Blockchain & crypto news from India
Cryptography researchers from Stanford University are creating a new privacy-based layer-1 blockchain. As per a new press release, the Espresso System project aims to create a blockchain combining ‘proof-of-stake consensus and a [Zero-Knowledge]-Rollup process to achieve low fees and high throughput’. Espresso Systems has already generated $32 million in funding led by Greylock Partners and…
The United States Federal Reserve is moving ahead with its real-time payment project FedNov Service by initiating with the blockchain infrastructure. The Fed officially introduced the FedNov Service Provider Showcase, targeting to offer financial institutions and users a variety of services to aid them to implement FedNov Service, which launches in 2023. At launch, the…
Manchester City is expanding on the crypto hype. On Friday, the ruling Premier League championships declared a multi-year agreement naming OKX its official crypto exchange partner. The deal, which is OKX’s first foray into the sports space, will include Manchester City’s women’s and men’s teams and its esports operations. It will cover a presence inside…
The social cryptocurrency token GARI has been listed on CoinDCX, one of India’s top crypto exchanges. According to the company, GARI’s listing on the exchange would offer its more than 75 lakh Indian consumers an alternative way to get access to one of the largest projects on the Solana blockchain. More than 1 crore people…
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…
TV Somanathan, Finance Ministry Secretary said that the government policy vis-à-vis blockchain has nothing to with its policy towards virtual digital assets (VDAs) or cryptocurrency. He added that there should not be any worry regarding the use of blockchain in areas apart from currencies or payments. At an event, he said that Government’s policy towards…
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…
Weddings are indeed special occasions. A Tamil couple made it even more special by holding a ‘blockchain wedding’. Belonging from Pune, Shruti Nair and Anil Narasipuram have just conducted their wedding via blockchain. The duo decided to conduct their wedding reception digitally in the metaverse. In a Twitter thread, the couple said they had a…
Sundar Pichai, the CEO of Alphabet Inc. and its subsidiary Google, shared some information on the blockchain strategy of the group during the firm’s Q4 earnings call the previous week. Pichai was inquired about his views on web3 and Alphabet’s strategy to the industry. The CEO started elaborating by saying that anytime there is innovation,…
Since the legal status of cryptocurrencies was on the grey side for so long, but finally, the Indian government came up with a solution to regulate cryptocurrencies and NFTs. India taxes crypto In the union budget 2022-2023, the Indian government covers cryptocurrency and NFTs under the “Virtual Digital Assets” umbrella. The government solved the tax-related…