Blockchain & crypto news from India
Recently, a released data indicating that the total supply of Ether has increased from 120 million on March 12 to 120.1 million on May 7. This small but noteworthy increase marks the first time since September 2022 that Ether supply has turned inflationary, following the highly anticipated Merge transition that moved Ethereum to a proof-of-stake…
In a recent post on X, Vibhu Norby, the CEO of Drip Haus, a company based on the Solana blockchain, has provided a comprehensive analysis of Solana’s recent journey through scalability challenges and significant user growth. The post is an insightful and detailed account of the obstacles faced by Solana and the groundbreaking advancements made…
Tether, the world’s largest stablecoin, recently announced that it is implementing more robust monitoring mechanisms to track the usage of its tokens in the broader crypto markets and payments, in an effort to combat illicit finance. In a statement issued on Thursday, Tether revealed that it has partnered with blockchain analytics company, Chainalysis, to develop new tools…
DefiLlama recently released data stating that Jito, a provider of liquid staking and MEV, currently holds the position of Solana’s (SOL) largest project with a total value locked (TVL) of approximately 10 million SOL. Jito was launched in December of last year and distributed $165 million in free tokens through an airdrop. To participate in…
In the early days of cryptocurrency, trading was a relatively unknown activity that required an in-depth understanding of technical concepts. At that time, only a handful of people who had strong technical backgrounds and were interested in cryptocurrencies had the opportunity to engage in this market. The lack of accessibility to trading platforms and the absence…
The Bitcoin price experiences a significant sell-off as today’s downward movement results in the liquidation of numerous BTC and altcoin traders who were caught off guard. Although the decline began early on Friday, it intensified around noon ET, transforming small losses into double-digit declines for numerous cryptocurrencies The price of Bitcoin saw a sudden downturn…
Deutsche Bank’s latest survey on Bitcoin has revealed a noteworthy shift in consumer sentiment towards the world’s leading cryptocurrency. While the survey results show that skepticism among consumers has decreased slightly, it still remains a cause for concern. Interestingly, the survey found that less than one-third of the respondents believe that Bitcoin’s price will experience…
During the current crypto bull market, the value of the top cryptocurrency exchange insurance funds has increased by over $1 billion. To be specific, the balances of Bitcoin, BNB, Tether, and TrueUSD (TUSD) that make up Binance’s Secure Asset Fund for Users (SAFU) have exceeded $2.03 billion as of April 3. This marks a significant…
In the last week, there has been a significant increase in the amount of digital assets flowing into cryptocurrency investment products. The net inflow of funds for this period was $862 million, which is a stark contrast to the previous week where there were net outflows of $931 million. This shift in trend indicates a…
On March 29, the Bitcoin market witnessed the most significant quarterly expiration event of Bitcoin futures options in its history. Despite this, the Bitcoin price managed to hold steady above the $69,000 mark, which is impressive. This indicates that the market remains confident in the future of Bitcoin, despite the high level of activity and…