Tag: web3

Web3 Firm Mixin Network Hacked, $200 Million Stolen in Centralised Exploit: All Details

Web3 firm Mixin Network has officially informed its community members about a mega exploit that has drained $200 million (roughly Rs. 1,662 crore) from its account. The platform offers a decentralised wallet service, and it was launched in 2017 with a billion dollars worth of total value secured. Over the weekend, the database of Mixin Network’s cloud service was hacked, which resulted in a multi-million-dollar loss. The platform is working with cyber security firm SlowMist to get to the bottom of this case.

Feng Xiaodong, the founder of Mixin Network, addressed the incident on September 24 in a live stream and assured community members that possible solutions are being discussed.

Meanwhile, the company has formally acknowledged the instance via their X handle.

“The database of Mixin Network’s cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We will try our best to minimise the losses and deeply apologise for this,” the statement said.

For the time being, the Mixin team has deemed it fit to suspend all deposit and withdrawal services temporarily.

The losses incurred via this exploit have dented the platform/s treasury significantly. As per a CoinDesk report, the top 100 assets on Mixin Network amounted to barely over $1.1 billion (roughly Rs. 9,145 crore).

Since the news about this hack attack started to spread to social media, the native XIN token of the platform tumbled by eight percent. As per CoinMarketCap, XIN is currently trading at $194 (roughly Rs. 16,130).

This, however, is not the first time that the centralised server of a blockchain firm has been traditionally hacked by cyber criminals.

Last year, a report by blockchain research firm CertiK said that “centralisation is antithetical to the ethos of DeFi and poses major security risks and that single points of failure can be exploited by dedicated hackers and malicious insiders alike.”

Researchers have previously also noted that elements of the crypto space like the DeFi sector would continue to get safer as more workload shifts from servers to blockchain networks.

The funds stolen in crypto scams, hacks, and rug pulls breached the mark of $656 million (roughly Rs. 5,454 crore) during the first half of 2023, a report by Web 3.0 security firm Beosin said in July.

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China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers

China’s tech giant Ant Group has launched a sub-brand called Zan, that will help blockchain developers bring out solutions for Web3. While China has maintained a stringent anti-crypto stance for two years now, some tech giants there have taken gradual steps to explore the use-cases of blockchain, which also makes for the underlaying technology that supports cryptocurrencies. Zan comes with a suite of blockchain application development products and services to help Web3 developers.

One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing manage real-world assets (RWAs), comply with local regulatory requirements.

Its suite of products also comes along with systems and tools around electronic Know Your Customer (KYC), Anti-Money Laundering as well as Know Your Transaction checks for developers to use for their projects.

Hui Zhang, an individual whose previous work history or association details with the Ant Group are unclear, has been appointed as the CEO of Zan.

“Zan is dedicated to investing in research and development of Web3 technologies and products, providing more extensive and reliable technical services to support the community, and working with our partners to accelerate Web3 developments and innovations. Web3 is a technology sector bringing new opportunities,” Zhang said.

While this platform has been publicly announced today, it had been in the works for quite some time. In early 2023, Zan was already piloting its services. During the Hong Kong Web3 Festival this April, Zan was adopted for its offerings by HashKey DID, a Web3 decentralised identity data aggregator.

Launched as an entity in itself, Zan, is expected to help the Chinese parent company to proceed directly to an IPO stage.

In 2020, the Ant Group lost a huge opportunity to open a $30 billion (roughly Rs. 2,50,546 crore) initial public offering (IPO) in Hong Kong and Shanghai. At the time, the company expected to touch the valuation of $226 billion (roughly Rs. 18,76,195 crore) but the IPO was blocked by the Chinese authorities.

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Germany’s Lufthansa Airlines to Offer NFT Loyalty Rewards, Let Flyers Indulge in Web3

Germany’s Lufthansa airline is planning to soon let its flyers collect rewards in the form of non-fungible tokens (NFTs) and engage with Web3. Lufthansa is rolling out a new loyalty programme, that will let flyers collect reward points in the form of NFTs trading cards. From business lounge vouchers, to free miles and frequent traveler statuses, these NFT trading cards offered by Lufthansa will unlock a plethora of facilities for the travelers. The name of this new loyalty programme has been decided as ‘Uptrip’ and the NFTs that are part of this programme are based on the eco-friendly Polygon blockchain.

