Blockchain & crypto news from India
According to recent reports, during the first quarter of 2024, hackers managed to illicitly acquire digital assets totaling a whopping $542.7 million. This figure represents a significant 42% surge in comparison to the corresponding period in 2023, signifying a potential uptick in the activities of cryptocurrency hackers and exploiters. If this trend continues, it is…
BlackRock and Fidelity have seen a significant increase in total ETF inflows this year, with a notable contribution from their Bitcoin exchange-traded funds (ETFs). Specifically, BlackRock’s Bitcoin ETFs have accounted for 26% of the year-to-date inflows for the company, while Fidelity’s Bitcoin ETFs have contributed to 56% of their total ETF inflows. BlackRock’s iShares Bitcoin…
On March 29, the Bitcoin market witnessed the most significant quarterly expiration event of Bitcoin futures options in its history. Despite this, the Bitcoin price managed to hold steady above the $69,000 mark, which is impressive. This indicates that the market remains confident in the future of Bitcoin, despite the high level of activity and…
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…
In three policy briefs released on, UNCTAD, the UN agency for trade and development, urged action to prevent the use of cryptocurrencies in developing countries. Private digital currencies have benefited certain people and organizations. The hazards they represent to monetary system security, domestic resource mobilization, and financial stability outweigh whatever benefits they may have for…
Cash is king… or is it? It may soon be a thing of the past for customers and retailers to prefer cash as a form of payment. Non-cash payment methods weren’t extensively recognized in Europe until the past ten years, but things change quickly in finance. By 2025, it’s anticipated that more than 80% of…
In emerging nations like those in Africa, cryptocurrencies have gained popularity. According to a policy brief recently published by UNCTAD, a United Nations organization. Significant segments of the populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies. The Central African Republic recognized bitcoin as legal tender in June. Why Is…
The IAMAI (Internet and Mobile Association of India) has made it clear to dismantle the BACC (Blockchain and Crypto Assets Council), which was created to represent cryptocurrency exchanges before authorities such as RBI (Reserve Bank of India) and other main government departments. As per two sources, IAMAI decided to distance itself from crypto.
In late 2020, Presearch launched its ‘testnet’. Tomorrow, Presearch shifts to ‘mainnet’ with 3.8 million registered users. The project features a search portal, Presearch.com, in addition to mobile applications for Google Play and iPhone, where your searches are private and you earn PRE cryptocurrency for making them. Snap Inc has just cautioned that Q2 earnings…
Bitcoin (BTC) has been accredited as the leading blockchain use case, portraying the prowess of the technology in successfully delivering a true and immutable decentralized ledger over the past 13years. Adding to the years of innovations since then – that saw the introduction of non-fungible tokens (NFTs), altcoins, decentralized finance (DeFi), and more, a research…