Blockchain & crypto news from India
The government of Bhutan has recently initiated the process of moving its accumulated Bitcoin holdings in response to a significant rise in cryptocurrency prices, particularly as Bitcoin has surpassed the crucial $70,000 threshold. Reports indicate that a wallet designated for government use transferred more than $66 million worth of Bitcoin to a deposit wallet on…
Uniswap Labs revealed on October 10th that Uniswap, the prominent decentralized exchange (DEX), has unveiled its own application-specific layer-2 blockchain network named Unichain. This innovative network, currently in the testing phase, is designed to offer accelerated and cost-effective transaction processing, along with advanced interoperability capabilities across various blockchain networks, as stated by Uniswap. As of…
The United States Supreme Court has declined to review a case concerning the ownership of 69,370 Bitcoins, worth approximately $4.38 billion at current market value. These Bitcoins were seized by the US government from the illicit online marketplace Silk Road, which operated on the dark web. Battle Born Investments, a company claiming to have obtained…
Ethereum’s inflation rate has experienced a notable increase, reaching 0.74%. This has prompted concerns about its traditional status as “ultrasound money,” as highlighted in Binance’s October 2024 Monthly Market Insights report. The report delves into the fact that the issuance rate of Ether has reached its peak in a span of two years. This trend…
WazirX, the Indian cryptocurrency exchange, remarked that external parties that are not involved in the platform may try to delay the restructuring process of the crypto exchange for their own personal benefits. WazirX announced in a post on X, that these non-related parties will try and create more uncertainty for the cryptocurrency exchange’s future rather…
On August 16, Bitcoin exhibited a lackluster performance at the opening of Wall Street. The price of BTC remained within a narrow range, failing to show any significant movement, while simultaneously, the gold market reached new record highs. Bitcoin managed to avoid revisiting the lows of $56,000 from the previous day, but it did not…
The Grayscale Ethereum Trust (ETHE) ETF has recently encountered a significant setback, reporting a notable single-day net outflow of $31 million. This substantial outflow represents a return to a negative flow scenario after a short-lived period of stability. The $31 million withdrawal marks a sharp reversal from the previous trend, highlighting a renewed period of…
CoinDCX, one of the country’s biggest cryptocurrency exchanges, has recently announced that the firm has allocated Rs 50 crores as a part of its Crypto Investors Protection Fund (CIPF) which will compensate users for the funds lost in security breaches. This announcement came in just days after WazirX, another of the country’s biggest cryptocurrency exchanges,…
Hong Kong’s digital banks are facing a crucial juncture. Despite their presence in the market, they only command a small share of the financial industry, holding a mere 0.3% of the total assets held by retail banks. This indicates a significant opportunity for growth and expansion in the digital banking sector. One of the significant…
The recent downturn in the cryptocurrency market has been connected to significant selling activity by Jump Trading. These findings were reported by QCP Group, an influential digital asset trading group based in Singapore. In the 24 hours preceding 11:20 am UTC, the value of Ether (ETH) experienced a significant decline, plummeting by over 21% to…