Blockchain & crypto news from India
The Wintermute hack is the latest bug exploit that adds more booty to the overall tally of $1.9 billion worth of cryptocurrencies stolen in 2022. The UK based exchange operates in the De-Fi space, where market makers like Wintermute provide liquidity to big exchanges. Wintermute now owes millions to its debtors. Crypto wallets and addresses…
Ethereum’s big transition to a more energy-efficient framework that developers have been committing for years could be kicked down the road once again as they intend to postpone a so-called difficulty bomb that is designed to slowly boot miners off the blockchain. A special code that is always been a part of Ethereum, the difficulty…
Based in China, a non-profit research institution focusing on blockchain technology, Wanxiang Blockchain Labs announced that it is going to hold the 7th Global Blockchain Summit from September 14-15 in Shanghai. The event will be telecasted on the Internet to attract blockchain enthusiasts around the world. Free registration for the online telecasting can be done…
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,…
Citing long-brewing environmental concerns Elon Musk announced that Tesla Inc. will not be accepting bitcoin for the car purchase. Btc’s power-hunger has provoked a passionate debate about the energy consumption of cryptocurrencies. While efforts are being made to reduce the carbon footprint of digital currency, some investors are getting inclined towards greener alternatives. In fact,…
A tweet from Sandeep Nailwal on Saturday started all this. “Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance”. COO and co-founder of Polygon Sandeep Nailwal has asked to donate…
Vitalik Buterin, the co-founder of Ethereum, recently posted a link that confirms the transaction to Sandeep Nailwal, an Indian entrepreneur who initiated the campaign. The link is the proof of the transfer of 100 MKR and 100 ETH, which is approx. equal to Rs. 4.5 crore ($606,110). The amount is to be used for COVID-19…
Non-fungible tokens (NFTs) have been a matter well discussed, viewed, and analyzed in the crypto space. Vitalik Buterin believes that NFTs if channeled to a relevant and social cause such as charities and funding public goods, will transform its usability, but viewing it as a “casino that largely benefits already-wealthy celebrities” won’t make a social…