Blockchain & crypto news from India
One of the world’s popular anti-virus software makers is including crypto mining in its products in a surprise move. Soon selected Norton 360 customers who are part of the firm’s early adopter program will be allowed to access the program and start Ethereum mining using their computers. The company further clarifies that they don’t know…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…
China has forbidden payment and financial firms from offering services related to crypto transactions. Further, the country has warned investors against speculative crypto trading. In a joint statement, three industry bodies informed on Tuesday that under the ban, institutions like online payment channels and banks must not offer clients any service involving digital currency. This…
On Wednesday, Tesla Inc.’s CEO Elon Musk announced that the company won’t accept Bitcoin for the car purchase. In addition to jokes and memes galore, the value of Bitcoin plunged as much as 15% to just above $46,000 the moment the tweet was posted. This was done due to environmental concerns. As soon as the…
Citing long-brewing environmental concerns Elon Musk announced that Tesla Inc. will not be accepting bitcoin for the car purchase. Btc’s power-hunger has provoked a passionate debate about the energy consumption of cryptocurrencies. While efforts are being made to reduce the carbon footprint of digital currency, some investors are getting inclined towards greener alternatives. In fact,…
A long-time proponent of cryptocurrencies, Tesla’s Elon Musk has sounded a note of caution for investors to profit from the prices of Ethereum, Bitcoin, Dogecoin and others. Musk expressed that while he believes that cryptocurrency could be the future currency, nonetheless, people should not invest their life savings into crypto. Tesla’s CEO warned that first…
The suggested cryptocurrency legislation which is feared by some to ban digital currencies will likely provide an exit window to the existing crypto holders in India owning private entities in case such as move is taken. An official source revealed to the media that the suggested law will be prospective, even though declarations of the…
A co-founder of Argo Blockchain a Bitcoin mining company is about to launch the IPO of a new crypto company. This newly introduced company will focus on decentralized finance. Dispersion Holdings will put money into the decentralized finance sector which uses blockchain technology and cryptocurrencies to remove intermediaries from financial transactions. Through joint braker together…
No doubt the entire year 2020 was spent amidst the chaos created by the novel Coronavirus. However, there is still one thing that gained popularity besides this pandemic and that is cryptocurrencies. Delivering a return of over 800% during the financial year 2020-2021, the oldest and biggest cryptocurrency in the world, Bitcoin stole the limelight…