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…
The US SEC approved eight exchange traded funds (ETFs) for Ether this month. Through ETFs, investors can engage with Ether trading via traditional stock markets – rather than having to use a crypto exchange ecosystem. Interested members of the investor community will be able to check out ETH ETF listings on Nasdaq, CBOE, and the…
The European Blockchain Observatory and Forum (EUBOF) has given a heads up to the European Union (EU) to get prepared to handle the upcoming era of decentralised AI networks. In a report addressed to the EU, the EUBOF said that the merging of blockchain and AI is surfacing as a trend in the tech industry…
Lawmakers from the US have come together to vote in favour of a crypto bill, called the Financial Innovation and Technology for the 21st Century Act (FIT21). In a rather historic moment, 279 out of 136 members of US’ House of Representatives gave a green light to this bill on May 22. In the US,…
India’s CoinSwitch crypto exchange published the third edition of its Proof of Reserve (PoR) on Thursday, May 23. The report claimed that the worth of total consumer holdings on CoinSwitch, including both cryptocurrencies and INR, stood at Rs. 2, 774.10 crore as of March 31, 2024. The exchange also disclosed that its total holdings now…
The overall crypto chart reflected losses next to most cryptocurrencies on Friday, May 24. Bitcoin recorded a loss of around one percent on Friday to trade at the price point of $71,771 (roughly Rs. 59.7 lakh) on Indian exchanges like CoinSwitch. Meanwhile, BTC was trading at $67,589 (roughly Rs. 56.2 lakh) on international exchanges like…
