Blockchain & crypto news from India
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 CEO of a P2P marketplace, Paxful, recently sent a letter to millions of subscribers, announcing the removal of Ether from their market. Ray Youssef, the CEO, gave three reasons to remove Ether from Paxful: It was no longer using PoW, which makes Bitcoin the only honest cryptocurrency. With a PoS mechanism, Ether is now…
The effects of FTX’s failure were far more severe than anticipated. The market was also impacted by the subsequent hack. The stolen cash were being relocated, albeit it’s still unclear what exactly happened during the hack. Huge sums of money from the $447 million in stolen money have been moving about over the last few…
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 Merge on September 15 has been rather a damp squid, though not much was expected either. Staking is now the official way to run validator nodes and earn rewards. How much rewards can stakers expect to earn? What determines how much yield to expect? The following answers these and other questions. Some major Ethereum…
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…
Ether is a second most well-known and popular cryptocurrency after Bitcoin. And if you intend to buy this cryptocurrency, you undoubtedly have the question of how to buy Ethereum. Ethereum is a digital asset and an open-source blockchain that anybody can use to create custom applications. Networks make it possible for anybody to build decentralized…
The approaching merge of Ethereum’s mainnet with the currently running in parallel Beacon chain will bring into focus the biggest question – who controls how much of the staking amounts, and thereby, the rewards to be won by adding new blocks. Twitter user Messari shared a graphic that shows the current staking percentage, and it…
Ethereum (ETH) outshined bitcoin (BTC) in a ranking of the top cryptocurrencies by realized gains globally, with USD 76.3bn taken out in fiat profits in the previous year compared with USD 74.7bn in realized for bitcoin. The higher profits that ETH holders have discovered are likely a result of the rise of decentralized finance (Defi)…
For those wondering, ‘Why is ether or ETH rising?’, here are some clues. Called by someone as the ‘oil of crypto’, Ethereum today crossed the $3400 mark. Only sometime back it was valued ten times less. The recent rise has left many people puzzled. There is obviously more demand for ETH, whose London fork will…