Blockchain & crypto news from India
Members of Nigeria’s cryptocurrency community have expressed their strong support for Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules, viewing it as a significant step forward. They emphasize the importance of jurisdictions safeguarding their interests in relation to cryptocurrency projects in order to protect their local currencies. Obinna Uzoije, a data and policy analyst from…
The Markets in Crypto Assets (MiCA) law has been finalized by the European Union. Although the text is still officially up for comments, insiders briefed on the negotiations have told CoinDesk that it has been completed. The bill’s provisions may even apply to some assets classified as non-fungible tokens, according to a leaked draft that…
The Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
Whatsapp has introduced a new pilot that allows a ‘limited count’ of individuals in the United States to receive and send money from within a chat using crypto. The feature is powered by Meta’s digital wallet named Novi that introduced as a pilot 6 weeks ago. Also, the payments will be made using Pax Dollars…
Visa, the worldwide payments giant has launched a project that targets to be a ‘universal adapter’ of blockchain that can link various cryptos, central bank digital currencies (CBDC) as well as stablecoin. On Thursday, an official announcement made it clear that the research team of Visa is working on a ‘Universal Payment Channel’ (UPC) initiative,…
Visa has announced that it will start accepting payments in the crypto USD coin directly at end of the March. USD coin is a stablecoin linked to the U.S. dollar with 1 USD Coin pegged to $1. The company’s crypto.com debit cards once required conversion to a conventional currency from digital currencies that Visa accepts….
Tech Mahindra has joined hands with Netherlands-based blockchain application incubator Quantoz to introduce a ‘stablecoin-as-a-service’ blockchain solution for financial institutions and global banks. This collaboration will bring in military-grade security, enable less transaction processing cost and drive faster settlements. Tech Mahindra will aid customers coordinate with Quantoz’ NEXUS platform into their legacy infrastructure. This will…