Blockchain & crypto news from India
The citizens of Afghanistan have reportedly turned to cryptos to surpass the financial crisis that struck past the Taliban’s occupation of their nation last August. From cash crunches to the closure of banks and other financial institutions in an economy that depends primarily on cash transactions, the list of problems was unending. With non-governmental institutions…
When the US prohibited its citizens from conducting business with Russian banks, gas and oil developers, and other firms in 2014, after the nation invaded Crimea, the hit to Russia’s economy was immense and swift. Economists calculated that sanctions imposed by Western nations cost Russia around $50 billion per year. Since that day, the global…
TV Somanathan, Finance Ministry Secretary said that the government policy vis-à-vis blockchain has nothing to with its policy towards virtual digital assets (VDAs) or cryptocurrency. He added that there should not be any worry regarding the use of blockchain in areas apart from currencies or payments. At an event, he said that Government’s policy towards…
According to the administration official aware of the issue, the US administration is about to issue an executive order on crypto this week. On February 18, Yahoo Finance reported that the executive order will direct a wide range of government agencies to study CBDC and crypto and come up with a government-wide strategy to regulate…
Piyush Gupta, the CEO of DBS Bank announced during the bank’s fourth-quarter earnings call that the bank intends to launch cryptocurrency trading for retail investors this year. Gupta said that in the first half of this year DBS will work on making digital assets very effortlessly accessible. DBS Bank Limited is a Singaporean multinational financial…
On Thursday, Ukraine legalized cryptocurrencies even as its tensions with Russia have disturbed markets globally in the previous week because of global concerns over the prospect of a wider war with over 100,000 Russian troops near the Ukrainian frontier. In a Tweet, the Ukraine Vice Prime Minister Mykhailo Fedorov said that the country is already…
JP Morgan becomes the first-ever bank that enters into the metaverse and planning to open its lounge in blockchain technology based on virtual reality platform, Decentraland. The lounge has been named Onyx, the bank-permissioned Ethereum-based service. Here users can create their virtual existence and visit the bank virtually. Users can create their avatars on the…
New York stock exchanges applied for the trademark in the United States Patent and trademark office for offering NFT trading services in the metaverse. NYSE has become the first-ever stock exchange to provide trading services for cryptocurrency and NFT, which can compete with other stock exchanges and existing NFT marketplaces like OpenSea, SuperRare, etc. After…
The New York Stock Exchange is stepping into the NFTs market with schemes to do for digital assets what it does for stocks. In a regulatory filing with the US Patent and Trademark Office, the NYSE said that it intends to be a financial exchange for cryptos and NFTs that would compete with the likes…
Intel is investing in blockchain technology with a latest chip designed to mine cryptos. On Friday the chipmaker said that it will start selling the chip customized to mine Bitcoin and other cryptos later this year. Block, (previously Square) and two mining businesses, Grid Infrastructure and Agro Blockchain, are among the first customers. Mining is…