The OKX crypto exchange recently announced a partnership with Jambo, a Web3-enabled smartphone brand. Through this partnership, both the brands are looking to push the Web3-backed digital economy in smartphone-friendly emerging markets. While Web3 and smartphones – both of which make for individually recognised markets in themselves — their integration with each other is a…
The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. While the ETF issuers also have to get the green light before the products can…
Mai Labs — a Web3 firm headquartered in the Cayman Islands — showcased its Mayaaverse metaverse platform in India earlier this week. The firm demonstrated the platform that digitally traces India’s journey through history. Mayaaverse allows visitors to explore ancient Indian cities (such as Hastinapur) to present-day temples, modern retail outlets, as well as photorealistic…
Liminal Custody, that offers storage and wallet services for virtual assets, announced that its Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). With this, the entity has become the latest Web3 firm to have joined this list alongside Binance, KuCoin, and WazirX – aiming at…
The US House of Representatives, this week, greenlit a new bill that aims to regulate the crypto sector. While the FIT21 (Financial Innovation and Technology for the 21st Century Act) bill still awaits approval from the US Senate, stakeholders of India’s crypto and Web3 space have lauded the decision taken collectively by both US’ opposing…
Betting big on the future of advanced human-computer relation, Grand Cayman -headquartered Web3 firm Mai Labs launched its metaverse platform called ‘Mayaaverse’ in India on Wednesday, May 22. The company, in a launch event hosted in Delhi, also unveiled the Lumyn XR, which is a virtual reality (VR) headset for users to explore the digital…
Bitcoin on Wednesday, May 22, logged a minor loss of 2.54 percent. The value of BTC on national and international exchanges at the time of writing, stood at $72,182 (roughly Rs 60 lakh) and $70,036 (roughly Rs. 58.3 lakh), respectively. The asset, despite seeing small losses, celebrates Bitcoin Pizza Day anniversary, the day that gave…
Brazil, after implementing some rules to govern cryptocurrencies back in 2022, is gearing up to unveil a more detailed regulatory framework to oversee the crypto sector. In a recent development, the Central Bank of Brazil has claimed that it would be bringing in a comprehensive set of rules to its Web3 community towards the final…
The crypto mining industry often finds itself under the scanner for being power-intensive and releasing greenhouse gasses into the environment. In a recent development, the South American nation of Venezuela has announced a ban on crypto mining. The massive load of electricity that is used for the mining several cryptocurrencies left the Venezuelan government concerned,…
The India Blockchain Alliance (IBA) calls itself a not-for-profit organisation, working on bringing together blockchain developers, firms, venture capitalists, and visionaries together in India. Founded in the year 2018, the body aims to further the research and development work around blockchain, also called the Distributed Ledger Technology (DLT), which makes for the base foundation for…
