Tech

Jetking, a Mumbai-based IT training firm, plans to expand its Bitcoin holdings in the coming months. Company CFO Siddharth Bharwani said Thursday Jetking would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. The development comes around three months after Jetking became the first publicly listed firm in India to adopt a pro-Bitcoin treasury policy in December 2024. The company aims to use Bitcoin’s high price value to elevate its financial value in the long term.

Bharwani, in a post on X, said the company board had approved a “Strategic Fund Raise” plan, proceeds from which would primarily be used to acquire Bitcoin tokens. As part of the plan, each of the 4,28,622 equity shares that Jetking will offer, will be priced Rs. 154 (Rs. 10 face value and Rs. 144 premium).

While the plan’s main objective is Bitcoin investment, some portion of the collection will also be utilised to initiate Bitcoin-related educational, training, and skill development programmes in India.

Many from India’s Web3 space lauded the company for taking a chance on Bitcoin, which is often seen as a risky asset due to volatility in the crypto market. CoinDCX co-founder Sumit Gupta commented on the development saying, “hopefully such initiatives inspire more Indian companies to learn about and explore Bitcoin and crypto.”

The company will start the process after obtaining shareholder and regulatory approvals.

Jetking’s History With Bitcoin

In December 2024, Jetking leadership announced that it had added Bitcoin tokens worth 10 crore (around $1.2 million) to its balance sheets. The firm went ahead and finalised the decision despite India’s lack of crypto clarity and the 30 percent tax rule.

Bitcoin is the oldest and the most expensive cryptocurrency in existence. Presently, it is trading at $83,577 (roughly Rs. 71.5 lakh). At its highest, Bitcoin price has exceeded the mark of $108,000 (roughly Rs. 92 lakh).

In recent months, Bitcoin accumulation has managed to attract the attention of several prominent personalities. Last month, US President Donald Trump established a strategic BTC reserve in the US for long-term holding.

In February, Jetking got a shoutout from American Bitcoin investor Michael Saylor, whose company MicroStrategy currently holds 5,28,185 Bitcoin tokens, as per data on on-chain analytics firm, Bitbo.

As per its official website, Jetking was founded in 1947 as an electronics firm. It shifted to IT training in 1990. It runs 100 IT training centres across India, training 35,000 students annually in blockchain, cybersecurity, and related fields. In the coming time, the company also aims to explore international collaboration on blockchain-related research and application work.

The US is looking to regulate its stablecoin market with comprehensive guidelines. This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The committee’s Digital Assets Subcommittee reportedly worked with Tether to draft these regulations, media reports claim. Tether is the issuer of the world’s largest stablecoin – USDT, that commands a market cap of over $144 billion (roughly Rs. 12,31,739 crore).

The bill, which now awaits final approval, is dubbed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025. It aims to give issue guidance around stablecoin payments, regulate stablecoin issuers, and establish reserve auditing mandates for stablecoin firms.

The bill passed with a 32-17 vote on April 2, the Committee announced on X. Bryan Steil, the chief of the Digital Assets Subcommittee said that the STABLE Act is a foundational step towards securing the future of financial payments and solidifying the dollar’s dominance as a world reserve currency.

Key Details About STABLE

The first draft of the bill was introduced in February this year.

Among proposed guidelines, the bill will prohibit crypto firms from creating stablecoins backed by self-issued assets. Only insured depository institutions or qualified nonbanks will be allowed to legally issue stablecoins backed by the US dollar, Treasury bills, insured deposits, or central bank reserves.

The US, through these guidelines, would direct all stablecoin issuers to maintain reserves on at least a 1:1 basis, ensure timely redemption procedures, disclose reserve composition monthly, and comply with Federal and State-level regulatory frameworks.

“Stablecoins, digital currencies pegged to stable assets like the US dollar, are already giving rise to innovation across industries. They allow American manufacturers to export products abroad easily and receive payments backed by the US dollar. Allow contractors at home to send payments faster and cheaper. Encourage entrepreneurs and other nations to conduct business with the US dollar. We must ensure that as we embrace these advancements, we also establish the necessary safeguards to protect consumers, maintain trust, and ensure the integrity of our financial systems,” Steil said, commenting on the Bill.

US lawmakers are reportedly aiming to finalise stablecoin regulations by August 2025.

US’ Tryst with Crypto

Billionaire Donald Trump’s election as the 47th President of the US brought crypto under a positive light following years of scrutiny. During his campaign, Trump said he plans to make US the crypto capital of the planet.

In the recent months following Trump’s return to the White House, he signed multiple executive orders favouring the crypto sector.

He established a Crypto Task Force under the SEC to expediate work on the designing of crypto laws as well as created a strategic Bitcoin reserve and crypto stockpile. He also hosted the first Crypto Summit at the White House – bringing crypto leaders and US lawmakers under one roof to open discussions on US’ pro-crypto roadmap.

Samsung could be working on a foldable phone equipped with four foldable panels, according to a patent application. The document reveals a design for a device with three hinges that connect four folding panels that extend to form a single, elongated display. When folded, the four panels form a considerably thick bar The South Korean technology conglomerate has yet to unveil a tri-fold smartphone to compete with the Huawei Mate XT Ultimate Design that was launched in select markets.

