WhatsApp, the instant messaging service has launched a new pilot for a limited number of people in the U.S. to send and receive money from within their chat, using cryptocurrency. It is powered by Novi, Meta’s digital wallet which was launched six weeks ago. The digital wallet will help users in conducting crypto-related transactions. NoviContinue reading “WhatsApp pilots crypto payments in the U.S., to be powered by Novi digital wallet”

Cryptocurrencies are being celebrated by investors but the lack of regulations has put them in a fix. In the United States, there have been actions taken against crypto businesses for lack of compliance. This has given way to the most important question – What are the laws concerning crypto? The lack of clarity of theContinue reading “CFTC commissioner discourages enforcement actions without regulations”

Realizing the growing demand for cryptocurrencies and various crypto products, Visa is now moving forward with a global crypto advisory practice to help clients. Reportedly, Head of Crypto at Visa, Cuy Sheffield stated, “We think it’s a critical role for Visa to play to help be this bridge between banks and the crypto ecosystem. EveryContinue reading “Visa amps up its crypto services, as ‘every bank should have a crypto strategy’”

A new era of technology is upon us and India surely does not want to miss out on this, especially when it can leverage it to boot its economy. This point was brought up in a report released by US India Strategic and Partnership Forum [USISPF] and CrossTower which suggested that $1.1 trillion of India’sContinue reading “India: Crypto, Web 3.0 and blockchain can help push India’s economy by $1.1 trillion”

As the crypto-market lost momentum and people across the board panicked again, a group of hackers conflated users’ concerns by targeting Bitmart, a cryptocurrency exchange. Earlier on Sunday, Bitmart Founder and CEO Sheldon Xia confirmed the hack, noting, “We have identified a large-scale security breach related to one of our ETH hot wallets and oneContinue reading “Bitmart loses ~$200M following ‘large-scale security breach’”

In October 2021, Polygon witnessed incomparable growth after it increased its gaming usage by 322% month-over-month [MoM]. Notably, as it strengthens its hold on the blockchain gaming world, the layer 2 solution has forged a strategic partnership with GameOn Entertainment Technologies Inc., a leading game technology provider. Polygon recently set up Polygon Studios, to caterContinue reading “Polygon enters into strategic partnership with GameOn to bring NFT games to clients”

Prominent cryptocurrency exchange Crypto.com is acquiring two exchanges from financial services firm IG Group Holdings Plc. for $216 million. As per the statement from IG Group, the exchanges are North American Derivatives Exchange Inc. [Nadex] and Small Exchange Inc, in which Crypto.com will acquire a nearly 40% stake. As per details of the deal, itContinue reading “Crypto.com will acquire two US-based exchanges from IG Group, in $216 million deal”

Competitive Japanese politicians have called upon the country’s finance officials to ramp up efforts towards developing a digital currency. Notably, of late, most nations have been ramping up their efforts toward developing their own digital fiat. Here, it is noteworthy that Japan has been an important country for cryptocurrencies. But it does not want toContinue reading “Japan’s CBDC plans to ‘speed up’ in the light of other countries ‘moving ahead’ with theirs”

One of the largest names in the Chinese crypto businesses, Huobi Group has now decided to choose Singapore as its regional headquarters. As per co-founder Du Jun, the group will also have another regional base for Europe, possibly in either France or the U.K in 2023. As per reports, the headquarters in Singapore will manageContinue reading “Huobi chooses Singapore as its Southeast Asia base, but cannot cater to local customers”

Cryptocurrencies are practically mainstream now. And yet, there are many who remain wary of the fame it has acquired of late. The English Premier League is the latest to have reservations about the same. These concerns have risen on the back of many clubs in England’s top-tier of football signing a growing number of cryptocurrencyContinue reading “English Premier League to investigate emerging trend of FC-crypto partnerships”

Bank of Israel has been picking up pace as the whole world rushes to the adopt central bank digital currencies [CBDCs]. As per reports, it is accelerating its study, research, and preparations for the possible issuance of its digital shekel. Its objective is creating a more efficient payments system. However, the governor of the BankContinue reading “Bank of Israel accelerating CBDC development, but there is no end date”

If cryptoverse doesn’t sound exciting enough, well then we have a Metaverse in the making. This new-age technology aims to revolutionize the internet. In fact, it is a push towards Web 3.0. Well, the question is- how? Interestingly, this was something the investment giants like Grayscale had been trying to study too. In the sameContinue reading “Metaverse shows potential to become a trillion dollar industry, transform Web3.0”