Blockchain & crypto news from India
Two hospitals in the UK are using a distributed ledger to scrutinize the cold storage of temperature-sensitive COVID-19 vaccines. The mass campaign to vaccinate people against COVID-19 is a monumental challenge. Adding to the problem is the fact that some vaccines become useless if not kept at ultralow temperatures. Warwick in central England and Stratford-upon-Avon…
No doubt the entire year 2020 was spent amidst the chaos created by the novel Coronavirus. However, there is still one thing that gained popularity besides this pandemic and that is cryptocurrencies. Delivering a return of over 800% during the financial year 2020-2021, the oldest and biggest cryptocurrency in the world, Bitcoin stole the limelight…
From today onwards, crypto firms in India must report all cryptocurrency transactions to the Indian government. Effective from today, the new disclosure rule states that any company dealing in cryptocurrency will have to reveal their complete crypto holdings to the government. All this has to be disclosed as a part of their financial statements. A…
Just like the two sides of the same coin, cryptocurrency has its advantages and disadvantages. The debate on its usage or ban could be endless. So, in case you are also in doubt about whether to use or not to use bitcoin or Ethereum, this article will help you out. Firstly, as an investment, it…
Better known as NFT, a Non-Fungible Token is a digital concept that is taking the crypto world by storm. Basically, “Non-fungible” implies that it’s unique and can’t be replaced. NFTs are tokens that represent pieces of digital art. Surprisingly, with NFT art, artists, art collectors and musicians are minting money, and at least one artwork…
Call it Eth2, Serenity or Ethereum 2.0, this is the long-anticipated upgrade to the Ethereum blockchain. Intended to boost the efficiency, speed and scalability of the Ethereum network, Eth2 will further enable its previous version to tackle hurdles in addition to increasing the count of transactions. Ethereum 2.0 is designed to be launched in three…
A crypto asset for the new Internet economy, Basic Attention Token or BAT is a hot topic these days. Based on the Ethereum technology, this utility token is especially meant for the digital advertising industry. Working with the Brave browser, the new token is used to pay users for their attention and publishers for their…
While appealing to the Government of India not to ban cryptocurrency, the Internet and Mobile Association of India (IAMAI) has made a good case for regulating digital money. The Association has said that the suggested move will have several adverse effects. It will hit around 10 million Indian crypto customers and ultimately lead to a…
Indian Finance Minister Nirmala Sitharaman recently disclosed some clues about the new Cryptocurrency Bill that will be soon introduced in the parliament. Revealing no explicit intention to ban cryptocurrencies, she informed that the Indian Government will follow a ‘very calibrated’ approach to crypto trading. While sharing information about the bill, the finance minister for the…