Miller Whitehouse-Levine, former CEO of the US-based DeFi Education Fund has launched the Solana Policy Institute (SPI), a non-partisan, non-profit advocacy group based in Washington, DC. Focused on crypto policy and education, SPI aims to collaborate with US regulators to advance Web3 initiatives. Kristin Smith, previously CEO of the Blockchain Association, will serve as SPI’s … Read more
Miller Whitehouse-Levine, former CEO of the US-based DeFi Education Fund has launched the Solana Policy Institute (SPI), a non-partisan, non-profit advocacy group based in Washington, DC. Focused on crypto policy and education, SPI aims to collaborate with US regulators to advance Web3 initiatives. Kristin Smith, previously CEO of the Blockchain Association, will serve as SPI’s … Read more
Ethereum faces pressing questions over its direction as a rejigged user experience saps activity and fees, stoking uncertainty about whether the blockchain will continue to underpin commerce in crypto. Critics point to a growing reliance on so-called Layer-2 blockchains, built on top of Ethereum to improve otherwise clunky and costly transactions. Layer-2 operators like Arbitrum … Read more
India’s Web3 industry leaders have gathered in Bengaluru to discuss the digital renaissance driven by blockchain-based fintech. On Wednesday, December 4, Web3 venture capital firm Hashed Emergent launched the two-day headliner event of India Blockchain Week 2024 in the country’s tech hub. This marks the second edition of IBW, which made its debut in 2023. … Read more
Global payments leader Mastercard is deepening its expansion into cryptocurrency services with a new partnership. In its latest move, the US-based company has teamed up with the popular memecoin ecosystem Floki Inu. As part of this collaboration, Mastercard has introduced a debit card compatible with Floki Inu tokens, currently trading at approximately $0.0002313 (roughly Rs. … Read more
Australia has been tightening its regulatory oversight across various sectors. In the latest development, the country has imposed a $5.1 million fine (roughly Rs. 43 crores or AUD 8 million) on Kraken, the US-based crypto exchange. Kraken operates in Australia through the digital currency platform Bit Trade, which has been instructed by authorities to pay … Read more
US President-elect Donald Trump opened the New York Stock Exchange (NYSE) on Thursday. While addressing the traders at the NYSE, Trump hinted at the implementation of pro-crypto policies during his term. The fresh expression of support from Trump towards the crypto sector came hours after Bitcoin crossed the $100,000 (roughly Rs. 84.8 lakh) in pricing … Read more
Funds stolen by hacking cryptocurrency platforms surged 21 percent from a year ago to $2.2 billion (roughly Rs. 18,710) in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion (roughly Rs. 15,302 … Read more
India, securing the top position on Chainalysis’ Global Crypto Adoption Index for the second consecutive year in 2024, has earned widespread recognition for its vibrant and skilled community of Web3 developers. Jesse Pollak, a senior Coinbase official, shares this sentiment, describing Indian developers in the fields of crypto, DeFi, and blockchain applications as highly ‘sophisticated’ … Read more
The Bharat Web3 Association (BWA), a non-governmental crypto body comprising industry stakeholders, has released detailed guidelines to promote safe business practices for Web3 service providers in India. Chaired by former FICCI Secretary General Dilip Chenoy, the BWA unveiled two comprehensive sets of guidelines this week, focusing on ensuring secure and equitable service offerings. These guidelines … Read more