Blockchain & crypto news from India
The now-defunct Silk Road dark web marketplace was hacked in 2012, leading to the seizure of 50,676 Bitcoin in November 2021, according to the U.S. Department of Justice (DoJ). When it was uncovered last year, the bitcoin, which was acquired in 2012 and valued at $3.36 billion, was worth $1.04 billion. In addition, $661,900 in…
The crypto winter is slowly fading away, and at least one crypto whale has sprung into action. Blockchain.com, which offers wallet and exchange services, is reported to have transferred 74,105 Bitcoins worth over $1.5 billion. A crypto whale is an entity that holds over 10% of the total coins available. In terms of Bitcoins, anyone…
The P2P payment app MoneyGram has begun accepting cryptocurrency for payment and trading in the US. The app will let users transfer bitcoin, Litecoin and Ethereum. The company had earlier been involved in a deal with Ripple that was subsequently quashed. MoneyGram’s announcement on Twitter: MoneyGram announces the launch of a new service enabling consumers…
The Merge on September 15 has been rather a damp squid, though not much was expected either. Staking is now the official way to run validator nodes and earn rewards. How much rewards can stakers expect to earn? What determines how much yield to expect? The following answers these and other questions. Some major Ethereum…
The cryptocurrency markets is showing signs of life, though some describe the current range-bound prices as making for a rather trading experience. For the first time since the Merge, the price of Ether went above $1600. The uptick could be the result of some positive news of abatement in rise in interest rates. Cointelegraph in…
Ether is a second most well-known and popular cryptocurrency after Bitcoin. And if you intend to buy this cryptocurrency, you undoubtedly have the question of how to buy Ethereum. Ethereum is a digital asset and an open-source blockchain that anybody can use to create custom applications. Networks make it possible for anybody to build decentralized…
Bitcoin was made to work through computer networks that verify and validate transactions and maintain a permanent record. But what about places where there are no stable internet connections, and regions where internet is blocked? Closer home in India, there are times when all mobile or internet services are suspended for limited periods. Another big…
The approaching merge of Ethereum’s mainnet with the currently running in parallel Beacon chain will bring into focus the biggest question – who controls how much of the staking amounts, and thereby, the rewards to be won by adding new blocks. Twitter user Messari shared a graphic that shows the current staking percentage, and it…
A recent report by global financial services provider Fidelity Investment has rated bitcoin against gold and cash, and bitcoin has scored in 6/7 features, followed by gold scoring in four and fiat currency in only two features. The report, “Bitcoin First: Why investors need to consider bitcoin separately from other digital assets”, was released in…
Big tech firms have been betting big on evolving technologies, with Meta (formerly Facebook) declaring that it has initiated rolling out non-fungible tokens (NFTs) across 100 nations, including some in the Middle East, Africa, and the Americas.