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Lakshya Baskar

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

Posts by Lakshya Baskar

HSBC

UK Launches Blockchain Pilot for Digital Government Bonds

The UK Treasury chose HSBC Holdings’ blockchain-based system to develop and implement a pilot program for issuing digital government bonds labeled “DIGIT.” HSBC Holdings will utilize its own Orion system to control the issuance, management, and settlement of these securities. This program will take place inside the “digital sandbox” environment

February 12, 2026 2 mins read
Paxful Holdings

DOJ Fines Paxful $4 Million for Illicit Funds Transfers

A U.S. federal court ordered Paxful Holdings Inc. to pay a $4 million criminal fine for its past unlawful operations involving a cryptocurrency exchange platform. The U.S. Justice Department stated that Paxful, a peer-to-peer exchange for Bitcoin, allowed users to conduct illicit transactions for prostitution, fraud schemes, and money laundering.

February 12, 2026 3 mins read
Grayscale

Bitcoin Moves With Tech Stocks, Not Gold, Grayscale Research Shows

Grayscale Investments released a research report highlighting Bitcoin’s recent correlation with technology stocks rather than precious metals. The firm said Bitcoin’s short-term price behavior resembles that of high-growth tech equities. Bitcoin’s decline below $60,000 on February 5 aligned with broader tech sector sell-offs. The research noted that Bitcoin’s peak above

February 11, 2026 2 mins read
Goldman Sachs

Goldman Sachs Broadens Portfolio With Strategic XRP, Solana ETF Stakes

Goldman Sachs had $2.36 billion of cryptocurrency ETFs in its Q4 2025 13F regulatory filing. The disclosure revealed that $1.1 billion was allocated to Bitcoin exchange-traded funds. At the end of the quarter, the bank held $1.0 billion of Ethereum ETF positions. For the first time, Goldman Sachs reported $153

February 11, 2026 2 mins read
federal court

Bankman-Fried Petitions Federal Court for Retrial in FTX Collapse Case

Sam Bankman-Fried has filed a motion seeking a retrial in his ongoing fraud and bankruptcy case against him in a New York federal court. Bankman-Fried filed the motion on February 5, 2026, wherein it was claimed that the bankruptcy was filed improperly due to other lawyers’ intervention. In the motion

February 11, 2026 3 mins read
Indian Cryptocurrency

India’s Crypto Policy Under Scrutiny as Chadha Pushes for VDA Legal Recognition

AAP MP Raghav Chadha addressed the Rajya Sabha, urging the Indian government to legalise Virtual Digital Assets as a formal asset class. He noted that the government has already started taxing digital assets but has failed to accord them the requisite legal classification. Chadha noted that the tax structure requires

February 10, 2026 2 mins read
Vitalik Buterin

Vitalik Buterin Outlines Ethereum’s AI Framework, Pushes Back Against Solana’s Acceleration Thesis

Ethereum co-founder Vitalik Buterin has reacted to Solana’s artificial general intelligence acceleration initiative. He did this through the establishment of his self-sovereign artificial intelligence framework. Speaking on the future of artificial intelligence, Buterin stressed the importance of direction and purpose rather than speed alone. The remarks came in response to

February 10, 2026 3 mins read
Ripple

Ripple Expands Institutional Custody Services With New Security and Staking Tools

Ripple has continued to improve its institutional offering by enhancing its custody offering with strategic partnerships. Ripple transformed its custody offering with the integration of strategic partners. The company also integrated hardware security modules with its custody offering, with a view to providing digital asset protection. Ripple also partnered with

February 10, 2026 2 mins read
Telegram

Telegram Moves Toward Built-In Crypto Payments With TON Pay Launch

TON Foundation has rolled out TON Pay, a new payments SDK designed to incorporate crypto payments into the Telegram ecosystem. TON Pay’s aim is to turn Telegram into a crypto payment system for Toncoin and other cryptocurrencies. TON Pay is a wallet-agnostic payment system for merchants and Mini App developers.

February 9, 2026 2 mins read
Vitalik Buterin

Vitalik Buterin Says ETH-Backed Algorithmic Stablecoins Qualify as ‘True DeFi’

Ethereum co-founder Vitalik Buterin argued that even well-designed ETH-collateralized algorithmic stablecoins still constitute genuine decentralized finance. He clarified that such algorithmic mechanisms can transfer U.S. dollar counterparty risk from users to market makers.  Buterin blasted the notion that USDC deposit yield strategies are representative of true DeFi principles. He suggested

February 9, 2026 2 mins read