Blockchain & crypto news from India
Blockchain technology, earned fame because of crypto craze sweeping the world, is now being implemented to use for academic records verification by CBSE. Marksheets of Board exam of both Std. X and XII will now be stored utilizing blockchain technology with records being preserved by 5 distinct digital registrars in 3 cities across the nation….
The first crypto ATM in Honduras opened this week as bitcoin investors ask for prompt demand for digital assets after neighboring El Salvador became the first nation to accept bitcoin as legal tender. The machine, locally named “la bitcoinera” enables users to get Ethereum and Bitcoin using the local lempira currency. It was set up…
In a world-first, bitcoin becomes a legal tender in El Salvador on Tuesday. This is a real-world experiment that proponents say will reduce commission costs for billions of dollars sent home from foreign countries but which critics alerted may boost money laundering. The plan led by the charismatic, young and famous president Nayib Bukele is…
The postponement in the government establishing the regulation on crypto has given rise to intense lobbying, with agencies anxious over the risks emerging from an unregulated section with utmost price unpredictability, posing a threat to investors, the majority of who don’t understand the instrument. In addition to this, there are issues over the instrument being…
The tax department and buyers are in a dilemma over how to calculate profits on crypto for taxation purposes, especially since tax regulations lurch and there exist disagreement against specific laws and tax is computed on the value declared by the assessee. The big query that’s worrying all is how the profits from crypto assets…
A bug in the most famed software used to verify transactions on the Ethereum platform almost prompted a crisis for the most widely used crypto blockchain in the world. Almost half of the Ethereum network divided into a distinct chain after a flaw in the Geth or Go Ethereum, software affected users who hadn’t executed…
The stereotypical decentralized nature of crypto in contrast to the well-regulated stock exchange is a huge incentive for investors: they can operate free of regulatory rules that is the hallmark of stock exchanges. But how do crypto exchanges work? Here are some of the main features of crypto exchanges. A crypto exchange is simply a…
On Monday, PayPal Holdings Inc. said that it will enable customers in the UK (United Kingdom) to sell, purchase and hold bitcoin and other crypto starting this week. The move which represents the first international expansion of PayPal’s cryptos services outside of the US could further stimulate mainstream adoption of the new asset class. With…
There is a craze about crypto these days and as it is common, hackers and malicious apps are here to take advantage of the current crypto hype. These apps are made to delude innocent users into installing them on their mobile phones. Google has identified 8 such dangerous apps on the Play Store and removed…
Walmart is on the quest to hire a new senior director to develop new digital currency products possibly including crypto payments. The stance reflects a similar interest shown by Walmart’s known competitor Amazon, which intends to hire someone to head up crypto products. The new Walmart senior director position holder will act as the company’s…