Blockchain & crypto news from India
Binance, one of the leading cryptocurrency exchanges, has recently made an announcement that is sure to catch the attention of many in the crypto world. In an effort to maintain a fair and transparent trading environment, Binance has pledged to offer a substantial reward ranging from $100,000 to $5 million to anyone who can provide…
Bitcoin, the world’s leading cryptocurrency, reached a new all-time high of $71,415 on March 11. This marks a significant milestone for the digital currency, which has been on a relentless upward trajectory in recent months. In the 24 hours leading up to 08:05 am UTC, the price of Bitcoin rose by 2.62%, demonstrating the strong…
Investigators in Ukraine have discovered a plan that uses a variety of financial schemes, some using cryptocurrency, to prey on citizens of the nation and the European Union. Members of the criminal organization contacted their victims using call centers in order to obtain personal financial data. Cryptocurrencies are legal in Ukraine. Fake Ukrainian Call Centers…
On Tuesday, a bipartisan pair of the United States senators presented a bill that would set up new rules for crypto and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). Introduced by one of Congress’ most vocal cryptocurrency advocates, Republican Senator Cynthia Lummis and Democratic Senator Kirsten Gillibrand, the bill…
Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…
According to a top executive, Bitmex, one of the top crypto exchanges in the world is launching spot trading in India on Tuesday, despite the uncertainty in the cryptocurrency market and an adverse regulatory environment. The spot exchange will enable Indian users to convert, purchase, withdraw and deposit multiple cryptos instantly. According to the vice…
The Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
After the adoption of the new crypto tax law, the volume of trading on major Indian crypto exchanges has dropped. Info gathered by a Mumbai-based research organization Crebaco and a crypto data generator Nomics revealed this. On April 1, the new tax law became effective. All profits from crypto trading in the nation will be…
Twitter is about to pay its creators in crypto. The American social networking and microblogging service company has collaborated with a financial infrastructure platform Stripe and marketplaces, to launch a pilot payout for creators. Stripe, in a statement, said that now it can instantly pay funds to its freelancers, sellers, content creators, and service providers…