Update Python version requirement and bump pyjq to 2.6.0

[amaan-igs]

This pull request includes updates to the README.md file to reflect the use of Python 3.10 for setting up the virtual environment instead of Python 3.7.

Key changes:

• Updated the Python version requirement from 3.7.0rc1 to 3.10 in the installation requirements section.
• Changed the command to create a virtual environment to use Python 3.10 in the macOS setup instructions.
• Updated the command to create a virtual environment to use Python 3.10 in the Ubuntu setup instructions.…d requirements

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