Author Archives: Darren Marchal

Govt working on GST on crypto transactions, defining legal framew

The government is working on a comprehensive indirect tax regime for crypto assets, which will check revenue loss to the exchequer due to the uncertain nature of these assets, reported Livemint on Monday. Nirmala Sitharam-led finance ministry is planning to define the characteristics of cryptocurrencies, their use, and how they fit into the existing legal…

Fast-tracking of status on cryptocurrency assets may be in works

India may soon have a greater clarity on regulation of crypto assets as the government has stepped up efforts in that direction. The recent meeting of the Financial Stability and Development Council (FSDC), chaired by Union Finance Minister Nirmala Sitharaman, impressed upon the members the need for a clear consensus on the legality of cryptocurrencies….

Blockchain trilemma: What’s next for Ethereum after long-aw

After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project. The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network. There was no changes related to network transaction costs…

Ethereum upgrades technology to cut CO2 output by 99%: Report

Ethereum has completed a key revamp of its blockchain network, marking the crypto world’s most-ambitious software upgrade to date. As a result, Ethereum’s carbon consumption will decline by an estimated 99 per cent. Called the Merge, the upgrade completed in the early hours of Thursday, Ethereum co-founder Vitalik Buterin tweeted. The change replaced power-hungry computers…

Indian blockchain industry hails Ethereum upgrade for greener cry

The Indian blockchain industry on Thursday hailed the historic upgrade of Ethereum, known as the ‘Merge’, that will create a more energy-efficient network based on the second largest cryptocurrency (after Bitcoin) with a promise to save the environment. The Merge was the most complicated upgrade to Ethereum to date– from a proof-of-work consensus mechanism to…

Ethereum blockchain slashes energy use with ‘Merge’ s

By Elizabeth Howcroft and Maria Ponnezhath LONDON (Reuters) -The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95% less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created,…

12 Financial Tips for Young Adults

Financial independence is a huge milestone for any young person. It marks the point at which you are no longer relying on your parents or guardians to support you financially and are instead responsible for managing your own finances. For many young people, this can be a daunting prospect. After all, financial management is not…