Blockchain & crypto news from India
A leading decentralized trading platform, Uniswap, has reached a significant milestone by facilitating over $4 billion in cryptocurrency swaps through its user-friendly mobile application. While this trading volume may seem subtle compared to traditional centralized exchanges, it represents a noteworthy contribution to the ever-evolving realms of cryptocurrency and decentralized finance (DeFi). Despite these accomplishments, the…
Over the course of the last week, Solana, an innovative blockchain platform designed to offer rapid, secure, and cost-effective transactions for decentralized applications (dApps), has experienced a significant surge in activity. Notably, Solana’s transaction volume has been escalating at a rapid pace, positioning it to potentially overtake Ethereum in terms of transaction fees within the…
Chainlink has recently announced that its Cross-Chain Interoperability Protocol (CCIP) is now generally available to the public. The protocol is designed to foster more cross-chain connectivity by allowing developers to use CCIP for cross-chain token transfers and arbitrary smart contract messaging across different blockchain networks. This means that developers can now easily transfer tokens between…
Recently, a released data indicating that the total supply of Ether has increased from 120 million on March 12 to 120.1 million on May 7. This small but noteworthy increase marks the first time since September 2022 that Ether supply has turned inflationary, following the highly anticipated Merge transition that moved Ethereum to a proof-of-stake…
In a recent post on X, Vibhu Norby, the CEO of Drip Haus, a company based on the Solana blockchain, has provided a comprehensive analysis of Solana’s recent journey through scalability challenges and significant user growth. The post is an insightful and detailed account of the obstacles faced by Solana and the groundbreaking advancements made…
Tether, the world’s largest stablecoin, recently announced that it is implementing more robust monitoring mechanisms to track the usage of its tokens in the broader crypto markets and payments, in an effort to combat illicit finance. In a statement issued on Thursday, Tether revealed that it has partnered with blockchain analytics company, Chainalysis, to develop new tools…
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
According to a research report published on April 15, the South Korean won has emerged as the world’s most-traded fiat currency against cryptocurrencies in the first quarter of 2024. The report reveals that the won accounted for a whopping $456 billion worth of trading volume on centralized crypto exchanges, surpassing the trading volume of $455…
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…
Bitcoin mining difficulty has recently undergone another adjustment, hitting a new all-time high of 86.4 trillion, according to data from BTC.com. Bitcoin mining difficulty refers to the level of computational difficulty that is required in order to mine a new block of Bitcoin transactions. This difficulty level is adjusted every two weeks to ensure that…