Blockchain & crypto news from India
The cryptocurrency market is shambling due to legal notices sent to some leading crypto exchange platforms by FIU (Financial Intelligence Unit India). According to CoinDCX, within a week of the notice being issued, they have observed an increase of 2,000% in cryptocurrency deposits. On the other hand, Mudrex has recorded deposits worth over $1 million…
The approaching merge of Ethereum’s mainnet with the currently running in parallel Beacon chain will bring into focus the biggest question – who controls how much of the staking amounts, and thereby, the rewards to be won by adding new blocks. Twitter user Messari shared a graphic that shows the current staking percentage, and it…
The stereotypical decentralized nature of crypto in contrast to the well-regulated stock exchange is a huge incentive for investors: they can operate free of regulatory rules that is the hallmark of stock exchanges. But how do crypto exchanges work? Here are some of the main features of crypto exchanges. A crypto exchange is simply a…
On June 22, Visa and PayPal led a $300 million fundraising in Blockchain Capital, a crypto venture capital (VC) firm. Additionally, a few other investors and the 2 payments giants will participate in the firm’s strategic partnership program. The organization’s 5th funding round, called ‘Fund V’, was oversubscribed at its $300 million hard limits. According…
A court in the Northern District of California introduced an order that authorizes the IRS to serve a John Doe summons on Payward Ventures Inc. and its subsidiaries d/b/a Kraken (Kraken) looking for info about U.S. taxpayers who did transactions in crypto of at least the equivalent of $20,000 during the years 2016-2020. The IRS…