2022 was a tough year for the majority of education technology (EdTech) in India, with the “Tracxn Geo Annual Report: India Tech 2022” reporting a 39 per cent decrease in funding during the January-November period compared to 2021. To overcome this, many businesses, including industry-leading players like BYJU’S, Unacademy and Vedantu, had to resort to job cuts.
It’s no wonder why Jumpstart Media named “metaverse” one of the top emerging trends and technologies to look forward to in 2023. With an expected compound annual growth rate (CAGR) of 39.4% from 2022 to 2030, Grand View Research forecasts that the global metaverse market is set to expand exponentially. From fashion shows, gaming, luxury products, sports and travel to art, many industries are tapping into the metaverse’s potential.
COVID-19 has taken a toll on public health globally since 2019, and pharmaceutical companies have been competing to offer new medical products to the public. Simultaneously, the pandemic has brought a global surge in black-market vaccines, posing an extreme threat to public health.
The past few years have seen digital or virtual currencies come to the fore, thanks to the rise of cryptocurrency. Basically, digital currency is money that only exists virtually. Arguably the most popular, crypto is not the only digital currency in circulation today. There’s also central bank digital currency (CBDC), i.e. currency launched by central banks of countries, and stablecoins. As per a survey by the International Monetary Fund (IMF), over 100 countries out of its 159 members are exploring CBDCs in the near future.
Cryptocurrency can be a difficult concept to understand. Is it something fluffy out on the internet or is it an actual currency? The difference between cash currency and cryptocurrency is how the latter uses virtual coins or tokens. And the idea of cryptocurrency is that you can trade with other people who own crypto without depending on a bank. Let’s look at how to use cryptocurrency.
After a turbulent year of market crashes and bankruptcy filings from firms like FTX and BlockFi, things have not been looking great for the crypto market. Many cryptocurrencies crashed hard in the past year. For instance, on December 31, 2021, Bitcoin was worth US$46,224.39, but as of December 20, 2022, it was only trading at US$16,794.
Everyone wants to be in the metaverse these days. From Gucci to H&M, nearly all big companies are trying to make themselves known in the virtual world. Through the metaverse, brands get an opportunity to give their customers a more immersive shopping experience— shopping from the comfort of their homes but still browsing the aisles and looking at a brand’s latest collection.
At the fundamental level, a smart contract is a set of digital codes used to trade assets without intermediaries. Say you want to create a smart contract. In this case, you or the other party involved would have to digitally code the smart contract and its parameters, with both of you agreeing to the smart contract rules.
Three celebrities, including American media personality Kim Kardashian, boxer Floyd Mayweather and former basketball player Paul Pierce, were recently sued by an investor over their promotion of the altcoin EthereumMax (EMAX). What exactly happened?
Whether it is by making their non-fungible tokens (NFTs) or by creating their cities, celebrities are taking up different ways of growing their ever-expanding network of enterprises. This is exactly why it came as no surprise when reality TV star turned businesswoman Kim Kardashian launched her venture capital firm earlier this month. Called SKKY Partners, Kim’s firm is the latest on the long list of celebrities to make enter the venture capital (VC) industry. Curious to know who the other top VC celebrities are? Here is a rundown of some of the biggest celebrities and their various investment ventures.
As we have discussed in previous articles, crypto mining can be a lucrative business if you go about it the right way. When it comes to Bitcoin, miners receive 6.25 Bitcoins as a reward for every block mined (as of writing this article). As per the exchange rate at the time of writing, a single Bitcoin is worth US$17,330 which means that a miner would typically make US$108,312 per each block they mine.
The state of cryptocurrency this year has been one for the comic books, where the protagonist—in the face of a crisis—says, “But it can’t get any worse than this, right?”, and it does. It just wasn’t crypto’s year. From rising interest rates to mistakes made by cryptocurrencies like Terra Luna and CEOs like Sam Bankman-Fried of the crypto exchange FTX, a host of factors stunted the digital currency’s growth. It also led to investors losing money and becoming skeptical about its future.
Climate change is one of the most pressing issues of our time. From a number of heavy downpours and hotter-than-ever heatwaves to droughts, things have escalated at an unprecedented rate. Temperatures are expected to rise by more than 1.5 degrees Celsius over the next two decades, bringing forth more natural disasters and extreme weather.
In November this year, two big league crypto businesses, FTX and BlockFi, filed for bankruptcy. FTX had a death spiral after news broke out that the Sam Bankman-Fried-owned exchange had used customer funds to make risky bets through his hedge fund Alameda Research. On the other hand, FTX was closely associated with BlockFi, with them having signed a loan agreement with each other and BlockFi holding US$355 million in digital assets on FTX.
In 2019, Google used its quantum computer, the Sycamore machine, to prove that quantum computers can solve a problem in mere minutes. Experts working on the quantum computer found that their system could execute a calculation in 200 seconds, whereas a standard computer would take 10,000 years to complete. What on earth is this powerful tool?