July 31, 2023 By Anjali Kochhar In a groundbreaking move, the US House Financial Services Committee has taken significant steps towards advancing cryptocurrency and blockchain legislation. For the first time, lawmakers voted in favour of crypto-specific bills based on their individual merits, rather than as part of broader legislation. During the recent markup session on […]

July 31, 2023 By Anjali Kochhar Headquartered in London, Cashaa is a new-age neobank. It was launched in 2016 with a singular vision — to aid the adoption of blockchain-based financial products. They started as a peer-to-peer cash transfer system using Bitcoin infrastructure. Soon they realized that crypto businesses are underserved by the banks and

July 31, 2023 By Sharan Kaur Phillora In an audacious move, Hong Kong-based blockchain game developer Animoca Brands is investing $30 million into crypto exchange startup Hi, amidst tightening global regulations and economic uncertainty in the cryptocurrency sector. The investment heralds a strategic partnership between the two companies, even as global funding for such ventures dwindles.

July 28, 2023 By Sharan Kaur Phillora Worldcoin, the innovative cryptocurrency project initiated by Sam Altman, the mastermind behind ChatGPT, is stirring up the digital space. The venture, leveraging iris-scanning technology, is accumulating an impressive user base in Hong Kong despite global criticism. Here’s what we know: Worldcoin, introduced to the public in 2021, presents

July 28, 2023 By Anjali Kochhar Chinese banks are rapidly embracing the digital yuan, China’s central bank digital currency (CBDC), in various aspects of their operations. Industrial Bank, a joint-stock commercial bank based in Fuzhou, has made a significant move by launching the nation’s first CBDC-powered settlement service for bulk commodity spot clearing. The service

July 27, 2023 By Anjali Kochhar Ethereum co-founder, Vitalik Buterin, has expressed concerns regarding OpenAI CEO Sam Altman’s latest cryptocurrency project, Worldcoin. In a blog post published on Monday, Buterin outlined four major issues with Worldcoin’s user authentication system called “Proof-of-Personhood” (PoP), which was launched this week on the mainnet. Worldcoin claims that it can

July 27, 2023 By Anjali Kochhar Even though there has been a continuous downfall in the crypto market, young Indians are still positive about investing in digital assets. A new survey by Indian crypto exchange WazirX revealed that investors under the age group of 18 and 30 years that they started investing in crypto as

July 27, 2023 By Sharan Kaur Phillora On July 22, a groundbreaking event occurred in space technology as China’s Tai’an Star Era 16 satellite took off from the China Jiuquan Satellite Launch Center, becoming the world’s first satellite equipped with a blockchain imaging and screening system.  Here’s what we know: Developed by NationStar Aerospace Technology Co.,

July 26, 2023 By Dr. Shirley Yeung Despite the hype of NFT, one aspect of NFT that remains relatively unexplored is the utilization of NFTs for social good. In fact, NFT are a powerful decentralized tool to raise money and facilitate collective giving, not only for charitable causes but also for socio-entrepreneurial activities, in particular

July 26, 2023 By Sharan Kaur Phillora In a major development in the cryptocurrency market, several prominent crypto exchanges have swiftly announced their listing of Worldcoin’s cutting-edge WLD token. Among the first exchanges to embrace the digital asset is Binance, the largest exchange by trading volume.  Here’s what we know: Participants in Worldcoin’s beta phase,