RBI taps leading banks to facilitate blockchain-based trade financing

RBI taps leading banks to facilitate blockchain-based trade financing
The central bank is reportedly engaging with nearly a dozen top lenders including ICICI Bank, HDFC Bank, and State bank of India to run a blockchain-based pilot project which emphasizes on trade financing. If the project worked successfully, it could help in preventing big loan scandals and frauds like the one done by Nirav Modi and Mehul Choski who played with the system to siphon off huge amounts of money. US-based Corda Technologies, Bel

PIP introduces non-coding PIP button to simplify blockchain payments

PIP introduces non-coding PIP button to simplify blockchain payments
PIP, a Web3 payment service provider, has recently launched a solution that seeks to help blockchain content creators augment their business by facilitating a non-invasive payment method. This initiative is named ‘The PIP Button,’ which enables content consumers to make payments for creative content that they like in a much affordable and faster manner by integrating major blockchain systems. Built on Solana, PIP integrates scal

Bitcoin collapses further as the crypto market sees a sharp dip

Bitcoin collapses further as the crypto market sees a sharp dip
The world’s largest cryptocurrency, Bitcoin has slumped nearly 70% since its high of $69,000, recorded in November. Bitcoin tipped recently to a new 18-month low, standing at $20,289 and dragged several other smaller tokens down with it. Cryptocurrencies have witnessed a sharp fall after US-based crypto lender, Celsius halted transfers and withdrawals between accounts, amid fears of wider fallout in digital currency market which were alre

Crypto platform Celsius pauses withdrawals due to fragile crypto market

Crypto platform Celsius pauses withdrawals due to fragile crypto market
Celsius, a platform that facilitate buy, earn, swap, borrow, and send crypto, has recently announced that it is pausing all withdrawals, creating more pain in the presently fragile crypto market. Celsius is one of the leading players in the crypto lending space, with nearly $8 billion lent out to its customers and approximately $12 billion in the form of assets under management as of May 2022. This platform is just like a bank in terms of crypto

Auto-tech firm CarzSo announces plans to enter the metaverse space

Auto-tech firm CarzSo announces plans to enter the metaverse space
CarzSo has appointed a firm to file patents around the use of metaverse and virtual showrooms in the retail auto sector CarzSo, the first Indian virtual pre-owned cars showroom for certified petrol & CNG used cars, is reportedly planning to fund the Web 3 infrastructure and has announced its plans for building the parcel of lands based on NFTs for introducing an auto industry-focused metaverse. As per reliable sources, it is correspondingly

Oberheiden launches BlockchainLawyer.com to expand in blockchain space

Oberheiden launches BlockchainLawyer.com to expand in blockchain space
Oberheiden P.C., a Texas-based law firm, has recently announced the launch of BlockchainLawyer.com to provide an extended suite of counseling, compliance, litigation, and transactional services to clients not only in the United States but throughout the world. Founding Attorney Nick Oberheiden, Ph.D., said that the law firm seeks to expand its footprints in the blockchain space. As numerous clients depend on Oberheiden attorney’s advice f

Vietnam Blockchain Association, Binance to foster blockchain tech

Vietnam Blockchain Association, Binance to foster blockchain tech
Vietnam Blockchain Association and crypto exchange giant Binance have recently announced their cooperation to foster application/research on Blockchain Technology and boost Human Resource Training in Vietnam to promote the development of Blockchain in the country. Along with this, both parties will work together to establish partnerships with some leading tech firms across the globe. According to Changpeng Zhao, the founder and CEO of Binan

Brazil introduces Blockchain Network to fight against corruption

Brazil introduces Blockchain Network to fight against corruption
Brazil has recently introduced its new blockchain network with an aim to integrate all public expenses into the network in order to increase traceability and transparency in spending. The network was launched after the Brazilian Development Bank (BNDES) and the Court of Accounts of Uniam (TCU) reached a mutual agreement to corporate together. The development work for the blockchain network commenced in 2018. It was built on Hyperledger Besu 2.

China’s anti-crypto regulation force STEPN to block mainland users

China’s anti-crypto regulation force STEPN to block mainland users
The country’s progressing crackdown against crypto-related businesses has led the NFT gaming app to block users from mainland China’s anti-crypto regulations have reportedly blocked the mainland users of NFT (non-fungible token) gaming app Stepn to access the app starting on 15 July. The restriction is set to come into effect when Stepn stops providing GPS and IP location services.    Despite announcing the plans