Samsung Patent Application Shows Device Could Feature Three Hinges

A patent application on the WIPO website (via SamMobile) indicates that Samsung is working on a foldable device with four foldable panels. These components are shown to be connected via three hinges. When unfolded, the smartphone appears to form a much larger display. The second and third panel are joined by a more complex hinge that allows the furthermost panels to fold inward.

Samsung’s foldable phone seen in folded and unfolded configurations (Tap to expand)
Photo Credit: WIPO/ Samsung

The document, which is titled ‘Electronic device including bendable display’, incudes drawings of the most advanced foldable design from Samsung we’ve seen so far. The company has shown off several prototypes of foldable phones with three folding panels, and even a “rollable” display, but the device described in this document could unfold to form a much larger panel, offering more screen real estate.

While the two inner panels appear to fold toward together in Fig. 5b, the next drawing (Fig. 5c) shows the outermost panels fold on top of the inner ones using two hinges (535 and 515). Once the device is in this partially folded state, a user can fold it once again, along the middle hinge (525).

As a result, we see a considerably thick but compact foldable phone in Fig 5d, which can be fully unfolded to form the handset seen in Fig 5a. We can also see another view of the device when it is fully folded in Fig 5e.

More drawings of the foldable seen in the patent document (tap to expand)
Photo Credit: WIPO/ Samsung

Earlier this week, another Samsung patent application revealed the company could be working on a foldable device that can be folded both inwards and outwards — the company previously showed off a prototype of the handset in 2023. The company has also been spotted working on a tri-fold phone with two hinges and S Pen support.

It is unclear whether Samsung plans to turn the foldable device with four panels described in the patent application into a commercial device. The company typically showcases some of its latest display prototypes that aren’t ready to be launched as consumer devices, and we might see a preview of the purported foldable device in the future.

Honor has been quiet when it comes to launches in the Indian market. However, in China, there have been plenty of launches. The Chinese brand is now looking to make its mark with a smartphone that packs a massive battery. The company has teased this device in previous posts on Chinese microblogging platform Weibo, but we are now starting to see more details about this upcoming smartphone’s hardware and market placement. Indeed, it still remains unclear whether this device will make it to India.

Tipster Digital Chat Station has put up a post stating that the Honor phone with a massive battery is not an April Fool’s Day joke, but a real device with a model number. The tipster added that the phone has been tagged as the DVD-AN00 on the MIIT database. The handset also seems to have received a 3C certification.

Coming to the battery, the tipster expects this mid-range phone to be powered by a large one with long battery life. A previous report by Huawei Central pointed out that this phone could be powered by an 8,000mAh battery. The same report also mentions that this mid-range device will have a very loud set of speakers. The phone is expected to be powered by a Qualcomm Snapdragon 7 Gen series chipset, which does hint at a global release.

Charging large batteries quickly and efficiently has always been a problem. Digital Chat Station also mentions that this large battery will support 80W charging, which is good to have given that this is expected to be a very high-capacity battery. Hopefully, given the latest carbon silicon technology, this won’t be a large and bulky phone as we have seen with most ‘big battery’ smartphones in the past.

Realme is no stranger to large batteries either and also seems to be working (in Hindi) on a device with a large 8,000mAh battery. It too is expected to support 80W charging. However, Realme has yet to decide on the final battery capacity, which will also increase or decrease the phone’s charging speed.

Anthropic introduced a new subscription tier dubbed Claude for Education on Wednesday. The artificial intelligence (AI) firm said that the plan will include a specialised version of its chatbot aimed at higher education institutions. With this tier, universities can also opt for full campus access that will let students, faculty, and administrative staff use the AI chatbot for their role-specific functions. Students will also get to use a special Learning Mode feature that, instead of providing answers directly, helps them work their way towards the solution.

Claude for Education Tier Comes With New Features

In a newsroom post, the San Francisco-based tech giant detailed its new tier. Unlike the company’s consumer-focused plans, Claude for Education does not have a fixed subscription price. Just like its enterprise offering, educational institutions can reach out to Anthropic’s Education team to get a quote based on the campus size and their needs.

One of the main highlights of the subscription tier is a new Learning Mode feature. Accessible within Projects, the new mode is designed to help students develop a deeper understanding of topics and reasoning processes. When a student asks the chatbot an academic question, it takes a guiding role to help the student reach the solution on their own.

The mode also focuses on the Socratic line of questioning to help users provide evidence to support their conclusion. Anthropic states that the Learning Mode will enable students to develop their core concepts and provide structured formats for research papers, study guides, and more.

Anthropic says faculty can also use Claude to provide students with individualised feedback on essays, create visual assets for learning plans, and generate questions of varying difficulty levels. Similarly, it claims that administrative staff can use the AI chatbot to automate repetitive email responses to common inquiries, analyse enrollment trends, and make processes more efficient.

Additionally, Anthropic has also partnered with Internet2, a non-profit organisation that provides secure and cloud solutions, and educational technology company Infrastructure, which has built the educational platform Canvas. The company is working to integrate its AI chatbot into the platform.

The AI firm has already struck full campus access plans with Northeastern University, the London School of Economics and Political Science, and Champlain College. The Northestern University is also working with Anthropic to “build best practices for AI integration in higher education, new AI-powered education tools, and frameworks for responsible AI adoption in educational settings.”

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