Digital trading platform eToro (ETOR) shared plans on Tuesday to tokenized U.S-listed equities on the Ethereum blockchain, joining rivals to move towards blockchain-based marketplaces. The ERC-20 tokens will represent the underlying shares held on eToro and can be redeemed back into traditional stock holdings, according to the press release. The company said the aim is … Read more
Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger, debuting with a brazilian real 700 million (approximately $130 million) issuance of an Agribusiness Receivables Certificate (CRA), per a release. The CRA, a key instrument used to bundle future cash flows from Brazil’s agricultural sector was recorded on-chain using the … Read more
Dogecoin might’ve started as a joke, but this upgrade isn’t one. DogeOS, the app layer developed by the MyDoge wallet team, has submitted a formal proposal to Dogecoin Core that introduces a new opcode that would enable the network to verify zero-knowledge proofs (ZKPs) natively. Developers aim to transform an unused part of the script … Read more
The newly appointed chief executive officer of Vedanta’s untried display business is seeking to hire global talent to build and run a $4 billion (roughly Rs. 32,811 crore) factory in western India. YJ Chen, who previously worked at Chinese display maker HKC, said the display venture will soon begin recruiting from South Korea, Taiwan, Japan … Read more
Microsoft President Brad Smith on Tuesday will seek to convince EU antitrust regulators at a closed hearing that the US software giant’s $69 billion (nearly Rs. 5,71,800 crore) bid for Call of Duty maker Activision Blizzard will boost competition. Smith will lead a delegation of 18 senior executives, including Microsoft Gaming Chief Executive Officer Phil Spencer, while … Read more
The government has restricted imports of laptops, tablets, and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. “Their import would be allowed against a valid license for restricted imports,” the notice said. In April-June, electronics imports, which include laptops, tablets, and personal computers, were … 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 European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto firms that will require them to store details of transactions on their platforms, … Read more
EU telecoms regulators’ group BEREC on Friday warned the European Commission against proposing legislation pushed by the sector to get Big Tech‘s help to pay for the rollout of 5G and broadband, saying it did not see a competition problem or a market failure. The comments from The Body of European Regulators for Electronic Communications … Read more
As Ethereum nears its 10th anniversary, blockchain company Consensys is proposing a new way to think about the network’s role in the global economy: as critical infrastructure for what it calls a “trustware” era. According to Consensys, Ethereum is evolving beyond a smart contract platform into a foundational layer for verifiable, programmable trust in financial … Read more