Blockchain & crypto news from India
Ethereum’s inflation rate has experienced a notable increase, reaching 0.74%. This has prompted concerns about its traditional status as “ultrasound money,” as highlighted in Binance’s October 2024 Monthly Market Insights report. The report delves into the fact that the issuance rate of Ether has reached its peak in a span of two years. This trend…
Hong Kong’s digital banks are facing a crucial juncture. Despite their presence in the market, they only command a small share of the financial industry, holding a mere 0.3% of the total assets held by retail banks. This indicates a significant opportunity for growth and expansion in the digital banking sector. One of the significant…
On July 4, a report from blockchain analytics platform DappRadar revealed that in the second quarter, the number of users utilizing Web3 applications soared to an all-time high. The report indicated that there were approximately 10 million daily unique active wallets (dUAW) throughout the quarter, marking a substantial 40% surge from the first quarter and…
The use of metaverse is gradually becoming more common in 2024, although it is still waiting for a breakthrough app to encourage widespread adoption. However, it has found its place in the healthcare industry, where it is being used for telemedicine, surgical training, and innovative surgical techniques. This has generated a lot of positive interest…
Despite controversies, the fully diluted market cap of Ethereum’s much-anticipated layer-2 solution, Starknet, has surpassed $20 billion due to high demand from the airdrop. On February 20, the developers of Starknet decided to distribute around 700 million STRK tokens out of a total of 10 billion to various entities. Within the first 90 minutes of…
India founded Polygon blockchain, which is a preferred second level Ethereum scaling solution, recently crossed 138,081 unique active wallet addresses (UAWs) that are related to gaming. Data from DappRadar in a recent Blockchain Games Report shows a 53% rise in active wallets on Polygon compared to February. The other popular blockchains for gaming are Hive…
The National Bank of Australia recently send stable coins on the Ethereum blockchain in what is its first cross-border pilot payment. The bank also used smart contracts for various global currencies, thus testing the use of cryptocurrency for its large clients located outside the country. The bank has created its Australian stablecoin, AUDN, that will…
Web3 music platforms are another upcoming service that will bring NFT, metaverse and blockchain into the global music scene. As a creative object or work of art, a song or album can be incorporated into an NFT and traded with royalty rights for the artist. Warner Music Group recently tied up with NFT marketplace Opensea…
Reaching out to user traffic, followed by user content, and now user’s crypto wallet, the world wide web has evolved to offer direct services to users around the world. Nike, the global sports and retail merchandise maker, has entered Web3 with .SWOOSH. On SWOOSH, everyone, from consumers to athletes, can “design and own” virtual creations…
Want to join the Web3 revolution? Set up your wallet, get some Bitcoin or Ether and welcome onboard. A little wallet tucked on the browser’s tool bar is bringing about the next great revolution in the world wide web, or loosely called, the internet. Not everyone is impressed though, and least of all, the founder…