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Polygon introduces new Improvement proposals new token POL to replace existing MATIC

Polygon, the Ethereum scaling approach, published three enhancement offers that are anticipated to be approved by users in the fourth quarter. The upd

Polygon, the Ethereum scaling approach, published three enhancement offers that are anticipated to be approved by users in the fourth quarter. The update seeks to build a network of interconnected Layer 2 chains using noknowledge theorems. The recommendations, which are presently open for user feedback, have the ability to change the design of the platform as well as its native coin. PIP 17, the first proposal focuses mainly on enabling a smooth upgrading experience for both developers and end users. PIP18 is the introduction of a new token, POL is set to replace the existing gas token, MATIC. The last improvement PIP18, describes the procedure of migrating from MATIC to POL while guaranteeing maximum backward compatibility for current smart contracts on the Polygon PoS chain. Read More..

B2B Tech News | 13 days ago      

Petroleum and Diesel prices to skyrocket in Pakistan due to spike in global petroleum products

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas R

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas Regulatory Authority Ogra is anticipated to publish new rates for petrol, diesel and other petroleum products based on average worldwide crude oil prices and currency rate variations. According to estimates from the industry, the cost of petroleum may rise by Rs 16 per liter in the following fortnights review of petroleum prices, while the price of highspeed diesel HSD is anticipated to rise by R 13.66 per liter. Kerosene along with light diesel oil LDO rates are predicted to rise by Rs 10.02 and Rs4.45 per liter, respectively. The increase in the exdepot price is mostly due to the devaluation of the rupee as well as an increase in the worldwide cost of petroleum products. Read More..

B2B Tech News | 13 days ago      

Amazon to provide cloud computing support to ISRO

Amazon recently signed a MOU with INSPACe and ISRO and is now going to provide technological support in the form of cloud computing. The current agree

Amazon recently signed a MOU with INSPACe and ISRO and is now going to provide technological support in the form of cloud computing. The current agreement intends to create a large talent pool in India with experience in cloud and space. The IT service management company is committed to assisting entrepreneurs in identifying cases and expediting solution development. Cloud computing will additionally permit speedier handling of enormous numbers of raw space data, but it will also execute AI, machine learning, and analytics workloads to provide economical results. These businesses will additionally use AWS training programmes to teach students and educators in cloud computing, AI, ML, analytics, and cybersecurity as part of this project. Read More..

B2B Tech News | 13 days ago      

B2B supply chain receives $500k funding from investors in USA and India

India Index is a cloudbased B2B supplier platform that assists American consumers and Indian manufacturers in finding, filtering, and vetting partners

India Index is a cloudbased B2B supplier platform that assists American consumers and Indian manufacturers in finding, filtering, and vetting partners in the supply chain in a simple and affordable manner. The India Index is dedicated to boosting the visibility, connection, and economic engagement between American buyers and Indian suppliers. With the new financing, India Index intends to foster confidence and transparency among its Indian producers while also connecting them to its worldwide clients. India Index LLC, a B2B manufacturing platform, has secured $500K in preseries seed funding led by a group of private investors from the United States and India, including JSW Group, Motherson Group, and Westminster Capital. Read More..

B2B Tech News | 13 days ago      

Vodafone loses 4% shares amidst rumours of getting acquired.

According to media sources, the corporation is in negotiations with USbased telecom giants about a possible purchase, and Verizon, Amazon, and Starlin

According to media sources, the corporation is in negotiations with USbased telecom giants about a possible purchase, and Verizon, Amazon, and Starlink are among those interested. For the past six months, the share price of Vodafone Idea has been rising. The telecom stock has climbed from roughly 6.35 to 12.50 per share in this time, representing an 85 percent increase. However, the 4% drop in the company’s shares broke the record of the uptrend of the percentage. During its results call, Vodafone Ideas management also noted that the companys funding talks had recently picked up pace. Since being circulated, the company has put the rumours to rest by clarifying that they are not in any such discussions with Amazon, Starlink or Verizon. Read More..

B2B Tech News | 13 days ago      

‘Developed nations should take financial responsibility of energy transition’ Silveira

Brazil is encouraging wealthy nations to contribute to the global transition to sustainable energy, stating that these countries must make larger pled

Brazil is encouraging wealthy nations to contribute to the global transition to sustainable energy, stating that these countries must make larger pledges to compensate for their reliance on polluting energy sources. ‘Since they get their power from far fewer clean sources than nations in the Global South, developed nations should confront bigger challenges.’, said Alexandre Silveira. The government of Brazil has been a prominent advocate for rich countries to follow through on its climate funding promises, which fall short of the billions of dollars required to prevent global temperatures from increasing. Developing nations of the Southern Hemisphere will provide clean energy to the industrialised world, utilising these countries positions in global commerce. Read More..

B2B Tech News | 13 days ago      

Russia and Saudi Arabia cut down on oil supply global prices might spike

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Sau

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Saudi Arabian production cutbacks and soaring Chinese demand. The 30% increase since June is the result of increased demand in China and output curbs by Russia and Saudi Arabia. Last week, the International Energy Agency IEA had predicted that the continual production cuts undertaken by these two the Organisation of Petroleum Export leaders would result in a "significant supply shortfall," posing a serious danger to continued price swings. Read More..

B2B Tech News | 13 days ago      

Hacked again Mark Cuban loses around $900K in crypto

The news of Cuban’s hacking first came to the public view on September 15 when block chain investigator ‘Wazz’ posted on X formerly twitter how

The news of Cuban’s hacking first came to the public view on September 15 when block chain investigator ‘Wazz’ posted on X formerly twitter how Cuban’s wallet had been inactive for nearly 160 days and all of his assets seem to have been moved. Responding to the public post, Cuban confirmed the news of his account being hacked and his assets being drained. The billionaire admitted to losing 5 Ethereum tokens, USD coins, Polygon MATIC, Lido staked Ethereum and tokens from SuperRare and Ethereum Name Service. Cuban claims he has no idea how the hacker gained access for the hacking and believes he must have downloaded some malicious malware instead of MetaMask. Read More..

B2B Tech News | 13 days ago