Microsoft has joined Open Network for Digital Commerce (ONDC) in India and plans to introduce social e-commerce in the country. ONDC is a government initiative to reimagine digital commerce in India and Microsoft is the first big tech company to join the government-backed project. A social commerce retail app is expected to be launched by … Read more
HTech CEO Madhav Sheth has revealed that he has joined Nxtcell to lead the launch of Alcatel smartphones in India. This move comes shortly after Alcatel announced its plans to make a comeback in the Indian smartphone market. The French brand, operated independently by TCL Communication under trademark licensing from Nokia, has been inactive in … Read more
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 … Read more
The overall crypto chart showed the market trading rather flat today. Bitcoin on Wednesday, May 29 reflected a small gain of 1.28 percent. With this, Bitcoin is currently trading at $68,768 (roughly Rs. 57.2 lakh) on foreign exchanges like CoinMarketCap. Meanwhile, on national exchanges like WazirX, CoinDCX, and CoinSwitch, Bitcoin is trading around the price … Read more
Louisiana has become the latest US state to support cryptocurrency mining, as more regions in the country are warming up to digital assets. A newly signed bill is expected to protect the rights of crypto mining individuals and businesses, who can continue to operate in the state as long as they are in compliance with … Read more
Bank of America (BofA) is preparing to enter the stablecoin market, CEO Brian Moynihan said Wednesday, adding that the bank has already laid the groundwork and expects to act when the time is right. “We feel both the industry and ourselves will have responses,” Moynihan said during the lender’s second quarter investor call. “We’ve done … Read more
José Fernández da Ponte, formerly the head of blockchain at PayPal, has left the fintech giant, where he oversaw the roll-out of digital currencies and stablecoins, to become president and chief growth officer of the Stellar Development Foundation (SDF). The foundation also said it appointed Jason Karsh, a former Block and Blockchain.com executive, as chief … Read more
Nasdaq-listed Blockchain Technology Consensus Solutions (BTCS) is joining the Russell Microcap Index, giving the Ethereum-focused firm greater exposure among investors who track the benchmark for smaller U.S. companies. The Maryland-based firm announced earlier this month a $100 million funding plan to acquire more ETH for its balance sheet. The firm says it runs blockchain operations … Read more
Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin. By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company … Read more
Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin. By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company … Read more