Blockchain & crypto news from India
The U.S. Securities and Exchange Commission has invited public feedback on what counts as an ”exchange” in the light of DeFi crypto platforms performing similar trades as a stock exchange. The SEC considers decentralized platforms as similar to an exchange, and thus aims to extend its regulatory framework to DeFi services. There are several ways…
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 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 blocks on bitcoin blockchain have consistently begun to breach the 3MB size. The first time this occurred was on February 1, 2023. Bitcoin.com reports that history was made this day when the mining pool Luxor became the first to mine block #774,628 with a size of 3.96MB, the largest so far. Bitcoin blocks are…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
Hit hard by the FTX collapse, Solana’s woes continue as two of its top NFT collections have decided to move to rival chains. Solana has been the second choice after the natural Ethereum for NFT projects, but things are taking a turn. DeGods (created by y00ts founder) and Magic Eden will soon bridge their way…
The implosion of FTX has not only affected investors who kept their funds on the exchange, but also the wider crypto investing circles. Genesis, described in the past as the “Goldman Sachs of crypto”, is feeling the heat and has suspended withdrawals. However, those tracking on-chain flow of cryptocurrencies point out to positive signals based…
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…