Blockchain & crypto news from India
The Bitcoin marathon is becoming unstoppable as it reaches the mark of $60,000 after a wait of 2 years! It increased significantly over a value of 6% merely in 24 hours as reported by Binance. As per CoinMarketCap data, the world’s first cryptocurrency has witnessed a significant surge of over 13% on the weekly chart…
The cryptocurrency market is shambling due to legal notices sent to some leading crypto exchange platforms by FIU (Financial Intelligence Unit India). According to CoinDCX, within a week of the notice being issued, they have observed an increase of 2,000% in cryptocurrency deposits. On the other hand, Mudrex has recorded deposits worth over $1 million…
The use of metaverse is gradually becoming more common in 2024, although it is still waiting for a breakthrough app to encourage widespread adoption. However, it has found its place in the healthcare industry, where it is being used for telemedicine, surgical training, and innovative surgical techniques. This has generated a lot of positive interest…
Popular social media website Reddit has revealed using its excess cash as Bitcoin and Ethereum, seeing their potential significance. Reddit announced in its initial public offering filing with the US Securities and Exchange Commission that it had invested some of its surplus cash reserves in Bitcoin and Ether on Feb 22. Reddit has also been…
In a recent turn of events, the former US president, Donald Trump, has taken a U-turn regarding his assertions on Bitcoin. As he was strongly opposing the cryptocurrency, especially Bitcoin in his tenure, has now accepted the fate that he can “live with it” and acknowledges its demand. During an interview on Fox News, Trump…
Despite controversies, the fully diluted market cap of Ethereum’s much-anticipated layer-2 solution, Starknet, has surpassed $20 billion due to high demand from the airdrop. On February 20, the developers of Starknet decided to distribute around 700 million STRK tokens out of a total of 10 billion to various entities. Within the first 90 minutes of…
After the Bitcoin halving, up to 20% of the current hash rate for Bitcoin could go offline. The block rewards will be cut in half, causing only the most efficient mining rigs to remain. The eight ASIC miner models have eradicated nearly 70% Bitcoin hash rate, as per the latest Galaxy analyst mining reports. According…
As per a recent report by Pitchbook, there’s a 2.5% increase in venture funding for companies related to crypto. The total value in the 4th quarter is worth $1.9 billion, overcoming the third quarter significantly. This sudden increase in crypto funding has been recorded after a long dry spell since March 2022. Moreover, PitchBook reported…
The Bitcoin mining difficulty level has recently surpassed 80 trillion. The mining difficulty level is an estimate of the difficulty of solving the cryptography level in the mining process. The hash rate of the Bitcoin network, which is a measure of the total computational power used by miners, has recently reached 562.81 exahashes per second…
There’s new speculation going around the collaboration between the Hong Kong data centre and the Ethiopian government. This collaboration is taking a turn towards Bitcoin mining and other related activities. A memorandum of understanding has been signed between Data Centre Service, a Hong Kong West data subsidiary and Ethiopian Investment Holdings. Ethiopia and West Data…