The crypto sector, despite having seen notable expansion in several parts of the world, is still struggling to safeguard its community against cybercrimes. Coinbase and Kraken are among popular crypto firms that have joined a newly formed industry group that intends to figure out ways to combat the cyber threats looming over the sector. The…
Bitcoin price on Friday rose by 0.69 percent, bringing the value of the world’s most widely used cryptocurrency to $68,600 (roughly Rs. 57 lakh) on international exchanges like CoinMarketCap. On national exchanges like WazirX and CoinDCX, the digital asset is trading at a slightly higher price of $71,930 (roughly Rs. 59.8 lakh). Bitcoin has hovered…
Ocean Mining, a Bitcoin mining pool backed by Block head Jack Dorsey, has established its global headquarters in El Salvador. The country’s pro-crypto policies are what attracted this crypto mining pool to move there. Crypto mining operations are known to be very power intensive, which has led to several nations discouraging and even banning these…
The Reserve Bank of Indi’s (RBI) eRupee or central bank digital currency (CBDC) is currently in an advanced trial phase with multiple national banks assisting the RBI in rolling out the digital currency. The usage of eRupee in the retail sector reportedly increased over the past year, according to data from the RBI. On the…
Mastercard is exploring ways to simplify crypto transactions, which could lead to the mass adoption of these digital assets for day-to-day businesses. The US-based cards payments giant has introduced a new initiative to assess the use of its Crypto Credential programme. The aim of this programme is to ensure that people do not send crypto…
Metaverse technology has seen increasing adoption across multiple industries over the past few years. A report by research firm InsightAce Analytica has detailed the impact that metaverse technology is projected to have on the global healthcare sector. One of the main improvements that the metaverse is expected to show in the healthcare sector will be…
Hong Kong’s Securities and Futures Commission (SFC) will soon inspect crypto firms in the region ahead of a deadline to obtain licences to operate in the region. The regulator has been shifting its focus to strengthen compliance criteria for crypto firms in order to safeguard the sector against exploitation and financial crimes. The aim is…
Algorand is expanding its presence in India’s blockchain sector, one step at a time. This week, Algorand Foundation’s India-focussed initiative called AlgoBharat, announced an app developer programme to train Indian engineers in blockchain development. Nasscom, the country’s primary non-government tech trade body, has joined forces with Algorand to ramp up blockchain training. In fact, Algorand’s…
Brazil has reportedly halted the pilot testing of Drex, its central bank digital currency (CBDC), The pilot of the country’s first CBDC will take place by 2025, as the Central Bank of Brazil has found blockchain privacy solutions to be insufficient, which could cause financial inconvenience to Brazilian nationals, according to a report that states…
The Worldcoin project, led by OpenAI’s Sam Altman, has announced that it will introduce more Orbs for verifications soon. The announcement comes days after the project was barred from operating in Hong Kong. Despite the threat of being banned in multiple parts of the world, Worldcoin has shown no signs of halting. Developed by the…
