Blockchain & crypto news from India
Recently, a released data indicating that the total supply of Ether has increased from 120 million on March 12 to 120.1 million on May 7. This small but noteworthy increase marks the first time since September 2022 that Ether supply has turned inflationary, following the highly anticipated Merge transition that moved Ethereum to a proof-of-stake…
In a recent post on X, Vibhu Norby, the CEO of Drip Haus, a company based on the Solana blockchain, has provided a comprehensive analysis of Solana’s recent journey through scalability challenges and significant user growth. The post is an insightful and detailed account of the obstacles faced by Solana and the groundbreaking advancements made…
Tether, the world’s largest stablecoin, recently announced that it is implementing more robust monitoring mechanisms to track the usage of its tokens in the broader crypto markets and payments, in an effort to combat illicit finance. In a statement issued on Thursday, Tether revealed that it has partnered with blockchain analytics company, Chainalysis, to develop new tools…
DefiLlama recently released data stating that Jito, a provider of liquid staking and MEV, currently holds the position of Solana’s (SOL) largest project with a total value locked (TVL) of approximately 10 million SOL. Jito was launched in December of last year and distributed $165 million in free tokens through an airdrop. To participate in…
In the early days of cryptocurrency, trading was a relatively unknown activity that required an in-depth understanding of technical concepts. At that time, only a handful of people who had strong technical backgrounds and were interested in cryptocurrencies had the opportunity to engage in this market. The lack of accessibility to trading platforms and the absence…
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
On April 25, Bitcoin’s value fell below $62,000 as a result of the release of “stagflationary” macro data in the United States. This data caused market unrest, and when Wall Street opened, investors were greeted with troubled sentiment. The US Q1 gross domestic product (GDP) came in significantly lower than expected at 1.6%, which added…
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
According to a research report published on April 15, the South Korean won has emerged as the world’s most-traded fiat currency against cryptocurrencies in the first quarter of 2024. The report reveals that the won accounted for a whopping $456 billion worth of trading volume on centralized crypto exchanges, surpassing the trading volume of $455…
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…