Blockchain & crypto news from India
Just one day after the Solana network temporarily stopped on June 1, in an announcement published by Alchemy, the Web3 development platform, and infrastructure provider declared its support for the controversial blockchain. Resulted due to a bug that made it impossible to reach network consensus, the Solana blockchain stopped for around four hours on Wednesday….
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…
Bitcoin (BTC) has been accredited as the leading blockchain use case, portraying the prowess of the technology in successfully delivering a true and immutable decentralized ledger over the past 13years. Adding to the years of innovations since then – that saw the introduction of non-fungible tokens (NFTs), altcoins, decentralized finance (DeFi), and more, a research…
Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…
The Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
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….
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
While addressing an event at Stanford Medicine, Nirmala Sitharaman, the finance minister of India said that India won’t hurriedly finalize a policy on cryptos and virtual digital assets. Rather, the country will make an informed decision after due deliberations across multilateral fora. At a fireside chat organized by the University, the finance minister said while…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
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…