Blockchain & crypto news from India
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…
Over the recent years, hacks targeting crypto-linked platforms have risen drastically. Lately, a cryptocurrency-gaming ecosystem named Vulcan Forged fell prey to a hack attack, losing around Rs. 1,062 crore ($140 million) worth of cryptocurrency assets. Reportedly, hackers got access to the keys of 96 wallets. This enabled them to steal 23.7% of the circulating supply…
If you are also a crypto lover, you must know how the market’s ups and downs are affected by one tweet or an interview with Elon Musk. His favourable behaviour for cryptocurrencies always motivates investors to trade more. The prices of different cryptocurrencies are hikes at breakneck speed whenever Musk tweets. He is well known…
Apart from unexpectedly good returns, cryptocurrency markets also have many complimentary expenses. One of these significant expenses is a wallet, where you store all your cryptocurrencies in one place. There are two types of wallets; one is hot, and another is cold. Crypto traders generally use hot wallets because they work on software, and investors…
On Wednesday, Facebook announced its decision to end the much-awaited policy that obstructed many crypto firms from running advertisements on its services. The stance comes post the firm, which is now renamed as ‘Meta’, tried and failed to introduce crypto that could be utilized to send money online to anyone worldwide through Facebook products. On…
Tata Steel has accomplished a blockchain-enabled paperless export order with Bangladesh’s metal major. This is the first such transaction accomplished between a counterparty in Bangladesh and an India-based firm. Primarily, Tata Steel, in a global first for the steel industry, had utilized a blockchain platform launched by HSBC to accomplish a trade finance deal with…
Today, SEC or the U.S Securities and Exchange Commission declared the title of the upcoming cryptocurrency panel for its December 2 Investor Advisory Meeting. The title will be ‘Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies’. Earlier, on Nov.15, the Commission declared the meeting would be open to the…
Twitter has always been the hot topic of all discussions around cryptos. It appears that the social media platform understands its importance in the crypto world, as it has now decided to operate on blockchain and crypto solutions for the platform. The announcement comes through a tweet by an engineer who has joined Twitter to…
The famous video games retailer and trade-in outlet, GameStop is serious about its entry into the crypto-world and has posted 8 job listings in the previous week which indicate at a major blockchain and NFT (non-fungible token) expansions. The vision of GameStop for its future was also hinted in one of the listings where the…
Visa, the worldwide payments giant has launched a project that targets to be a ‘universal adapter’ of blockchain that can link various cryptos, central bank digital currencies (CBDC) as well as stablecoin. On Thursday, an official announcement made it clear that the research team of Visa is working on a ‘Universal Payment Channel’ (UPC) initiative,…