Bharti Airtel has become the first Indian telco major to have forayed into the metaverse world. The network provider has announced a 20-screen multiplex in a metaverse called ‘Partynite’. The name of this virtual theatre has been decided to be called ‘Xstream’ and it will have content portfolios from various…
Bitcoin, the world’s oldest and largest cryptocurrency by market cap is currently struggling to garner profits amid global economic slowdown. A new Glassnode report has said that long-time holders (LTHs) of this virtual asset presently also possess 90 percent of BTC’s total supply in profits. As per CoinMarketCap, Bitcoin currently…
More than 46,000 people reported losing over $1 billion (roughly Rs. 7,770) in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post…
US-based online e-commerce giant eBay has ventured into the world of non-fungible tokens (NFTs) with the release of its debut collection on the ‘OneOf’ NFT platform. This marks eBay’s first foray into the world of digital collectibles. Its first NFT collection is themed around sports and the price range of…
Brian Armstrong, the CEO of one of world’s largest crypto exchanges — Coinbase, addressed a rather unpleasant event that his firm recently encountered in India. Days after launching a UPI-based crypto-buying feature in India, Coinbase had to suspend it because the government denied to recognise the move. Armstrong said, Coinbase…
Ethereum whales are triggering a major transfer period for Ether cryptocurrency, despite the overall crypto market currently struggling with losses. On May 11, Wednesday, Ethereum whales completed 2,956 transactions marking a five-month high. Each of these transactions valued over $1 million (roughly Rs. 7 crore). The data was collected by…
Nigeria has been trying to get more citizens to adopt its national digital currency called eNaira since it was introduced last year under the slogan ‘Same Naira, More Possibilities’. The Central Bank of Nigeria (CBN) is reportedly looking to allow people to use the eNaira for day-to-day payments such as…
Kazakhstan, that has been impacted with power shortages due to crypto mining, is bringing in new measures to deal with the issue. The government of Kazakhstan has mandated crypto miners to submit detailed reports justifying their power consumption requirements. Any mining business that wishes to begin operations in the Asian…
The world’s first permanent NFT art museum has opened in Seattle, aiming to “pull back the curtain” on blockchain-based digital art. Non-fungible tokens (NFTs) are a type of digital asset that has exploded in popularity recently, with NFT artworks selling for millions of dollars. NFTs exist on a blockchain, a…
Bitcoin and the broader cryptocurrency market once again entered a sharp correction after a brutal sell-off on Wall Street on Tuesday. In terms of value, Bitcoin’s price failed to stay above the $40,000 (roughly Rs. 30.5 lakh) mark across exchanges like CoinMarketCap, Coinbase and Binance. At the time of writing,…
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