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Posts published in “Blockchain News”

Anand Mahindra Invests $1 Mn in Startup, that uses Steem Blockchain

Hapramp is Gurgaon based startup that operates 1Ramp.io, a social media platform powered by Steem Blockchain, Asteria Protocol and GoSocial, their social network. Mahindra Group Chairman has invested One Million US Dollars (~7.5 Crore INR) into a Gurgaon based Startup Hapramp – working on technologies like blockchain and social media. By now, most prominent mainstream media platforms in India have reported this story based on a syndicated news feed. Anand…

Platforms, Signal Operators and Fund Managers Will receive a Trust Score based on Performance, recorded on Smart Contracts

TrustScore is a Universal Score indicating the trustworthiness of an individual or firm based on historical transactions stored in Proof of Reputation based Smart Contracts built on Matic Blockchain. The product was announced on Saturday by Koinfox and one can join the waitlist to use it. Cryptocurrency trading platform Koinfox earlier today announced the launch of TrustScore, a score of an individual or a company that is calculated based on their…

Breaking: Blockchain Firm Registers FIR against UpGrad, ex-Employee for allegedly Stealing Course Material

Gurugram based Tosh innovations has lodged an FIR with Cyber Crime Police against former employee Mayank Vijh for allegedly stealing company’s data and selling it to competitors like UpGrad. The company is accusing UpGrad of knowingly allowing Vijh to conduct the Data and Confidentiality breach, thereby being an accomplice. Blockchain is known for its security and immutability, but we cannot say the same thing about the content that helps you…

DEA Steering Committee Report says Blockchain and ICOs are revolutionising Fintech Landscape

In July, DEA’s report on Virtual Currencies recommended a complete ban on Cryptocurrencies. But, DEA’s 2019 report from Steering Committee on Fintech Related issues acknowledges the potential of Cryptocurrencies, Blockchain and ICOs. The Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic Affairs submitted its Final Report to Finance Minister Nirmala Sitharaman. The report is published on DEA website. The Committee was constituted post…

Libra, Calibra: Facebook’s Digital avada kedavra Magic Money Plan Explained

Earlier in June, Facebook announced its ambitious cryptocurrency called Libra. Libra being termed as a cryptocurrency works on the same underlying technology as other cryptocurrencies, the blockchain. Despite being a cryptocurrency, it is to be noted that Libra has a lot of distinct features that are not seen on other cryptocurrencies. Libra is a permissioned blockchain, where transactions are validated by a consortium of giant corporate companies lead by Facebook,…

Reliance Jio to build one of World’s Largest Blockchain Network in India!

RIL Chairman Mukesh Ambani told shareholders that over the next year, Reliance Jio Infocomm will install one of the world’s largest blockchain networks across India with tens of thousands of nodes operational on day one. “What if I told you this (Crypto Ban) is just being done to scare away folks who are active in Indian Crypto Space to facilitate Jio’s entry?”, this is a text message I received from…

Review of Indian Government Approved Free Blockchain Course Swayam

Swayam, an Indian government initiative to provide access to equal education opportunities, launched a course on Blockchain Architecture Design and its use cases in partnership with IBM. The twelve week course that is conducted by Prof. Sandip Chakraborty and Dr. Praveen Jayachandran covers a wide range of topics necessary for a good foundational understanding of the concepts that power a blockchain. Swayam Swayam is an initiative by the Indian government…

Crypto Protection: Decentralized Exchanges may be a thing of past, meet the latest solution

Canadian exchange QuadrigaCX’s CEO Gerald Cotton died while traveling, in December 2018. They later released a statement saying the crypto tokens in their cold wallets – which are maintained to keep the tokens safe from hackers – were not accessible because the keys were with their CEO, and only he had access to them. “Cold wallets, by their nature, are highly encrypted and were kept off the QuadrigaCX server for…

The story of Peter McCormack against Craig Wright, and why it is serious for Bitcoin community

Craig S. Wright claims to be the creator of Bitcoin aka Satoshi Nakamoto and has brought about a libel lawsuit against podcaster Peter McCormack for $130,000, who also called him a fraud. This is the entire story and why it is important for the Bitcoin community. Background Background for those who aren’t up to date with the events. Craig Wright is NChain’s chief scientist and a proponent of Bitcoin SV…

Telangana Wants to Make Hyderabad the Blockchain Capital of India

Telangana, the newest state of India almost a year after announcing a partnership with Tech Mahindra to create a Blockchain district, has now published a draft policy for Blockchain with incentives to attract companies to the state. Along with financial and non-financial incentives, the policy focuses on four major pillars for increasing blockchain adoption in the state. Developing Talent Pool Supporting Infrastructure Promoting Research and Innovation Enabling Collaboration and Building…