Blockchain & crypto news from India
Nayib Bukele, President of EI Salvador has offered incentives for the crypto community including immediate permanent residency for crypto entrepreneurs and bitcoin investors won’t face any capital gain tax. This has attracted attention from entrepreneurs and investors alike. All this followed his latest announcement to make Bitcoin a legal tender in the nation. Bukele retweeted…
Tesla Boss and Space X CEO, Elon Musk is popular for creating ripples in the global cryptocurrency market with his one tweet. His single tweet sets the price of a coin plunging or soaring high. Currently, the US billionaire posted an image of bitcoin with broken heart emoji, causing its decline. The top-ranked crypto saw…
A deep-tech digital asset management company Nexus Inc. executes and develops Internet of Things-centered solutions for institutions and online platforms globally. The company is delighted to announce the launch of the world’s first Ethereum blockchain network onboard the International Space Station. Its only aim is to provide customers with ultra-secure crypto transactions against worldly hackers….
The Chinese smartphone manufacturer, OnePlus may be planning to venture into crypto. The company was lately found to be surveying its users about blockchain tech and by extension, the need for a crypto wallet. The research aims at receiving users’ comments on crypto. The company is asking users if they’ve used trading platforms like Gemini,…
According to mails sent by prime Indian lenders State Bank of India and HDFC Bank, they have warned their clients against dealing in crypto such as bitcoin. HDFC Bank, in its letter to its customers, told that cryptocurrency dealings aren’t permitted as per Reserve Bank of India’s regulation. The banks have sent mails to specific…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…
After prime private sector banks started commanding payment gateway companies to abort services to many crypto exchanges in India over the past month, Paytm Payments Banks Ltd. (PPBL) had come to rescue the exchanges. But Paytm too has now halted servicing the exchanges via payment gateway channels. The effect was visible and one exchange, Zebpay…
On Wednesday, cryptocurrency markets witnessed a downturn, with major currencies crashing rapidly, wiping off as much as $1 trillion from their valuations, which had hit a record high of more than $2 trillion recently. Many analysts seem to believe that the crypto bubble, which grew without reason or rhyme or unsustainably for some time now,…
A new crypto aptly named STOPELON has been created as a means of stopping Elon Musk from influencing the volatile crypto markets with his Twitter account. Yet another one is Elonmute. Their aim: “to destroy the biggest market manipulator of them all”. The crypto community is at war against Elon Musk with a new project…
Samsung has announced that blockchain users will be able to trade and manage digital assets from 3rd party wallets on Samsung Galaxy smartphones this month. Samsung is not the first company to come out with a blockchain-enabled phone. In 2019, HTC had introduced the first “blockchain phone”, known as Exodus 1. But, the HTC phone…