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…
MiCA — or Markets in Crypto Assets — technical standards have been published by the European Banking Authority (EBA) on Thursday. Ahead of the upcoming July deadline, the EBA has published a detailed set of guidelines around technical standards that Web3 firms operating in the region will soon be mandated…
The crypto sector, which is currently valued at around $2.46 trillion, is beginning to garner interest from profitable institutional investors. In its latest report titled ‘The State of Crypto’, Coinbase states that 56 percent of the Fortune 500 companies are in some way or the other, testing the blockchain technology….
India concluded its general elections on June 1, with results last week paving the way for the re-election of Narendra Modi as Prime Minister for a third consecutive term. As part of PM Modi’s newly constituted cabinet, Nirmala Sitharaman has been re-assigned to serve as the finance minister of the…
The US House of Representatives, this week, greenlit a new bill that aims to regulate the crypto sector. While the FIT21 (Financial Innovation and Technology for the 21st Century Act) bill still awaits approval from the US Senate, stakeholders of India’s crypto and Web3 space have lauded the decision taken…
GameFi, another jargon from the Web3 sector, now seems to be grabbing the attention of members of the Web3 and gaming communities. The concept of GameFi brings together two elements – gaming and finance. Games that fall under this category are based on blockchains and work on a decentralised approach….
US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In the coming months, Mastercard will work with these up-and-coming firms…
ChainML, a Web3-enabled AI platform, has secured a notable investment, handing a boost to the Web3 funding environment. The Silicon Valley-based AI and ML development and research firm’s latest investment round, Led by Hack VC, fetched $6.2 million (roughly Rs. 51 crore). The platform aims to decentralise access to artificial…
The UAE, that is working on establishing itself as hotspot for Web3 activities, has decided to make Dubai one of the world’s top ten metaverse economies. This week, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, announced a roadmap for the growth of metaverse in Dubai. Called the ‘Dubai Metaverse…
The finance sector around the world, at this point, is exploring the blockchain technology that logs permanent transaction records and reduces the dependencies on centralised and easily hackable Web2 servers. Germany’s third largest state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW) has decided to join the global list of lenders that are…
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