Blockchain & crypto news from India
Figuring out what cryptocurrencies are is the first step towards bringing them under tax regulations. The Internal Revenue Services of the US is now using the term “digital asset” rather than virtual currency. The change makes the concept much broader in scope, so as to include all blockchain related products that may have the nature…
The year 2022 is turning out to be a good harvest for hackers in the crypto world. The spirits are down with Bitcoin staying below the $20K mark, and the Ethereum Merge failing to have an impact on adoption. Chainalysis has reported 125 hacks till date this year, and says this rate will make 2022…
The European Union’s Markets in Crypto Assets Regulation (MiCA) could prove transformative, CoinDesk has been told, even if some in the industry query whether it will meet its goals of offering a single, clear rulebook for the 27-nation bloc. MiCA would require crypto companies to register with the authorities, to hold sufficient capital to steady…
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technology give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Following a recent meeting with cryptocurrency experts, financial investigators, regulators, and…
Georgia has made itself an attractive destination for cryptocurrency businesses by adopting a crypto legalization bill. Back in 2018, the crypto industry in Georgia was reported to be around 200,000. The recently adopted bill – to go into the parliament for the final nod – makes crypto businesses legal. The inclusion of regulations for digital…
The topic of utilizing cryptocurrencies to get around sanctions came to light earlier this month when a top Iranian trade official revealed that Tehran had for the first time paid a $10 million import bill with an unnamed trade partner using an unidentified cryptocurrency. Alireza Peyman-Pak, the deputy minister of trade and industry, stated in…
The 750,000th #bitcoin block has been mined. As per Buy Bitcoin Worldwide, each day, about 144 blocks get mined, the rewards of which are distributed to miners and mining pools. As of today, around 91% of bitcoins have been mined. Total new bitcoins mined every day (as on August 21, 2022) – 900 Total bitcoins…
Bitcoin mining requires lots of energy. Consequently, ASIC miners yield such immense amounts of heat that they need dedicated cooling systems for heat dissipation. Heat recovery is a low-carbon technology that cuts across various sectors of the economy. Low-temperature heat also known as low-grade heat expelled by miners is needed to heat buildings and homes…
Vladimir Putin, the Russian President, has signed a law banning the use of cryptos or other digital assets as a mode of payment for services and goods in Russia. Doing so has made crypto payments illegal, reconfirming the ruble as the only accepted monetary unit in the Russian Federation.
Over the last several years, governments and organizations worldwide have discovered that mitigating climate change and biodiversity loss challenges are only attainable through innovation. One of the means that could be highly useful in tackling the climate crisis is blockchain. Blockchain could be utilized to ensure sustainable business practices via: Renewable energy As per UN…