Blockchain & crypto news from India
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…
Blockmagic: Please share with us your early struggles and what inspired you to start this business. Akshay: Sure, so me and my partner Hafez Rahman were working in a different organization. We also had prior work experience, and in the core time of corona, a lot of people started losing jobs. I and Hafez have…
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…
Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent. In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…
The biggest Indian state in terms of GDP, Maharashtra has joined hands with blockchain-based application LegitDoc to issue caste certificates using the Polygon blockchain to inhabitants of the Gadchiroli district. The state government is in the process of unfurling 65,000 caste certificates to help the process of delivering government benefits and schemes. As a part…
Hackers stole crypto worth more than $600 million from a digital ledger used by players of the famous online game Axie Infinity, in a huge digital cash heist disclosed on Tuesday. Interest in crypto has surged, along with its values, but the money has also become a lucrative target for tech-savvy thieves. Ronin Network said…
Opera is preparing to establish a new in-browser crypto wallet support for eight new blockchains in an efficient rollout across its apps and web browsers. Blockchains like Polygon, StarkEx, Ronin, Celo, Nervos, IXO, and Bitcoin will come along with Ethereum. In addition, Opera’s desktop crypto browser can now access Polygon and will shortly plug into the rest….
Ukraine began auctioning off a collection of non-fungible tokens (NFTs) on March 25, expanding a cryptocurrency fundraising push that Kyiv expresses has already organized more than $65 million for its war efforts. The ‘Meta History: Museum of War’ is a series of virtual photos – including silhouettes of warplanes, screengrabs of news, and a cartoon-style…
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…
India has tensed cryptocurrency rules by disallowing losses incurred in a particular digital asset to be set off compared to the income from another version of a crypto holding. As per the views of Pankaj Chaudhary to lawmakers in parliament, the government should not allow tax breaks on infrastructure costs incurred while mining crypto assets…