BLOCKCHAIN
Fintech firms should focus on creating solutions for problems faced by developing nations: Official
Fintech companies should address the challenges of developing countries, said Mahaveer Singhvi, Joint Secretary for New Emerging and Strategic Technologies at the Ministry of External Affairs. Speaking at the 2024 Global Fintech Fest, he emphasised the importance of cross-border cooperation and focusing on financial inclusion. He highlighted the potential benefits for businesses and diplomatic objectives.
India has prominent role in rule-making for fintech solutions, DPI: Dammu Ravi
India is also trying to build and help countries in the global south with DPI (Digital Public Infrastructure). "For a long time, India has always been a rule-taker. We just complied with the rules made by the global community, largely driven by the Western nations. But in the fin-tech solutions, fin-tech technologies, and the DPI world, India has an eminent role to play in rule-making because most of the technologies are made in India," Ravi said while addressing Global Fintech Fest in Mumbai.
ET Explains: Using blockchain to check spam is a work in progress
In the immediate term, the blockchain registration system was able to weed out unregistered spammers. The number of headers being used to send SMSes were reduced by one-third from about 900,000 in 2018 to about 600,000 in 2022. Lookalike headers of SBI, Uber, Amazon, etc. used by spammers were dropped. However, the scale of implementation was so huge that many companies didn't get it right. This led to the failure of 50% messages on March 8, 2021, when telecom companies started filtering their content templates. OTPs from banks, railways, Aadhaar authentication and even with Co-Win registrations needed for Covid vaccinations were disrupted then.
Why chain abstraction is the next frontier for Web3
Web3's early solution to scalability issues was modularity—breaking down blockchain tasks into separate components. This resulted in the creation of various layer-2 solutions, rollups, sidechains, and state channels, which boosted scalability but also caused increased fragmentation. Each new solution formed its own ecosystem with separate liquidity pools, user bases, and a steeper learning curve for developers and users.
Solana takes over Ethereum, what's next for investors? Anush Jafer explain
Jafer also touched on the broader implications of this rivalry for the crypto market as a whole. He predicted that the competition between Solana and Ethereum would drive innovation, benefiting the entire blockchain space. "Healthy competition often leads to better products and services
We are bridging the gap between supply chain and banking, with thrust on sustainability: Arteria Technologies
AI and blockchain can help companies make supply chains more efficient and also improve enterprises’ access to banking solutions, says Sriram Kanuri, CEO and Founder of Arteria Technologies.
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Where is Cardano (ADA) price headed next? Here's one altcoin to buy instead
Cardano (ADA) saw a significant drop during a market crash but is now recovering, trading at around $0.35. Risks remain if it dips below $0.3 again. Emerging projects like PlayDoge, which combines retro gaming and meme culture, have gained popularity, raising $6 million during its presale for its unique play-to-earn model.
Trai directs telcos to migrate 140-series calls to blockchain platform to curb spam
Trai has instructed telecom operators to shift telemarketing calls to a blockchain-based DLT platform by September 30. Starting November 1, 2024, all messages need to be traceable. The regulator will suspend traffic for unauthorized headers and templates, requiring telemarketers to report misuse within two business days. This aims to curb spam and enhance message traceability.
How blockchain is helping transform India's realty landscape
Blockchain technology started to impact real estate worldwide by introducing greater transparency and efficiency. In India, its adoption had been slow due to regulatory issues and lagging digitization. Despite these obstacles, blockchain's potential to revolutionize property transactions was significant, promising enhanced security and streamlined processes as these challenges were addressed.
Ethereum Price Prediction & Forecast for 2024 to 2030: Mudrex Research Team
Ethereum, currently priced at $2,679.08 USD, has experienced considerable price fluctuations. Analysis indicates short-term stability and long-term growth potential. With price targets between $3,500 to $35,000 by 2030, the future of Ethereum looks promising, driven by expanding use cases and significant adoption. Market trends and technological developments are key factors affecting its future value.
Step Aside ETH, SOL is The New Supercoin
Solana, the fourth largest cryptocurrency by market cap, is a lightning-fast and cost-effective blockchain network that has positioned itself as a strong competitor to Ethereum. Recent on-chain metrics reflect Solana’s increasing influence and competitive stance. However, Solana faces challenges, including centralization concerns, an inflationary token model, and past network instability. The Firedancer protocol aims to address centralization concerns by introducing a second validator client and supporting sharding to enhance scalability.
Telegram's TON Coin: Key Predictions and Trends for 2025
Telegram's TON blockchain focuses on decentralized applications and scalability. Currently trading at $6.74, it shows potential for stable growth amid short-term fluctuations. The integration with Telegram and possible bullish factors such as interest rate cuts may drive Toncoin towards new all-time highs and significant adoption in the coming year.
