Blockchain & crypto news from India
Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…
According to a top executive, Bitmex, one of the top crypto exchanges in the world is launching spot trading in India on Tuesday, despite the uncertainty in the cryptocurrency market and an adverse regulatory environment. The spot exchange will enable Indian users to convert, purchase, withdraw and deposit multiple cryptos instantly. According to the vice…
The Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
After the adoption of the new crypto tax law, the volume of trading on major Indian crypto exchanges has dropped. Info gathered by a Mumbai-based research organization Crebaco and a crypto data generator Nomics revealed this. On April 1, the new tax law became effective. All profits from crypto trading in the nation will be…
Twitter is about to pay its creators in crypto. The American social networking and microblogging service company has collaborated with a financial infrastructure platform Stripe and marketplaces, to launch a pilot payout for creators. Stripe, in a statement, said that now it can instantly pay funds to its freelancers, sellers, content creators, and service providers…
If all goes well, it is expected that Ethereum 2.0 will be implemented in 3 stages over at least 3 years. The levels include several technical intricacies, however, the following are the basics: Stage 1 – Start an easier proof-of-stake blockchain operating in parallel with the current system utilizing the Beacon chain. This is to…
Prominent cryptocurrency exchanges WazirX and CoinSwitch Kuber have blocked rupee deposits for the buying of crypto using a widely-used state-fostered transfer system, provoking users to voice concern on social media. India has spent years on a law to regulate or ban cryptos, with its central bank supporting a ban over their threat to financial stability,…
A famous crypto wallet provider, MetaMask declared Apple Pay integration to its website and app. While Apple doesn’t support cryptocurrency payment directly, MetaMask users will be redirected to Wyre, a crypto exchange that supports the selling and buying of crypto, users will now have the alternative to make the payment via debit or credit card…
Hackers stole crypto worth more than $600 million from a digital ledger used by players of the famous online game Axie Infinity, in a huge digital cash heist disclosed on Tuesday. Interest in crypto has surged, along with its values, but the money has also become a lucrative target for tech-savvy thieves. Ronin Network said…