Blockchain & crypto news from India
The Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
According to industry experts, blockchain requires its own music industry ‘MP3’ moment as fragmented regulation and technology hinder the development of a digital securities industry that could aid realize its full potential. Distributed Ledger Technology (DLT) or blockchain support cryptoassets such as bitcoin and enables several parties to access a single version of data simultaneously….
Opera has declared the integration of Binance Blockchain (BNB) in its cryptocurrency browser. Users will be able to purchase BNB cryptocurrency token with fiat and receive and send it using the built-in Opera cryptocurrency wallet, and access decentralized applications (DApps) including famous decentralized exchanges (DEX) such as 1inch, PancakeSwap, and BiSwap and innovative decentralized finance…
The transaction fee on the Ethereum Blockchain network has gone down over the last few weeks, despite the total number of transactions on the Ethereum network being increased, showing a new data published by Coin metrics gas fee tracker. As per the date, the average gas fee in April stood as high as $42. However,…
In what could mar the mood of the cryptocurrency investors in India, the goods and services tax (GST) Council is expected to mull imposing a 28% tax on cryptos. The proposal is anticipated to be tabled in the upcoming GST Council meeting. As per reports the 28% GST will be in addition to the 30%…
The e-payment giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone. Alipay had previously added digital CNY pay options late last year, with its biggest rival – the Tencent-operated WeChat Pay – following suit…
The National Securities Depository Limited (NSDL), having around 89 percent market share in Demat assets value in India, has revealed Distributed Ledger Technology(DLT), or a blockchain platform for Debenture Covenant Monitoring. The Chairperson of the Securities and Exchange Board of India (SEBI) – Mr. Madhabi Puri Buch, disclosed the blockchain platform to mark the silver…
On Friday, the US announced that it is sanctioning North Korean digital currency mixing company Blender.io, which the nation allegedly uses to launder stolen digital currency and foster cybercrimes. The sanctions, imposed by the Office of Foreign Assets Control of the Treasury Department are the first-ever on virtual asset mixing service. The new sanctions also…
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
The prominent Italian fashion company Gucci has approved the purchase of its high-end handbags and other luxury products using cryptocurrencies. As per Gucci, bitcoin will be allowed as a payment source by the company. The company tweeted, “Starting later this month, customers can pay for the Gucci items with crypto at some of Gucci’s flagship stores, including…