Blockchain & crypto news from India
In a letter, the Blockchain and Crypto Assets Council has requested a meeting with the inter-bank retail settlements and payments body to understand and discuss the issues around the cryptocurrency trade. BACC has also asked NPCI that many of the cryptocurrency exchanges strictly adhere to NPCI protocols and KYC and asked it to restore the…
Following major drops in Nasdaq Composite and Dow, ETH price has breached the critical $1700 support level that it had tested in the June-August period last year. The last traded price at the current time is around $1570, while BTC is at $28,810. As can be seen in the price chart, this is…
Within months, the sentiments to ban cryptocurrencies in Russia have extensively modified, and at present, key government officials are the ones advocating for ways to incorporate the nascent asset class into the system. In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said that the step to authenticate cryptocurrencies as means of…
In the last decade, we have experienced major growth in the crypto space around the world. According to the website CoinGecko, the valuation of cryptocurrencies surpassed $3 trillion as of November 9, 2021. Bitcoin – by far the biggest cryptocurrency grew more than a third of that, while the next biggest coin Ethereum, got up…
Crypto’s gaining more spotlight and adoption after the CEO of an e-commerce giant publicly asked how to integrate his company with the decentralized finance (DeFi) ecosystem. Shopify CEO Tobi Lutke posted on a Twitter message on Friday asking the DeFi community what “role” Shopify could play in the growing financial vertical. “Hey #DeFi Twitter. What…
The US based cryptocurrency exchange platform Coinbase is planning to set up a business presence in India. They are intending to open an office in Hyderabad, Telangana. Hiring is already on for this. Coinbase is doing so even after knowing about the uncertainty for the digital assets around the country’s stance. The crypto company has…
In March, more than 900k jobs were added in the U.S., exceeding estimates. The estimated figure was 675,000, while 916,000 jobs were added, edging down the unemployment rate to 6% from 6.2%. Areas where gains were made, were from leisure and hospitality, public and private education, and construction. The pandemic changed a whole lot about…
From today onwards, crypto firms in India must report all cryptocurrency transactions to the Indian government. Effective from today, the new disclosure rule states that any company dealing in cryptocurrency will have to reveal their complete crypto holdings to the government. All this has to be disclosed as a part of their financial statements. A…
Better known as NFT, a Non-Fungible Token is a digital concept that is taking the crypto world by storm. Basically, “Non-fungible” implies that it’s unique and can’t be replaced. NFTs are tokens that represent pieces of digital art. Surprisingly, with NFT art, artists, art collectors and musicians are minting money, and at least one artwork…
A crypto asset for the new Internet economy, Basic Attention Token or BAT is a hot topic these days. Based on the Ethereum technology, this utility token is especially meant for the digital advertising industry. Working with the Brave browser, the new token is used to pay users for their attention and publishers for their…