OKX has decided to exit India’s crypto sphere. The crypto exchange informed its Indian community on March 21 that they should close their accounts on the platform before April 30.
OKX Exits India’s Crypto Space Failing to Meet Legal Requirements
Bitcoin Value Sees Notable Spike, Most Altcoins Shrug Off Volatile Phase of Price Correction
The overall valuation of the crypto market rose by 0.58 percent in the last 24 hours. Bitcoin saw a minor loss of 1.60 percent on Friday to trade at $64,950 (roughly Rs. 54.13 lakh). Solana, Polkadot, and Polygon saw losses alongside BTC. Ether, on the other hand, saw gains alongside Cardano, Tron, and Shiba Inu.
BlackRock Files With SEC to Offer Fund With Tokenization Firm Securitize
BlackRock plans to offer a tokenized fund through a partnership with Securitize, a digital-asset firm specializing in tokenization. The firm is set to become the latest Wall Street behemoth to experiment with putting money on blockchains. Securitize already is working with KKR, Hamilton Lane and others for tokenized funds.
Coinbase Plans to Launch Futures Trading for Dogecoin, Lauds Memecoin’s Transition Over Years
Coinbase is planning to launch a futures trading service for Dogecoin around April 1. The exchange believes that since its inception in 2013, Dogecoin has transcended its origins as a memecoin.
Polygon Labs Team With Immutable, King River Capital to Announce Inevitable Games Fund
Venture firms Immutable and King River Capital along with blockchain firm, the Polygon Labs have set up a $100 million (roughly Rs. 83 crores) fund called the Inevitable Games Fund (IGF).
Bitcoin Retreats to $62,000, Ether Drops to $3,100 as Crypto Market Sees Notable Slowdown
The overall market cap of the crypto sector dropped by 5.76 percent in the last 24 hours. Bitcoin and Ether – both are trading in significantly reduced prices. Most altcoins, as of Wednesday, March 20 are trading in losses. Small profits, meanwhile, were reflected by Leo and Iota.
Bitcoin Grabs Attention of World’s Largest Pension Fund Based in Japan
Japan’s Government Pension Investment Fund (GPIF) is considering diversifying investment portfolios. The organisation is launching a research programme to study other potential investment assets like farmland, gold, Bitcoin among others.
Changpeng Zhao Announces New Project ‘Giggle Academy’ Despite Potential Legal Uncertainty
Binance’s former CEO Changpeng Zhao is launching a new project called Giggle Academy. Despite legal uncertainties, Zhao is hiring a small team of teachers who can create digital content, to run this project and report directly to him.
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
Metaverse to Supercharge Upcoming Industrial Revolution: World Economic Forum
An estimated 92 percent of manufacturing firms in the US are exploring ways to add a metaverse twist to their existing business operations, the WEF has said in its recent report. The industrial metaverse is projected to be a $100 billion (roughly Rs. 8,29,018 crore) market globally by 2030, the report predicts.