Blockchain & crypto news from India
When NFTs began selling for millions of dollars, a new industry was created in the crypto universe. The ongoing recessionary trend in worldwide markets have impacted this industry too, and at OpenSea, there was a drop of 99% between May-August this year, says DappRadar. If patents are an indication of signs of life and thriving,…
It’s something crypto holders have always wanted – to be able to pay utility bills and buy stuff with bitcoin and crypto. Spain, where the legal status of cryptocurrencies is not clearly set up, has taken a step forward, with its largest telecom company Telefónica allowing customers to pay bills in bitcoin. Telefónica has partnered…
The Markets in Crypto Assets (MiCA) law has been finalized by the European Union. Although the text is still officially up for comments, insiders briefed on the negotiations have told CoinDesk that it has been completed. The bill’s provisions may even apply to some assets classified as non-fungible tokens, according to a leaked draft that…
Three recent big developments in world adoption of cryptocurrency indicate more and more interest in offering services to crypto investors. The developments come from Israel, France, and Estonia, supported by news from Russia and the US. Israel had renewed its crypto legal rules back in 2016, and has now granted a license to crypto exchange…
Dubai is fast emerging as the friendliest place for cryptocurrency business. The Bitcoin Magazine recently reported the agreement between the Royal Family of Dubai company Seed Group and a crypto exchange in UAE. A tweet also talks about the readiness of ‘a large number of companies’, probably in Dubai, to accept Bitcoin as legal tender…
In order to allow users to trade, buy, and hold more than 60 different cryptocurrencies on the exchanges, the largest cryptocurrency exchange in Eastern Europe, Zonda, has announced its expansion to Denmark. As part of its vision to rule the continent, Zonda, one of the biggest cryptocurrency trading platforms in Eastern and Central Europe, recently…
Has the bear market dented the confidence of investors around the world in cryptocurrencies? Which countries are leading the pack in terms of cryptocurrencies deposited in exchanges and other investing platforms such as De-Fi? Chainalysis will be publishing a full report this October, and in a blog post has given a peek into the major…
Changpeng Zhao, called CZ, the founder and CEO of Binance, gave a speech at the Binance Blockchain Week Paris 2022. In his speech, CZ praised the “excellent” MiCA (Market in Crypto Assets) planned crypto regulations for Europe. The restrictions were a touch too stringent, according to the founder of the biggest cryptocurrency exchange in the…
The open-source, non-crypto based Spartan blockchain network of China has recently onboarded several banks from Hong Kong. A press release shared with the media and reports from CoinDesk reveal that more than 10 banks have been onboarded, including HSBC, Maxim and Emperor Group. The Spartan blockchain does not employ cryptocurrencies. This is considered to be…
While the developing world grapples with how to treat cryptocurrencies and their businesses, Japan is eager to adopt them into mainstream economy and make things easier. The country is looking into reducing the tax burden on crypto ventures that list new coins, as well as crypto investors who currently pay a high capital gains tax….