Blockchain & crypto news from India
A leading decentralized trading platform, Uniswap, has reached a significant milestone by facilitating over $4 billion in cryptocurrency swaps through its user-friendly mobile application. While this trading volume may seem subtle compared to traditional centralized exchanges, it represents a noteworthy contribution to the ever-evolving realms of cryptocurrency and decentralized finance (DeFi). Despite these accomplishments, the…
Over the course of the last week, Solana, an innovative blockchain platform designed to offer rapid, secure, and cost-effective transactions for decentralized applications (dApps), has experienced a significant surge in activity. Notably, Solana’s transaction volume has been escalating at a rapid pace, positioning it to potentially overtake Ethereum in terms of transaction fees within the…
Chainlink has recently announced that its Cross-Chain Interoperability Protocol (CCIP) is now generally available to the public. The protocol is designed to foster more cross-chain connectivity by allowing developers to use CCIP for cross-chain token transfers and arbitrary smart contract messaging across different blockchain networks. This means that developers can now easily transfer tokens between…
Recently, a released data indicating that the total supply of Ether has increased from 120 million on March 12 to 120.1 million on May 7. This small but noteworthy increase marks the first time since September 2022 that Ether supply has turned inflationary, following the highly anticipated Merge transition that moved Ethereum to a proof-of-stake…
In a recent post on X, Vibhu Norby, the CEO of Drip Haus, a company based on the Solana blockchain, has provided a comprehensive analysis of Solana’s recent journey through scalability challenges and significant user growth. The post is an insightful and detailed account of the obstacles faced by Solana and the groundbreaking advancements made…
Unocoin is among the inaugural players in India’s bitcoin and crypto space. Established in July 2013, Unocoin was founded by Sathvik Vishwanath, Abhinand Kaseti, Sunny Ray and Harish BV with a mission “to bring Bitcoin to the billions”, and it does so by offering a diverse range of services which facilitates Indians to buy, sell,…
Tether, the world’s largest stablecoin, recently announced that it is implementing more robust monitoring mechanisms to track the usage of its tokens in the broader crypto markets and payments, in an effort to combat illicit finance. In a statement issued on Thursday, Tether revealed that it has partnered with blockchain analytics company, Chainalysis, to develop new tools…
DefiLlama recently released data stating that Jito, a provider of liquid staking and MEV, currently holds the position of Solana’s (SOL) largest project with a total value locked (TVL) of approximately 10 million SOL. Jito was launched in December of last year and distributed $165 million in free tokens through an airdrop. To participate in…
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
On April 25, Bitcoin’s value fell below $62,000 as a result of the release of “stagflationary” macro data in the United States. This data caused market unrest, and when Wall Street opened, investors were greeted with troubled sentiment. The US Q1 gross domestic product (GDP) came in significantly lower than expected at 1.6%, which added…