Swinburne Uni brings Web3 firms to class

Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world. The partnership is between Swinburne and small business loan provider Judo Bank along with Banxa, a payment service provider with a fiat to crypto platform whose clients include Binance, KuCoin, and Trezor amongst others. Students of the university’s Master of Financial Technology (FinTech) course will be “exposed to real life examples and cases across the spectrum of financial services,” Dr. Dimitrios Salampasis Swinburne’s Director…

Ethereum Dives 10%, Why ETH Might Test $1,500

Ethereum extended decline below the $1,820 support against the US Dollar. ETH tested $1,730 and remains at a risk of more downsides in the near term. Ethereum gained bearish momentum and declined below $1,820. The price is now trading below $1,800 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling and remains at a risk of more losses below $1,700. Ethereum Price Gains Bearish Momentum Ethereum…

XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Supply

The total supply of XRP circulating in the market is now at 48.3 billion from the total XRP supply of 100 billion. XRP whales currently hold from 1 million to 10 million XRPs and are on a massive hoarding spree with an uptick in supply stretching out to a two-month high. These active XRP whales currently chalked up over 6.12% of the total XRP. Despite the collapse of the crypto market, Ripple whales have resurfaced to be increasingly daring and active.   According to Santiment, “XRP Network whales holding between 1M…

Crypto spam increases 4000% in two years: LunarCrush

Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider LunarCrush has revealed spam in the cryptosphere has increased by an astonishing 3,894%. The firm has been collecting crypto-specific social data since 2019, and says not only is spam at an all-time high, it’s also “the fastest growing metric on social media.” The findings were published in a May 25 report, stating that “more spam…

Exclusive: Meesho to look at metaverse, web3, other blockchain use cases for e-commerce sellers, buyers

Technology for MSMEs: After Amazon and Flipkart, e-commerce company Meesho may soon embrace blockchain-based use cases to improve the digital experience of buyers and sellers on its platform. E-commerce is arguably the next frontier in redefining online sale and purchase of goods through blockchain-based metaverse, web3, non-fungible tokens (NFTs), and other use cases. Hence, digital-native platforms are seemingly keen to explore blockchain which is considered to be the holy grail of trust and security. “I do see a lot of promise here for buyers and sellers on Meesho interacting in…

Bitcoin Price Resumes Decline, Why BTC Remains At Risk

Bitcoin spiked below the key $28,500 support zone against the US Dollar. BTC is declining and might continue to move down towards the $27,500 support. Bitcoin is moving lower and facing a major resistance near the $29,600 zone. The price is now trading below the $29,000 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it settles below the…

Binance Bahrain Gets Category 4 License to Provide Crypto Trading Service

Binance, a global cryptocurrency exchange, announced on Thursday that its subsidiary in Bahrain has received a Category 4 license as a crypto asset service provider (CASP) from the Central Bank of Bahrain (CBB). According to the announcement, Binance Bahrain is the first exchange to be awarded a category 4 license by the CBB. The Category 4 license will allow Binance Bahrain to offer a full range of crypto trading services to consumers under the supervision of the Bahrain regulators. Richard Teng, Head of MENA at Binance, further elaborated: “The upgrade…

JPMorgan trials blockchain for collateral settlement in after-hours trading

Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg JPMorgan conducted a pilot transaction last Friday which saw two of its entities transfer a tokenized representation of Black Rock Inc. money market fund shares A money market fund is a type of mutual fund that is considered as a low risk investment as it offers exposure to liquid and short term assets such as cash, cash equivalents and debt-securities with high credit ratings. In terms of…

The Curious Case of Coinbase’s India Communications Strategy

On April 7, 2022, Coinbase launched operations in India, with executives touting how easy it would be to trade on the company app with payments being processed by Unified Payments Interface, or UPI, a widely used payments system in India. Hours after the event, though, the entity that governs UPI, (National Payments Corporation of India, under the aegis of the RBI) tweeted to clarify that it was “not aware of any crypto exchange using UPI.” Author: Amitoj Singh Source link

Crypto Carbon Trading Is Racing to Clean Up Its Act; Cryptos Drop Even as Stocks Rise

“Some traditional internet business models, like advertising, are likely to persist in the metaverse. However, with blockchain-adjacent technologies such as decentralized identity and zero-knowledge proofs (ZKP), one’s privacy can actually be preserved in the metaverse, if we construct the foundations just right. Nonetheless, leveraging these kinds of privacy and identity technologies, especially ZKPs, may come with the additional hurdle of poorer latency [because] the zero-knowledge proof itself can be computationally expensive to perform.” (CoinDesk columnist Daniel Kuhn) … “And yet, even if met with dogma or incredulity, innovation is rarely…