Understanding Smart Contracts: The backbone of secure transactions in DeFi
This article explores DeFi and Ethereum-based smart contracts introduced by Nick Szabo, streamlining lending platforms, DEXs like Uniswap, and tokenized assets. Key features include atomic settlements and composability. Despite efficiencies, risks like the Poly Network hack necessitate security audits. Future advancements involve self-custody, AI integration, and interoperability in structured products.
Investing in meme coins: Key strategies from Giottus co-founder Arjun Vijay
In an ETMarkets live stream, Arjun Vijay discussed the community-driven value of meme coins like Dogecoin and Pepe. Investors need risk management, diversified portfolios, and strategic exits. Tools like Birdbird.so track market cap, trading volume, and trends. Meme coins like Floki, propelled by social media hype, outperform traditional markets and major cryptos.
Rise of Telegram-friendly chain spurs talk of crypto super app
The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.
Crypto hacking thefts double to $1.4 bln in first half, say researchers
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday.
Navigating the crypto universe: Insights from Coin DCX's Mridul Gupta
In a recent live stream on ETMarkets, Mridul Gupta, Chief Operating Officer of CoinDCX, delved into the intricate realm of cryptocurrency investments, offering valuable insights. Gupta explored fundamental concepts like Web3 and blockchain technology, highlighting the growing significance of cryptocurrencies as an emerging asset class.
Why crypto is an asset class that cannot be ignored?
Sathvik Vishwanath discusses the disruptive force of cryptocurrencies and their significance as an asset class in a live stream on ETMarkets, highlighting future trends like Ethereum 2.0 and DeFi.
Crypto Gems: Top crypto assets to watch & buy in June 2024
May was a historic month for crypto enthusiasts with Ethereum spot ETFs approval in the US. Bitcoin nears all-time high while altcoins like Ethereum, Solana, and Cardano are still off their 2021 peaks.
Cryptocurrencies: Misunderstood in a hurry, 99.99% are speculative, but understanding 0.01% is worth the effort to find a new FANG
According to rough estimates, as on date there are more than 10,000 crypto currencies which are available for trading. Do you know that there is nothing which stops you from launching another crypto currency. So there is a dichotomy in the world of crypto currencies. On one side there is “ bitcoin” whose biggest selling point is that it has limited supply, but on the other hand there can be unlimited supply of crypto currencies. So, which part of the story should you believe? There is another divergence, when you dig a bit deeper, yes, 99.99% are speculative or probably not even worth having a look at. But another 0.01% are not. Just because they have been clubbed together in the generic basket called “ crypto currencies” they are also being treated as speculative. In reality they are technology platforms which are solving a problem which traditional tech companies have not been able to solve because of multiple reasons. So, rather than painting them same brush, it is time to understand them because the fact is crypto are here to stay
Why does India have the first mover advantage in Web3 technology?
While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a positive step, creating a safer trading environment for all.
The Man Behind Bit-Con
Craig Steven Wright of nChain claimed to be Bitcoin's creator, Satoshi Nakamoto, facing legal disputes with the crypto industry over his assertion.
Unveiling the true value of cryptocurrencies: Key insights from Parth Chaturvedi of CoinSwitch Ventures
In a realm as dynamic as cryptocurrency, deciphering the factors that underpin the value of digital assets can feel akin to solving a cryptic puzzle. Parth Chaturvedi, Head of Investments at CoinSwitch Ventures, recently led an illuminating session designed to demystify the essence of crypto asset value.
Bitcoin Pizza Day and the rise of crypto commerce
Bitcoin Pizza Day celebrates the first real-world Bitcoin transaction in 2010 when Laszlo Hanyecz, a programmer, paid 10,000 Bitcoins for two Papa John's pizzas. This event marked the rise of crypto commerce, as highlighted by Mr. CEO & Co-founder of Mudrex, a Global Crypto Investment Platform.
Cryptocurrencies gain as investors turn optimistic on ether ETFs
Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Monday.
Cryptocurrency Price on May 17: Bitcoin above $66.2K; Chainlink, Polkadot rise up to 15%
The collaboration between DTCC in the US, along with Chainlink and major US banks, completed a successful pilot to expedite the tokenization of funds. Parth Chaturvedi, of CoinSwitch, said this partnership marks a significant step towards blockchain technology in traditional asset management.
Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom
Losing access to a crypto wallet is a well-known problem. Investors forgetting their intricate passwords is a primary reason, but loss of access to two-factor authentication devices, unexpected shutdowns of cryptocurrency exchanges and cyberattacks are also common
Unlocking Blockchain and Web 3.0: Insights from Parth Chaturvedi of CoinSwitch Ventures
Highlighting the core strengths of blockchain, Chaturvedi underscored its transparency and security, attributes that stem from its decentralized structure spread across numerous nodes.
Bitcoin Investment: 5 tips to invest in the crypto asset
New investors in Bitcoin must keep their minds open, and do their due diligence before deciding to invest in Bitcoin, as it does not only offer a huge payday but also stark uncertainty at times. Purchasing or mining Bitcoin can often be tricky, so here are some tips that will offer some insights to beginners thinking about entering the crypto market.
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