Blockchain & crypto news from India
On July 5th, the Bitcoin mining difficulty experienced a significant decrease of over 5%, hitting a quarterly low of 79.50 terahashes (79.5T). This reduction represents the most substantial drop since March, when the difficulty briefly dipped below the 80T mark. During the period between March and May, the difficulty showed a remarkable increase, reaching an…
On July 4th, the Financial Supervisory Service (FSS) of South Korea unveiled a new “continuous monitoring system” designed to diligently oversee and detect suspicious cryptocurrency transactions taking place on exchanges. This system is a collaborative effort between the FSS and South Korean digital asset exchanges and is designed to provide ongoing surveillance of abnormal transactions….
The Financial Services and Regulatory Committee (AFSA) of Kazakhstan has given its approval for the trading of Toncoin (TON) on regulated exchanges. This decision comes after an audit that confirmed the digital asset’s compliance with the financial regulator’s listing criteria. Toncoin has been added to the list of 107 cryptocurrencies approved by the government of…
Members of Nigeria’s cryptocurrency community have expressed their strong support for Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules, viewing it as a significant step forward. They emphasize the importance of jurisdictions safeguarding their interests in relation to cryptocurrency projects in order to protect their local currencies. Obinna Uzoije, a data and policy analyst from…
In recent findings, on-chain data revealed that the amount of active Bitcoin addresses has hit a historic low not seen since November 2010. Throughout June, the weekly active wallet ratio experienced a decline, hitting a low of 1.22% and peaking at 1.32%. Notably, the highest ratio for the month was last recorded in November 2010….
The Open Network (TON) represents a highly intricate and advanced blockchain and cryptocurrency ecosystem that operates in close connection with the widely used messaging platform, Telegram. The TON ecosystem is poised to undergo a significant transformation with the forthcoming launch of a new fund. This fund is receiving strong backing from the Bitget cryptocurrency exchange,…
On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround following a week of consecutive net outflows. Data from SoSo Value shows that after seven days of outflows totaling $1.1 billion, the ETFs saw a notable reversal, with net inflows reaching $31 million. On Tuesday, June 25th, the Fidelity Wise Origin…
On June 18, 2021, data sourced from the NFT tracking platform CryptoSlam indicated that the Bitcoin network has surpassed the Ronin blockchain, securing the third position in the all-time non-fungible token (NFT) sales rankings. The sales figures for Bitcoin-based NFTs reached an all-time high of $4,271,928,280, surpassing Ronin’s previous record of $4,271,675,550. As a result,…
During an interview with Cointelegraph at the Bitcoin-only conference, BTC Prague, Tether CEO Paolo Ardoino highlighted the unique nature of Bitcoin among the vast array of cryptocurrencies. Ardoino emphasized the distinctive decentralized nature of Bitcoin that distinguishes it from over 14,000 other cryptocurrencies, making it the only currency that operates without central control. “Bitcoin stands…
MetaMask, a crypto wallet firm, has introduced a staking service that enables users to combine their funds and stake their assets in enterprise-grade validators operated by Consensys, a blockchain software company. This service allows MetaMask wallet users to stake their Ether without having to meet Ethereum’s high minimum requirement of 32 ETH, which is currently…