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…
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….
The largest bank in the nation, Banco Galicia will enable its clients to make investments in Bitcoin and other cryptos. Whereas on the other hand, Brubank, another Argentine bank that operates online, declared that it will also offer cryptos. The rollout of crypto associates services by both financial entities started on Monday, May 2nd. On…
Fidelity to enable investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won’t be able to begin adding cryptos to their nest eggs directly, but later in 2022, the 23,000 firms that utilize Fidelity to administer their retirement plans will have the alternative to put bitcoin…
After El Salvador, Lugano, and Honduras Prospera, the Central African Republic, a significant economic zone in the Latin American country, has also passed a law to accept Bitcoin as legal tender. The National Assembly unanimously released the bill which would make cryptocurrency legal tender in the country. Calixte Nganongo, minister of finance and budget, and Gourna…
If all goes well, it is expected that Ethereum 2.0 will be implemented in 3 stages over at least 3 years. The levels include several technical intricacies, however, the following are the basics: Stage 1 – Start an easier proof-of-stake blockchain operating in parallel with the current system utilizing the Beacon chain. This is to…
A famous crypto wallet provider, MetaMask declared Apple Pay integration to its website and app. While Apple doesn’t support cryptocurrency payment directly, MetaMask users will be redirected to Wyre, a crypto exchange that supports the selling and buying of crypto, users will now have the alternative to make the payment via debit or credit card…
On Monday, the United Kingdom government declared plans to mint its non-fungible tokens, as part of a push towards emerging as a ‘world leader’ in the crypto world. Rishi Sunak, the Finance Minister asked the Royal Mint – the government-owned firm responsible for minting coins for the U.K. – to create and launch the NFT…
President of El Salvador Nayib Bukele received praises from the crypto world the previous year when he vowed to create a tax-free Bitcoin city on the nation’s coast, complete with geothermal energy for mining digital coins from a volcano in the near vicinity. To finance it, Bukele said a crowd of onlookers, the government would…
Colorado will become the first state in the US to acknowledge cryptos for state tax and fee payments. Citizens of the state will be able to pay their income taxes in Ethereum and Bitcoin beginning from as early as June. Governor Jared Polis declared the same a few days ago. To reduce difficulties with volatility…