New Delhi, February 02, 2022: Digital Rupee is soon going to be a reality! Yesterday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23. While presenting the Union Budget for 2022-23, in Parliament today, […]
Blockchain will help fight the counterfeit drugs in India. NITI Aayog and Oracle signed a Statement of Intent (SoI) to pilot a real drug supply-chain using blockchain distributed ledger and Internet of Things (IoT) software. Apollo Hospitals and Strides Pharma Sciences will partner in this effort. The SoI was signed by Adviser NITI Aayog, Anna Roy […]
Amitabh Kant, CEO of Niti Aayog, recently participated in a session on Governing Advanced Technologies: Blockchain. He was there with the Prime Minister Narendra Modi and was participating at the World Economic Forum. Talking at the session, he highlighted how Blockchain technology can make a difference to India. He told the audience that in context […]
After Singapore, it is India’s turn to warn consumers about the pitfalls of investing in virtual currencies like Bitcoin. Today, Finance Ministry has taken note of the surge in the prices of these virtual currencies and said that these virtual currencies don’t have intrinsic value and aren’t backed by any assets. It also said that […]
Monetary Authority of Singapore (MAS) has advised the public ‘to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies such as the Bitcoin. Bitcoin it is as the MAS felt ‘concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, […]
The momentum set by the first day of the Curtain Raiser to Global Conference on Cyber Space (GCCS) 2017, was well maintain on the second day. The conference, among other things, focused on blockchain technology under the title “Blockchain: The Biggest Paradigm Shift.” Calling this technology the Internet 2.0: Reimagining Trust Management it was proclaimed to […]
Bitcoin markets have shrugged off the Bitfinex hack in which hackers reportedly stole 119,756 bitcoins worth about $70 million at current prices. The exchange has halted all trading activities, as well as temporarily suspended all digital tokens deposits and withdrawals. The market has steadied now, and bitcoin is trading with a bullish bias at $553. Source: TradingView […]
California-based digital currency wallet Coinbase has added support for Ethereum to enable users to easily buy, sell, send and receive Ether in their wallets. Ethereum is a decentralized platform for applications, similar to the bitcoin blockchain. Ether is a cryptocurrency, similar to bitcoin. Users interested in trading or exchanging Ether can do so by visiting […]
That India has been left behind in the fintech race cannot be questioned by anyone. However, the nation seems ready to embrace the fintech revolution which involves the blockchain technology and the cryptocurrencies such as bitcoin, litecoin, dogecoin, and others. Bangalore-based leading IT services company Mphasis has unveiled India’s first Centre of Excellence (CoE) for […]
Japan’s internet giant Rakuten is in talks to buy IP assets of bitcoin payments-processing company Bitnet Technologies Ltd., according to latest report from The Wall Street Journal. Both the companies have refused to give any official word on the development. Bitnet has operations in Payments, Digital Asset Management, Blockchain Consulting, and Cross Border Remittance. Rakuten […]
