Blockchain & crypto news from India
The recent FBI report stated that a majority of investment losses were made through crypto-related frauds in the USA in 2023. According to a recent report released by the Federal Bureau of Investigation (FBI), investment losses involving cryptocurrency significantly increased in the year 2023. The report revealed that the losses rose from $2.57 billion in…
Tether has recently launched a recovery tool for stabilising different blockchains as UTSD touches $100 billion market capitalization. Tether, the blockchain-enabled platform that facilitates the issuance of digital currencies, has recently launched a blockchain recovery plan to ensure uninterrupted access to its USDT token. The plan aims to safeguard against any disruptions that may arise…
In a recent statutory instrument released by the UK government it is stated that starting from the end of April, U.K. law enforcement will have the authority to freeze cryptocurrency assets used in illegal activities without requiring a conviction. On February 29th, a document was published that detailed the recent amendments made to the Economic…
In a recent turn of events, the former US president, Donald Trump, has taken a U-turn regarding his assertions on Bitcoin. As he was strongly opposing the cryptocurrency, especially Bitcoin in his tenure, has now accepted the fate that he can “live with it” and acknowledges its demand. During an interview on Fox News, Trump…
If an influencer has clocked a billion views on TikTok promoting an unknown private coin, does that make the coin authentic and very less likely to be a scam? TikTok is a tech that can be used with destructive power, and influencers are doing their bit to attract crypto investors here. A research by dappGambl…
The retail pilot for RBI’s CBDC, launched December last year, is now in its fifth month. With over five thousand merchants enrolled to participate by eight banks, the e-Rupee is the answer to the rise of cryptocurrencies as a payment medium, and will be the national digital currency of India with the use of a…
Brazil’s Central Bank will launch the country’s CBDC in 2024. Currently the digital Real currency is in the testing phase. The Digital Real is an innovative way to introduce a national virtual currency by simply tokenizing bank deposits. The IMF too has praised this concept. Tokenizing bank deposits is an easy way to introduce digital…
Other than for scams and frauds, cryptocurrency has its uses in the world of charity too. Crypto payments are fast – millions can be transferred from one part of the world to another without too many people in the know. Setting an account is easy, and there are no intermediaries. The usefulness of digital currencies…
While the Western world is in no hurry with the CBDC, two more countries have announced their upcoming CBDC pilots. Japan has been experimenting with the CBDC technology for some time, and will now launch a pilot CBDC in April 2023. The testing phase was done by PoCs, and the pilot will further test the…
The Central Bank of the UAE (CUAE) has announced a transformation program for the emirate’s financial sector, and its nine initiatives include a CBDC. In order to make UAE a “financial and digital payment hub”, the CUAE has launched the Financial Infrastructure Transformation Programme (FIT). The wider aim is to push the CUAE among the…