Blockchain

Blockchain News

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’
World

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’

Mining requires enormous computing power, which translates to huge energy consumption and, in many areas, greater greenhouse gas emissions at older power plants

Why digital innovation is important to foster growth in Indian agriculture
Business

Why digital innovation is important to foster growth in Indian agriculture

While celebrating the transformation of agriculture, we must also evaluate each tech intervention through two lenses: scalability and sustainability

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain
Business

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain

The finance minister's remarks come ahead of the launch of the budgetary announcement of CBDC which is based on the blockchain technology and billed as being similar to paper currency

Future of fashion in NFTs: How the pandemic has pushed designers to embrace blockchain technology
Arts & Culture

Future of fashion in NFTs: How the pandemic has pushed designers to embrace blockchain technology

“The digital age is a reality, and sooner or later, NFT will make a strong impact but the only thing which needs to be seen is the regulation, consumption pattern, and the impact it will bring in the fashion space. Will it be a disruptor or a supporter, that time will tell."

How technology has created new avenues for digital financial inclusion
Business

How technology has created new avenues for digital financial inclusion

The number of active internet users in India is expected to increase by 45 per cent in the next five years and touch 900 million by 2025 from around 622 million in 2020

Indian Boxing Council, TIAR announce 'people-owned' pro boxing league
Sports

Indian Boxing Council, TIAR announce 'people-owned' pro boxing league

The Hellsbay Fight League (HFL) is planned to be held outside India in August, and will run on a "unique concept of people's ownership".

How FinTech will shape up in 2022
Business

How FinTech will shape up in 2022

The current focus of the RBI is on – regulating licensing of payment aggregators, regulation of payments data, and discussions around regulating cryptocurrency and digital lending.

Fintech allows small players to compete, rewards those that effectively address consumer needs
Business

Fintech allows small players to compete, rewards those that effectively address consumer needs

With real-time banking capabilities getting enhanced by Fintechs, it has led to higher visibility of cash flow making banking services more effective

Next year's I-T return to have separate column for crypto income, says Revenue Secretary Tarun Bajaj
India

Next year's I-T return to have separate column for crypto income, says Revenue Secretary Tarun Bajaj

Bajaj said gains from cryptocurrencies were always taxable and what the Budget proposed is not a new tax but providing certainty over the issue

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works
Business

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works

Finance minister Nirmala Sitharaman on Tuesday announced that the Reserve Bank of India (RBI) will soon introduce digital currency based on blockchain technology.

Are things looking up for India at Makar Sankranti, a time for new beginnings?
India

Are things looking up for India at Makar Sankranti, a time for new beginnings?

Let us consider a few things that make it look like India is on the upswing, while sounding a few notes of caution

E-voting to become reality soon? Here’s what Election Commission should do before going for blockchain polls
Politics

E-voting to become reality soon? Here’s what Election Commission should do before going for blockchain polls

Countries such as the United States, Argentina, Russia, Estonia, Thailand and South Korea in the past have utilised the blockchain methods for conducting voting processes for their citizens

LaLiga joins blockchain world and launches NFTs to give clubs new revenue stream
Sports

LaLiga joins blockchain world and launches NFTs to give clubs new revenue stream

The Spanish league is the first of the top five football leagues to sign a major NFT partnership, according to Sorare, which has Griezmann as an investor and Gerard Pique as an strategic adviser.

Bitcoin mining is an energy guzzler and neither your office nor home computer are up to it
World

Bitcoin mining is an energy guzzler and neither your office nor home computer are up to it

Mining is a central operation in the Bitcoin universe as it not only facilitates the creation of new Bitcoin but also keeps the entire Bitcoin system of recording transactions running

The more things change, the more they stay the same: A short story about art and NFTs
Arts & Culture

The more things change, the more they stay the same: A short story about art and NFTs

While browsing through the Instagram handles of galleries and museums publicising online viewing rooms and socially distanced preview evenings, Mrs Q stopped at this wordy headline: A non-fungible token by American artist Beeple sold for $69 million at Christie’s — the most expensive ever sold at an auction.

LVMH, Prada use blockchain to let consumers access product information, in a bid to promote transparency
Tech

LVMH, Prada use blockchain to let consumers access product information, in a bid to promote transparency

Luxury groups have long worried about fake copies of their products, and they are keen to let customers know about how they are made in order to build their brands.

Will NFT trend in art prove to be next frontier in trading, or merely a new form of 'tulip mania'?
Arts & Culture

Will NFT trend in art prove to be next frontier in trading, or merely a new form of 'tulip mania'?

Since the 17th century, tulip mania has become a byword for the irrationality of financial bubbles.

How two crypto investors spent $70 million on a Beeple piece, securing their place in art history
Tech

How two crypto investors spent $70 million on a Beeple piece, securing their place in art history

Vignesh Sundaresan and Anand Venkateswaran describe the nerve-racking final moments of the online auction for a collage of 5,000 images by the artist known as Beeple.

Decoding the allure of crypto art: Manufactured scarcity, the social construct of value drive demand for NFTs
Arts & Culture

Decoding the allure of crypto art: Manufactured scarcity, the social construct of value drive demand for NFTs

Some crypto artists, who have felt excluded by the mainstream art world, say they have found more support in the crypto community and can now earn a living making art.

India Today Conclave: India will not 'shut off all windows' for cryptocurrency, says Nirmala Sitharaman
Business

India Today Conclave: India will not 'shut off all windows' for cryptocurrency, says Nirmala Sitharaman

Speaking at the India Today Conclave on 14 March, Sitharaman said that a Cabinet note is being prepared on the issue of formulation of cryptocurrency in India