Blockchain & crypto news from India
On Monday, PayPal Holdings Inc. said that it will enable customers in the UK (United Kingdom) to sell, purchase and hold bitcoin and other crypto starting this week. The move which represents the first international expansion of PayPal’s cryptos services outside of the US could further stimulate mainstream adoption of the new asset class. With…
There is a craze about crypto these days and as it is common, hackers and malicious apps are here to take advantage of the current crypto hype. These apps are made to delude innocent users into installing them on their mobile phones. Google has identified 8 such dangerous apps on the Play Store and removed…
GeM (the government e-marketplace) eyes to experiment with blockchain technology by running a pilot project for 372 geographical indication (GI)-registered products. The stance is intended at preparing for a supply of medicines and vaccines in a safe way on its platform. It will help avoid forgeries and support the monitoring of specified standards throughout the…
In a heist that appears straight out of the movies, the Greater Manchester police have seized crypto assets valued at $22.5 million from a couple. The duo is suspected to be a part of an international crypto scam. Police have recovered the assets stored in a pen drive. Including Ethereum, the seized assets are calculated…
Walmart is on the quest to hire a new senior director to develop new digital currency products possibly including crypto payments. The stance reflects a similar interest shown by Walmart’s known competitor Amazon, which intends to hire someone to head up crypto products. The new Walmart senior director position holder will act as the company’s…
The much-anticipated legislation to regulate virtual currency in India, the crypto bill is anticipated to be taken up by the Union Cabinet soon. During a conversation with the reporters, the finance minister Nirmala Sitharaman said that the cabinet note is ready on the crypto bill. She added that she is awaiting Cabinet to clear that….
In the first merger of blockchain networks, Polygon said it is buying a zero-knowledge (ZK) crypto-based scaling project Hermez in a deal that will cost the firm $250 million. The firm will pay the amount in MATIC tokens. All components of the Hermez like live solutions, technology, HEZ token and team will be integrated into…
Argentina superstar Lionel Messi astonished the football world by joining Qatari-owned Paris Saint-Germain (PSG) and leaving FC Barcelona this week. Popular as one of the all-time footballing greats, Messi at PSG will reportedly earn $41 million yearly. PSG has now disclosed that Messi has got a ‘large number of $PSG Fan Tokens’. PSG isn’t the…
On Wednesday, Poly Network, the firm at the center of the hack said that hackers have returned a chunk of the digital loot from a record haul. The company specializing in transferring crypto posted a tweet mentioning it had received about $4.8 million worth of the stolen asset back, expecting more from the online theft…
Mudrex, an Indian crypto-asset management company intends to make crypto investments easier. In a seed round led by Nexus Venture Partners, it has raised $2.5 million (approx. Rs. 18.5 crores). Nexus has a number of investments in India including Unacademy, Zomato, OLX and many more. The firm had earlier raised $750,000 from Better Capital, Y…