Blockchain & crypto news from India
A longtime cryptocurrency advocate and billionaire entrepreneur Mark Cuban said that the COVID pandemic proved just how immaterial traditional financial institutions are. Last week, Cuban said that the people in need of money got it the slowest. Mentioning barriers to receiving and cashing stimulus checks during the pandemic, transaction costs, the number of days banks…
A long-time proponent of cryptocurrencies, Tesla’s Elon Musk has sounded a note of caution for investors to profit from the prices of Ethereum, Bitcoin, Dogecoin and others. Musk expressed that while he believes that cryptocurrency could be the future currency, nonetheless, people should not invest their life savings into crypto. Tesla’s CEO warned that first…
Visa has announced that it will start accepting payments in the crypto USD coin directly at end of the March. USD coin is a stablecoin linked to the U.S. dollar with 1 USD Coin pegged to $1. The company’s crypto.com debit cards once required conversion to a conventional currency from digital currencies that Visa accepts….
Curious investors can now jump on the Bitcoin bandwagon easily all because of Coinbase. The famous crypto firm has signed a deal with PayPal that allows people to purchase digital currency using their bank accounts and debit cards that are linked to PayPal. Announcing the partnership, Coinbase said in a post that buying crypto should…
After Tesla’s chief financial officer renewed commitment to the cryptocurrency, Bitcoin traded over $54,000. It gained as much as 1.9%. On Monday Tesla said that from investment the company generated $101 million in income. This aided them to beat estimates by analysts for profit in the first four months of the year. Bitcoin gained after…
Vitalik Buterin, the co-founder of Ethereum, recently posted a link that confirms the transaction to Sandeep Nailwal, an Indian entrepreneur who initiated the campaign. The link is the proof of the transfer of 100 MKR and 100 ETH, which is approx. equal to Rs. 4.5 crore ($606,110). The amount is to be used for COVID-19…
Last week Turkey’s Central Bank imposed a ban on the use of crypto assets in payment. This eventually affected the prices of cryptocurrency assets and Bitcoin. On Friday, Sahap Kavcioglu, Governor of Central Bank said that the Finance Ministry of Turkey is working on creating broader regulations in terms of cryptocurrencies. He further added that…
On Tuesday, Dogecoin, the meme-based cryptocurrency fell after reaching an all-time high. This was after a wild session where fans of the token contemplated a parody use hashtag to strengthen a rally until it lost steam. Ultimately falling 15.4%, Dogecoin reached $0.33. But when it surged all to a record peak during the session, its…
It is a season of adoption for crypto’s. The E11EVEN MIAMI nightclub is set to return fully for operation after a year-long shut down due to the COVID-19 pandemic. The big news, it is set to accept Bitcoin (BTC) as a medium of payment. As announced on Tuesday, E11EVEN MIAMI will be the first major…
Potential and existing crypto users have been speculating day and night about how far Bitcoin will go. In the current bull run, it is already soaring high at $60,000. The value of the coin has nearly grown 9 times from its $6,800 value last year. However, a study conducted on crypto suggests that the crypto…