Blockchain & crypto news from India
Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent. In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…
The world economy has been facing diverse challenges from recession due to the COVID-19 pandemic; and now there is the Russia-Ukraine war. COVID-19 dealt a heavy blow to the world economy and many people lost their lives to the pandemic. The recent happenings in Russia-Ukraine are a bit different. Cost of opportunity This is not…
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…
Cryptocurrencies have grown substantially over the last decade. This growth has buzzed up a lot of different questions. One of them is about the difference between crypto coins and tokens. So, in this article, we will differentiate between both of them. What are crypto coins and tokens? A crypto coin is the electronic version of…
Torus Kling Blockchain IFSC, a joint venture between financial management firm Kling Trading India and Cosmea Financial Holdings, is ready to launch Asia’s first cryptocurrency ETF, which will probably be in the crypto market of India by March 2022 in GIFT (Gujarat International Finance Tech) city. Both of these firms have linked a Memorandum of…
Heavy Investor Bill Miller says that cryptocurrencies other than BTC will not give him high returns as Bitcoin is going to give… Why?
The BTC 50DEMA is now kissing the 100DEMA, and that signals a cautious approach. For ETH, if the price continues to move within the downward channel until January, it will signal a downtrend has begun.
If you are also a crypto lover, you must know how the market’s ups and downs are affected by one tweet or an interview with Elon Musk. His favourable behaviour for cryptocurrencies always motivates investors to trade more. The prices of different cryptocurrencies are hikes at breakneck speed whenever Musk tweets. He is well known…
The Chinese government is finding its way through regulation to control the activities in the cryptocurrency market. On Friday, one of the major cryptocurrency exchanges Huobi has ended futures and derivative trading in mainland China as planned. According to previous announcements, Huobi, China’s largest exchange, will today completely shut down futures, contracts, and other derivatives…
Twitter CEO pushes for open, decentralized exchange for BTC High volatility has been a major concern for traders and investors in the crypto space. Despite the fluctuation in prices, especially Bitcoin(BTC) price; the need to adopt cryptocurrency hasn’t reduced with institutions pooling up funds in order not to be left behind in the space and…