Blockchain & crypto news from India
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…
Indian Finance Minister Nirmala Sitharaman recently disclosed some clues about the new Cryptocurrency Bill that will be soon introduced in the parliament. Revealing no explicit intention to ban cryptocurrencies, she informed that the Indian Government will follow a ‘very calibrated’ approach to crypto trading. While sharing information about the bill, the finance minister for the…
One of the most interesting applications of cryptocurrencies will be decentralizing the travel domain. Imagine you can pay anyone, anywhere in the same currency! This again derives from the cross-border, universal nature of cryptocurrencies, doing away with all of the foreign exchange hassles. A young lady recently made news for her newfound ambition — tour the world…
Currently dominated by countries like Mexico, China and India, the remittance market — workers sending money back home — is worth over $500 billion a year, and today, crypto transfers constitute around 15% of all transactions. Venezuel, which has shot its economy in the foot, has just announced a welcome news — its very own crypto remittance platform — Patria Remesa — is now live….
A little quiz to begin with: why is the Bitcoin City (in Slovenia) called so? 1. It is the largest miner of bitcoins 2. Satoshi Nakamoto lived here 3. Some other reason The BTC City (which incorporates the Bitcoin City) is a shopping region owned by one company, whose abbreviation also happens to be BTC — which…
Crowdfunding has taken off in a big way in the last few years or so. But there are restrictions on which countries can participate in fundraising. These are mostly due to the payment processors like Stripe not yet available for countries like India. Can cryptocurrencies, the cross-border, decentralized, democratic means of payment, help? Maybe yes,…
Everyone has heard of or remembers reading about some teenager who became a millionaire post the 2017 Bitcoin tsunami. How many millionaires, or more accurately, BTC addresses with over a million dollars currently exist? Given the sharp fluctuations in BTC prices — this year alone has seen a 200% rise in price — the worth of these addresses is…