Lufthansa will allow eligible flyers to connect their digital wallets in order to mint, transfer, and trade these Uptrip NFT cards.

The NFT cards being offered are divided into different categories, including cities, aircrafts, as well as Specials.

“Users will be able to choose from hundreds of cards of Cities (Lisbon, New York, Rio de Janeiro, Singapore and more), Airplanes (Airbus A320, Boeing 747, Embraer 190) and Specials (fly on New Year’s eve, cross the North Pole, etc). Since the soft launch over 20,000 users have registered and over 200,000 trading cards have been issued,” the Lufthansa Innovation Hub said in a statement on the Polygon website.

The Lufthansa Group is a major European airline company, with over 38 million members in its Miles and More reward programme. Its decision to explore Web3 could hence onboard millions to the digital assets sector.

“Web3 is in an early stage of development. Curiosity is high. But, we also encounter questions and hesitation – which is where Uptrip hits a nerve. We make it possible for people to access this new technology,” a report by Zycrypto quoted Kristian Weymar, Director of New Business Lufthansa Innovation Hub as saying.

The Uptrip app has been made available on both, Google Play Store as well as Apple’s App Store.

This however, is not the first time that a major airlines player has decided to venture into the digital assets sector. Back in May this year, Japan’s prominent Air Nippon Airways (ANA) launched its own online marketplace for the trade, sale, and purchase of NFTs themed around aeronautics.

In April last year, Emirates airline from the UAE had also jumped on the metaverse and NFT wagon.

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Web3 Telco World Mobile Launches Service in US, UK, Australia: Here’s What Its About

World Mobile has launched its services in the US, UK, Australia, Canada, and Tanzania through an app first available to Android users. World Mobile is a network operator, that has integrated mobile network services with blockchain and crypto technologies, both of which are part of the Web3 family. Through its advanced network services, the company aims to bridge the gap between mainstream telecom operators and those regions, where connectivity is still an issue.

The London, UK-headquartered company tweeted the official announcement about availability in these new markets on August 22.

World Mobile provides decentralised wireless (DeWi) network service through a proprietary token and a network sharing system built on the Cardano blockchain. This proprietary token is named the World Mobile Token (WMT).

“Unlike traditional mobile networks, we’re based on blockchain and the sharing economy. Local business owners in unconnected regions can operate affordable nodes on our network and bring their community online while sharing the rewards —World Mobile Tokens,” the firm explains in its website.

At the time of writing, each WMT is trading at $0.1074 (roughly Rs. 8.90) shows CoinMarketCap.

Before rolling out its app in matured markets like the UK and the US, World Mobile conducted multiple beta tests. The app was initially introduced in Zanzibar, which is one of the islands in the Indian Ocean.

As per the company blog post, the app brings features including a Cardano wallet and a fiat on-ramp service to let users exchange fiat currencies to WMT.

Another special feature of this app is the Scan for Points functionality, that would turn the mobile device into a network scanner that can identify weaker web spots around the world and earn rewards in return.

The company is now exploring avenues to integrate its service with decentralised Artificial Intelligence (AI). To do so, it has partnered SingularityNET, a company that provides the AI service.

In the coming months, World Mobile will be launching its app across Europe, Asia, Africa, and South America.

The iOS version of the app is currently under development.

Meanwhile, the company that advocates connectivity and economic freedom for all, has called out the traditional mobile network operators for neglecting investments in remote places because the process would not be ‘profitable enough’.

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Microsoft, Aptos Labs Partner to Unite Web3, Artificial Intelligence: Details

Microsoft and blockchain developer Aptos Labs have come together to use their expertise in bridging the gap between Artificial Intelligence (AI) and the blockchain technology. The buzz around combining Web3 and AI seems to be expanding all over the global tech industry. Nascent in existence, Web3 firms are looking to rely on comparatively more developed AI tech. The ambition is to tailor blockchain solutions related to banking, agriculture, health, and education. Both the firms will also work together to explore innovative solutions.

