Blockchain

Polygon appoints Sandeep Nailwal as CEO, signals founder-led reboot

Sandeep Nailwal will lead the Polygon Foundation with a product-first vision, focused on scaling Agglayer, evolving Polygon PoS, and boosting ecosystem value

Trump's family-backed crypto firm courts Pakistan: What's in it for both?

World Liberty Financial, owned by Trump family, partners with Pakistan Crypto Council to boost blockchain adoption and DeFi integration

Trump-backed World Liberty partners with Pak Crypto Council, sign key deals

In a key move in the development of Pakistan's financial technology sector, the Pakistan Crypto Council (PCC) and World Liberty Financial (WLF) officially signed a series of agreements aimed at promoting investment and innovation in the crypto industry. The signing ceremony held on Saturday was attended by Minister for Information Ata Tarar, CEO of Pakistan Crypto Council Bilal Bin Saeed, the WLF co-chairman Zack Vetkoff and other officials. According to a press statement by the finance ministry, the US delegation comprised Zachary Folkman, Chase Herro and Zachary Witkoff, the son of Trump's special envoy Steve Witkoff. (The) WLF ... has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation, stablecoin adoption and decentralised finance integration across Pakistan, it stated. The delegation also met the prime minister, chief of army staff, deputy prime minister, information and defence ministers to formalise cooperation, marking a major step toward ...

PwC India launches programme to mentor 15 startups in blockchain, AI

PwC India has announced the launch of its first-ever startup accelerator programme 'Emerging Tech Startup Challenge' geared to empower startups in the emerging technology space to refine their solutions and bolster market penetration. The accelerator programme is aimed at driving innovation and supporting India's vibrant startup ecosystem by providing mentorship, consulting expertise, and strategic guidance. Announcing the launch of 'Emerging Tech Startup Challenge', PwC India said the programme is open to all India-based startups working across the areas of artificial intelligence (AI), data analytics, blockchain/Web 3.0, space tech, Industry 4.0, and spatial reality, among others. "We would be excited to see wide ranging innovations across industries in B2B/B2C segments, such as, retail and consumer, manufacturing, financial services, infrastructure, healthcare and telecom," it said. Over three months, 15 selected startups will benefit from access to mentorship from subject matte

Trump Memecoin likely generated at least $11 million in fees: Report

The crypto world was caught by surprise when the "official" Trump memecoin was released late on Jan. 17 by the former crypto skeptic turned supporter

Jio Platforms debuts blockchain-powered 'JioCoin': All you need to know

JioCoins are blockchain-based reward tokens that users can earn for engaging with different mobile or internet-based apps as decided by Jio Platforms

Reliance Jio ties up with Polygon Labs to bring Web3 to 450 million users

Blockchain collaboration aims to expand Web3 applications beyond cryptocurrency for Jio's vast customer base

Grow Digi gets two patents for sector agnostic blockchain tech layer

Indian blockchain technology startup Grow Digi has been granted two patents comprising technology that reduces need for data storage by about 95 per cent, reduced time for transactions and enhances security, a top official of the firm said. Grow Digi Founder and Managing Director Sachin Kumar told PTI that the bootstrapped company has developed a layer 1 or base layer of blockchain technology with base in India that will allow enterprises to develop their blockchain-based applications. "We have been granted two patents from the government's patent office. We are the first Indian firm to have layer 1 registered in India. The patents will reduce data storage requirement by 95 per cent in the blockchain as well as reduce transaction time from minimum of 5 seconds to less than 300 millisecond," Kumar said. Layer 1 serves as the first layer which is required for enterprises to develop their applications. Kumar said the company's patented technology can replace the present system of ...

Visa unveils platform for global banks to issue stablecoin, other tokens

The product is designed to let banks use their tokens within smart contracts for programmability

54 new spacetech startups in 2023 represent new opportunities for India

Spacetech startups are harnessing artificial intelligence and 'deep technologies' like Blockchain and Internet of Things to transform industries and solve pressing societal challenges

JPMorgan Chase eyeing Swiss corporate business gains, blockchain boost

One of the leading foreign banks in Switzerland alongside peers including Deutsche Bank, Citigroup, HSBC and BNP Paribas, JPMorgan has given itself three to five years to expand its position

K'taka okays Rs 100 cr 'Nipuna Karnataka' scheme after local job quota row

The 'Nipuna Karnataka' programme, which includes a Rs 10 crore pilot project, is aimed at boosting the global competitiveness of state's young workforce

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained

Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that invested in Toncoin, whose blockchain is being used on Telegram

After forensic analysis, WazirX blames wallet provider for crypto heist

Liminal clarifies its systems were not compromised

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

WazirX fallout: On crypto bourses table, a reparation fund for clients

Traditional insurance products for crypto difficult ask: Experts

WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote

WazirX will socialise the loss and distribute its impact across all the users on the platform

Kabosu, Japanese dog who inspired Dogecoin and Shiba Inu, passes away at 17

Crypto icon Kabosu, the Japanese dog who inspired Dogecoin and Shiba Inu, passed away at the age of 17. The owner of the dog shared the information through his blog post

NFTs lag amid crypto surge: Hope to revive interest lies in tokenisation?

Cryptocurrency and NFTs, connected through blockchain, once scaled their peaks hand in hand

Ex-crypto mogul Sam Bankman may go to jail for defrauding FTX investors

Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced on Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David. A jury found that Bankman-Fried illegally used money from FTX depositors to cover his expenses, which included purchasing luxury properties in the Caribbean, alleged bribes to Chinese officials and private planes. Prosecutors recommended a prison sentence of 40 to 50 years. The defendant victimised tens of thousands of people and companies, across several continents, over a period of multiple years. He stole money from customers who entrusted it to him; h