Jan 18, 2023 07:41 AM IST

Top cryptocurrency news on January 18: How regulator-required insurance can mitigate crypto exchange risks, future economy to see greater tokenization, says panel at WEF, and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

Bitcoin smashes $21,000 ceiling; experts weigh in on the development

This milestone comes as investors anticipate that the digital asset may have reached a low point and as concerns about inflation continue to drive interest in it.

Crypto winter triggers avalanche of layoffs in 2023; Blockchain.com cuts 28% jobs

The layoffs come after Blockchain.com was forced to cut about 150 staff in July as the firm grappled with a $270 million hit on loans it made to failed hedge fund Three Arrows Capital, as per reports.

How does blockchain work in financial system?

Flipkart partners with Polygon to to set up a Blockchain-eCommerce Centre of Excellence

Through Flipkart Labs, the e-commerce major has been piloting with Web3 initiatives over the past year. Earlier this year, it launched FireDrops, an NFT platform for brands. During the festive sale, Flipkart piloted its metaverse - called Flipverse.

Top Cryptocurrency Prices Today December 1: Bitcoin falls, Binance Coin and XRP among top laggards

The total volume in DeFi stood at $3.43 billion, which is 6.90 percent of the total crypto market 24-hour volume.

This university offers free course in metaverse but you must have an NFT to attend

The course is supported by Binance founder and CEO Changpeng Zhao who is also offering scholarships.

Venture capitalists flock to blockchain firms in third quarter: Pitchbook

Outlook for funding in the current quarter has darkened as cryptocurrencies reel from the impact of the stunning collapse of FTX earlier this month.

Cryptonite or superpower? Why these institutes are teaching kids about cryptos and blockchain 

Amid the meltdown in the cryptocurrency world, some institutions are offering short-term courses and online crypto camps for kids with an eye on the future.

Blockchain firm Valereum gets approval to buy Gibraltar exchange

Valereum said it has received consent from the Gibraltar Financial Services Commission to complete the acquisition.

Business of entertainment: Music industry wants to turn you into a distributor via NFTs

This new form of ownership and distribution could define the future of the music industry.

Israel eyes government bond issuance via blockchain technology

Implementation of advanced technologies such as blockchain, the TASE said, would reduce costs, shorten the duration issuance and clearing of government bonds, improve transparency and mitigate risks.

Top Cryptocurrency Prices Today October 19: Major cryptos in red; Cardano, XRP among top laggards

The total volume in DeFi is currently $3.62 billion. The volume of all stable coins is now $50.17 billion.

What is decentralised finance?

Maharashtra revenue department set for a facelift with blockchain technology

But, the Maharashtra revenue department will not look like that in a couple of years as it is set for a transformation by adopting the blockchain technology.

Blockchain can help implement and scale wireless communications: Princeton Professor

Wireless is inherently decentralised, dispersed and distributed. Decentralisation and distributed control constitute the heart of blockchain technology, providing a natural way for individuals and miners to set up a base station in their houses, and connect the neighbourhood, says Prof. Pramod Vishwanath, of Princeton University

Can ‘the Merge’ save crypto?

Many crypto fans hope that it will turn things around for the crypto movement, which has been besieged in the past year by trillions of dollars in losses, a string of major scams and hacks and a new wave of regulatory scrutiny

Ethereum blockchain says slashing energy use with software overhaul

The new system will use 99.95% less energy, according to the Ethereum Foundation. To its proponents, the upgrade represents a major advantage as Ethereum seeks to surpass rival blockchain bitcoin.

Ethereum Merge: Blockchain heading for major upgrade to cut energy use

The upgrade, known as the "Merge," will mark a radical change to how transactions on the Ethereum blockchain occur, and ether tokens are created.

Explainer: Understanding Ethereum's major 'Merge' upgrade

The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created.crypt

Dubai grants provisional approval to crypto firm Blockchain.com

London-based crypto firm Blockchain.com said it had won a provisional approval to operate in Dubai, becoming the latest in a series of digital asset companies expanding in the Gulf region

How cryptocurrency & the metaverse are joined at the hip

Blockchain-based cryptocurrencies can open up possibilities of commerce in the metaverse

Maharashtra govt develops blockchain technology to store property buyers' e-registration data

The blockchain will store the e-registration data and authenticate it. Currently, 417 developers in the state have opted for the e-registration system.

Can India become a haven for millennial entrepreneurs in the Web3 space? 

Clear guidelines, better formal reporting practices and VDA-specific tax solutions are necessary to help young founders navigate challenges while they focus on the vision of their company.

Combination of cryptos, online sports making waves, experts say 

Play-to-earn games encrypted by blockchain technology for transparency have not only attracted users of Web3, as the new iteration of the Internet is known, but have intrigued Web2 users as well. Blockchain games have attracted users aged from 15 to 60 years, experts say.