crypto

Indians More Familiar with Metaverse Compared to Web3, NFTs: Report

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[ad_1] Indians are gradually warming up to the idea of blockchain-based elements, with metaverse winning most hearts. A latest report by YouGov, commissioned by Consensys, has claimed that out of over a thousand surveyed participants from India, 53 percent are familiar to metaverse. A fully functional virtual universe, the metaverse makes for a digital ecosystem … Read more

Fidelity Expected to File New Spot Bitcoin ETF With US SEC: Report

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[ad_1] Asset manager Fidelity is expected to file with the U.S. securities regulator for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs, the Block reported on Tuesday citing a source familiar with the matter. In the past two weeks, BlackRock, WisdomTree, Invesco, VanEck, and Bitwise have filed new … Read more

Crypto-Focussed AI Chatbot SatoshiGPT Launched by Mudrex: Here’s What We Know About It

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[ad_1] India’s crypto industry players are ramping up work to ensure that people looking to dabble in this volatile and unregulated industry are aware about their financial decisions. Mudrex, an India and US-based crypto investment firm, has decided to use the AI chatbot trend to educate people about cryptocurrencies. This chatbot is named the ‘SatoshiGPT’ … Read more

Credit Agricole’s CACEIS Registers as Digital Asset Custody Provider With French Regulator AMF

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[ad_1] CACEIS, the asset servicing business owned by Credit Agricole and Santander, has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies. The company registered as a digital asset service provider (DASP) on June 20, according AMF’s website, adding a major traditional financial services group to the growing … Read more

AI and Crypto Are Becoming Regulatory Frenemies

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[ad_1] In 1865, Britain passed its infamous “Red Flag” Act — copied in many other places — to regulate for self-propelled vehicles. It required a crew of three for each vehicle, one member of which was to walk 60 yards ahead with a red flag to warn horses and riders of the vehicle’s approach. It … Read more

IMF Working on New Central Bank Digital Currencies Platform to Enable International Transactions

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[ad_1] The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries: we need interoperability,” Georgieva told … Read more

US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks

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[ad_1] A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. Representative Patrick McHenry, chairman of the House Financial Services Committee, said he expects to put a bill forward for the panel to consider … Read more

Binance Operations Declared Illegal by Nigerian Market Regulator, Asked to Discontinue

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[ad_1] Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” the Securities and Exchange Commission (SEC) said … Read more