Blockchain & crypto news from India
A decision from the Reserve Bank of India (RBI) to remove a 2018 rule that prohibits banks from encouraging crypto dealings comes as a welcome relief for a community encountering opposition from traditional lenders required to help settle these trades. Late on Monday, the regulator informed banks not to quote a 2018 central bank circular…
According to mails sent by prime Indian lenders State Bank of India and HDFC Bank, they have warned their clients against dealing in crypto such as bitcoin. HDFC Bank, in its letter to its customers, told that cryptocurrency dealings aren’t permitted as per Reserve Bank of India’s regulation. The banks have sent mails to specific…
Cryptocurrency exchanges in India are reportedly considering approaching Supreme Court to sort out problems they’ve had with central banks currently. Most of the crypto exchanges in the nation have had to stop taking rupee deposits in India, as banks withdrew their services after an informal notice from India’s central bank – the Reserve Bank of…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…
In partnership with a startup Print2Block, the Disaster Management Department of the Maharashtra Government has adopted blockchain technology to issue COVID – 19 test certificates. These certificates are issued to those who test negative for the novel coronavirus. Joji Varghese, co-founder of Print2Block said that they have been able to meet the demands of data…
Everybody is almost aware that NFT stands for non-fungible tokens. Consider cricket as an example. There’s nothing that comes close to watching a live cricket match. Add to it, if your favorite player happens to score a hundred, it is more likely that you will be eager to capture that moment either by a photo…
After Singapore, Vietnam’s digital push is getting widely noticed. Amidst the rapid developments and success in technological and digitalization investments, Vietnam seems slow to join the race. Experts consider that Vietnam has the potential to stand with other countries in terms of technology. Reportedly, it’s high time to promote development, research and blockchain technology application…
After prime private sector banks started commanding payment gateway companies to abort services to many crypto exchanges in India over the past month, Paytm Payments Banks Ltd. (PPBL) had come to rescue the exchanges. But Paytm too has now halted servicing the exchanges via payment gateway channels. The effect was visible and one exchange, Zebpay…
New day, new Musk tweet and another manipulation of the crypto market! Amidst the Bitcoin crash, Elon Musk tweeted Tesla has ‘diamond hands’. SpaceX boss and Tesla Inc.’s CEO has been awarded an unsaid Internet award, where the variations of prices in the crypto market have been accredited to him. His reach, however, is often…
On Wednesday, cryptocurrency markets witnessed a downturn, with major currencies crashing rapidly, wiping off as much as $1 trillion from their valuations, which had hit a record high of more than $2 trillion recently. Many analysts seem to believe that the crypto bubble, which grew without reason or rhyme or unsustainably for some time now,…