Web3

Despite reporting 28 crypto service providers in India, the country is yet to take the big leap in introducing legislation for cryptocurrencies or Web3. What Happened: Jayant Sinha, Chair of the Standing Committee on Finance in India's Parliament, and a Minister of Parliament from the ruling...

India-based e-commerce major Flipkart announced its second partnership with Polygon for launching a dedicated blockchain using Polygon Chain Development Kit (CDK). What Happened: Flipkart selected Polygon CDK for building a customized Ethereum-based zero-knowledge (ZK) Layer 2 network. The Indian...

The Indian province of Goa could be the first in the country to be fully powered by blockchain and Web3 technology. What Happened: A new initiative seeks to transform the region into a hub for The Web3 On The Sea initiative seeks to integrate Web3 and blockchain technology across various...

The Oasis Protocol Foundation is collaborating with NFTb, a multifaceted platform backed by Binance Labs. What Happened: The goal is to elevate privacy standards in the realms of digital collectibles and gaming within the crypto space. In a move to address the growing need for confidentiality in...

Messaging protocol Wormhole announced on Monday a raise of $225 million, reaching a valuation of $2.5 billion. This funding round saw participation from major investors such as Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading and others. Messaging protocol...

Web3 investment company Animoca Brands announced it has become the largest validator of The Open Network (CRYPTO: TON) blockchain as part of its plan to onboard the next million Web3 users, a company press release stated. At the time of writing, TON's price is trading 2% higher taking...

OKX on Monday announced the launch of its crypto exchange and Web3 wallet services in Brazil to offer traders a platform for trading a wide array of cryptocurrencies, along with options such as staking rewards and DeFi integrations. The platform will support Brazilian Real (BRL...

Changpeng Zhao, the CEO of Binance (CRYPTO: BNB), the world's largest cryptocurrency exchange, announced his resignation from the role Tuesday.  Zhao's decision comes after a period of intense scrutiny and regulatory challenges for Binance, with the U.S. Department of Justice slamming...

Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) is using its deep-rooted technology experience to help Web3 companies pull the right levers in the crypto world. What To Know: Richard Widmann, head of Web3 strategy at Google Cloud, detailed Alphabet's approach to Web3 Tuesday at...

Walt Disney Co (NYSE: DIS) launched its NFT marketplace, Disney Pinnacle, for tokenizing its iconic animation characters from the past century, as well as characters from its Pixar and Star Wars franchises. A collaboration with Dapper Labs, the NFTs will be uniquely styled as...

Coatue Management, a tech-focused investment firm, has lowered its valuation of its investment in the NFT marketplace OpenSea. Coatue's stake has been decreased drastically from $120 million to just $13 million, The Information reported. This adjustment suggests that OpenSea's...

In a bid to foster innovation and growth in India's blockchain sector, cryptocurrency derivatives and copy trading platform Bitget on Tuesday announced a strategic investment of $10 million. This investment, part of the Blockchain For Youth (B4Y) project, is aimed at nurturing Indian blockchain...

Ledger Live is an app that allows ledger hardware wallet users to access and send their assets. A fake app named, “Ledger Live Web3” on the Microsoft Corp (NASDAQ: MSFT) App Store led users to assume that they were installing the actual Ledger Live interface for offline...

The trial of FTX founder Sam Bankman-Fried is another age-old story of a financial entity defrauding its users, according to Robinson Burkey of the Wormhole Foundation. The majority of the crypto industry will soon rejoice, Burkey predicts. “The majority of the crypto industry is going to be...

Web3 wallet company Backpack received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA) for Backpack Exchange, which will provide crypto exchange services in Dubai. What Happened? Backpack is also behind Mad Lads, a...