Blockchain & crypto news from India
Come September, crypto tokens like Ethereum, Bitcoin and others will be taking one of their biggest moves towards legitimacy. A new digital registry is being developed that will add distinctive identifiers to these digital tokens. DTIs (Digital token identifiers) are being launched to monitor the movement of cryptos according to the International Organization for Standardization…
On Monday, PayPal Holdings Inc. said that it will enable customers in the UK (United Kingdom) to sell, purchase and hold bitcoin and other crypto starting this week. The move which represents the first international expansion of PayPal’s cryptos services outside of the US could further stimulate mainstream adoption of the new asset class. With…
Walmart is on the quest to hire a new senior director to develop new digital currency products possibly including crypto payments. The stance reflects a similar interest shown by Walmart’s known competitor Amazon, which intends to hire someone to head up crypto products. The new Walmart senior director position holder will act as the company’s…
Mudrex, an Indian crypto-asset management company intends to make crypto investments easier. In a seed round led by Nexus Venture Partners, it has raised $2.5 million (approx. Rs. 18.5 crores). Nexus has a number of investments in India including Unacademy, Zomato, OLX and many more. The firm had earlier raised $750,000 from Better Capital, Y…
In a reply to a query asked by former Bihar deputy CM and Rajya Sabha MP Sushil Kumar Modi, Nirmala Sitharaman, the Finance Minister, on July 27 informed the Rajya Sabha that the Indian Government isn’t gathering any information on the cryptocurrency market and has no clue about the count of active crypto exchange platform…
On Monday, the popular company Tesla announced that a $23 million bitcoin-related impairment brought about some pull on its quarterly operating income. The well-renowned firm only mentioned crypto or Bitcoin one time in its second-quarter announcement, after Elon Musk, CEO of the company seesawed on whether the firm would accept the digital currency for vehicle…
British artist Adrian Chesterman’s digital artwork that only exists as a high-resolution file that represents the resemblance between cryptos like Bitcoin and traditional money is predicted to exceed its reservation price of $160,000. The Crypto Train, which is now in an online auction specializing in the latest new investment trend, Non-Fungible Tokens (NFTs), was viewed…
At a time when the Reserve Bank of India (RBI) glares at private digital currencies, the suggestion of crypto bank Cashaa to introduce banking operations in India for customers of digital currencies like Bitcoin from next month, through the credit co-operative society route, is interesting to note. Cashaa said that it has introduced the world’s…
The publicity around Paraguay emerging as the 2nd country to legalizing Bitcoin has doing rounds since El Salvador announced crypto as legal tender the previous month. But, a leaked draft of the cryptocurrency bill that Paraguayan congressman Carlos Rejala intends to present in the Chamber of Deputies – similar to Lok Sabha in India –…
This Friday, on July 9th, 2021, International auction house Sotheby’s will accept payment in Ether or Bitcoin at the sale of a 101.38-carat diamond. This event will mark another milestone in the adoption of crypto. The name of the colorless diamond – Key 10138 – is predetermined to represent the important roles that keys occupy…