Blockchain

The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC. Ahead of the proper launch of the digital rupee, the Reserve Bank of India (RBI) has decided first to conduct a pilot rollout of the virtual fiat. According to the Indian central bank, eight banks will participate in the project, which will occur in two phases. The first phase will feature four banks: Yes Bank, the State Bank of India, ICICI Bank, and IDFC First Bank....

The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digital rupee is slated to be used for purchases of goods and items amongst everyday residents. The RBI Is Boosting the Use of Its Digital Rupee Pratik Gauri – co-founder and CEO of 5ire, a blockchain company – explained in a recent interview: I believe blockchain and decentralization are necessary...

The collection is expected to launch by January 2023, with a total of 7,500 unique NFTs.Luxurious automaker Porsche has come forward with a plan to venture into the virtual world using non-fungible tokens (NFTs) art. The automaker revealed its plans to launch the Porsche NFTs during the ongoing Art Basel in Miami, Florida.Details of Upcoming Porsche NFTsAccording to the firm, the collection will have a total of 7,500 unique NFTs. The firm also confirms that it will be launching the collection...

According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend.E-commerce giant Amazon (NASDAQ: AMZN) has recorded its biggest Thanksgiving shopping weekend this year. This came despite the unstable economy, inflation, and investment losses affecting many. As November ended, the e-commerce company said it saw record-breaking sales within the five days of holiday shopping, between the 24th and the 28th of...

The Huobi Advisory Board will evaluate all Poloniex projects on a monthly basis beginning today.Cryptocurrency exchanges Huobi and Poloniex have finally announced an official partnership after denying media rumors. According to the official announcement, the two exchanges have entered into a ‘strategic partnership’ geared towards multiple cooperation. At the top list of priorities for the strategic partnership between the two companies is developing a more robust entity to compete with other...

As NFTs gain interest from people across the world, it comes extremely difficult for the average cryptocurrency user to stay updated with the newest launches and announcements in the space.According to an announcement on November 30th, cryptocurrency exchange Uniswap users can now avail of trading services of non-fungible tokens via its indigenous protocol. As mentioned by Uniswap, the feature will primarily host NFT collectibles for purchase on platforms like OpenSea, X2Y2, LooksRare,...

Blockchain video game developer Animoca Brands aims at establishing a well-heeled specialized fund to facilitate metaverse projects. Animoca Brands plans to launch a $2 billion fund to invest in metaverse businesses, according to the company’s co-founder and executive chairman Yat Siu. In addition to focusing on digital property rights, Siu said that the Animoca Brands metaverse fund would develop the ecosystem. Furthermore, the Hong Kong-based game software, and venture capital platform,...

TRX is one of the legacy digital currencies around today but which have also been impacted by the ongoing crypto winter.The digital currency ecosystem has evolved over the years and despite the twists and turns, it has become a self-sustaining industry where users earn both passive and active from. The industry’s growth has seen the emergence of unique avenues to make money including staking, mining, yield farming, lending, and borrowing.Besides these established avenues for earning profits,...

The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands.In an ongoing effort to uncover the mishaps that befell the FTX empire, the Texas State Securities Board (TSSB) has summoned Sam Bankman-Fried to a hearing billed to take place on February 2 next year. The TSSB has reportedly been investigating FTX US since October for allegations bordering on its offering of “Earn” which pays yields to...

Bitcoin turned 14 on Halloween this year. How Far Has Bitcoin Come? Back on October 31, 2008, Satoshi Nakamoto – the pseudonymous creator of the world’s largest and most powerful digital currency by market cap – sent the whitepaper for the new anonymous financial system to emails across the world. In the paper, Nakamoto wrote the following: What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with...