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Business News | NamasteyNFT All Set to Host Mega Summit on 14th and 15th May in Bengaluru, Visit for an Immersive Metaverse Experience

Get latest articles and stories on Business at LatestLY. NamasteyNFT Bengaluru 2022, India s first much-awaited Web3 mega summit is set to take place on 14th-15th May at a one-of-a-kind, free-to-enter event to be held at the Bangalore International Exhibition Center. Business News | NamasteyNFT All Set to Host Mega Summit on 14th and 15th May in Bengaluru, Visit for an Immersive Metaverse Experience. ....

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WazirX to launch decentralised exchange next month


WazirX to launch decentralised exchange next month
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ETtech
WazirX cofounder Nischal Shetty
India’s largest cryptocurrency exchange by volume, WazirX, is on an advanced stage to launch a decentralised exchange of its own, cofounder Nischal Shetty said.
Unlike a centralised setup, where an exchange is the custodian of a customer’s cryptocurrency and controls who can or cannot open an account on it, a decentralised exchange operates without an intermediary organisation for clearing transactions. The trades are executed on self-executing smart contracts.
It is like building software where peer-to-peer crypto trades can be facilitated, Shetty told ET.
The decentralised exchange is currently undergoing tests and will be launched next month. ....

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Fear, uncertainty and doubt reign in Indian cryptoverse


Fear, uncertainty and doubt reign in Indian cryptoverse
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ETtech
The Indian crypto universe is in a FUD.
Fear, Uncertainty and Doubt (FUD) took over Indian investors in crypto assets on Wednesday as Bitcoin, the world’s most valuable and best-known crypto token, posted its biggest single-day fall in nearly a year.
After Tesla Inc’s founder Elon Musk said last Thursday that the electric vehicles maker would longer accept Bitcoins, the token fell from a peak of $57,000 last week to about $32,000 at one point on Wednesday before clawing back to around $39,000. China’s move to ban its financial institutions and payment companies from providing crypto transaction services also had a detrimental effect. ....

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