Aptos, under this partnership, will utilise Microsoft’s AI infrastructure to curate industry solutions with the goodness of both AI and blockchain. As for the software giant, this partnership could be one of its initial steps into deeper Web3 exploration.

“By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratise the use of blockchain for innovators to develop new decentralised applications using AI,” Rashmi Misra, General Manager, AI and Emerging Technologies, Microsoft said in an official statement.

Microsoft is interested in exploring blockchain branches like asset tokenisation and Central Bank Digital Currencies (CBDCs) through Aptos’ ecosystem.

The interest of Web3 developers and venture capitalists in the field of AI is backed by the interest millennials and GenZ populations have in merging blockchain with artificial intelligence.

In May, KuCoin surveyed 1,125 crypto users from different parts of the world to understand how the Web3 community perceives AI. Over 64 percent of the younger respondents confirmed that they were somewhat familiar with the uses of AI in crypto and blockchain.

This backs Microsoft’s interest in giving Web3 another shot.

Previously, it established a team to work around its metaverse initiatives. In February, however, Microsoft drew the curtains on its industrial metaverse division to overcome the recession-like situation that was prevalent at the time. The hundred staff members who were part of this team were reportedly fired.

As for Aptos Labs, a group of former Meta employees came together to launch the Aptos proof-of-stake (PoS) blockchain in October 2022. Prior to that in July, Aptos Labs had raised $150 million (roughly Rs. 1,200 crore) in a Series A funding round led by FTX Ventures and Jump Crypto.

The Aptos blockchain is powered by Move — an open-source programming language developed by Meta — that was initially intended to support the abandoned stablecoin project Diem.

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World Fintech Day: Blockchain Is Here to Stay, Existing Fintech Players Must Welcome Web3, Say Experts

Indian Web3 experts and industry insiders believe that blockchain and cryptocurrencies are here because they were needed to finetune existing financial systems and benefit global fintech setup. Crypto experts echoed the sentiment on World Fintech Day, observed each year on August 1. The date marks the death anniversary of Cosimo de’ Medici, a 15th-century Italian politician and banker who established the Medici Bank and influenced the present-day banking system.

Experts maintain that the speed of adoption is a crucial metric for nations looking to lead the sector.

“The dynamic landscape of digital assets calls for adaptability. Digital assets have become immensely significant, bridging the gap between Web2 and Web3,” Dhruvil Shah, SVP – Technology, Liminal, told Gadgets 360. Shah further claimed that digital assets add transparency to financial ecosystems and promote financial inclusion. “As technology progresses, digital assets are poised to shape a decentralised and equitable global economy even further,” he added.

Limitations in Web3 and Possible Solutions

The global blockchain in banking and financial services market has reportedly grown from $1.89 billion (roughly Rs. 15,552 crore) in 2022 to $3.07 billion (roughly Rs. 25,262 crore) in 2023 at a compound annual growth rate (CAGR) of 62.1 percent.

Presently, due to the lack of concrete laws to oversee the new fintech branch of Web3 and cryptocurrencies, countries like India are taking a sceptical approach before integrating them closely with existing financial systems.

Industry insiders are, however, urging online payment players like Google Pay and Paytm to work on policies that could help them integrate Web3 services to their users as well.

“Traditional wallets deal with regulated fiat currencies, while digital assets lack comprehensive regulations. To address this, collaboration within the existing regulatory framework is crucial. One viable solution is the development of a hybrid platform, enabling seamless money transfers between traditional and digital wallets, thus expanding their services to a broader user base,” the Liminal official further noted.

Liminal is a digital wallet player based in India. The startup has hosted six rounds of fundings up until February 2023 and has managed to bag as much as $31 million (roughly Rs. 255 crore) in funding from over twelve investors. The company is among the around 450 Web3 startups that have cropped up in India in recent years.

Despite India’s stern approach towards taking gradual steps into the crypto and digital assets sector, the country’s tech talent has managed to garner the interest of venture capitalists as well as industry players seeking a blockchain workforce.

