Blockchain & crypto news from India
The recent listing of TNQ, an asset-backed token within Trinique’s tokenized ecosystem embodying liquidity, security, and growth on March 20, 2024, marks a significant milestone in the realm of tokenized investments. It aims to provide investors with premier access to innovative blockchain-centric investments across all demographics. Trinique’s journey began with the visionary drive of Dr….
USSD is a censorship-resistant, 10x backed by crypto stablecoin. It is the future of stable coins as the first crypto-backed stablecoin featuring an anti-inflation mechanism. The newly launched Autonomous Secure Dollar (USSD) is the first-of-its-kind stable coin backed only by crypto, and has been launched by David Lee. USSD (Arbitrum) is already working as an…
ZKM, a leading innovator in the realm of zero knowledge technology, is thrilled to announce the much-anticipated Phase 2 launch of their Early Contributor Program: Community Evolution. The launch will bring unique opportunities for developers to actively participate in the open-source advancement of ZKM’s General-Purpose Zero Knowledge Virtual Machine (zkVM). The Early Contributor Program has been a…
Small government services for citizens are slowly incorporating blockchain technologies to reduce paper work and increase efficiency. California’s Santa Cruz County has recently shared its decision to experiment with blockchain wallets to offer services such as user registrations for parking bikes and recreational vehicles, licensing of pets, and building permits given over the counter. The…
The crypto industry is bracing itself for more regulations following the collapse of FTX, hacking and scams and the unabating popularity of the new world of money. The UK has indicated that it wants to be seen as a hub of innovation when it comes to cryptocurrencies and blockchain, and is expected to work out…
The U.S. Securities and Exchange Commission has invited public feedback on what counts as an ”exchange” in the light of DeFi crypto platforms performing similar trades as a stock exchange. The SEC considers decentralized platforms as similar to an exchange, and thus aims to extend its regulatory framework to DeFi services. There are several ways…
Two major events this week have set new expectations in the otherwise lacklustre cryptocurrency industry hit hard by scams and hacking. The Ethereum chain had moved earlier to the eco-friendly PoS system for validating transactions, but the validators cold not withdraw their staked Ether. The recent Shanghai upgrade now allows them to do so. In…
India founded Polygon blockchain, which is a preferred second level Ethereum scaling solution, recently crossed 138,081 unique active wallet addresses (UAWs) that are related to gaming. Data from DappRadar in a recent Blockchain Games Report shows a 53% rise in active wallets on Polygon compared to February. The other popular blockchains for gaming are Hive…
The number of active crypto wallet users gives a broad picture of the ecosystem of blockchain and crypto users including investors and traders. Despite the recent surge in Bitcoin price, the number of active and unique wallet users in the last quarter of 2023 dropped 9.7% year on year compared to the fourth quarter in…
The National Bank of Australia recently send stable coins on the Ethereum blockchain in what is its first cross-border pilot payment. The bank also used smart contracts for various global currencies, thus testing the use of cryptocurrency for its large clients located outside the country. The bank has created its Australian stablecoin, AUDN, that will…