Blockchain & crypto news from India
National Payments Corporation of India which runs UPI in India has denied banning crypto transactions. The domestic payments authority has instead asked banks to take a stand considering their risk assessment. The decision should be taken based on the advice of the banks’ compliance and legal departments. The NPCI’s suggestion is important at a time…
Dogecoin two folds from mid-April value. The cryptocurrency has grown by 45% in the previous few days. The coin’s value decreased to almost Rs 16 by April end. But it saw a whopping surge of 45% on Monday night when its value grew up to Rs 51. In terms of market capitalization, DOGE has surpassed…
Visa has announced that it will start accepting payments in the crypto USD coin directly at end of the March. USD coin is a stablecoin linked to the U.S. dollar with 1 USD Coin pegged to $1. The company’s crypto.com debit cards once required conversion to a conventional currency from digital currencies that Visa accepts….
Curious investors can now jump on the Bitcoin bandwagon easily all because of Coinbase. The famous crypto firm has signed a deal with PayPal that allows people to purchase digital currency using their bank accounts and debit cards that are linked to PayPal. Announcing the partnership, Coinbase said in a post that buying crypto should…
Binance is jumping into the Non-fungible Token trend with its very own trading platform for these digital product tokens. The Binance NFT will be launched in June this year, said an official announcement. Over the last few months, there has been a mushrooming of market places for NFTs, as revealed in the tracking site, Nonfungible.com….
A tweet from Sandeep Nailwal on Saturday started all this. “Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance”. COO and co-founder of Polygon Sandeep Nailwal has asked to donate…
After Tesla’s chief financial officer renewed commitment to the cryptocurrency, Bitcoin traded over $54,000. It gained as much as 1.9%. On Monday Tesla said that from investment the company generated $101 million in income. This aided them to beat estimates by analysts for profit in the first four months of the year. Bitcoin gained after…
Global ICT services integrator, Getronics has launched a European Blockchain platform, AQQUM, a Blockchain-as-a-Service solution. AQQUM by Getronics aims to provide clients with a framework for execution, deployment and management of fully secured blockchain business applications. It will be done to facilitate and improve the complete automation of their business process. The blockchain is European,…
Vitalik Buterin, the co-founder of Ethereum, recently posted a link that confirms the transaction to Sandeep Nailwal, an Indian entrepreneur who initiated the campaign. The link is the proof of the transfer of 100 MKR and 100 ETH, which is approx. equal to Rs. 4.5 crore ($606,110). The amount is to be used for COVID-19…
Last week Turkey’s Central Bank imposed a ban on the use of crypto assets in payment. This eventually affected the prices of cryptocurrency assets and Bitcoin. On Friday, Sahap Kavcioglu, Governor of Central Bank said that the Finance Ministry of Turkey is working on creating broader regulations in terms of cryptocurrencies. He further added that…