The Indian Ministry of Finance has responded to several inquiries on cryptocurrency trading in India, as well as crypto regulation and investor protection. The proposals in the draught bill provided by the interministerial committee are still being evaluated, according to the minister of state for finance. The Indian government responds to questions about cryptocurrency On…
When miners reach block #12965000, Ethereum will fork. Around the 4th or 5th of August, that block will be achieved. The Ethereum blockchain is currently at block 129512300, indicating that there are less than 20,000 blocks till the London hardfork occurs on the network. What is EIP-1559 and how does it change Ethereum? The Ethereum…
Regulators must collaborate with technological professionals to address crypto-crimes such as money laundering and terrorism financing. New Rules and Technologies are required for Digital Currencies Even though digital currencies have been around for a decade, the regulatory systems that regulate them are fragmented, ineffectual, and in some cases non-existent. Illicit activities flourish as a result,…
NEW DELHI: Until now, Bitcoin as payment and other cryptocurrencies have been viewed primarily as an asset class in which to invest in order to profit from price appreciation. Despite government concerns, a Desi business begins accepting Bitcoin as payment. Some businesses in the United States have begun to accept them Bitcoin as payment currencies.…
Cardano Will Allow Users to Run Smart Contracts Once Hard Fork Occurs Users will be able to deploy smart contracts once the Cardano hard fork happens. Charles Hoskinson believes most of the upcoming upgrades will happen between August and September this year. ADA is currently priced at $1.37, down from its all-time high of $2.45.…
In an earnings call, CEO of Mastercard stated that the company’s presence in the cryptocurrency space is critical. Traditional financial services platforms are attempting to adapt to the changing financial ecosystem as cryptocurrency adoption becomes more widespread. Payment processors such as Mastercard and Visa intend to use their large client base and international reach to…
