Blockchain & crypto news from India
The government of Bhutan has recently initiated the process of moving its accumulated Bitcoin holdings in response to a significant rise in cryptocurrency prices, particularly as Bitcoin has surpassed the crucial $70,000 threshold. Reports indicate that a wallet designated for government use transferred more than $66 million worth of Bitcoin to a deposit wallet on…
Around 75% of short-term Bitcoin investors are currently experiencing a profit, a situation that could potentially drive Bitcoin’s price even higher. The recent dramatic increase in the value of Bitcoin has been a source of great relief for short-term holders. This group had experienced a substantial decline in the value of their holdings, with over…
On July 26th, there is a possibility that the price of Bitcoin could experience a decline, potentially dropping to around the $63,000 level. This potential drop is attributed to the expiration of a significant amount, over $3.9 billion worth, of Bitcoin futures options at 8:00 am UTC on Deribit, which is recognized as a leading…
Over the past few months, the cryptocurrency market has been marked by substantial fluctuations and uncertainty. Despite a recent increase, the market capitalization remains 14% below its peak in March. In June, the total market capitalization experienced a significant 11.4% downturn, described as “brutal” in a report by Binance Research. This decline coincided with the…
Jack Booth, who serves as the marketing director for The Open Network (TON) Foundation, shared insights on the measures being implemented to secure TON’s Bitcoin bridge. This bridge will provide users with the capability to transfer their Bitcoin assets to TON, ensuring a seamless and secure transition. The TON Foundation made a significant announcement on…
While Bitcoin and other cryptocurrencies have been making waves for the last few years for their high returns (as well as volatility), a quieter player has emerged from the shadows of the computer hardware world to match Bitcoin. Nvidia however is already familiar to the crypto world for providing mining hardware. This time, its huge…
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….
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…
Bitcoin faced a significant downturn, plunging below the $67,000 mark as the markets reacted to the looming inflation report on June 11 at the beginning of the Wall Street trading session. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin hit a new local low of $66,696 on Bitstamp, signaling the lowest point for…
It is possible that the approval of another altcoin exchange-traded fund (ETF) in the United States may be influenced by political changes after the upcoming 2024 U.S. presidential election. Despite the U.S. Securities and Exchange Commission (SEC) granting permission to fund managers to list spot Ether ETFs on May 23, SEC Chair Gary Gensler recently…