Blockchain & crypto news from India
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…
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…
Opera has declared the integration of Binance Blockchain (BNB) in its cryptocurrency browser. Users will be able to purchase BNB cryptocurrency token with fiat and receive and send it using the built-in Opera cryptocurrency wallet, and access decentralized applications (DApps) including famous decentralized exchanges (DEX) such as 1inch, PancakeSwap, and BiSwap and innovative decentralized finance…
In what could mar the mood of the cryptocurrency investors in India, the goods and services tax (GST) Council is expected to mull imposing a 28% tax on cryptos. The proposal is anticipated to be tabled in the upcoming GST Council meeting. As per reports the 28% GST will be in addition to the 30%…
After the encrypted messaging app Telegram earlier gave up on its token; it now fosters cryptocurrency payments. As per the Protocol, the addition can make cryptocurrency payments on messaging platforms more mainstream. The TON Foundation, which controls the toncoin token, has allowed fee-free payments, sending cryptocurrency to other users, and using toncoin (TON) in the…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
Fidelity to enable investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won’t be able to begin adding cryptos to their nest eggs directly, but later in 2022, the 23,000 firms that utilize Fidelity to administer their retirement plans will have the alternative to put bitcoin…
Cryptocurrency has evolved in frontier markets such as Argentina, where an unsteady financial system and decisive government intervention in the country’s economy have pushed many Argentines toward decentralized cryptocurrency. The country’s national currency, the peso, is already highly volatile and subject to a raft of financial controls. As a result, the currency is increasingly demanding…
EU member states agreed Friday to prohibit the services of high-value crypto assets to Russia as part of the fifth package of sanctions imposed in response to the Ukraine war. The European Commission said that the stance will lead to closing potential loopholes in existing restrictions and was declared next to bans on four Russian…
Blockmagic: Please share with us your early struggles and what inspired you to start this business. Akshay: Sure, so me and my partner Hafez Rahman were working in a different organization. We also had prior work experience, and in the core time of corona, a lot of people started losing jobs. I and Hafez have…