July 19, 2023 By Sharan Kaur Phillora Blockchain company Ripple’s recent partial legal triumph against the U.S. Securities and Exchange Commission (SEC) has ignited new hope for the broader crypto industry. The ruling is anticipated to embolden exchanges and crypto companies to dispute the SEC’s jurisdiction further. Here’s what we know: SEC Chair Gary Gensler, […]

July 19, 2023 By Sharan Kaur Phillora In an effort to remain at the forefront of technological advancements, the Beijing municipal government has disclosed plans to train 10,000 engineers every year in emerging digital technologies.  Here’s what we know: This includes high-potential areas like artificial intelligence (AI), blockchain, and big data, according to a recent

July 18, 2023 By Sharan Kaur Phillora Internationally acclaimed fashion photographer Chen Man further extends her reach into the decentralized domain with her latest venture in non-fungible tokens (NFTs). Here’s what we know:  Renowned for her groundbreaking work bridging technology, art, and fashion, Chen has launched an NFT collection titled ‘Citizens of Mantle’ in partnership with

July 18, 2023 By Anjali Kochhar With the blockchain technology industry likely to achieve USD 12,895 billion valuation by 2032, here’s a look at possible use-cases in India’s ever-changing financial sector. “Blockchain technology has the ability to completely transform financial transaction settlement by providing a decentralised and transparent ledger that allows for direct peer-to-peer transactions”,

July 17, 2023 By Anjali Kochhar In a surprising move, renowned entrepreneur and CEO of Tesla and SpaceX, Elon Musk, has unveiled a new AI company called xAI, sparking a surge in AI-related crypto tokens. Tokens such as SingularityNET (AGIX) and Fetch.ai (FET) experienced notable gains following the announcement, with AGIX rising over 6% and FET

July 17, 2023 By Sharan Kaur Phillora In a landmark policy revision, Google Play will permit developers to integrate non-fungible tokens (NFTs) and similar digital assets into their applications and games.  Here’s what we know: App makers that wish to offer functionalities to purchase, trade, or earn tokenized assets are now obligated to specify these

July 14, 2023 By Anjali Kochhar Stablecoins have gained significant attention in the realm of cryptocurrencies due to their relative stability. However, the Reserve Bank of India (RBI) has highlighted several risks associated with stablecoins that could adversely impact developing economies. In this article, we will discuss six key concerns raised by the RBI regarding

July 14, 2023 By Anjali Kochhar Circle co-founder and CEO, Jeremy Allaire, remains optimistic about the development of Web3 in Hong Kong and the local monetary authority’s efforts to regulate stablecoins, even as mainland China continues to ban cryptocurrencies. In an interview with the South China Morning Post, Allaire acknowledged that China is unlikely to open

July 13, 2023 By Anjali Kochhar Standard Chartered, a leading global bank, has revised its bitcoin price prediction, anticipating a surge to $120,000 by the end of 2024. The bank’s analysts believe that the recent price increase in the cryptocurrency may incentivize bitcoin miners to retain more of their supply, thus impacting the overall market

July 13, 2023 By Sharan Kaur Phillora The Chinese government is looking to introduce stricter regulations on artificial intelligence (AI) development, particularly focusing on content control and licensing.  Here’s what we know:  According to a report from the Financial Times on July 11, the Cyberspace Administration of China (CAC) is proposing a new system that would