As of April 2022, Web3 funding in India had peaked to $1.3 billion (roughly Rs. 11,525 crore). At the time, a NASSCOM report had said that 11 percent of the world’s Web3 talent, resides in India, making the nation the third largest home for Web3 workforce. By 2024, the report projected, India’s group of 75,000 blockchain professionals to swell up by 120 percent.

Web3 Roadmap Predictions from Industry Insiders

Speaking to Gadgets 360, Purushottam Anand, Advocate and Founder of Crypto Legal noted that internationally, the fintech industry is already soaking in Web3 elements.

“Global consensus towards digital asset regulation seems overwhelmingly tilted in favour of regulation as against an outright ban. No major economy except China has banned digital assets while many international blocks or organisations like Europe, FATF and World Economic Forum (WEF), IMF and countries including India, Japan, Singapore, UAE and Hong Kong have either finalised or issued some draft framework of regulation. I believe, by 2025, majority of countries will have some form of digital asset regulation in place,” he said.

If not cryptocurrencies, nations around the world are now working on their respective Central Bank Digital Currencies (CBDCs). Created on blockchains, CBDCs are the digital representations of fiat currencies that eliminate the need for paper-based physical notes while also recording the details of all transactions in an unchangeable format on the blockchain.

Nischal Shetty, CEO of WazirX crypto exchange, told Gadgets 360 that CBDC trials are disrupting the fintech landscape, particularly for existing UPI players in India.

“With transactions settling in real-time directly through the central bank’s digital currency infrastructure, the need for intermediaries like payment gateways might diminish, leading to cost savings and more streamlined processes for UPI players. Scalable blockchains, with their high throughput capabilities, can facilitate instant transaction confirmations, making them well-suited for supporting the seamless and fast settlement of CBDC transactions,” Shetty said.

Currently, around $100 million (roughly Rs. 826 crore) in CBDCs are in circulation in different parts of the world where governments are carrying out trials. By 2030, this figure is expected to reach $213 billion (roughly Rs. 17,60,880 crore) with an estimated growth of 260,000 percent, a recent study by Juniper Research had said.

Meanwhile, banking giants like JP Morgan, Goldman Sachs, and Mastercard among others, are already testing Web3 waters with select crypto and digital assets-related offerings.

Samsung launched the Galaxy Z Fold 5 and Galaxy Z Flip 5 alongside the Galaxy Tab S9 series and Galaxy Watch 6 series at its first Galaxy Unpacked event in South Korea. We discuss the company’s new devices and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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British Museum Steps into Metaverse, Partners With The Sandbox: All Details

The British Museum, based in London, is ready to step into the world of metaverse. The home of Britain’s history since the mid-eighteenth century will now have an address in The Sandbox, a platform that provides a fully functional virtual universe that lets entities exist as avatars. The entry of this historic British landmark into the metaverse is just another testification to UK’s open-mindedness about Web3. The UK, in recent months, has shown a steadfast approach towards embracing the up-and-coming Web3 sector that encompasses projects related to crypto, NFTs, and the metaverse.

As part of this collaboration, NFTs inspired by some artifacts showcased in the museum will be launched for collectors to own as a piece of history in detailed digital versions.

The Sandbox confirmed the development on July 28, saying that people from around the world will be able to visit this historic museum in a virtually immersive experience.

“The British Museum has chosen The Sandbox for its first foray into the metaverse. In conjunction with LaCollection, the British Museum’s licensing partner, the collaboration focuses on developing digital collectibles and experiences showcasing the museum’s history,” said a blog post published by The Sandbox.

Sales of NFTs rose by a massive 117 percent in February 2023. Around March, the valuation of the global NFT market climbed to its nine-month high since June last year to over $2 billion (roughly Rs. 17,200 crore).

Despite its element of volatility, NFTs have managed to hold people’s interest in them.

NFTs hold quotients of utility and investment purpose, which are the top reasons why people invest in purchasing these digital collectibles.

A recent research study conducted by CoinGecko and the Blockchain Research Lab had condensed reasons that inspire the sales and purchases of NFTs. These included the intrigue to experiment with the new technology, gaining a stake in the NFT parent company, or promoting social welfare and contributing to charities.

