Blockchain & crypto news from India
If an influencer has clocked a billion views on TikTok promoting an unknown private coin, does that make the coin authentic and very less likely to be a scam? TikTok is a tech that can be used with destructive power, and influencers are doing their bit to attract crypto investors here. A research by dappGambl…
The retail pilot for RBI’s CBDC, launched December last year, is now in its fifth month. With over five thousand merchants enrolled to participate by eight banks, the e-Rupee is the answer to the rise of cryptocurrencies as a payment medium, and will be the national digital currency of India with the use of a…
Founded recently in August 2022 in Hyderabad, the India Blockchain Forum brings together over forty of India’s well-known experts in blockchain technologies to help make India a blockchain powerhouse, with a special focus on Web3.0. The Forum was formally inaugurated in an official ceremony held on August 21 at the T-hub in the presence of…
The BTC 50DEMA is now kissing the 100DEMA, and that signals a cautious approach. For ETH, if the price continues to move within the downward channel until January, it will signal a downtrend has begun.
One of the most interesting applications of cryptocurrencies will be decentralizing the travel domain. Imagine you can pay anyone, anywhere in the same currency! This again derives from the cross-border, universal nature of cryptocurrencies, doing away with all of the foreign exchange hassles. A young lady recently made news for her newfound ambition — tour the world…
Currently dominated by countries like Mexico, China and India, the remittance market — workers sending money back home — is worth over $500 billion a year, and today, crypto transfers constitute around 15% of all transactions. Venezuel, which has shot its economy in the foot, has just announced a welcome news — its very own crypto remittance platform — Patria Remesa — is now live….
A little quiz to begin with: why is the Bitcoin City (in Slovenia) called so? 1. It is the largest miner of bitcoins 2. Satoshi Nakamoto lived here 3. Some other reason The BTC City (which incorporates the Bitcoin City) is a shopping region owned by one company, whose abbreviation also happens to be BTC — which…
Crowdfunding has taken off in a big way in the last few years or so. But there are restrictions on which countries can participate in fundraising. These are mostly due to the payment processors like Stripe not yet available for countries like India. Can cryptocurrencies, the cross-border, decentralized, democratic means of payment, help? Maybe yes,…
Everyone has heard of or remembers reading about some teenager who became a millionaire post the 2017 Bitcoin tsunami. How many millionaires, or more accurately, BTC addresses with over a million dollars currently exist? Given the sharp fluctuations in BTC prices — this year alone has seen a 200% rise in price — the worth of these addresses is…
A Forbes article cites a report to describe the stage of blockchain today — it’s like where the internet was in the 1990s, when clicking a hyperlink or embedding one was the best of technology. In a recent interview, the co-creator of Ethereum, Vitalik Buterin, described the state of the ETH blockchain as almost full and slow….