Blockchain & crypto news from India
China has forbidden payment and financial firms from offering services related to crypto transactions. Further, the country has warned investors against speculative crypto trading. In a joint statement, three industry bodies informed on Tuesday that under the ban, institutions like online payment channels and banks must not offer clients any service involving digital currency. This…
Samsung has announced that blockchain users will be able to trade and manage digital assets from 3rd party wallets on Samsung Galaxy smartphones this month. Samsung is not the first company to come out with a blockchain-enabled phone. In 2019, HTC had introduced the first “blockchain phone”, known as Exodus 1. But, the HTC phone…
Cryptocurrency traders and exchangers are dealing with an ongoing problem with many banks not interested in allowing transactions that deal with crypto exchanges. According to sources, the problem started in February end. In recent weeks some banks have directed payment gateways to not permit crypto-related transactions. As a result, some cryptocurrency exchanges have been encountering…
On Wednesday, Tesla Inc.’s CEO Elon Musk announced that the company won’t accept Bitcoin for the car purchase. In addition to jokes and memes galore, the value of Bitcoin plunged as much as 15% to just above $46,000 the moment the tweet was posted. This was done due to environmental concerns. As soon as the…
A longtime cryptocurrency advocate and billionaire entrepreneur Mark Cuban said that the COVID pandemic proved just how immaterial traditional financial institutions are. Last week, Cuban said that the people in need of money got it the slowest. Mentioning barriers to receiving and cashing stimulus checks during the pandemic, transaction costs, the number of days banks…
Today, VXPASS announced that it has signed an agreement with the Sesiu sa Tšoele le beta Poho Fund (SESIU). The public-private partnership is responsible for the rollout of COVID-19 vaccination across Lesotho, the landlocked African nation. It will provide the digital infrastructure required to manage the record-keeping, administration, validation and verification of Lesotho’s COVID-19 vaccination…
On Sunday, Geometric Energy Corporation announced the dogecoin-funded mission. The announcement came with a statement not revealing the financial value of the mission. Space X will be launching the “DOGE-1 Mission to Moon” in the first three months of the coming year. This will be done with Elon Musk’s rocket company accepting the meme-inspired crypto…
A court in the Northern District of California introduced an order that authorizes the IRS to serve a John Doe summons on Payward Ventures Inc. and its subsidiaries d/b/a Kraken (Kraken) looking for info about U.S. taxpayers who did transactions in crypto of at least the equivalent of $20,000 during the years 2016-2020. The IRS…
A long-time proponent of cryptocurrencies, Tesla’s Elon Musk has sounded a note of caution for investors to profit from the prices of Ethereum, Bitcoin, Dogecoin and others. Musk expressed that while he believes that cryptocurrency could be the future currency, nonetheless, people should not invest their life savings into crypto. Tesla’s CEO warned that first…
A paper by Korean researchers describes a new way to identify ‘criminal addresses’ from the bitcoin transaction history. Published on the IEEE portal, the paper observes that the anonymous nature of bitcoin network attracts a wide range of activities, and the ability to identify illegal transactions is important for the network. Bitcoin’s rise to fame…