Blockchain & crypto news from India
In bad news for blockchain and bitcoin lovers, the New York State on Friday passed a bill to cease new permits for specific fossil fuel power plants to be utilized in Bitcoin mining. The move sets up a two-year ban on new permits for crypto mining operations that use proof-of-work (PoW) authentication methods to validate…
Accuweather, the American media firm that offers commercial weather forecasts, declared it is binding weather info to blockchain technology by hosting an API3 Airnode. The firm disclosed that it is joining hands with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather info. Accuweather Exec deduces blockchain weather…
The venture capital arm of crypto exchange Binance, Binance Labs has raised $500 million to establish a fund that will invest in blockchain firms and Web3. According to a blog post on Wednesday, DST Global Partners, Breyer Capital, Whampoa Group and other private equity funds all partook in the raise. Binance CEO Changpeng ‘CZ’ Zhao…
On Monday, economic affairs secretary Ajay Seth told the reporters that inflation in India should moderate in the upcoming months and the government is prepared with its consultation paper on cryptos. He added that there should be a global consensus reached on cryptos and the country would monitor the regulations enforced in other nations prior…
A man from Mumbai was allegedly duped of Rs. 1.57 crore in a cryptocurrency investment fraud. The 36-year-old, a resident of Mumbai’s upscale Malabar Hill area, has now charged a website of trapping him into investment in cryptocurrency mining schemes. As per reports, the complainant virtually became friends with the accused in October 2021. The…
In late 2020, Presearch launched its ‘testnet’. Tomorrow, Presearch shifts to ‘mainnet’ with 3.8 million registered users. The project features a search portal, Presearch.com, in addition to mobile applications for Google Play and iPhone, where your searches are private and you earn PRE cryptocurrency for making them. Snap Inc has just cautioned that Q2 earnings…
India will get its very own official digital currency soon. According to a top government source, it will mirror any of the presently available private firm-operated electronic wallets, but with a twist that it will be a sovereign-supported facility. In her budget speech the previous week, Finance Minister Nirmala Sitharaman discussed launching a central bank-backed…
Stripe Inc., a payment company, plans to provide customers access to Bitcoin four years after suspending support for the cryptocurrency. Stripe has teamed up with crypto startup OpenNode to enable its customers to acknowledge Bitcoin payments through a new app, the companies declared on Tuesday. Stripe customers will be able to convert incoming payments and any…
Balenciaga, a prominent luxury brand company, has announced it will promote payments in cryptocurrencies. The French luxury brand, Balenciaga, has said it will enable accepting Ethereum (ETH) and Bitcoin (BTC) as payment methods within the United States. Balenciaga has not given why it will accept Bitcoin as a payment method. However, over the past week, the value…
Bitcoin (BTC) has been accredited as the leading blockchain use case, portraying the prowess of the technology in successfully delivering a true and immutable decentralized ledger over the past 13years. Adding to the years of innovations since then – that saw the introduction of non-fungible tokens (NFTs), altcoins, decentralized finance (DeFi), and more, a research…