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….
This week’s biggest news in the crypto industry was the completion of Ethereum’s update, Merge. However, it failed to bring the market out of the bear grip. In the last seven days, Ethereum has plunged over 13 per cent. Bitcoin, the largest digital currency by market capitalisation (m-cap), is down nearly 5 per cent. Almost…
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 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…
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…
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,…
The US inflation for September was recorded at 8.3 per cent year-on-year (YoY), signalling a slower-than-expected fall in high prices. This led to a sharp sell-off in the global markets. The impact of the figures was more pronounced in the crypto market. And according to experts, it is here to stay. “The entire [crypto] market…
There’s no simple answer to how much money you’ll need to save to buy a house. A variety of factors come into play, including the price of homes in your area, your down payment, and your borrowing power. Still, these are some general guidelines you can follow: How Much Cash Do I Need to Buy…
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…
Binance Holdings Ltd.’s billionaire Chief Executive Officer Changpeng Zhao is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Downloads of Binance’s app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor…
