Nishanth Shetty

Nishanth Shetty is a technical writer, author and a crypto-advisor working at CoinDelite. Based in the city of dreams, Mumbai, on the west coast of India. He holds bachelors degrees from Mangalore University. Nishanth has a myriad experience of technical writings for tech brands. His interests include technology, travel, and food.

Ripple CEO: Blockchain Will Change Global Payments | Coindelite News
Ripple News

Ripple CEO: Blockchain Will Change Global Payments

Brad Garlinghouse, CEO of Ripple spoke about blockchain technology at the Singapore Fintech Festival with IMF’s Deputy General Counsel. The CEO sat down with Ross Leckow, IMF’s Deputy General Counsel. Both of them agreed that the distributed ledger would change the world of global payments as the International Monetary Fund engages …

PBoC Says Cryptocurrencies Won't Replace Fiat Money | Coindelite News
Cryptocurrency News

PBoC Says Cryptocurrencies Won’t Replace Fiat Money

The People’s Bank of China (PBoC) has shown its confidence in the superiority of the fiat currency and while speaking against cryptocurrencies. China’s central bank has denied acknowledging blockchain and its derivatives as catalysts for financial innovation. The PBoC said that none of these technologies was able to disrupt the …

MUFG To Use Ripple for Cross-Border Payments | Coindelite News
Ripple News

MUFG To Use Ripple for Cross-Border Payments

Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG bank) and Brazil’s Banco Bradesco are going to partner with Ripple for a new cross-border payment service. The MUFG bank recently published a press release announcing that the two banks have signed a Memorandum of Understanding (MOU), aiming to co-develop the system. …

Iran Develops National Cryptocurrency | Coindelite News
Cryptocurrency News

Iran Develops National Cryptocurrency

Iran has finally announced the development of its national digital currency that is backed by the local fiat money, the rial. After getting approvals from the Central Bank of Iran (CBI), the yet-to-be-named cryptocurrency will be issued for banking institutions for testing payments. Seyyed Abotaleb Najafi, Chief Executive Officer at …

Bahama Announces Cryptocurrency Regulations | Coindelite News
Cryptocurrency News

Bahama Announces Cryptocurrency Regulations

The Central Bank of The Bahamas (CBOB) has published a document which describes how it intends to regulate cryptocurrencies. The regulation includes Initial Coin Offerings (ICOs) as a part of decreasing the tax evasion, fraud, and money laundering. The regulation makes it clear that only the state-issued cryptocurrency will be …

Blockchain News

Malaysia To Setup Degrees On Blockchain Technology

Ministry of Education (MOE), Malaysia has created a new consortium of universities to track blockchain technology to deal with the massive industry in fake certificates. The Ministry of Education has published a press release regarding the new idea over the blockchain. A Twitter post says that six universities have introduced a …

Chinese Central Bank Warns Against Cryptocurrencies | Coindelite News
Cryptocurrency News

Chinese Central Bank Warns Against Cryptocurrencies

These days it is very rare to find any positive stories coming out of China with cryptocurrency in the headlines. The central bank of China has again warned its citizens against cryptocurrency investments. The People’s Bank of China (PBoC) has announced the risks associated with digital currency investments. Xu Zhong, Director of research …

Hackers Targets to Steal Bitcoins from Gate.io | Coindelite News
Crypto Hack

Hackers Targets to Steal Bitcoins from Gate.io

The cryptocurrency space has been a victim of various cryptocurrency hacking, cryptojacking, scams, and more. Recently Cybercriminals hacked StatCounter, one of the largest website traffic analytics platforms. The hackers transferred malicious code into more than 600,000 websites. The purpose was to gain access to Bitcoin held at the cryptocurrency exchange …

French Lawmakers Decreases Crypto Tax by 6 Percent | Coindelite News
Cryptocurrency News

French Lawmakers Decreases Crypto Tax by 6 Percent

French lawmakers have done minor changes to the 2019th budget bill which will decrease capital gains tax on Bitcoin sales to 30 percent from 36.2 percent. This would make digital currency transactions in line with other non-real estate assets that are taxed at a flat rate of 30 percent. According to …

Thai's Minister Calls For More Crypto Regulations | Coindelite News
Cryptocurrency News

Thai’s Minister Calls For More Crypto Regulations

Wissanu Krea-ngam, the Deputy Prime Minister of Thailand, has called for more regulations on cryptocurrencies. Earlier this year Thailand introduced a regulatory framework for cryptocurrencies. Krea-ngam said that new measures must be introduced both domestically and internationally. Krea-ngam was recently a part of the Counter-Terrorism Financing Summit. Meantime, he said …