Blockchain & crypto news from India
Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent. In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…
Since the legal status of cryptocurrencies was on the grey side for so long, but finally, the Indian government came up with a solution to regulate cryptocurrencies and NFTs. India taxes crypto In the union budget 2022-2023, the Indian government covers cryptocurrency and NFTs under the “Virtual Digital Assets” umbrella. The government solved the tax-related…
Blockchain technology and its dapps have far and wide implications. In December 2021, Vodafone became a Santa to the United Nations refugees agency, UNHCR. Vodafone has sold the world’s first text message, “Merry Christmas” (which was sent on December 3, 1992), in a an auction on Tuesday for 107,000 Euros ($121,000) as a Non-Fungible Token…
If you are also a crypto lover, you must know how the market’s ups and downs are affected by one tweet or an interview with Elon Musk. His favourable behaviour for cryptocurrencies always motivates investors to trade more. The prices of different cryptocurrencies are hikes at breakneck speed whenever Musk tweets. He is well known…
Uncertainties around cryptocurrencies in India won’t be fading away anytime soon. Known as the Crypto Bill, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, was not listed among the 23 bills in the tentative list of government legislative and financial business to be tabled during the Monsoon Session in the Lok Sabha of…