Blockchain & crypto news from India
The citizens of Afghanistan have reportedly turned to cryptos to surpass the financial crisis that struck past the Taliban’s occupation of their nation last August. From cash crunches to the closure of banks and other financial institutions in an economy that depends primarily on cash transactions, the list of problems was unending. With non-governmental institutions…
Intel is investing in blockchain technology with a latest chip designed to mine cryptos. On Friday the chipmaker said that it will start selling the chip customized to mine Bitcoin and other cryptos later this year. Block, (previously Square) and two mining businesses, Grid Infrastructure and Agro Blockchain, are among the first customers. Mining is…
On 1st February, while announcing the Budget 2022, Finance Minister Nirmala Sitharaman announced something unexpected. Sitharaman said income from the virtual or digital assets (cryptocurrency) will be taxed at @30%. In addition, @1% TDS (tax deducted at source) will also be levied by the government on these investments. The 30% taxation is retributive tax, harshly…
On Tuesday morning, Finance Minister Nirmala Sitharaman confirmed that RBI (Reserve Bank of India) will launch a digital rupee soon. The digital currency by RBI will be based on blockchain technology the tech behind Bitcoin and other famous cryptocurrencies. FM said that the digital rupee will be issued by 2022-23 without offering any clarity on…
Cryptocurrencies have grown substantially over the last decade. This growth has buzzed up a lot of different questions. One of them is about the difference between crypto coins and tokens. So, in this article, we will differentiate between both of them. What are crypto coins and tokens? A crypto coin is the electronic version of…
On Wednesday night, cryptos including Ethereum, Bitcoin, Solana, Cardano and Terra slipped steeply after the US Federal Reserve released minutes of its December meeting in which the Central Bank hinted it could begin increasing interest rates to handle challenging high inflation. On November 11, 2021, Bitcoin touched an all-time high of $68,749. It has outperformed…
Super app CyrptoWire has introduced IC15, the first crypto index of India. On Monday, the firm said that IC15 will track the liquidity and market capitalization of the top 15 global digital currencies. It added that the IC15 is a rule-based broad market index by market capitalization that computes the performance of 15 extensively traded…
The largest bank in Russia, Sberbank has launched what it said is the nation’s first exchange traded fund (ETF) to offer exposure to firms involved in the blockchain industry. In a statement, the bank said that called the Sberbank Blockchain Economy ETF, the fund from Sber Asset Management trades on the Russian stock market under…
On Wednesday the official Xinhua news agency said that it will issue a digital media photo collection through NFTS (non-fungible tokens), a first for China and an upsurge for the blockchain technology that supports them and that Beijing has earlier criticized. Regarded as digitized ownership certificates, NFTs have earned fame across the globe this year,…
Just after giving up the chief executive position of Twitter Inc., Bitcoin lover Jack Dorsey has taken to the service he co-founded to express his annoyance with so-called Web3 technology and the participation of venture capital companies such as Andreesen Horowitz. A still vague term for decentralized, blockchain-based systems and tech that are curated to…