Both, the museum as well as The Sandbox ecosystem, can profit financially from this partnership while also opening the museum experience to international audiences.

“This is a great opportunity for The Sandbox players, regardless of where they are, to learn about and enjoy the amazing collections of human history, art, and culture in the British Museum,” The Sandbox team noted.

Samsung launched the Galaxy Z Fold 5 and Galaxy Z Flip 5 alongside the Galaxy Tab S9 series and Galaxy Watch 6 series at its first Galaxy Unpacked event in South Korea. We discuss the company’s new devices and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Web3 Funding from Venture Capital Firms Register 78 Percent Dip From Last Year: Crunchbase

The funding into the Web3 ecosystem has dropped significantly between June 2022 and June 2023. In the first half of last year, projects and startups related to Web3 had managed to raise $16 billion (roughly Rs. 1,31,404 crore) in funding. On the other hand, up until June this year, only $3.6 billion (roughly Rs. 29,568 crore) have been invested by venture capital firms in Web3 initiatives. This marks a decline in funding by 78 percent in the benefit of the digital assets sector, as per a Crunchbase report.

Companies that are engaged in activities related to cryptocurrencies, non-fungible tokens (NFTs), metaverse, as well as blockchain gaming — all fall under the umbrella of the Web3 categorisation. In the lack of regularity clarity, several promising Web3 projects rely heavily on securing external fundings to launch their operations.

Between April and June this year, a total of 322 deals were finalised between Web3 projects and investment capitalists. Collectively, these deals have managed to garner $1.8 billion (roughly Rs. 14,782 crore).

On the contrary, between April and June 2022, Web3 startups had managed to raise $7.5 billion (roughly Rs. 61,585 crore), the Crunchbase report said.

“While seemingly all sectors are seeing a slowdown in venture capital, Web3 — defined here as cryptocurrency and blockchain startups — has been hit hardest. In fact, deal flow hit its slowest pace since the final quarter of 2020, when only 291 deals were announced for a total of $1.1 billion (roughly Rs. seven crore). Large rounds definitely played a role in the dramatic year-to-year drop Web3 funding witnessed,” the report noted.

While the digital assets sector remains grappled with market volatility as well as lack of regularity clarity — the attention of venture capital firms has shifted to other tech spheres.

Companies working in the field of Artificial Intelligence (AI) have attracted the attention of venture capital firms lately.

“However, there is no denying the massive collapses of large crypto exchanges — we all know the names — and recent regulatory actions in the US likely have shaken some investors from looking into the digital asset space. Will those investors come back, or will current investors invite more? The numbers certainly aren’t trending that way. Now investors seem very wary of putting money into anything — except, of course, AI,” the Crunchbase report noted.

Most recently, music NFT startup ‘Sound’, and Web3/AI firm Olympix managed to bag millions in funding.

Will the Nothing Phone 2 serve as the successor to the Phone 1, or will the two co-exist? We discuss the company’s recently launched handset and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Account Abstraction Could Onboard Billions of Asians to Web3, Experts Predict: Here’s What It Means

Asia, the largest continent comprising 51 nations, is garnering the attention of Web3 players from different parts of the world, owing to its diverse market. ‘Account abstraction’ or Blockchain-based smart accounts could be the next thing that could onboard billions of Asians onto Web3, industry experts seem to believe. Essentially, account abstraction is a blockchain technology that lets users use smart contracts as their primary accounts.

More Web3 players and dApps developers are customising their products in alignment with the needs and popular patterns of the Asian market. The observation was highlighted by Laura Shi, the director of strategic initiatives at ConsenSys, during a recent interview with CoinTelegraph. ConsenSys is an Ethereum software solutions provider.

In the coming times, account abstraction or smart accounts could gain popularity as they would not only keep account details invisible on the Ethereum blockchain, but also allow users to control and decide how individual accounts are operated and managed.

This would add more layers of security to the financial activities being processed on the Ethereum blockchain.

Shi reportedly said that account abstraction brings more customisable functionality to financial activities while also offering more traditional bank-like features than usual crypto wallets.

