Cryptocurrency exchanges

Newer Ethereum Would Be More Energy Efficient!

Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent.  In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…

Legalities of cryptocurrency attract 30% of tax

Since the legal status of cryptocurrencies was on the grey side for so long, but finally, the Indian government came up with a solution to regulate cryptocurrencies and NFTs.  India taxes crypto In the union budget 2022-2023, the Indian government covers cryptocurrency and NFTs under the “Virtual Digital Assets” umbrella. The government solved the tax-related…

World’s first-ever SMS sold above $100,000 at NFT auction

Blockchain technology and its dapps have far and wide implications.  In December 2021, Vodafone became a Santa to the United Nations refugees agency, UNHCR. Vodafone has sold the world’s first text message, “Merry Christmas” (which was sent on December 3, 1992), in a an auction on Tuesday for 107,000 Euros ($121,000) as a Non-Fungible Token…