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The National Payments Corporation of India (NPCI) is looking to expand in the blockchain industry by hiring a head of blockchain. The company posted a new LinkedIn position titled “Head of Blockchain.” The new hire will lead the institution’s expansion towards using blockchain technology and research into payment systems in India. The position demands a high knowledge of the blockchain industry and previous experience working on blockchain projects of at least 16 years. The job post also shows that the NPCI plans to conduct proofs-of-concept (POC) for blockchain projects in collaboration with various teams to establish feasibility and proposed efficiency/ cost/ security improvements. You might also like: Indian authorities urged to restore access to UPI for crypto exchanges The UPI development in India The UPI (Unified Payments Interface) payment s system is a real-time payment system developed by the National Payments Corporation of India (NPCI). ...

In a recent update shared by crypto exchange Gemini, it was revealed that Barry Silbert’s Digital Currency Group (DCG) missed a $630 million payment to its subsidiary Genesis Global Capital earlier this month. Genesis filed for bankruptcy protection in January. Gemini, a major creditor to Genesis, stated that it’s actively collaborating with Genesis and other creditor groups and considering to provide forbearance and avoid a default situation. “Consideration will be based in part on whether the parties believe DCG will engage in good faith negotiations on a consensual deal,” Gemini ’s update read. The total amount owed by DCG’s Genesis to Gemini stands at $900 million. Earlier in May, Gemini warned that DCG was at risk of default if a $630 million debt payment was not made to Genesis’s bankruptcy estate. Gemini founder Cameron Winklevoss accused DCG of engaging in “bad faith stall tactics” and threatened to pursue legal action against Silbert and DCG. In the latest...