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Wednesday, December 08, 2021

Crypto rules violators may face penalty of Rs 20 crore or 1.5 year jail term: Report

December 7, 2021 10:37:53 pm

According to the proposals, any violators could be fined as much as 200 million rupees ($2.7 million) or imprisoned for 1.5 years.

Bukele steps up El Salvador’s bet on sliding Bitcoin; buys another 150 coins

December 7, 2021 3:16:24 pm

"El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670," Bukele wrote on Twitter.

FBI seized $2.3 million in cryptocurrency tied to ransomware group REvil

December 7, 2021 2:44:42 pm

Authorities seized a crypto wallet containing 40 Bitcoins approx from Aleksandr Sikerin, who is affiliated with a ransomware outfit named REvil.

Ex Sports launches first official Maradona NFT art collection

December 7, 2021 1:54:55 pm

The NFT collection includes a match-worn Napoli jersey, a ball used in a game between Napoli and Spartak Moscow, and a Puma-branded captain’s armband.

Web3 imagines a decentralised web: Here’s what it wants to achieve

December 7, 2021 1:00:42 pm

Web3 isn’t another buzzword or jargon which can be written off. It is the future of the internet. But what exactly is the vision here?

Cybercriminals steal $31 million from DeFi platform MonoX

December 6, 2021 6:09:26 pm

Among the funds lost is $18.2 million in Ethereum and $10.5 million in Matic.

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Cryptocurrency exchange Bitget suspended over row with K-pop band BTS

December 6, 2021 3:24:00 pm

Bitget loses licence after promoting a new K-Pop digital currency, "Army Coin", named after boy band BTS followers.

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A Bitcoin trader lost $2.5 billion in 24 hours, as cryptocurrency market crashes

December 6, 2021 5:29:17 pm

Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.

Here’s what’s fuelling cryptocurrency Euro Shiba Inu’s 25,000 percent surge

December 6, 2021 5:12:21 pm

Euro Shiba Inu is doing phenomenally well thanks to its unique reward programme which allows $EShib owners.

Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated

December 4, 2021 8:58:51 pm

The broad selloff in cryptocurrencies also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%.

Elon Musk endorses Dogecoin again, says it can make DeFi more accessible

December 4, 2021 8:58:49 pm

DeFi systems aim to provide an autonomous and decentralised option for financial services that are otherwise regulated by banks.

Wikipedia co-founder Jimmy Wales is selling his first ever wiki edit as an NFT

December 4, 2021 6:54:24 pm

Christie’s will offer an NFT of the first edit to Wikipedia: “Hello, World!” made by Wales on the day Wikipedia launched.

Cybercriminals steal $120 million from DeFi protocol Badger DAO

December 4, 2021 2:20:06 pm

BadgerDAO is a decentralised autonomous organisation (DAO) focuses on bringing Bitcoin in DeFi applications.

Need global action to regulate, monitor technology, data: Nirmala Sitharaman

December 4, 2021 1:07:21 am

The Union government intends to bring a Bill to prohibit “all private cryptocurrencies in India” with “certain exceptions”.

Mukesh Ambani backs data privacy, cryptocurrency bills

December 3, 2021 9:11:48 pm

Ambani also said that he was a big believer in blockchain technology.

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American rapper Pitbull inks multiyear deal with NFT platform Oneof: Report

December 3, 2021 5:02:45 pm

NFTs enable users to own rare digital artefacts through the blockchain network that backs cryptocurrencies.

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Meta relaxes cryptocurrency advertisement policies, expands regulatory licenses from three to 27

December 3, 2021 3:10:56 pm

Meta has expanded the number of accepted regulatory licenses from three to 27, and has made that list public for the first time.

Jack Dorsey chases crypto, fintech dream post Twitter

December 1, 2021 8:57:13 pm

Jack Dorsey has been a longtime proponent of bitcoin, and the appeal is that the cryptocurrency will allow for private and secure transactions with the value of bitcoin unrelated to any government.

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NFT sales might surge to $17.7 billion by the end of 2021: Cointelegraph Research

December 1, 2021 4:30:13 pm

Sales of Non fungible tokens (NFTs) have grown from $41 million in 2018 to $2.5 billion in the first half of 2021, representing a 60-fold growth in three and a half years.

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Cryptocurrency exchange Binance fixes Dogecoin withdrawal issue, days after Elon Musk’s comments

December 1, 2021 7:34:36 pm

This development comes after Tesla CEO Elon Musk brought up the issue on Twitter on Tuesday, arguing that Binance’s DOGE withdrawals problem was “shady.”

Solana claims 1 transaction on its network consumes less energy than 2 Google searches

November 30, 2021 7:43:18 pm

A single transaction on Solana network uses 0.00051 kilowatt-hour (kWh), or 1,836 Joules, of energy, while an average Google search uses 0.0003 kWh or 1,080 Joules of energy.

From ban to regulation, cryptocurrency’s journey so far in India

December 1, 2021 1:17:27 pm

Here we examine the regulatory journey of cryptocurrency in India— from ban to regulation.

Adidas HR head resigns as company addresses diversity issues

Adidas announces partnership with cryptocurrency exchange Coinbase, laces up for metaverse

November 30, 2021 6:42:32 pm

Adidas took to Twitter to state that it is partnering with the cryptocurrency exchange Coinbase.

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Yet to take calls on cryptocurrency ads, monitoring NFT too: FM Nirmala Sitharaman

November 30, 2021 4:05:24 pm

Finance Minister Nirmala Sitharaman noted that the government has not taken a call on banning advertisements by cryptocurrency exchanges.

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AMC, Sony to offer NFTs to people who purchase advance “Spider-Man: No way Home” tickets

November 29, 2021 7:14:53 pm

As many as 86,000 NFTs will available for this unprecedented Sony and AMC celebration of the release of Spider-Man: No Way Home.