Blockchain & crypto news from India
Speculative investments and cryptocurrency crashes are occasionally associated with blockchains. Some start-ups are attempting to implement Web3 use cases in Africa, such as getting unbanked individuals online and into a more centralized financial system. According to data from the Swiss Crypto Valley Venture Capital, or CV VC, while funding for African blockchain businesses raised $127…
What Is a Mining Pool? A mining pool is a collective group of cryptocurrency miners who pool their computing power across a network to increase the likelihood that they will successfully locate a block or otherwise mine bitcoin. How a Mining Pool Works Individual members of a mining pool each contribute a portion of their…
The former founder of Twitter, Jack Dorsey believes that bitcoin has the potential to help the entire world. In an undated video released by Documenting Bitcoin on Twitter, Dorsey was being interviewed at an event, and he shared his thoughts on what makes cryptocurrencies like Bitcoin revolutionary. According to Dorsey, Bitcoin is “incredible” for it…
In a recent speech given on March 2, 2022, RBI deputy governor, T Rabi Sankar, elaborated on the concept of cryptocurrencies, their nature, and arguments for and against a ban in India. Excerpts from the speech published on the RBI website. Why were cryptocurrencies created? “Some people felt that intermediation by banks is avoidable. Either…
If you’re willing to acknowledge that investing in cryptocurrency is a high-risk bet with a chance of success, but also that you run the very real risk of losing all of your money, it might be a wise thought. In the ongoing global cryptocurrency price crash in 2022, prices of cryptocurrencies, including bitcoin, have been…
Where money is concerned, scams always follow. And the same is true with cryptocurrency. Confused about cryptocurrencies like Ether (linked to Ethereum) and bitcoin? It’s not just you. Learn how cryptocurrencies differ from cash and other payment methods before using or investing in them. You should also be aware of cryptocurrency scams and how to…
A new generation of coins called Web3 crypto aims to realize Web3’s decentralized utopia. In order to give consumers ownership over their data and enable transactions without the use of intermediaries, they mix blockchain technology with smart contracts. What Exactly Is Web3? The third generation of the internet is often referred to as Web3. By…
The internet is evolving gradually, from dial-up connections and IRC chatrooms to social networks, and now a new step forward with the recently announced Web 5 by former Twitter CEO, Jack Dorsey. Here are the stages in the evolution of the internet: Web 1.0 (1990s – 2004/2005): Static pages of free information, hyperlinks and surfing,…
Following major drops in Nasdaq Composite and Dow, ETH price has breached the critical $1700 support level that it had tested in the June-August period last year. The last traded price at the current time is around $1570, while BTC is at $28,810. As can be seen in the price chart, this is…
The Maharashtra government has been using blockchain technology to issue and allow verification of reports with negative results for Covid-19. The Department of Disaster Management and Recovery has tied up with a private start-up, Print2Block to arrange for all negative reports to be managed over blockchain. Print2Block is an award-winning Chennai based startup, whose digital…