Investors are finally set to gain access to more than $33 billion (roughly Rs. 2,70,900 crore) of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited…
Pakistan’s banks have decided to develop a know-your-customer (KYC) platform based on blockchain technology in order to strengthen the country’s efforts to curb money-laundering. Blockchain firm Avanza Group has been onboarded to create this platform, according to details shared by the Pakistan Banks’ Association (PBA) which has signed an agreement…
STAN, the Bengaluru-based esports fan engagement platform, has announced the launch of a community marketplace on Thursday. The aim of this marketplace is to create a one-stop destination for blockchain gaming fans to trade digital collectibles. These non-fungible tokens, or NFTs, can be traded on the blockchain for free. The…
The team behind the Shiba Inu memecoin has decided to expand the availability of its underlying technology to get more Web3 projects to take its support and get more of its tokens into circulations. In the coming days, the developers of the SHIB coin will release a Layer-2 Shibarium network…
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed. Investors were left with…
Ethereum, the world’s most commercialised blockchain, is set to see the completion of another historic update, called the Shanghai update. As of now, people who staked Ether tokens to validate the blockchain had no way to withdraw their tokens. It is estimated that $22.38 billion (roughly Rs. 1,82,520 crore) worth…
BMW is set to foray into the blockchain technology, aiming to make its financial infrastructure more permanent and transparent in terms of maintaining records. The German luxury car maker has partnered with Coinweb, a layer-2 cross-chain computation platform, to execute smart contracts. Binance’s BNB Chain has been handpicked by BMW…
China, that is rather infamous for keeping an extremely restrictive approach towards the crypto sector, is taking small steps into exploring the digital assets sector. The country is geared-up to launch an official, state-backed NFT marketplace, that would let Chinese NFT traders to dabble in the space, but under the…
Crypto market maker and Web3 investment company DWF Labs has announced that it will become “a prominent supporter of the TON ecosystem.” The company is also investing $10 million (roughly Rs. 80 crore) in the Layer-1 blockchain network. TON — or The Open Network — is a third-generation proof-of-stake blockchain…
Several parts of the world, at this point, are studying the blockchain technology in order to harness its potential across industries. In a latest development, the lawmakers in Abu Dhabi have decided to use the blockchain technology to make commercial judicial processes more efficient. The blockchain-powered digitisation is expected to…
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