Blockchain & crypto news from India
The number of active crypto wallet users gives a broad picture of the ecosystem of blockchain and crypto users including investors and traders. Despite the recent surge in Bitcoin price, the number of active and unique wallet users in the last quarter of 2023 dropped 9.7% year on year compared to the fourth quarter in…
‘The Bitcoin-Macro Disconnect’ by Gianluca Benigno and Carlo Rosa, published this month by the Federal Reserve Bank of New York, is a staff report inspired by the aim to figure out the drivers of prices of Bitcoin, the most popular of cryptocurrencies. The motivation comes from the huge market capitalization that Bitcoin soared to recently,…
One can live entirely on Bitcoin and Tether in the City of Lugano located in the southern-most part of Switzerland. The news was shared by Lugano Plan ₿, which is a a joint initiative between the City of Lugano and Tether, and will be holding a forum this year in October, to be organized by…
A hub of crypto mining, the New York State has cleared a bill to restrict crypto mining that uses POW mechanism used by blockchains like bitcoin. It is the first state to pass the law to ban some forms of crypto mining which has been under fire for its impact on the environment. A blockchain…
The now-defunct Silk Road dark web marketplace was hacked in 2012, leading to the seizure of 50,676 Bitcoin in November 2021, according to the U.S. Department of Justice (DoJ). When it was uncovered last year, the bitcoin, which was acquired in 2012 and valued at $3.36 billion, was worth $1.04 billion. In addition, $661,900 in…
The crypto winter is slowly fading away, and at least one crypto whale has sprung into action. Blockchain.com, which offers wallet and exchange services, is reported to have transferred 74,105 Bitcoins worth over $1.5 billion. A crypto whale is an entity that holds over 10% of the total coins available. In terms of Bitcoins, anyone…
The P2P payment app MoneyGram has begun accepting cryptocurrency for payment and trading in the US. The app will let users transfer bitcoin, Litecoin and Ethereum. The company had earlier been involved in a deal with Ripple that was subsequently quashed. MoneyGram’s announcement on Twitter: MoneyGram announces the launch of a new service enabling consumers…
The cryptocurrency markets is showing signs of life, though some describe the current range-bound prices as making for a rather trading experience. For the first time since the Merge, the price of Ether went above $1600. The uptick could be the result of some positive news of abatement in rise in interest rates. Cointelegraph in…
Created as a currency without any centralized control or regulation in the aftermath of the 2008 downturn, Bitcoin has entered the Guinness Book of World Records. The entry in the renowned repository of world records and firsts, the entry for Bitcoin is title ‘First decentralized cryptocurrency’. The creator is credited as Satoshi Nakamoto, location is…
Bitcoin was made to work through computer networks that verify and validate transactions and maintain a permanent record. But what about places where there are no stable internet connections, and regions where internet is blocked? Closer home in India, there are times when all mobile or internet services are suspended for limited periods. Another big…