Nokia is working to make its services and equipment capable of handling the coming times when Web3, Metaverse and Artificial Intelligence will take centre stage and demand more network. By 2030, Nokia estimates, the network demand is likely to increase between 22 percent to 25 percent.
The Shiba Inu team is working with cryptography firm Zama to create a new layer of encryption for its network. The aim is to increase the security quotient for this network. The move could set a mark for other Layer-2 blockchains to adopt similar methods too and secure their respective networks and communities as well.
Telegram has announced that it will be sharing ad revenues with channel owners. When advertisements displayed on a particular channel fetch revenue, 50 percent of it will be given to the owner of this channel in the form of Toncoins.
The overall crypto market cap rose by 6.90 percent in the last 24 hours. Bitcoin, as of Thursday, February 29 is trading at $61,746 (roughly Rs. 51.4 lakh). Ether’s trading value stands at $3,424 (roughly Rs. 2.83 lakh).
Magic Eden reportedly saw over 45,000 Bitcoin NFT buyers this month and over 97,000 sellers listed their Bitcoin NFTs on the platform. Statistics show that the sales of Bitcoin-based NFTs picked pace when the price point of BTC reached and exceeded $25,000 (roughly Rs. 20.7 lakh).
Sam Bankman-Fried’s lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder’s conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
Sumit Gupta, the CEO of CoinDCX has asked crypto enthusiasts to reach out with issue-solving ideas that could help expand the Web3 ecosystem in the country. People from India’s crypto industry have reacted positively to this initiave and have listed some urgent changes that could help the Web3 sector to explode to its potential in the country.
The overall crypto market cap rose by 1.90 percent in the last 24 hours. Bitcoin and Ether are rallying with profits. The US GDP prelim (QoQ) could introduce some volatility into the market, industry players have warned investors.
The Financial Stability Board (FSB) is laying importance to crypto policy work and AI as the G20 summit steps into its nineteenth year. Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the group for the next one year.
As Bitcoin is rising in value, its anonymous creator who goes by the pseudoname of Satoshi Nakamoto is also getting richer. Nakamoto’s estimated holding of 1,125,150 Bitcoin has breached the mark of $60 billion (roughly Rs. 4,97,301 crore) as of Tuesday, February 27.