Blockchain & crypto news from India
On July 26th, there is a possibility that the price of Bitcoin could experience a decline, potentially dropping to around the $63,000 level. This potential drop is attributed to the expiration of a significant amount, over $3.9 billion worth, of Bitcoin futures options at 8:00 am UTC on Deribit, which is recognized as a leading…
In a historic development, exchange-traded funds (ETFs) for Bitcoin in the United States have achieved a remarkable milestone by accumulating a total of over $17 billion in inflows. The remarkable milestone achieved sets a new precedent and emphasizes the escalating interest and investment in Bitcoin within the ETF market. Based on the data tracked by…
Over the past few months, the cryptocurrency market has been marked by substantial fluctuations and uncertainty. Despite a recent increase, the market capitalization remains 14% below its peak in March. In June, the total market capitalization experienced a significant 11.4% downturn, described as “brutal” in a report by Binance Research. This decline coincided with the…
Jack Booth, who serves as the marketing director for The Open Network (TON) Foundation, shared insights on the measures being implemented to secure TON’s Bitcoin bridge. This bridge will provide users with the capability to transfer their Bitcoin assets to TON, ensuring a seamless and secure transition. The TON Foundation made a significant announcement on…
The inflows into digital asset investment products have set a remarkable new record, exceeding $17.8 billion year-to-date (YTD). This surge in investment suggests the potential beginning of a recovery in the cryptocurrency market. Notably, the recent record-breaking figure follows a substantial influx of $1.44 billion into cryptocurrency investment products in the last week. Based on…
The Loper Bright vs. Raimondo decision by the United States Supreme Court has the potential to have a far-reaching impact on the cryptocurrency industry. At its core, this decision could lead to a shift in the power dynamics between the judicial and executive branches of the US government. In a 6–3 decision, US courts are…
While Bitcoin and other cryptocurrencies have been making waves for the last few years for their high returns (as well as volatility), a quieter player has emerged from the shadows of the computer hardware world to match Bitcoin. Nvidia however is already familiar to the crypto world for providing mining hardware. This time, its huge…
Cryptocurrency wallets are digital tools that allow users to store, manage, and transact with cryptocurrencies such as Bitcoin, Ethereum, and others. There is a wide range of cryptocurrency wallets that a user can choose from to use in India. The following that are listed here are the 5 most popular cryptocurrency wallets that are available…
On July 5th, the Bitcoin mining difficulty experienced a significant decrease of over 5%, hitting a quarterly low of 79.50 terahashes (79.5T). This reduction represents the most substantial drop since March, when the difficulty briefly dipped below the 80T mark. During the period between March and May, the difficulty showed a remarkable increase, reaching an…
On July 4th, the Financial Supervisory Service (FSS) of South Korea unveiled a new “continuous monitoring system” designed to diligently oversee and detect suspicious cryptocurrency transactions taking place on exchanges. This system is a collaborative effort between the FSS and South Korean digital asset exchanges and is designed to provide ongoing surveillance of abnormal transactions….