Blockchain & crypto news from India
Play-to-Earn games attract people who want to make a quick buck, and the distressed Indian public has recently seen rapid bombardment of such online or game apps. Crypto business too is involved in such payout games. The FBI in the US has recently shared a note warning about the risk of theft while falling victim…
The private keys are confidential stings of text to access a cryptocurrency wallet. Until now, losing private keys meant losing access to one’s Ethereum account and its funds. A new tool called “Account Abstraction” has been launched by Ethereum that will allow an owner to recover their ETH in the absence of private keys. Referred…
The blocks on bitcoin blockchain have consistently begun to breach the 3MB size. The first time this occurred was on February 1, 2023. Bitcoin.com reports that history was made this day when the mining pool Luxor became the first to mine block #774,628 with a size of 3.96MB, the largest so far. Bitcoin blocks are…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
The collapse of FTX has spoiled the crypto party has never before. Little scams and hackings were common, but a mainstream player admitting to wrongdoing and playing around with investor funds has shaken the faith and trust of the global community. Here is a look at the funding scenario in the year gone by and…
In a post titled “This is what the future holds for cryptocurrencies”, the World Economic Forum has surveyed the dark past of crypto and indicated the course that can shape its future. The WEF is an international NGO and lobbying organization founded by engineer and economist Klaus Schwab in 1971, and based in Geneva, Switzerland….
Crypto exchange Huobi has release its 2022-23 market report, “Global Crypto Industry Overview and Trends”. Two major highlights of the report are Asia dominating in terms of crypto user base, and the popularity of NFT on search engines. Major highlights & stats of crypto industry in 2022 The total number of “crypto users” globally are…
Hit hard by the FTX collapse, Solana’s woes continue as two of its top NFT collections have decided to move to rival chains. Solana has been the second choice after the natural Ethereum for NFT projects, but things are taking a turn. DeGods (created by y00ts founder) and Magic Eden will soon bridge their way…
The tur dal produced in the Tandur region of Telangana (Tandur Redgram) recently acquired the coveted GI or Geographical Indications tag of India. GI tags are a sign of authentic sourcing of the product from its famous region and an indication of quality. For example, the “gamcha” made in Assam got a GI tag, and…
Web3 music platforms are another upcoming service that will bring NFT, metaverse and blockchain into the global music scene. As a creative object or work of art, a song or album can be incorporated into an NFT and traded with royalty rights for the artist. Warner Music Group recently tied up with NFT marketplace Opensea…