City Mumbai Financial News

computer science at IIT-Bombay just went up a notch higher to touch perfect 10-all the top 10 all-India rankers in JEE are joining the Powai campus. Thirty-seven others in the top 50 followed suit and decided to pick the Powai college over other IITs at the close of first round admissions of 2023-24. And when one looks at the top 100, 89 students opted for IIT-Bombay as their first choice, with everyone asking for computer science.

Deepak Parekh once edified. “You can be a top dog one day and nothing the next. Ultimate success is an illusion, but contentment and honesty of intention are real.” Yet, nearly 30 years since taking the top post at HDFC, Parekh has remained the top dog.

Mumbai: Indian crypto investors, who suffered significant losses throughout 2022, are now experiencing some relief thanks to the price appreciation of major cryptocurrencies in the first quarter of 2023. Bitcoin's year-to-date gains in the January-April 4 period were 68.56%,at 5pm on Tuesday on Coinmarketcap. After commencing the year at around $16,000, it is currently trading at $28,280, marking its best quarterly performance in two years. Ethereum, the second-largest token, rose 49.55 % to $1,861.93. Experts said that cryptocurrencies gained momentum on the back of anticipated monetary policy relaxation and banking disruptions that showcased the tokens' utility. According to CoinMarketCap.com, the collective market worth of all cryptocurrencies surged by 49% in the first quarter to reach $1.18 trillion.

Tezos [XTZ] registered a massive boost in its social engagement on 2 April 2023 as the metric exceeded the 26 million mark. The primary reason fueling this surge can be Tezos’ latest Mumbai Protocol upgrade, which got activated a few days ago. 

Wakweli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens (NFT) has officially collaborated with Polygon, a blockchain platform that enables blockchain networks to connect and scale to make NFT authentication possible.

Tezos [XTZ] posted its latest edition of The Baking Sheet, mentioning major developments in the ecosystem. The highlight of the report was the updates related to the Mumbai protocol.

A series of events erupted in the official Shiba Inu (SHIB) Discord on Mar. 17, when a top-ranked community member, Steve, alleged identical chain IDs between that of the Shibarium layer-2 beta testnet ID and the Rinia testnet ID, an existing blockchain.

The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution. 

Chainlink [LINK] , the decentralized oracle network announced the launch of a new platform called the “Chainlink Functions.” According to the project, this new side of its chain would enable developers to connect smart contracts with existing APIs via its network. 

Index provider MSCI said that it will delay implementing weighting changes for some Adani Group companies until later this year, according to a Thursday announcement.

With their latest move, emerging economies such as Brazil and India are getting closer to crypto. While Brazil legalized cryptocurrency as a payment method, India is launching the retail version of its digital currency on a test basis.

Economic Affairs Secretary Ajay Seth said on February 4 that regulations around crypto assets would be brought in this year.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead to a plunge in exports.

Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead to a plunge in exports.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Following continuous warnings by the Reserve Bank of India (RBI) on risks associated with cryptocurrencies, industry experts are expecting that the government will introduce additional measures in the Union Budget.

Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market.

The music industry is notoriously centralized, with major record labels often controlling nearly every facet of an artist’s career — from which songs they are allowed to release to what percentage of the royalties they keep and more.

The multilevel marketing model based on referral fees is highly risky.

Terrorist groups who have been excluded from the “formal financial system” have turned to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering Financing of Terrorism Coordinator at the United Nations (UN).