Blockchain & crypto news from India
Many firsts are being created during the retail trial phase of e-Rupee, India’s answer to Bitcoin and the onslaught of cryptocurrencies. The latest in the news are payment platforms and retail chains announcing their integration of the CBDC. Reliance Retail has shared it has integrated e-rupee into the Freshpik stores to begin with. This has…
A Forbes report citing data from blockchain analysis indicates that Defi (decentralized finance) platforms and vulnerable cross-blockchain bridges attracted hacking and crypto robbery attempts this year. Chainalysis data shows that over $3 billion worth of cryptocurrencies were stolen with a total of 125 hacking attempts. Nearly half of these came from just five thefts, and…
“One phrase or acquaintance at the Forum can change your life completely,” says the announcement for the 10th Global Forum on blockchain, cryptocurrencies and mining, Blockchain Life 2023, to be held on February 27 – 28 in Dubai. The Forum is created for industry professionals and those who are taking their first steps. The event…
The RBI plays the central role in India for issuing “clean and genuine notes”. Several factors have gone into the making of RBI’s CBDC or e-Rupee, the answer to Bitcoin and cryptocurrencies. The prime concern was security, given that this will be a national currency and the digital counterpart to the rupee. What is e…
Updated: December 3, 2022 India’s Reserve Bank of India is currently running two ongoing pilots to test and evaluate e-Rupee, the CBDC under development. The digital rupee is meant to be a response to the challenges of blockchain-based cryptocurrencies, and aims to take India into the age of virtual money, bringing the country in the…
After announcing the concept of e-Rupee and its pilot for wholesale secondary markets, the RBI has announced the beginning of the pilot phase for retail use of India’s CBDC, the e-Rupee (e₹-R). To study the digital rupee in a retail setting, a closed user group has been formed with merchants and customers. The CBDC is…
The fallout of FTX debacle has sent out red alerts in the crypto trading world, and the stress now is on holding one’s own digital assets in wallets rather than keeping them on exchanges. Trading exchanges have gone a knee-jerk reaction, revealing their owned assets in what are called proof of reserves. Holding one’s crypto…
Updated: Nov 14, 2022 Until a few weeks ago, FTX was making waves with its sports sponsorships. The latest visuals came from the ongoing World Cup T20 cricket tournament in Australia. What has recently emerged from the debacle of FTX was, if we believe it to be true, a comical goof-up – a “poor internal…
Friedrich Hayek was a well-known economist of the Austrian School, and the author of several important works, including ‘Law, Language and Liberty’, a multi-volume edition that carries important ideas on the evolution of social institutions. The basic premise of his ideas is that laws, language, morals, and other such social phenomenon, are natural and spontaneous…
In a press note released yesterday, the Reserve Bank of India (RBI) has announced the beginning of the first pilot of the digital Rupee, called e-Rupee in India. The test area for the pilot is limited to the secondary market where settlement for government securities will be done using the digital rupee. The pilot begins…