Blockchain & crypto news from India
The FOMO stage for Bitcoin has begun as it reaches the breakout point of $50,000 after a wait of two years! The ETF launch has contributed to the bull market of Bitcoin after its launch spot that took place on January 11. The billion-dollar trade of ETFs took place in the first week of its…
The crypto industry is bracing itself for more regulations following the collapse of FTX, hacking and scams and the unabating popularity of the new world of money. The UK has indicated that it wants to be seen as a hub of innovation when it comes to cryptocurrencies and blockchain, and is expected to work out…
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,…
The ongoing World Economic Forum at Davos is a meeting place of the big names of the world. This year, crypto and blockchain businesses have a lot at stake after a year full of turbulence. Several scams and collapses have hit the trust factor. An unlikely competition has now emerged in the form of CBDCs…
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…
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 early losses of star teams like Argentina are reflecting in the fortunes of the fan tokens issued by football teams on platforms like Socios. Argentina’s loss despite Messi’s early goal upset the fans so much that they dumped its ARG token. The price of ARG dropped by over 30%, declining from over $7 to…
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 US bank JP Morgan Chase had filed a trademark for a crypto payment processing wallet under the name ‘JP Morgan Wallet’. Filed primarily under Class 35 and 36, the trademark has been approved, and its primary applications include payment reporting and analytics, electronic transfer of virtual currencies for use by members of an online…