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Blockchain and Crypto

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It was recently unearthed by Russian authorities that an entire mining hub was being operated inside a psychiatric clinic of Russia’s oldest prison. Yup, you did read that right. An illegal mining hub was being operated inside Butyrskaya prison in the Tverskoy District of central Moscow since last November 2021. It is believed that the rigs operated till February 2022 and during this time they consumed about 8,400 kilowatts of government-paid electricity which amounts to 62,000…

Nobody can deny that the cost of ordinary goods has risen significantly in India in the last year. Inflation has been continuously over the upper band of 6% for the past four months. CPI climbed to a new high of 7.79 percent in April, up from 6.6 percent in March. Food Inflation rose to 8.4% from 7.7% in March followed by Fruits (9.5%), oils and fats (2.5%), spices (2.1%) and cereals (1.1%). Credits: PEXELS India…

Terra Luna has become the talk of the town after it suddenly collapsed when its algorithmic dollar-pegged stablecoin, UST depegged. The mishap was so massive that the entire crypto market slumped down along with it to some extent. Hence, it seems the South Korean Conservative party has requested a parliamentary hearing on the grave matter by inviting many vital members associated with the South Korean Crypto market, especially Terra Luna CEO, Do Kwong to get…

Hey guys, we are sure that you have heard the name of the Latin American country, El Salvador even once, right? Well, why wouldn’t you, it was the first country in history to make Bitcoin a legal tender and it is again back all over the news. However, this time for all the wrong reasons. It is believed that the government had spent around $103 million of the citizen’s tax money to build a Bitcoin…

Every other Crypto YouTuber is scouring charts for the next level of Bitcoin support. The largest digital asset by market cap, is currently trading at $33,000 while I write this article. Some analysts anticipate the digital asset could soon reach the $25,000 mark soon. Ethereum is trading at $2400 and is down by 36.45% from a year before. Even outside of the cryptocurrency markets, the Indian Top 50 Large Cap Index Nifty has slumped to…

As crypto is becoming more of a mainstream thing, the Hawaii State Senate keeping this in mind has recently passed a bill (SB2695) with the signatures of Senator Donovan Dela Cruz and Senator Rosalyn “Roz” Baker to establish a crypto and blockchain task force. Well, this bill was mainly believed to be passed due to an executive order passed in March by the American President, Joe Biden. The objective of that executive order was to Ensure the…

It has come to the notice of experts that the Argentinean government has made its very first move towards introducing its own CBDC (Central Bank Digital Currency). As per a decree published on April 26 numbered 207/2022, the Argentinean mint has been given legal authority to involve itself in investigating, developing, and issuing digital currencies. Before this, the Argentinean mint only had the power or faculties to print the national fiat currency, the Argentine Peso.…

Through this article, we will try to better understand what is a Decentralized exchange, how they work, and learn to access them using Metamask/Trust Wallet. What is a DEX? A decentralized exchange is a platform where transactions occur directly between traders using an Automated Market Maker protocol. All transactions done on a DEX are made directly on the blockchain and are visible publicly. Popular examples of DEXs are Uniswap and SushiSwap which run on the…

On Friday, April 22, it was all over the news that the world’s largest crypto exchange (in terms of Trading Volume), Binance had purposely leaked user data to the Russian authorities. Further, as per a Reuters’ special report, Russian Intelligence agencies wanted Binance to share its user’s data to help them track down users engaged in criminal activity. However, it is reported that the ruling government had an ulterior motive for this which was to…