Blockchain & crypto news from India
The US’ NRCC (National Republican Congressional Committee), the United States House Republicans’ campaign arm told it will be receiving donations in digital currency. The organization told it would be the first national party committee to accept donations via virtual currency like Bitcoin, which it told would aid it to support Republican candidates in midterm elections…
Bitcoin is getting more privacy features as scrutiny increases over the use of crypto during a current series of ransomware attacks. This past weekend the most important update in 4 years to the computer software that supports the world’s largest digital token was accepted with a small fanfare. In previous years, fights among the groups…
Bitcoin escalated over $39,000 after Elon Musk said that Tesla Inc. may restart transactions with the digital currency when mining is carried out with more clean energy. Tesla’s CEO, Musk said that the e-car manufacturer will allow Bitcoin transactions again upon confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend….
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…
Cryptocurrency exchanges in India are reportedly considering approaching Supreme Court to sort out problems they’ve had with central banks currently. Most of the crypto exchanges in the nation have had to stop taking rupee deposits in India, as banks withdrew their services after an informal notice from India’s central bank – the Reserve Bank of…
For the unversed, May 22, i.e., today, is marked as the anniversary of the first Bitcoin transaction. According to the New York Times, a programmer, Laszlo Hanyecz bought two Papa John’s pizzas for 10,000 Bitcoins from another person in Florida on this day in 2010. The day has become folklore, not because of the deal,…
On Wednesday, cryptocurrency markets witnessed a downturn, with major currencies crashing rapidly, wiping off as much as $1 trillion from their valuations, which had hit a record high of more than $2 trillion recently. Many analysts seem to believe that the crypto bubble, which grew without reason or rhyme or unsustainably for some time now,…
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…
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 longtime cryptocurrency advocate and billionaire entrepreneur Mark Cuban said that the COVID pandemic proved just how immaterial traditional financial institutions are. Last week, Cuban said that the people in need of money got it the slowest. Mentioning barriers to receiving and cashing stimulus checks during the pandemic, transaction costs, the number of days banks…