March 14, 2023 By Sharan Kaur Phillora In the biggest development amid the furor triggered due to the collapse of California-based Silicon Valley Bank (SVB), HSBC announced that it had acquired the UK arm of the SVB. HSBC said it had acquired the UK subsidiary of SVB for 1 pound. Here’s what we know:   The […]

March 14, 2023 By Sharan Kaur Phillora Feng Qiya, a Chinese member of parliament, is set to propose an NFT regulation framework during an upcoming political gathering. Two Sessions is one of China’s most important annual political gatherings, and this year’s event will feature a special discussion about digital collectibles. Here’s what we know: According to

March 13, 2023 By Anjali Kochhar The finance ministry of India has announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual digital assets would be under the Prevention of Money Laundering Act (PMLA). The move is the latest

March 13, 2023 By Murtuza Merchant As the popularity of cryptocurrency continues to grow, governments around the world are grappling with how to regulate it. In the United States, the government’s approach has been characterized by a mixture of hostility and ambivalence. While some lawmakers have expressed support for the industry, others have taken a

March 13, 2023 By Sharan Kaur Phillora With its Starbucks Odyssey rewards program on Ethereum sidechain network Polygon, which is currently in beta for a small number of customers, Starbucks is making big strides into Web3. It has already given a few free reward NFTs to early adopters and last week released its first paid collectible.

March 10, 2023 By Anjali Kochhar “With the rise of virtual digital assets, cyber security threats have also increased, leading to commercial banks like BNY Mellon, Deutsche Bank, JP Morgan Chase, and many others becoming crypto custodians”, explains Dr Ravi Chamria, Co-founder & CEO, Zeeve. With the expansion of virtual digital assets (VDAs), experts are

March 10, 2023 By Sharan Kaur Phillora Amazon continues to explore uncharted territories to boost its growth prospects. This is evident from its latest interest in non-fungible tokens (NFTs). Reportedly, the company is set to launch its NFT marketplace next month and enlist 15 NFT collectibles. Here’s what we know:  According to various reports, Amazon plans

March 9, 2023 By Murtuza Merchant Investors in search of the next big altcoin trend can reap significant rewards. For those who keep scouting for the next crypto craze, artificial intelligence has the potential to revolutionize the game. There are various platforms that leverage AI and machine learning to provide valuable insights into cryptocurrencies and

March 9, 2023 By Anjali Kochhar Egyptian authorities have arrested 29 people accused of running an online cryptocurrency scam that defrauded thousands of investors, as per state media reports. The interior ministry said 16 Egyptians and “13 foreign nationals of the same country”, who were not identified, had been arrested. Officials also seized 95 mobile phones,

March 8, 2023 By Murtuza Merchant In recent years, the cryptocurrency industry has become a hotbed of activity, with investors flocking to the market in search of opportunities to profit from the growing sector. Despite the volatility and unpredictability of the market, venture capital (VC) funding and investments in the industry have remained strong. This