Blockchain & crypto news from India
The governments of Germany and the United States have become the focus of public attention following their recent actions involving cryptocurrency holdings. Specifically, the German government has conducted substantial transfers involving Bitcoin, while the U.S. government has initiated the movement of Ether from funds that were seized. These actions have sparked interest and scrutiny within…
The Financial Unit of India (FIU) recently imposed a fine of approximately $2.2 million (18.82 crore INR) on Binance. Binance, the world’s biggest cryptocurrency exchange was fined for providing its services to its Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit said in an announcement on Thursday. Binance functions…
On Thursday, Delta Exchange, a cryptocurrency derivative trading platform, announced that it is going to commence its operations in India. With this launch, Delta Exchange also claims that it is the first and only platform in India that is offering options trading on Bitcoin (BTC), Ethereum (ETH), and other crypto assets. Delta Exchange was founded…
Members of Nigeria’s cryptocurrency community have expressed their strong support for Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules, viewing it as a significant step forward. They emphasize the importance of jurisdictions safeguarding their interests in relation to cryptocurrency projects in order to protect their local currencies. Obinna Uzoije, a data and policy analyst from…
In recent findings, on-chain data revealed that the amount of active Bitcoin addresses has hit a historic low not seen since November 2010. Throughout June, the weekly active wallet ratio experienced a decline, hitting a low of 1.22% and peaking at 1.32%. Notably, the highest ratio for the month was last recorded in November 2010….
The Open Network (TON) represents a highly intricate and advanced blockchain and cryptocurrency ecosystem that operates in close connection with the widely used messaging platform, Telegram. The TON ecosystem is poised to undergo a significant transformation with the forthcoming launch of a new fund. This fund is receiving strong backing from the Bitget cryptocurrency exchange,…
On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround following a week of consecutive net outflows. Data from SoSo Value shows that after seven days of outflows totaling $1.1 billion, the ETFs saw a notable reversal, with net inflows reaching $31 million. On Tuesday, June 25th, the Fidelity Wise Origin…
The Open Network (TON) is a revolutionary platform designed to support blockchain and cryptocurrency activities within the Telegram messenger ecosystem. In an exciting development, the platform is receiving a significant boost through the establishment of the $20 million TON Ecosystem Fund. This fund is being launched in collaboration with Bitget, a prominent crypto exchange, and…
During what has been described as one of the most tumultuous weeks for the crypto market in 2024, the transaction fees for Bitcoin and Ether have plummeted to levels not seen in months. On June 23, the average cost of a Bitcoin transaction hit a low of $1.93 per transaction, marking a significant decline since…
On June 18, 2021, data sourced from the NFT tracking platform CryptoSlam indicated that the Bitcoin network has surpassed the Ronin blockchain, securing the third position in the all-time non-fungible token (NFT) sales rankings. The sales figures for Bitcoin-based NFTs reached an all-time high of $4,271,928,280, surpassing Ronin’s previous record of $4,271,675,550. As a result,…