WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs. 8,315 crore) in terms of…
The NFT-backed Web3 gaming ecosystem is showing big promise in the next few years. A recent report by Fortune Business Insights has forecasted that the blockchain gaming market would be churning up to $614 billion (roughly Rs. 51,07,086 crore) in the next seven years leading to 2030. The category of role-playing games (RPGs) is projected…
The outlook of the investor community towards cryptocurrencies is, needless to say, an ever-evolving landscape. Several governments from around the world are working to regulate the crypto sector, given that the industry has amassed a large community worldwide in recent years despite its volatile nature. There are two big reasons driving the crypto craze internationally…
The buzz around the Worldcoin project rose and fizzled in days around August this year. Some much needed support from OpenAI CEO Sam Altman to this project, however, has propelled the Worldcoin initiative back onto the headlines. Altman was recently speaking in an interview when he lauded the concept of the Worldcoin project. The web3…
The month of December proved to be quite lucrative for the overall crypto market, but it brought in expansive business into one particular ecosystem; Solana’s. From Solana’s native cryptocurrency SOL trading on the upper side of the price ladder the past few days and Solana-based NFTs seeing sell outs, the Solana ecosystem was already showing…
The overall crypto market cap rose by 110 percent year-to-date owing to a bunch of market-reviving milestones that garnered pace around the end of October this year. During this time, which bulked up the crypto market cap to stand at $1.6 trillion, investors were not quite shy about engaging with some new crypto tokens on…
After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including…
The US Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange said it plans to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally…
India is standing on the cusp of embracing the crypto sector, but well within a concrete legal framework to safeguard its nationals against any financial risks. Before that happens, the country is laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems. This update was shared recently by…
Bitcoin has slowly begun to regain value after a price correction period. On Friday, the world’s most widely used cryptocurrency rose by 0.22 percent, bringing its value to $42,854 (roughly Rs. 35.7 lakh). The most expensive cryptocurrency, Bitcoin has been reeling under losses after maintaining a gain streak for several days. It tumbled from its…
