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 ndustry review, Market news, and BendDAO crisis Hey-hey readers, if you’re looking to keep up with the latest Web 3 news, this is the article for you. Keep reading to learn more about the industry’s current state, the latest market news, an in-depth analysis of the BendDAO liquidity crisis, and how their team got themselves out of it. Industry review Cryptocurrency Good news for everyone involved! If we look at the overall market data, we can see that capitalization has hit US$1.041 trillion, 7D changes are at -6.57%, and the daily volume of trades is $US63.76 billion. The bitcoin market value ratio has risen by 39.6%, while Ethereum has only risen by 19.8%.  Rank Name 7d 1 Cult DAO -0.09% 2 Terra Classic 37.65% 3 Ethereum -7.24% 4 Shiba Inu 5.12% 5 Bitcoin -5.40% 6 Bitgert 32.05% 7 Cardano -5.32% 8 Santos FC Fan Token -27.10% 9 Baby Doge Coin -2.64% 10 Polyge -1.44% Table 1. Last week’s top currencies Source: CoinMarketCap The glob...

 The name on everyone’s lips – Rishi Sunak After winning the contest to lead the Conservative Party, Rishi Sunak is poised to take office as Britain’s next prime minister. He now has the responsibility of guiding a very divided nation through an economic crisis that will make millions of people impoverished.  Britain’s first leader of colour will be Rishi Sunak, one of the wealthiest MPs in Westminster. King Charles will formally ask him to form a government, succeeding outgoing Prime Minister Liz Truss, who held the post for just 44 days before resigning. A little about the next Indian-origin Prime Minister of the UK, read along! Who is Rishi Sunak?  In Southampton, Hampshire, South East England, on May 12, 1980, Rishi Sunak was born to Indian parents Yashvir and Usha Sunak, who had been born in Kenya and Tanzania, respectively. His mother was a pharmacist who oversaw a neighbourhood drugstore, while his father was a general practitioner. He graduated from Stanford Unive...

  Space activity is only expected to develop and become more focused on national security as a result of the fusion of space technology, the quick militarization and securitization of space, and the growing mistrust among governments in the area.  Massive investment in military space capability France, which is presently leading the European Council, has also invested several billion euros on military space capability and frequently highlights the significance of space for other EU nations’ security.  Increasing Defense space commands In early 2022, Australia established the Defense Space Command to expand its strategic potential in space, while in June 2022, South Korea launched a spy satellite to better monitor North Korea, providing its military space strategy a major boost. The regulations needed for sustainable space  Putting the peaceful use of space first  In 2010, the Committee on the Peaceful Uses of Outer Space (COPUOS), which comprises 95 UN member st...

 How will e-commerce evolve in the 5G era? The digital world is changing too fast. A few years back, before the Covid pandemic, we started using 4G with Reliance Jio and other service providers. Now, things moved to the next level. By incorporating and engulfing digital technology into our lives, 5G will influence the whole landscape of retail. Multiple new use cases and expansions will be made possible. When Prime Minister Narendra Modi publicly introduced 5G services for India at the just-finished India Mobile Congress, India made history in the digital sphere. The revolutionary qualities of 5G and how they will affect every part of our lives have been extensively discussed. To reiterate, 5G will make digital technology a part of every aspect of our lives. Alongside this, e-commerce in India has exploded in popularity. Today, all firms, including those who sell traditionally offline, are adopting eCommerce and finding development in it. It used to be an auxiliary channel for sale...

 India paves the way for the world in Artificial Intelligence A NASSCOM analysis projects that AI would increase India’s GDP by 450–500 billion dollars by 2025, or 10% of the goal GDP of USD 5 trillion. The adoption of AI has been pioneered by highly digitised sectors like IT, financial services, telecommunications and media, and retail. Depending on the sector, AI adoption varies in terms of pace and scope. Early adoption can help businesses in industries with limited adoption of AI, such as healthcare and pharmaceuticals, energy and natural resources, and manufacturing, create economic moats. India has had the largest increase in the usage of artificial intelligence (AI) during the Covid-19 era, according to a global report by PwC India. The report also revealed that 94% of the more than 200 Indian chief executives polled stated they have already implemented AI in their businesses or plan to do so.  According to the survey, India had the most increase in the use of AI when c...

 The RBI has published a concept note on central bank digital currency and will shortly begin testing the Digital Rupee A concept note on Central Bank Digital Currency (CBDC) was also released by the Reserve Bank of India on Friday. Its goal is to raise awareness of such currencies in general and the planned features of the Digital Rupee in particular. The Reserve Bank of India announced on Friday that it will soon begin a pilot launch of the e-rupee for specific use cases. This announcement was made just a few days after the launch of 5G in India by PM Narendra Modi.  The RBI stated in a statement that it will periodically communicate about the unique characteristics and advantages of the digital rupee as the size and scope of such pilot launches grow. Simultaneously, web 3.0 initiatives are anticipated to boost the digital economy of India.  “In addition to the existing payment options, there will be an e-rupee. It is essentially identical to banknotes, but because it i...

