-
India is hoping to begin meaningful conversations on crypto regulations at the G20 summit
Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of the G20, India has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies. The G20 comprises 19 countries and the European Union, representing the world’s…
-
PayPal announces the launch of its own stablecoin
Global payments giant PayPal (PYPL) is entering the cryptocurrency market with its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), the company announced on Monday. The Ethereum-based token will soon be available to PayPal users in the U.S. This is the first time a major financial company is issuing its own stablecoin. Users can transfer PYUSD between PayPal…
-
OpenAI’s CEO Sam Altman launches a crypto project, Worldcoin
Worldcoin, the ambitious cryptocurrency and digital ID project spearheaded by OpenAI chief Sam Altman, launched on Monday after years in development, promising to verify users’ identity by scanning their eyes and potentially solving one of the more pressing problems posed by recent advances in artificial intelligence that have made it harder to tell whether something…
-
Indonesia introduces a new crypto exchange
When nations like Kuwait are imposing blanket bans on crypto, the Indonesian government has introduced a new national crypto exchange to enhance transparency and foster investor protection. Operated by PT Bursa Komoditi Nusantara (BKNI), a subsidiary of the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti), the platform will offer a variety of cryptocurrencies such as Bitcoin, Ethereum,…
-
Binance faces further regulations from authorities across the globe
Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company. The representatives…
-
Crypto mass adoption is coming, but how fast?
Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to…
-
South Korea introduces a cryptocurrency bill to protect investors
The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBSÂ reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities. However, it primarily focuses on investor protection amid a…
-
EDX Markets, a new crypto exchange backed by Wall Street has launched
EDX Markets (EDX), which is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, has launched in the U.S. after building out its technology for the past nine months, the company announced Tuesday. “I am proud to announce that EDX Markets (EDX) has successfully launched our digital asset market and completed an investment round with…
-
Coinbase pushes for regulatory clarity in the crypto industry
Coinbase, the second-largest crypto exchange globally, is pushing for regulatory clarity in the crypto ecosystem, even as it’s fighting some legal battles of its own. The SEC sued Coinbase for securities laws violations on Tuesday, just one day after the SEC sued Binance, the world’s largest crypto exchange. In April, the SEC issued a Wells notice to Coinbase, in…
-
The SEC goes after Binance and Coinbase
The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything. Apart from the “extensive web…
About
Lorem ipsum dolor sit amet, consec tetur adipiscing elit. Maecenas odio lacus, dignissim sollicitudin finibus commodo, rhoncus et ante.
Recent Post
- AI can be used to detect the risk of developing multiple diseases
- How the healthcare sector can benefit from the Metaverse
- The sports industry can benefit from the emerging metaverse space
- Deutsche Bank aims to enter the metaverse and engage with customers virtually
- The UAE is launching Arabic AI software