Blockchain & crypto news from India
First off, why would anyone pay in a currency that promises to double its value in the very next month, or crash to less than half its value? The ‘Forbes’ articles on cryptocurrency carry a regular disclaimer of high risk for all investors and even warn of people losing all of their investment. Yet, the…
For those wondering, ‘Why is ether or ETH rising?’, here are some clues. Called by someone as the ‘oil of crypto’, Ethereum today crossed the $3400 mark. Only sometime back it was valued ten times less. The recent rise has left many people puzzled. There is obviously more demand for ETH, whose London fork will…
It’s anyhow difficult to understand crypto and bitcoin, and now we have NFTs. The magical rise of NFTs in the last few months has left the world surprised. For the crypto community, it’s yet another feather in the cap of the many abilities of blockchain. The most welcome contribution of NFT markets like Digital Art…
What lies behind the attraction of bitcoin for some part of the population, while the larger masses don’t understand anything about cryptocurrencies? Behind the fog of long hash addresses and obscure terms like cryptography lies the simple idea of a “bit coin” that is cheap, and which also makes economic sense. Inflation figures are usually…
The three biggest names of the luxury world, LVMH (Louis Vuitton, Dior, Tiffany, and more), Prada, and Richemont (Cartier, Dunhill, and more), recently came together to an extraordinary meeting. The topic was how to authenticate and validate their original products permanently using blockchain technologies. The outcome was the formation of the private blockchain consortium, Aura….
The Covid pandemic created an unexpected meteoric rise of the stock markets followed by the crypto boom. Everyone today wonders what’s in store for the near future. Putting aside speculation and hype as well as FOMO, it’s time to take stock of how big the blockchain market currently is, and what do experts predict in…
The first real-world Bitcoin transaction happened on 22nd May 2010, when Laszlo Hanyecz bought two pizzas from a Papa John’s store in Jacksonville, Florida for 10,000 BTC (In today’s exchange rate, that comes to over 500 million dollars). In 2014, Overstock became one of the first big e-sellers to accept direct Bitcoin payments. Since Bitcoin…
The US based cryptocurrency exchange platform Coinbase is planning to set up a business presence in India. They are intending to open an office in Hyderabad, Telangana. Hiring is already on for this. Coinbase is doing so even after knowing about the uncertainty for the digital assets around the country’s stance. The crypto company has…
Volvo is a company which is owned by Geely Holding, China. They have dealt with LG Chem and CATL for supplying the batteries for their next generation Polestar and Volvo models and even for the newly launched XC40 Recharge which is an electric model too. They have this deal at least for the coming decade….