Blockchain & crypto news from India
A small handful of countries consistently rank among the top when it comes to rankings for being crypto-friendly to businesses. As 2022 nears its close, Singapore has emerged on top on various metrics, such as the number of crypto businesses, funds raised and activity of venture firms. Singapore was followed by the UK, Cayman Islands,…
The Indian government has a long running program of offering e-governance services at various levels to offer public services. While Indian states have begun adopting blockchain technologies in areas such as property records, there is also the ambitious National Blockchain Project, which aims to develop these e-governance technologies using blockchain as a public and transparent…
The implosion of FTX has not only affected investors who kept their funds on the exchange, but also the wider crypto investing circles. Genesis, described in the past as the “Goldman Sachs of crypto”, is feeling the heat and has suspended withdrawals. However, those tracking on-chain flow of cryptocurrencies point out to positive signals based…
A hub of crypto mining, the New York State has cleared a bill to restrict crypto mining that uses POW mechanism used by blockchains like bitcoin. It is the first state to pass the law to ban some forms of crypto mining which has been under fire for its impact on the environment. A blockchain…
The early losses of star teams like Argentina are reflecting in the fortunes of the fan tokens issued by football teams on platforms like Socios. Argentina’s loss despite Messi’s early goal upset the fans so much that they dumped its ARG token. The price of ARG dropped by over 30%, declining from over $7 to…
Consistency and adherence to best practices depend on the work of international standard-setting organizations. One of the most intriguing technological advancements of our day, blockchain is revolutionizing a wide range of goods and services. The blockchain market could be valued $1.4 trillion by 2030 and increase the world’s gross domestic product by $1.76 trillion. The…
The effects of FTX’s failure were far more severe than anticipated. The market was also impacted by the subsequent hack. The stolen cash were being relocated, albeit it’s still unclear what exactly happened during the hack. Huge sums of money from the $447 million in stolen money have been moving about over the last few…
Thailand has integrated its national trade blockchain with Japanese blockchain TradeWaltz and Singapore’s Networked Trade Platform (NTP). The pilots for NDTP, created with public-private partnership will begin soon in an effort to minimize paperwork and increase ease of doing business. As a test, two pilot but rea transactions between Thailand and Singapore were made, along…
The US bank JP Morgan Chase had filed a trademark for a crypto payment processing wallet under the name ‘JP Morgan Wallet’. Filed primarily under Class 35 and 36, the trademark has been approved, and its primary applications include payment reporting and analytics, electronic transfer of virtual currencies for use by members of an online…
The year 2022 has been a roller-coaster ride for crypto investors and holders in India. The beginning of the new financial year in April brought into place two slabs of taxation that have reportedly brought down trading transactions. Binance’s CZ recently described the overall crypto environment as not a “very crypto-friendly environment” at a conference…