This 2021 investment rage is Collins Dictionary’s word of the year

The Collins Dictionary chose NFT as the word of the year after an increase in interest in digital tokens that could sell for millions of dollars, which led to them appearing in the mainstream. NFT is an acronym for Non-fungible Token. Collins defines it as a unique digital certificate, registered on the blockchain, that is … Read more

Cryptocurrency is here to stay: Paytm founder Vijay Shekhar Sharma

“I am very optimistic about cryptocurrencies. They are mainly based on cryptography and in a few years the mainstream technology will be like the Internet which is (now) a part of everyday life,” he said. Fintech Paytm founder Vijay Shekhar Sharma said Thursday that the cryptocurrency is here to stay and is primarily based on … Read more

A crypto wallet could solve India’s problems, think tank Policy 4.0 suggests

The Indian government announced on Tuesday that it will introduce a crypto-currency bill with 25 others in the upcoming winter session of Parliament starting on November 29. The government has been on the sidelines about the use and trade of cryptocurrencies in the country and was concerned about the use of these ÔÇťallegations to lure … Read more

Cryptocurrency ban conversations bring Clubhouse to life again

The government’s proposal to ban all private cryptocurrencies with a few exceptions has once again sparked conversations on the acoustic social platform Clubhouse. Groups including All India Startups, and Cryptocurrency took to the platform late Tuesday night after announcing the legislative agenda for the Winter Parliament session which included the Cryptocurrency Bill, 2021. Clubhouse has … Read more

Here’s everything you need to know about RBI’s digital currency

The government is ready to create a framework for creating an official digital currency issued by the Reserve Bank of India (RBI). A bill in this regard will be submitted to the winter session of Parliament. RBI has been studying many issues related to the official digital currency from its technological architecture to its use … Read more

Crypto Blockchain Industries sells NFTs linked to French DJ David Guetta

French fintech company Crypto Blockchain Industries, whose shares have surged since its October listing, announced on Monday the sale of non-fungible tokens (NFTs) linked to French DJ star David Guetta. Crypto Blockchain Industries said the sale of NFT raised more than $250,000 to United At Home, a charitable organization co-founded by Guetta. Non-fungible tokens (NFTs), … Read more

Crypto assets pose risks to financial system, close monitoring is needed: IMF

Amid the euphoria over cryptocurrencies, the International Monetary Fund (IMF) said crypto assets pose risks to various aspects of the financial system, and also called for the financial stability risks they pose to be closely monitored. In response to a question about media reports that the Indian government may prevent the use of crypto assets … Read more

PM Modi urges democracies to ensure cryptocurrencies do not ‘end up in the wrong hands’

Indian Prime Minister Narendra Modi urged cooperation among the world’s democracies to ensure that cryptocurrencies such as bitcoin do not “end up in the wrong hands,” and made comments as his government instituted new rules for digital currencies. Modi did not articulate those concerns in his speech roughly at the Sydney Dialogue, a forum focused … Read more