Blockchain & crypto news from India
On Wednesday, Poly Network, the firm at the center of the hack said that hackers have returned a chunk of the digital loot from a record haul. The company specializing in transferring crypto posted a tweet mentioning it had received about $4.8 million worth of the stolen asset back, expecting more from the online theft…
On Monday, the popular company Tesla announced that a $23 million bitcoin-related impairment brought about some pull on its quarterly operating income. The well-renowned firm only mentioned crypto or Bitcoin one time in its second-quarter announcement, after Elon Musk, CEO of the company seesawed on whether the firm would accept the digital currency for vehicle…
British artist Adrian Chesterman’s digital artwork that only exists as a high-resolution file that represents the resemblance between cryptos like Bitcoin and traditional money is predicted to exceed its reservation price of $160,000. The Crypto Train, which is now in an online auction specializing in the latest new investment trend, Non-Fungible Tokens (NFTs), was viewed…
Turkey is all set to present its draft bill to regulate crypto in the nation as soon as October. Situated at the junction where Asia and Europe meet, netizens in Turkey have taken crypto as a protection against inflation. The new bill may make it very much expensive for firms to enter the crypto world…
Jackson Palmer, co-founder of dogecoin slams crypto and insisted that he shall maintain a distance from the hysteria, calling it ‘an inherently right-wing, hyper-capitalistic technology’ designed to increase the riches of its supporters. He yelled against the crypto world and the ‘wealthy’ associated with it. On Wednesday, he posted on his Twitter page that the…
The publicity around Paraguay emerging as the 2nd country to legalizing Bitcoin has doing rounds since El Salvador announced crypto as legal tender the previous month. But, a leaked draft of the cryptocurrency bill that Paraguayan congressman Carlos Rejala intends to present in the Chamber of Deputies – similar to Lok Sabha in India –…
Indian crypto space has been confronting a revolution for the past couple of years. In spite of the uncertainty in the regulations and extreme volatility, several Indians prefer investing in crypto rather than gold. Around 15 million people in India have invested in crypto. In India, households have more than 25,000 tonnes of gold. Interestingly,…
India is getting closer to regulating crypto within its borders. Nirmala Sitharaman, the country’s Finance Minister said that India’s crypto bill is ready. She further added that the government has taken details from industry stakeholders to get the document ready. She continued that they have done a lot of work on it. They have taken…
This Friday, on July 9th, 2021, International auction house Sotheby’s will accept payment in Ether or Bitcoin at the sale of a 101.38-carat diamond. This event will mark another milestone in the adoption of crypto. The name of the colorless diamond – Key 10138 – is predetermined to represent the important roles that keys occupy…
India and China aren’t the only Asian nations struggling with the fate of crypto. Small players like the Vietnam and Philippines are stepping into the arena as well as the fame of virtual currency continues to increase. As per the Philippines Stock Exchange (PSE), crypto is an asset class that they can’t afford to ignore…