Blockchain & crypto news from India
The tremendous rise in Ether price has led to transaction gas prices becoming unaffordable for small Eth transfers. This beats one of the very purposes of why cryptocurrencies were created – to eliminate middlemen and the high costs of money transfers. This article takes a deep dive into the Ether network and reveals what lies…
The three biggest names of the luxury world, LVMH (Louis Vuitton, Dior, Tiffany, and more), Prada, and Richemont (Cartier, Dunhill, and more), recently came together to an extraordinary meeting. The topic was how to authenticate and validate their original products permanently using blockchain technologies. The outcome was the formation of the private blockchain consortium, Aura….
The first real-world Bitcoin transaction happened on 22nd May 2010, when Laszlo Hanyecz bought two pizzas from a Papa John’s store in Jacksonville, Florida for 10,000 BTC (In today’s exchange rate, that comes to over 500 million dollars). In 2014, Overstock became one of the first big e-sellers to accept direct Bitcoin payments. Since Bitcoin…
Opensea is one of the largest marketplaces for non-fungible tokens (NFTs). Non-fungible tokens are unique digital items that can be bought and sold. These digital items include collectibles, ownership records for physical assets, game items, digital art, event tickets, and even domain names. Who creates NFT art? NFTs are designed by artists, gaming companies, content…
A popular known hip-hop artist and businessman, Snoop Dogg, whose real name is Calvin Cordozar Broadus Jr, makes it known during an interview with ‘Vanity Fair’ his interest in cryptocurrencies and why he believes so much in the space. Snoop Dogg said, “The future is unfolding right before us. I don’t see it as a…
No doubt the entire year 2020 was spent amidst the chaos created by the novel Coronavirus. However, there is still one thing that gained popularity besides this pandemic and that is cryptocurrencies. Delivering a return of over 800% during the financial year 2020-2021, the oldest and biggest cryptocurrency in the world, Bitcoin stole the limelight…
Jack Dorsey’s first tweet auction Jack Dorsey’s auction for the March 2006 tweet was closed on Monday with a winning bid of over $2.9 million. The CEO of Bridge Oracle, a public oracle system on the Tron Network, was the winner. Sina Estavi (@sinaEstavi), the winning bidder, offered around 1630.6 ETH on March 6, which…
Better known as NFT, a Non-Fungible Token is a digital concept that is taking the crypto world by storm. Basically, “Non-fungible” implies that it’s unique and can’t be replaced. NFTs are tokens that represent pieces of digital art. Surprisingly, with NFT art, artists, art collectors and musicians are minting money, and at least one artwork…
Call it Eth2, Serenity or Ethereum 2.0, this is the long-anticipated upgrade to the Ethereum blockchain. Intended to boost the efficiency, speed and scalability of the Ethereum network, Eth2 will further enable its previous version to tackle hurdles in addition to increasing the count of transactions. Ethereum 2.0 is designed to be launched in three…
Tweet Bitcoins! Bottlepay brings real-time bitcoin payments The firm said, “Users can tweet bitcoin and fiat currency to other users instantly”. The U.K based payments platform Bottlepay brings real-time bitcoin payments to Twitter. Bottlepay is aiming to disrupt the payments space by enabling real-time cross-broader transfers of both fiat money and cryptocurrencies. The beta version…