Worldcoin, the ambitious Web3 project co-founded by Sam Altman, is seeing better days after some downtime it experienced last year. In the last seven days, the value of the project’s native token WLD reportedly spiked by 140 percent. At the time of writing, WLD is trading at $7.58 (roughly Rs. 628). The main reason behind … Read more
Alphabet Inc’s Google on Tuesday began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft Corp in a fast-moving race on artificial intelligence technology. Starting in the U.S. and the U.K., consumers can join a waitlist for English-language access to Bard, a program previously open to approved testers … Read more
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 … Read more
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 … Read more
South Korea is ramping up efforts to formulate rules to oversee the virtual digital assets sector, with the Financial Services Commission (FSC) spearheading the task of drafting these laws. Seoul’s new guidelines will result in regulators classify bulk or large scale non-fungible tokens (NFTs) as regular cryptocurrencies, under the Virtual Asset User Protection Act. South … Read more
The crypto industry, currently valued at $2.36 trillion, is attracting entrepreneurs eager to experiment, especially with the emergence of Web3. Coinbase International has decided to step up as a foster for up-and-coming Web3 projects. The exchange, counted among the largest in the world, has announced the launch of its Pre-launch Market initiative. This will serve … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more
WazirX, the Indian crypto exchange that recently faced a significant hack, resulting in the loss of nearly half of its reserves, has requested its users to allow a few more days for balance restoration. In its latest update, the Mumbai-based exchange provided further details on its recovery plan. WazirX will restore user portfolios based on … Read more
India’s CoinSwitch crypto exchange is expanding its services portfolio to now focus on high networth individuals (HNIs) and institutional investors. In an announcement shared on Thursday, September 5 – the Mumbai-headquartered exchange said with this service, it aims to provide HNIs with personalised investment advisory and detailed risk management solutions among other inputs. In India, … Read more
PayPal has announced that its US business account holders can now buy, sell, and hold cryptocurrencies directly through their PayPal accounts. With this feature, the platform aims to explore the practical applications of cryptocurrencies for its users. Currently, the crypto sector is under regulatory scrutiny in several regions worldwide, as governments express concerns over the … Read more