Category: Crypto Currency

Shaktikanta Das, who assumed office as the 25th Governor of the Reserve Bank of India in December 2018, concluded his six-year tenure this week. In his farewell address, Das praised India’s tech-driven advancements in enhancing its financial ecosystem. He highlighted the introduction of the UPI payment system and the advanced trials of the eRupee CBDC…

Australia has been tightening its regulatory oversight across various sectors. In the latest development, the country has imposed a $5.1 million fine (roughly Rs. 43 crores or AUD 8 million) on Kraken, the US-based crypto exchange. Kraken operates in Australia through the digital currency platform Bit Trade, which has been instructed by authorities to pay…

US President-elect Donald Trump opened the New York Stock Exchange (NYSE) on Thursday. While addressing the traders at the NYSE, Trump hinted at the implementation of pro-crypto policies during his term. The fresh expression of support from Trump towards the crypto sector came hours after Bitcoin crossed the $100,000 (roughly Rs. 84.8 lakh) in pricing…

The Bank of England (BoE) is trying to get the sense of how local businesses are viewing and engaging with cryptocurrencies in the UK. In a notable development, the Prudential Regulation Authority (PRA) has issued a directive to local enterprises to disclose their crypto holdings, if any. The PRA is touted as a BOE-affiliated financial…

MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer. The change comes into effect before the market opens on Dec. 23, Nasdaq said. Inclusion in the index typically boosts the stock’s price, as exchange-traded funds looking to replicate…

The crypto market is seeing record gains as Bitcoin’s upward momentum continues to create new benchmarks. Over the weekend, BTC spiked to its new all-time high, exceeding $106,000 (roughly Rs. 89.9 lakh). On Monday, the world’s most valuable cryptocurrency underwent some price correction. At the time of writing, BTC was trading at $104,527 (roughly Rs….

Meta is researching and developing new AI models, that could have potential uses in Web3 applications. The Facebook parent firm has released an AI model called Meta Motivo, that can control the bodily movements of digital avatars. It is expected to make the overall metaverse experience better. The newly unveiled model is expected to offer…

India’s Web3-focussed non-government groups are stepping up efforts to establish international partnerships. On Monday, the India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK-DAO). The aim of this alliance, is to take collaborations on Web3 related education, research, and development initiatives to…

The government has no specific timeline in sight to introduce new regulations for virtual digital assets (VDAs) in India, according to Minister of State (MoS) Finance Pankaj Chaudhary. The progress in regulation of VDAs in India was provided when Chaudhary answered questions from two Members of Parliament in the Lok Sabha on Monday. He also…

The Vishvasya Blockchain Technology Stack. that was unveiled back in September, is now being implemented across an array of sectors. The development was recently disclosed by Jitin Prasada, the minister of state (MoS) for electronics and information technology (MeitY), to the Rajya Sabha. As per Prasada, this technology stack is enabling government officials across multiple…