Blockchain & crypto news from India
Over the course of the last week, Solana, an innovative blockchain platform designed to offer rapid, secure, and cost-effective transactions for decentralized applications (dApps), has experienced a significant surge in activity. Notably, Solana’s transaction volume has been escalating at a rapid pace, positioning it to potentially overtake Ethereum in terms of transaction fees within the…
Chainlink has recently announced that its Cross-Chain Interoperability Protocol (CCIP) is now generally available to the public. The protocol is designed to foster more cross-chain connectivity by allowing developers to use CCIP for cross-chain token transfers and arbitrary smart contract messaging across different blockchain networks. This means that developers can now easily transfer tokens between…
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
On April 25, Bitcoin’s value fell below $62,000 as a result of the release of “stagflationary” macro data in the United States. This data caused market unrest, and when Wall Street opened, investors were greeted with troubled sentiment. The US Q1 gross domestic product (GDP) came in significantly lower than expected at 1.6%, which added…
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
According to a research report published on April 15, the South Korean won has emerged as the world’s most-traded fiat currency against cryptocurrencies in the first quarter of 2024. The report reveals that the won accounted for a whopping $456 billion worth of trading volume on centralized crypto exchanges, surpassing the trading volume of $455…
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…
The Bitcoin price experiences a significant sell-off as today’s downward movement results in the liquidation of numerous BTC and altcoin traders who were caught off guard. Although the decline began early on Friday, it intensified around noon ET, transforming small losses into double-digit declines for numerous cryptocurrencies The price of Bitcoin saw a sudden downturn…
Bitcoin mining difficulty has recently undergone another adjustment, hitting a new all-time high of 86.4 trillion, according to data from BTC.com. Bitcoin mining difficulty refers to the level of computational difficulty that is required in order to mine a new block of Bitcoin transactions. This difficulty level is adjusted every two weeks to ensure that…
Deutsche Bank’s latest survey on Bitcoin has revealed a noteworthy shift in consumer sentiment towards the world’s leading cryptocurrency. While the survey results show that skepticism among consumers has decreased slightly, it still remains a cause for concern. Interestingly, the survey found that less than one-third of the respondents believe that Bitcoin’s price will experience…