Blockchain & crypto news from India
Many NFT collectors of India came together near the Ahmedabad Airport to attend a special event, the first of its kind, at the party hall at Club 07. Web3 evangelists and entrepreneurs discussed digital transformation from art to assets to almost everything at the JorrDaar NFT event. But what made it more interesting was that…
The amount of electricity consumed by the largest crypto networks has plummeted by up to 50% as the ‘crypto winter’ resumes eating at the incomes of ‘miners’ and financial infirmity spreads more throughout the industry.
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…
The Bank of England’s Governer says that cryptocurrencies such as Bitcoin have no intrinsic value, and their utilization for payments is not practical. However, Andrew Bailey acknowledges that the underlying technology “may well lead to things.” His comment adds to a similar but more incriminating assessment of crypto by European Central Bank President – Christine Lagarde this Sunday. …
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…
An Overview: African Plastic Waste Crisis The last 30 governments in the continent have restricted their use, with Kenya levying the world’s strictest ban on plastic bags in 2017. Africa has been facing severe flooding, and one of the reasons is the blocking of drainage pipes caused by plastic bags. Every year, more than 15…
In 2021, we saw a massive increase in NFTs’ price, attracting the interest of thousands of investors to these unique digital assets. In addition to collectors and traders, many buyers are speculators, who hope to buy these assets early and sell them for a profit in the future. This article will tell you some trending…
Cryptocurrency has evolved in frontier markets such as Argentina, where an unsteady financial system and decisive government intervention in the country’s economy have pushed many Argentines toward decentralized cryptocurrency. The country’s national currency, the peso, is already highly volatile and subject to a raft of financial controls. As a result, the currency is increasingly demanding…
Ethereum (ETH) outshined bitcoin (BTC) in a ranking of the top cryptocurrencies by realized gains globally, with USD 76.3bn taken out in fiat profits in the previous year compared with USD 74.7bn in realized for bitcoin. The higher profits that ETH holders have discovered are likely a result of the rise of decentralized finance (Defi)…
Blockmagic: Please share with us your early struggles and what inspired you to start this business. Akshay: Sure, so me and my partner Hafez Rahman were working in a different organization. We also had prior work experience, and in the core time of corona, a lot of people started losing jobs. I and Hafez have…