The lack of clarity in the bill on the term ‘broker’ raised doubts about the new regulations...

  • November 17, 2021

    Bitcoin and Ethereum touch all-time high in October

    October marked a record-breaking month for cryptocurrencies with Bitcoin touching its all-time high in October. With bitcoin price soaring, the market cap for bitcoin also breached the 1 trillion threshold. The second largest cryptocurrency – Ethereum, also touched its all-time high of USD 4,402 in October, on the back of upward crypto momentum and a recent technical upgrade to the Ethereum network. Ethereum based meme cryptocurrency – Shiba Inu soared 155% in the last week of October and 1,000% over...

  • November 1, 2015

    Bitcoins – What’s the story now?

    Last year we had published a report (Disruptive Technology: Bitcoins) on the emerging technology of bitcoins. At the time of writing that report, the value of one bitcoin had reached an all-time high of $979 against the US dollar and was touted as an important tool in the future of finance. However, one year down the line, things are not looking bright for bitcoins. It started with the closure of Mt.Gox; one of the biggest bitcoin exchanges and  was followed...