Vitalik Buterin, the creator of the Ethereum blockchain, first proposed the concept of account abstraction back in September 2021.

Its adoption in Asia is being foreseen now, as Asian nations are tech savvy and the scope of experimenting with new technologies ranges from the gaming industry to the finance industry.

Last year’s Chainalysis Global Crypto Adoption Index said that Vietnam, Philippines, Thailand, China, and India are among the top drivers of Web3 growth on the continent. The report had also highlighted that in the second quarter of 2022, 58 percent of web traffic from Asian nations to crypto services was NFT-related. Another 21 percent traffic was related to play-to-earn blockchain games.

This year, Japan, too, has embraced the Web3 sector with open arms, inviting Web3 players to setup shop in the country.

The combined region of Central & Southern Asia and Oceania (CSAO) was the third largest cryptocurrency market last year. Residents of nations in these regions reportedly generated $932 billion (roughly Rs. 75,09,170 crore) in cryptocurrency value from July 2021 to June 2022.

Owing to these factors among others, Shi believes, blockchain use cases will continue to entice people.

From the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Web3, Crypto are Future of Internet, but Lack of Regulations Can Stir Chaos: IT Minister Rajeev Chandrasekhar

Authorities in India seem to be warming up to the crypto sector, as we get closer to December when India’s G20 Presidency will conclude, hopefully with a detailed set of regulations to govern the sector. Rajeev Chandrasekhar, the Union Minister of State for Electronics and Information Technology, has acknowledged that crypto and Web3 are indeed, elements of the next generation of Internet. Having said that, the minister did add that rules and regulations are most needed to govern the space to make it safe for everybody to use and engage with.

Chandrasekhar, 59, was speaking on a podcast hosted by Indian YouTuber Ranveer Allahbadia when he said that the topic of cryptocurrencies has come up for discussion several times among the policy makers of India.

“Crypto, Web3, and Blockchain we cannot fight because it is the inevitable future of the Internet,” he said while emphasising on the utmost need for regulations in the sector.

As per the IT minister, crypto and Web3 without a guard have the capability of creating chaos and has a scope for misuse by notorious elements.

“On crypto, while everybody loves the technology, we think that the issue of INR to dollar conversions, that whole fungibility, exchange, and money transfer needs to be governed by some bond. And unfortunately, in India what happened, as well in the US, billions of dollars have been lost with the (industry) meltdown,” Chandrasekhar said, notably referring to the collapse of FTX and Terra last year, that left the crypto sector dry for months as investors flocked to safer, more traditional investment options.

FTX, the US-based crypto platform succumbed to liquidity crunch and shook-up the crypto market in November last year, leading to the wipe-off of nearly $200 billion (roughly Rs. 16,40,298 crore) from the market. The drastic reaction from investors who pulled back capital from digital assets, left several crypto firms gasping for breath.

In a December report last year, research firm Glassnode estimated that around 550,000 Bitcoin had left crypto exchanges in 2022. At the time, BTC was trading at $16,858 (roughly Rs. 13.9 lakh) that bought the value of 550,000 to $9.2 billion (roughly Rs. 76,760 crore).

Chandrasekar said, concerns had begun to brew when Indians started looking at Bitcoin and other cryptocurrencies as speculative assets, betting on how their prices would go up or down to churn profits.

“People started saying, how much is BTC today, how much will it be day after tomorrow, instead of saying I want to use BTC to transact my finances. So, when it became a speculative asset class in a bubble, the government had to intervene and say no. And as a matter of fact, the way we (India) approached it way back in March 2022, was the reason why many young Indians saved themselves from the meltdown that happened afterwards,” the minister noted.

In India, crypto profits are taxed by 30 percent, a rule that went live in March last year. In addition, one percent TDS is also deducted at each transaction in order to keep some trace of these largely anonymous fund transfers.

At this point, India is spearheading the formulation of global rules to regulate this volatile digital asset space as the President of the G20 group. Clarity on the situation is expected by December this year.

“Crypto is a great area, I encourage innovations to continue there – but it certainly needs some global rules before it could be widely used,” Chandrasekar added.

From the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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