Blockchain & crypto news from India
The introduction of Web 3 will significantly impact how we utilize the internet. Gaming is one such arena that will be impacted by Web3. The Web3 objective is to make the internet a place to transfer digital assets in P2P environments and thus building new possibilities for both creators and users in the gaming industry. …
The co-founder of Terraform Labs – Do Kwon, whose crypto ecosystem crumpled in a $40 billion wipeout in May, described to the Wall Street Journal that he yielded almost all his net worth in the crash.
The CBDT (Central Board of Direct Taxes) has shared clear guidelines on the newly introduced TDS on crypto transfers which will be applicable from July 1. The guideline was published on 22nd June evening, and in this blog and we’ll break it down for Blockmagic readers. The Income Tax department has published much-needed guidelines to throw…
Charles Hoskinson, the founder of Cardano (ADA – 3.39%), has announced that the Cardano blockchain would be releasing a whole series of upgrades that will go live by the end of this month. Known as the Vasil hard fork, the upgrades enhance network capacity, thereby enhancing transaction speeds and lowering fees. It will also develop new intelligent…
For the first time in a mainstream sporting event like Paris Olympics, the tickets might be issued on the blockchain! The French Olympic Committee has suggested a blockchain-based ticketing design for the 2024 Olympic Games in Paris. Is there any official report published? In a report consisting of 30 pages, the committee has submitted this…
Over the last several years, governments and organizations worldwide have discovered that mitigating climate change and biodiversity loss challenges are only attainable through innovation. One of the means that could be highly useful in tackling the climate crisis is blockchain. Blockchain could be utilized to ensure sustainable business practices via: Renewable energy As per UN…
The Nigerian stock exchange plans to utilize blockchain for trade settlement. However, at present, young investors are more willing toward the crypto market, and exchanges are not receiving a lot of users. So, Nigerian Exchange Ltd, the largest stock exchange in Nigeria, plans to roll out a blockchain trading platform. Almost every country is considering…
The Indian Institute of Technology (Kanpur) has requested applications for admission into its Professional Certificate Program in Blockchain. The next cohort of the program started on June 9. Candidates can send their applications through the Simplilearn website. As part of this program, candidates will have the opportunity to learn the fundamentals and technical aspects needed…
In the annual report for the year 2021-22, the Reserve Bank of India has said it was proceeding to take the path of a “graded approach” towards the preliminary intro of the Central Bank Digital Currency. It said that the structure of the central digital coin requires to be in line with the goals of…
The Bank of England’s Governer says that cryptocurrencies such as Bitcoin have no intrinsic value, and their utilization for payments is not practical. However, Andrew Bailey acknowledges that the underlying technology “may well lead to things.” His comment adds to a similar but more incriminating assessment of crypto by European Central Bank President – Christine Lagarde this Sunday. …