Hey, Your Crypto Newsletter for March 09, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...]( [TOP 4 BLOCKCHAIN RISKS A CIO SHOULD KNOW]( Enterprises in every sector are trying to adopt blockchain technology and build various blockchain-based platforms and applications to benefit from its features, such as its decentralized nature, distributed ledger technology, transparency, privacy, etc. Although blockchain’s technical implementation is increasing every day, so are the blockchain risks associated with this advancement. It is essential to identify blockchain risks and plan security measures to eliminate the threats or mitigate their impact on the entire organization.  Blockchain technology could be a boon for your organization’s technical evolution. However, you might be worried about the blockchain risks that come with it. This blog will cover everything you need to know about the various risks you have to pay attention to achieve efficient and effective results from blockchain products.  Types of Blockchain Risks The four significant blockchain risks are as follows: 1. Vendor Risks With enterprises widely adopting digital ledger technology and decentralization to create blockchain-based platforms and applications, the need to take new measures to provide more security arose. This led companies to use third-party applications and platforms for blockchain payment platforms, wallets, smart contracts, and more. [Read More](   [Key update could send cryptocurrency ether even higher](  A technical change could see ether, the world’s second-favourite cryptocurrency – already up by 600% in the last year – soar even higher. Saloni Sardana explains the reasons behind the change.  Cryptocurrency prices, which have swelled in value over recent months, just received another unusual boost: a change in the number of “ether”, the tokens used on the Ethereum blockchain, reports Bloomberg. Ether is the second biggest cryptocurrency by market cap, lagging only behind the world’s most popular cryptocurrency, bitcoin.  Crypto-sceptics may argue whether ether really needed another boost – it is up by more than 600% in the last year alone, with bitcoin up by around 460% in the same period, despite bitcoin being endorsed by a number of high profile billionaires, including the one and only Elon Musk (who revealed last month that his company Tesla had bought more than 1.5 billion bitcoins), and a wave of institutional investors piling in.  So, what are ether and Ethereum and why have they done so well? The terms ether and Ethereum are often used interchangeably, but a slight difference exists. Ethereum is the decentralised blockchain platform technology, which uses ether (ETH) as its own native cryptocurrency. Ether can be considered the fuel that is required to power the network, with Ethereum acting as the network itself. Ethereum shot to fame for its ability for developers to execute “smart contracts” on its network. Like all blockchains, the Ethereum blockchain is widely considered to be immune to cyber hacks and, once settled, transactions cannot be modified. Ether’s supply is growing approximately by around 10% a year. [Read More](  [India’s Bitcoin Exchanges Breathe Sigh of Relief As Gov Reconsiders Crypto Ban]( As the Indian finance minister tones down the government’s previous position that fuelled fears of a total crypto ban, India’s crypto industry welcome the remarks as a sign that a regulatory framework is in the making. - India’s finance minister said the government encourages a window of experiment for crypto. - Indian crypto industry representatives told Decrypt it could mean that a total ban is off the table. After much speculation about whether India will introduce a blanket ban on crypto, the government has finally dropped a major hint that it will not do so. The Indian crypto industry representatives told Decrypt that their constructive engagement with the government has paid off.  Nirmala Sitharaman, India’s Finance Minister, said yesterday on India’s business channel, CNBC-TV18, that the government’s position on crypto will be “calibrated” and it wants to make sure there’s “a window available for all types of experiments in the crypto world.”  “A lot of negotiations and discussions are happening around cryptocurrency with the Reserve Bank of India,” she said. “[India’s Central Bank] will be taking a call on what kind of unofficial cryptocurrency will have to be planned and how it has to be regulated.” [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on Facebook and Twitter [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. 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