Blockchain & crypto news from India
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
Despite controversies, the fully diluted market cap of Ethereum’s much-anticipated layer-2 solution, Starknet, has surpassed $20 billion due to high demand from the airdrop. On February 20, the developers of Starknet decided to distribute around 700 million STRK tokens out of a total of 10 billion to various entities. Within the first 90 minutes of…
Two major events this week have set new expectations in the otherwise lacklustre cryptocurrency industry hit hard by scams and hacking. The Ethereum chain had moved earlier to the eco-friendly PoS system for validating transactions, but the validators cold not withdraw their staked Ether. The recent Shanghai upgrade now allows them to do so. In…
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…
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…
Eric Jardine talks about how thieves were able to profit on the changeover of the second-largest blockchain and how $2 million in ether was taken. According to Eric Jardine, the cybercrimes research lead at Chainalysis, there were about $2 million worth of frauds prior to, during, and following Ethereum’s Merge, the blockchain’s switch from a…
After Amazon’s AWS service taking a good share of blockchain operation by running a significant number of Ethereum nodes, Google Cloud too entered the node hosting space. The Blockchain Node Engine will be a fully-managed node hosting service that will support Web3 development beginning with Ethereum. Web3 has become the buzz word for 2022 after…
Patrick Hansen, a Circle Policy Advisor, has tweeted information about a European Union Commission tender to create “embedded supervision” of decentralized finance (DeFi) on the Ethereum network. The estimated tender amount is €250,000 ($242,600), and the study’s completion time is 15 months. The EU wants to collect information about Ethereum DeFi Details of the study…
September 15, 2022, marks a watershed event in blockchain history. After eight years of study, debate and development, Ethereum seamlessly migrated to the Proof of Stake (PoS) model. The Ethereum blockchain is now energy-efficient and is no longer a threat to the earth. Ethereum’s energy consumption is projected to decrease by a whopping 99.95%. Will…
In the new world of Ethereum 2.0, there are no more stacks of GPU rigs and meshes of wires burning costly coal and oil. Proof of work still is the engine behind bitcoin, but Ethereum, which also promises to be the global computer of the world, is now cleaner, quieter and smarter. What makes POS…