Blockchain & crypto news from India
The E-Rupee trial in the retail segment by RBI has clocked around 16,000 testers. The digital currency is currently designated CBDC-R (e₹-R). There are currently two pilots underway, one for retail and wholesale segment each. The retail pilot has done processing of Rs 64 lakh worth of transactions. After thorough research and sharing a concept…
Wyre is a crypto payment venture founded in 2013, and is now reported to be struggling. The challenges appear to be related to the fallout of FTX collapse and the overall economy of the crypto world. A recent salvage attempt by transport company Bolt fell through in what could have been a $1.5 billion buyout….
“1.7 million people call Celsius their home for crypto”, says the homepage of Celsius Network. It is certainly the case that, just as crypto investors were dreaming of ‘moon’ and ‘lambo’, so were the crypto CEOs whom they trusted to “manage” their money. The latest in the FTX saga is that the US Justice Department…
The crypto winter appears to be not going away soon in the new year. There is however some movement in the Bitcoin ATM industry. The concept of a Bitcoin ATM appears cool, and a way towards mass adoption in countries where it is legal. Such as El Salvador or The Bahamas. However, in top ranks…
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…
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…
Blockchain needs to address local and user-centric problems, and that’s the theme of this year’s Web3athon: A Hyperlocal, People-First Crypto Hackathon, organized by CoinDesk and CRADL. The finale of the 2-stage event that was launched during Consensus is scheduled for next week, with participants coming from 17 different time zones. A total of $500K in…
Google Cloud has been preparing for Web3 since the start of this year, and has recently announced its plan to start accepting cryptocurrency payment by 2023. The announcement was made at the Cloud Next Conference. The crypto payment option will be rolled out initially for a small group of active clients using Coinbase Commerce. By…
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…
The Wintermute hack is the latest bug exploit that adds more booty to the overall tally of $1.9 billion worth of cryptocurrencies stolen in 2022. The UK based exchange operates in the De-Fi space, where market makers like Wintermute provide liquidity to big exchanges. Wintermute now owes millions to its debtors. Crypto wallets and addresses…