Blockchain & crypto news from India
The citizens of Afghanistan have reportedly turned to cryptos to surpass the financial crisis that struck past the Taliban’s occupation of their nation last August. From cash crunches to the closure of banks and other financial institutions in an economy that depends primarily on cash transactions, the list of problems was unending. With non-governmental institutions…
Piyush Gupta, the CEO of DBS Bank announced during the bank’s fourth-quarter earnings call that the bank intends to launch cryptocurrency trading for retail investors this year. Gupta said that in the first half of this year DBS will work on making digital assets very effortlessly accessible. DBS Bank Limited is a Singaporean multinational financial…
The largest bank in Russia, Sberbank has launched what it said is the nation’s first exchange traded fund (ETF) to offer exposure to firms involved in the blockchain industry. In a statement, the bank said that called the Sberbank Blockchain Economy ETF, the fund from Sber Asset Management trades on the Russian stock market under…
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,…