Binance to Hire Indian Engineers and Breed Web 3.0 Startups

Binance to Hire Indian Engineers and Breed Web 3.0 Startups

Crypto Update for the Week: Binance, UK, US Frame Rules for Hiring Indian Engineers

Binance, the world’s largest cryptocurrency exchange, is looking to hire Indians and incubate Indian Web 3.0 startups.

The company is looking to induct startups in the fifth round of its incubation programme. The crypto-company focuses on blockchain startups and actively monitors India’s Web 3.0 and blockchain markets.

One of the projects Binance previously supported was the eco-friendly blockchain Polygon, developed by co-founders Jayanti Kanani, Sandeep Nelwal and Anurag Arjun.

“We remain focused on the fundamentals and for the long term, select projects that will directly impact the blockchain industry. Web3 startups in India have great potential to grow,” Ken Lee, investment director at Binance Labs, said in an interview.

A round up of crypto updated for the week:

New Crypto Regulations from the UK and US

The UK’s financial regulator, the Financial Conduct Authority (FCA), has said that it will work in partnership with the Securities Exchange Commission (SEC) to introduce tougher crypto regulations in the US.

With many bleeding-edge innovations in the crypto and d-fi space still no legal clarity, the collaboration between the two regulators is expected to clear the confusion that pervades the space and, thus, reduce risk for investors. does.

“The US and UK will deepen ties on crypto asset regulation and market developments – including the exploration of stablecoins and central bank digital currencies,” FCA chief executive Nikhil Rathi, reported, said.

Rathi’s statements come two weeks after participants from the two countries met at the US-UK Financial Innovation Partnership (FIP) in London for the third regulatory pillar meeting. The participants gathered there discussed matters related to the crypto and digital asset ecosystem.

crypto prices

The price of bitcoin is once again on an upward trend. The price of the largest cryptocurrency is up 10.05 percent to reach $22,249.60 (at the time of writing) in the last day of trading.

The price of the token is up 17.42 percent after falling below $19,000 in early July.

Ethereum, the world’s second largest token, was also up 5.92 percent from the previous close. Ethereum is now sitting at $1,453.32 (at the time of writing), compared to the start of the month when it broke below the $900 support point.

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