Blockchain & crypto news from India
Re-emphasizing the stand of the government on the legality of crypto, Nirmala Sitharaman, the Finance Minister of India has once again cautioned cryptocurrency investors against investment in any such cryptocurrency.
Alphabet, the parent firm of Google invested a huge chunk of money into the blockchain industry in contrast to any other public firm, investing $1.5 billion between September 2021 and June 2022.
Reddit, the online forum has declared a new way to accept crypto payments using Community Points. The platform has joined hands with a famous cryptocurrency exchange FTX to unlock new cryptocurrency-enabled benefits for Reddit Community Points.
Gucci, the iconic Italian fashion brand declared this week that it would expand its payment alternatives to include the Bored Ape Yacht Club – affiliated ApeCoin (APE) – but only via BitPay. In other words, the prominent brand will allow you to liquidate your APE for United States dollars and spend the proceeds at its…
Iran has placed its first official order via crypto this week, a stance that can allow the Islamic Republic to avoid U.S. sanctions that have severely damaged its economy.
MSBSD (Maharashtra State Board of Skill Development) has issued around 100,000 verifiable digital diplomas anchored on the Polygon blockchain using the LegitDoc platform.
Big tech firms have been betting big on evolving technologies, with Meta (formerly Facebook) declaring that it has initiated rolling out non-fungible tokens (NFTs) across 100 nations, including some in the Middle East, Africa, and the Americas.
The IT department can make PAN (permanent account number) compulsory for crypto investors. This would be in line with the Demat account guidelines for equity transactions.
Bitcoin mining requires lots of energy. Consequently, ASIC miners yield such immense amounts of heat that they need dedicated cooling systems for heat dissipation. Heat recovery is a low-carbon technology that cuts across various sectors of the economy. Low-temperature heat also known as low-grade heat expelled by miners is needed to heat buildings and homes…
As per Schwab Asset Management, the asset management division of The Charles Schwab Corporation, the Schwab Cryptocurrency Thematic ETF has officially started trading. Trading is expected to start on or around August 4, 2022.