Cryptocurrency (Representative image)
Cryptocurrency prices continue to be mostly in green on November 3. The global cryptocurrency market cap is Rs 203.81 lakh crores, a 3.36 percent increase over the last day, while the total crypto market volume over the last 24 hours is Rs 14,95,753 crores, which makes a 50.53 percent increase.
Bitcoin’s price is currently Rs 49,44,022 and its dominance is currently 43.43 percent, a decrease of 0.27 percent over the day.
Coinbase, one of the world’s largest cryptocurrency exchanges, has announced its first startup acquisition in India.
The firm is acquiring Agara, an AI-powered support platform with operations in India and the United States, for an undisclosed amount. The acquisition is expected to close later this year.
Coinbase said this deal would bring Agara’s deep expertise in machine learning and natural language processing to the company’s engineering team.
“We plan to leverage Agara’s powerful Deep Learning and Conversational AI technology to automate and enhance our customer experience (CX) tools. Improving our CX remains a top priority for Coinbase — in the past few months we have increased our support staff headcount by 5x and announced that we’ll deliver 24/7 phone support and live messaging by end of year. Through this acquisition, we’ll be able to provide our customers with new personalized, intelligent, and real-time support options” said Manish Gupta, EVP – Engineering at Coinbase, in a blogpost.
Earlier in 2021, Coinbase announced its strategy to build out a tech hub in the country and had hired former Google Pay executive Pankaj Gupta to head its India development centre.
Meanwhile, Commonwealth Bank of Australia will become the country’s first to offer retail clients crypto services, Australia’s largest bank said on Wednesday, marking a change from the sector that had refused to do business with cryptocurrency providers.
Starting with a pilot this year, Commonwealth Bank will partner with Gemini Trust Company LLC, a New York-based crypto exchange, to offer trading in 10 cryptocurrencies through its banking app, which is used by about 6.4 million customers.
As off 7.50 am on November 3, these are the prices of largest cryptocurrencies (data from WazirX):