According to a story in India’s local daily the New Indian Express this morning, lawmakers are considering classifying Bitcoin as an “asset” regulated by the Securities and Exchange Board of India (SEBI). Regulation for Bitcoin incoming? SEBI will be in charge of overseeing Bitcoin activities in India and classifying it as a valid, regulated ‘asset.’…
If you’ve spent more than a few minutes on the Internet in the last few weeks, you’ve probably heard about NFT, a new phrase that’s circulating in the computer world. Notably, the digital artist Beeple’s technology works sold for almost $ 70 million at the Christie’s Auction in March. But, exactly, what is an NFT,…
Bitcoin and Ethereum transaction fees sink 95% from all-time highs Reduced network activity is resulting in lower fees for Bitcoin and Ethereum as both recede heavily from their all-time highs. The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over…
If the $450 million investment round allegations are genuine, Solana, one of Ethereum’s main competitors, may have taken a huge step toward being the blockchain of choice for decentralized applications like Defi and NFTs. The Solana official did not confirm or deny the charges, but neither did he deny them either: “Our team did not…
El Salvador’s Congress approved a law on June 9 that makes Bitcoin, the world’s largest cryptocurrency, legal tender in the country. The Central American nation has become the first to recognize Bitcoin as legal cash. Its legal tender status will be established in 90 days. The move came after President Nayib Bukele announced on June…
Since last year, the popularity of cryptocurrencies has exploded in India, as more investors try their luck in the lucrative virtual coin trading market. In 2021, Indian cryptocurrency exchanges confirm that they would be adding more users to their platforms. Cryptocurrency exchanges are optimistic that the burgeoning asset class would continue to draw more investors…
