As the holiday season approaches in India, cryptocurrency exchanges are attempting to attract more retail traders by launching marketing campaigns that encourage citizens to choose Bitcoin as a gift, instead of gold, which is the traditional choice.

Sathvik Vishwanath, the co-founder of the popular crypto exchange Unocoin told the press, “Bitcoin and gift vouchers can be an interesting option for users to consider as more awareness activity is expected across the industry.” To support his claim, Unocoin has partnered with e-commerce websites to enable customers to purchase prepaid gift-vouchers vouchers for online shopping using Bitcoin.

Another exchange, WazirX, is also…


The stock market is volatile at this time, but Bloomberg Intelligence’s Mike McGlone, says that the best way to protect your portfolio is to have a mix of gold, government bonds and Bitcoin.

McGlone, who sees Bitcoin heading to a $100,000 valuation, selected these three ‘safe haven assets’ and observed their performance against the S&P 500 Index. His findings showed that his trio of assets have been outperforming the benchmark Wall Street index at least since the start of 2020.

Furthermore, his Bitcoin-Gold-Bonds index took data from the Grayscale Bitcoin Trust (GBTC), SPDR Gold Shares (GLD) and iShares 20+ T…


The price of the Solana token SOL rose on 30th August to a new record high of $103.06 following a 9.35% intraday rally. The Solana team appear to have sparked this sudden interest by announcing there would be a key, but mysterious, feature launch later this week. This had traders speculating about what it could be.

This new upside for SOL started after Solana started using ‘Ignition’ in all its official social media messaging, however, the team provided few details about the ‘Ignition’ tool, prompting the community to guess that it would be about burning SOL tokens. …


Some investors prefer what is seen as lower risk crypto index funds, but the truth is that by HODLing Bitcoin and Ethereum you will probably enjoy better returns.

Over the past two decades, index and exchange-traded funds (ETFs) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks, as opposed to investing in individual stocks, which increases risk of loss.

This approach has been growing in the crypto system, with products like the Bitwise 10 Large Cap Crypto Index (BITX). The ability to access multiple…


At the weekend, Aave founder Stani Kulechov, tweeted to his followers that his protocol should build “Twitter on Ethereum’’ after Jack Dorsey said he was developing a new Bitcoin-based financial services platform that appears to be very similar to Aave.

A few days prior to this, Jack Dorsey tweeted that Square, his mobile payment company, was creating a new business “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” He pointed out that it would be similar to Seller, Cash App and Tidal. …


Interesting things happening in the world of gaming and tokens this week. According to Cointelegraph, Axie Infinity’s AXS token “went on an impressive parabolic run” to hit a new high of $19.60, as did Small Love Potion (SLP) another token in the Axie Infinity ecosystem.

SLP is minted through gameplay and is a reward for users. It can also be used as a currency to breed Axies, which are NFT-based creatures populating the Axie Infinity world. And in the first week of July, as gamers surged to play the digital battle pet game, its price rose by 102% from $0.127…


Ethereum (ETH) reached $2,350 on Sunday 4th July, which is its highest price since 18th June. It is believed that this recovery is largely due to more stability around the price of Bitcoin alongside Ethereum’s major protocol upgrades. Furthermore, ETH’s $230 million options expiry on Friday appears to have shifted market sentiment in favour of the bulls.

It was also interesting to note that the DeFi market, which is largely built on top of Ethereum, saw cumulative gains of 9% on Sunday. The total market value of DeFi coins is $67.3 billion, according to Coingecko data.

Ethereum’s London hard fork…


Although India’s lawmakers are threatening more crypto crackdowns, this has not stopped Indian investors from pouring $38.8 billion into cryptocurrency over the past year, representing an increase of 19,900%.

According to data from blockchain analytics firm Chanalysis and reported by Cointelegraph and Bloomberg, “crypto investments increased during mid-2020 before going parabolic as the markets surged into new all-time highs towards the end of the fourth quarter.”

Chainalysis also estimates that the total invested in crypto across India grew from $200 million to $40 billion over the past year, and that an estimated 15 million Indians are cryptocurrency holders.

Cointelegraph believes…


This is good news for anyone who is tired of Facebook’s algorithms and those of the other social media platforms collecting your data. Billionaire real estate mogul, Frank McCourt is investing $100 million in a blockchain project that he hopes will democratize social media data. McCourt is also owner of the Los Angeles Dodgers.

Bloomberg reported the story over the weekend saying that McCourt aimed to “rebuild the foundations of social media.” He has called it Project Liberty and it is focused on “the construction of a publicly accessible database of people’s social connections, allowing users to move records of…


First the mercurial Musk tweets that Tesla is accepting bitcoin (BTC) as payment for Tesla cars and the price of BTC shots up. Weeks later he announces that Tesla won’t be taking BTC in payment for the electric vehicles, and the price dives. The reason Musk gave for not accepting it was that mining bitcoin is using too much ‘dirty’ energy. Something he apparently didn’t know before he made his first tweet.

Today, the cryptocurrency press reports that Musk has now laid out a road map for accepting bitcoin, “once there’s confirmation that miners are utilizing clean energy.”

This decision…

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