Page 2 - Blockchain

Ethereum blockchain to undergo major software upgrade to cut energy use

'Merge' software upgrade to take place in coming days; Google estimates Merge will happen on Thursday

Big Eyes Coin: Next-generation Platform Set To Compete With Ethereum And FTX

The crypto space is currently on the verge of a significant transformation. In September 2022, Ethereum (ETH), the second largest cryptocurrency network, is set to make a big move. Initially operating

Cryptos' volatility seen leading to purge of 'Merge frontrunners'

Speculators have scooped up Ether call options with traders waging the token's price could rise to around $2,200 in September in the past few weeks

Meta rolling out expansion of NFT support on Instagram to 100 countries

Meta CEO Mark Zuckerberg said that the company is beginning the international expansion of non-fungible tokens (NFT) support on its photo and video-sharing platform Instagram

Crypto takes a new hit as thousands of Solana wallets hacked

In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network

ED serves FEMA notice to cryptocurrency exchange WazirX: Minister

The Directorate of Enforcement (ED) has served crypto exchange WazirX a notice under the FEMA Act, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha. The ED is investigating two cases related to crypto-currency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a written reply to the Rajya Sabha. "In one of the cases, investigation done so far has revealed that one Indian Crypto-exchange platform, Wazirx, operated by Zanmai Labs Private Limited in India was using the walled infrastructure of Cayman Island based exchange BINANCE. Further it has been found that all crypto transactions between these two exchanges were not even being recorded on the blockchains and were thus cloaked in mystery," he said in a written reply on Tuesday. Reacting to the Parliament's reply, WazirX said it has not been served a notice for money laundering. According to the minister, a Show Cause Notice (SCN) has been issued under the provisions of FE

Cryptocurrency service Nomad loses $200 million in hack, says report

Cryptocurrency service Nomad has suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours.

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

India needs to have progressive regulation for crypto assets: Experts

Blockchain technology is needed and can be used in governance, they say

Microsoft's Minecraft junks Blockchain-based NFTs on its platform

Popular Microsoft-owned game Minecraft has announced not to support non-fungible tokens (NFTs), giving a shock to the Blockchain developer community

Dubai's metaverse plan targets 40,000 virtual jobs in next five years

Government aims to develop global standards in building safe and secure platforms for users and develop infrastructure and regulations to accelerate adoption of these technologies, WAM news said

Non-fungible token marketplace OpenSea lays off about 20% of employees

On the microblogging site Twitter, the CEO shared a note that said "today is a hard day for OpenSea, as we are letting go of 20 per cent of our team"

Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion

"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire

Crypto lender Celsius files for bankruptcy in New York after sharp sell-off

New Jersey-based Celsius froze withdrawals last month, citing 'extreme' market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market

Towards Blockchain driven communications, logistics and financial security

Siddharth Acharya and Prateek Joshi

Crypto exchange FTX has 'a few billion' to support industry, says CEO

Bankman-Fried, who is from California but lives in the Bahamas where FTX is based, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have faltered

Chinese tech firms pledge to ban NFTs, cryptocurrency marketplaces

Chinese internet and tech giants on Monday signed an initiative to ban cryptocurrency and digital collectibles (NFTs), along with a promise not to establish secondary marketplaces.

What is Web 5.0?

The internet has come a long way. The upcoming web 3.0 boasts of decentralisation as its bedrock. And now, former Twitter CEO Jack Dorsey has announced Web 5.0. Let us find out more about it

Blockchain startup Newrl eyes 10% tokenisation market share by 2023

A public blockchain for decentralised finance, Newrl has developed tokenisation-based equity solutions for unlisted companies offering ESOPs

DeFi can't hold a candle to the centuries-old trust-based system hawala

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success