India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI. Go to Source
Cryptocurrencies
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AI token trading volume stagnant despite Worldcoin buzz – Kaiko data
The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Go to Source
Terra Luna Classic contemplates deposit hike to curb spam proposals
This measure is intended to counteract the influx of “spam” and irrelevant proposals submitted for voting within the Terra Luna Classic community. Go to Source
Ripple’s CLO calls SEC’s latest filing “Hypocritical Pivot”
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry. Go to Source
Congressman Tom Emmer seeks amendment to limit SEC’s crypto oversight
Emmer intends to introduce an appropriations amendment that will limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Go to Source
The Fed could lose $100B — Does this spell catastrophe for Bitcoin?
On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion. Go to Source
DeFi enforcement sparks dissenting opinion from CFTC commissioner
The commissioner advocates public and stakeholder engagement through rulemaking, not just enforcement. Go to Source
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in Aug. 2022 and extradited to Turkey in April 2023. Go to Source
Blockchain could have prevented Nigeria’s naira scarcity effects – Local experts
According to local stakeholders, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change Go to Source
Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation. Go to Source