Blockchain & crypto news from India
Crypto exchange Huobi has release its 2022-23 market report, “Global Crypto Industry Overview and Trends”. Two major highlights of the report are Asia dominating in terms of crypto user base, and the popularity of NFT on search engines. Major highlights & stats of crypto industry in 2022 The total number of “crypto users” globally are…
The 750,000th #bitcoin block has been mined. As per Buy Bitcoin Worldwide, each day, about 144 blocks get mined, the rewards of which are distributed to miners and mining pools. As of today, around 91% of bitcoins have been mined. Total new bitcoins mined every day (as on August 21, 2022) – 900 Total bitcoins…
It is often proven that tweets from Elon Musk affect the crypto world. The billionaire has tweeted about Dogecoin that Tesla merchandise is now buyable with the Dogecoin. This has sparked great speculation among Dogecoin fans. It was also incorporated as the payment option on the official website of Tesla. Also, the value of the…
On Monday, the popular company Tesla announced that a $23 million bitcoin-related impairment brought about some pull on its quarterly operating income. The well-renowned firm only mentioned crypto or Bitcoin one time in its second-quarter announcement, after Elon Musk, CEO of the company seesawed on whether the firm would accept the digital currency for vehicle…
Getting inclined towards the ongoing crypto trend, The Rug Republic, a homegrown décor brand, has started accepting major crypto as payment for its orders. Although the Delhi-based décor brand delivers all across the globe but the payment option is as of now available in India only. The brand will take the top 20 cryptos according…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…
New day, new Musk tweet and another manipulation of the crypto market! Amidst the Bitcoin crash, Elon Musk tweeted Tesla has ‘diamond hands’. SpaceX boss and Tesla Inc.’s CEO has been awarded an unsaid Internet award, where the variations of prices in the crypto market have been accredited to him. His reach, however, is often…
A longtime cryptocurrency advocate and billionaire entrepreneur Mark Cuban said that the COVID pandemic proved just how immaterial traditional financial institutions are. Last week, Cuban said that the people in need of money got it the slowest. Mentioning barriers to receiving and cashing stimulus checks during the pandemic, transaction costs, the number of days banks…
A long-time proponent of cryptocurrencies, Tesla’s Elon Musk has sounded a note of caution for investors to profit from the prices of Ethereum, Bitcoin, Dogecoin and others. Musk expressed that while he believes that cryptocurrency could be the future currency, nonetheless, people should not invest their life savings into crypto. Tesla’s CEO warned that first…
After Tesla’s chief financial officer renewed commitment to the cryptocurrency, Bitcoin traded over $54,000. It gained as much as 1.9%. On Monday Tesla said that from investment the company generated $101 million in income. This aided them to beat estimates by analysts for profit in the first four months of the year. Bitcoin gained after…