 Web 3.0: All you need to know The third version of the internet, known as Web 3.0, is built on Blockchain Technology. A smart, independent, linked, and open internet is what Web 3.0 aims to build. One significant trend that is anticipated as we approach Web 3.0 is decentralisation. In essence, it is a theory that distributes power from a single individual or group to the entire population.  One of the first countries to support Web 3.0 technology was India. India now has more than 230 Web 3.0 start-ups, according to the Cryptotech Industry in India 2021 research by NASSCOM and WazirX. Web 3.0’s progress in internet technology increases the likelihood that technology may be weaponised, cyber threats will increase in frequency, and problems with national security may occur. It is crucial to carefully assess Web 3.0’s future viability. But first, let us know a little about the different versions of the web that exists:  Web 1.0 It is regarded as the beginning of the web’s d...

 NFTs, or non-fungible tokens, have already revolutionized the market, drawing many multinational brands to try their hands at tokenization of their products and services as virtual assets in the age of the digital era, where the task of marketing virtual and intangible products and services is keeping marketers on their toes. A popular term in 2021, NFTs have been purchased by numerous corporations, from renowned performance clothing manufacturer Nike to global beverage giant Coca-Cola, as well as by famous musicians like Marshal Mathers, better known as Eminem, who see the potential that this cutting-edge innovation is bringing. So what exactly are NFTs, and why are businesses interested in using them to better market themselves? Non-Fungible Tokens, or NFTs, are distinct cryptographic tokens that exist on a blockchain network and cannot be copied. Tokenization of physical assets allows companies to manufacture, sell, or exchange them in a safe and efficient setting and removes t...

 The dApp store will have no fees; the team’s goal is to eventually allow Solana’s community to participate in the governance of its content. The Solana blockchain is one of the largest in the crypto world. It is famous for having a high level of throughput at 65,000 transactions per second and very low fees. However, it has been criticized for its high level of centralization and numerous outages. Features of Solana Saga Phone The Saga phone features a 6.67 inch screen, 512 GB of storage, and 12GB of RAM. Users can pre-order the phone on the site for 100 USDC–while it’s not available before Q1 2023, it’s available now on the site. Saga, the phone created by OSOM and is currently on the market as the OV1, has recently been repurposed to meet Solana demands. The Saga is equipped with a OLED display and a Qualcomm Snapdragon 8 Plus Gen 1 chip as the processor. The Saga also comes with a 50 MP front camera that includes an ultra-wide 12 MP shooter. Read More:- Solana launching first e...

 The new discussions, expectations and patterns that brands and marketers should turn to : Social media can be a great place to learn more about money management, investing, and even find a financial expert. It’s not just for posting selfies and interacting with pals. In the past, there was a cautious relationship between FinTech companies and well-known social networking platforms because of issues with data flow and privacy. Fin-tech businesses in particular are looking for novel ways to safely incorporate social media into their strategy even if that hazard still exists to some extent. Online discussions about fin-tech have exploded in recent years, and people are now using it for lending, financial services, personal finance, equity financing, etc. India’s Financial Landscape  It is clear that major changes are taking place in India’s financial landscape, thus it is not surprising that people are congregating to talk about, discover, and go further into the complexities of...

 These secondary jobs are often taken up without the knowledge of the employers. Usually, weekend or evening work is obtained on the side. IT companies are concerned that “moonlighting” could reduce productivity, cause conflicts of interest, and maybe result in data breaches. From a legal standpoint, according to the Factories Act, dual employment is not permitted in India. However, IT companies are excluded from that law in several states. Before taking on numerous jobs, people should thoroughly review their employment contracts. Why is ‘moonlighting’ out in the light? The work-from-home (WFH) concept is credited with popularising moonlighting among white-collar workers in India. It has also raised questions about corporate compliance. However, a few businesses, like Swiggy, are authoritatively allowing their employees to moonlight under certain circumstances. Many organizations would rather not allow their employees to take on additional jobs. Recently, Swiggy established its “mo...

 Apple is making a significant wager on the production prowess of India, the world’s second-largest smartphone market behind China, with the production of its newest device, the iPhone 14. Based in Cupertino, California With the release of the iPhone SE in 2017, Apple began producing iPhones in India. Apple currently produces some of its most technologically advanced iPhones here, including the iPhone SE, iPhone 12, iPhone 13, and the new iPhone 14. The iPhone 14 models, which Apple Inc. revealed earlier this month, feature an upgraded camera, potent sensors, and a satellite communication feature to deliver SOS texts in an emergency. The iPhone 14, Plus, Pro, and ProMax are the four new variants in the range. The Made in India iPhone 14 will reportedly start shipping to local customers in the coming few days. India will produce phones for both the domestic market and export. The Foxconn plant in Sriperumbudur, which is outside of Chennai, will handle the shipment of the iPhone 14. ...