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BIS, FSB Reports Highlight Benefits and Risks of Asset Tokenisation
The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...
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Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.
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Total Capitalisation of Digital Assets Rose by 44 Percent in H1 2024: Binance
Binance has revealed that the overall capitalisation of the crypto sector rose by 44 percent or $720 billion (roughly Rs. 60,45,112 crore) in the first half of 2024. The influx of stablecoins into the crypto market has also shown a significant rise this year. Stablecoins are those crypto assets that are backed by traditional assets like fiat curren...
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"This Is Unfair": DK Shivakumar On Supreme Court's "Sorry" In CBI Case
Karnataka Deputy Chief Minister DK Shivakumar has labelled as "unfair" the Supreme Court's dismissal of a petition challenging the CBI's FIR against him in a disproportionate assets case.
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IAS Trainee Officer Wanted Cops To Release Theft-Accused Family Member
Puja Khedkar - the on-probation IAS officer under scrutiny after allegedly lying about disabilities - to qualify for the Civil Service, now faces a fresh charge - that she tried to talk the police into releasing a relative accused of theft.
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South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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Dogecoin Developer Issues Important Warning to Investors as Market Turns Volatile
Mishaboar, one of Dogecoin’s developers has released a warning asking the investor community to gauge the risks of investing in crypto assets before making any final decision. The Dogecoin developer has expressed his fear that investors who are losing sleep over their crypto investments – may have been overexposed to the sector.
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Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
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Derivatives, Futures Trading a Tax Effective Solution to Drive Crypto Engagement in India: Pi42 Co-Founders
Industry leaders in India believe that futures trading in crypto can be a great solution to help potential investors still trade in crypto without having to worry about the tax load. Indian crypto veterans Nischal Shetty and Avinash Shekhar, who recently released their Pi42 futures exchange, have weighed-in on the situation with insights.
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India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
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Counter-Strike 2 Has Officially Launched on Steam, Replacing CS:GO
Counter-Strike 2 is now available to play for free on Steam. Serving as an upgrade, the game has replaced CS:GO on the store and brings a ton of improvements ranging from better lighting to new assets, volumetric smoke, and a responsive sub-tick architecture. Valve has also introduced a new ranking system that shows your skill rating among the worl...
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FTX Says Banks Earlier Raised Questions About FTX-Affiliated Hedge Fund's Wire Activity
Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to access the US banking system, the ...
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Global Framework for Crypto Regulation Could Leverage Learnings From India: WEF Report
From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.
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Counter-Strike 2 Revealed by Valve, Releasing This Summer
Valve has officially confirmed Counter-Strike 2, and it is set to release this summer. The game will run on the Source 2 engine and will be available as a free upgrade to the existing CS:GO. A limited test has also been announced, which will be presented to select players, based on factors such as account standing and time played on official server...
-
BIS, FSB Reports Highlight Benefits and Risks of Asset Tokenisation
The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...
-
Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.
-
Total Capitalisation of Digital Assets Rose by 44 Percent in H1 2024: Binance
Binance has revealed that the overall capitalisation of the crypto sector rose by 44 percent or $720 billion (roughly Rs. 60,45,112 crore) in the first half of 2024. The influx of stablecoins into the crypto market has also shown a significant rise this year. Stablecoins are those crypto assets that are backed by traditional assets like fiat curren...
-
"This Is Unfair": DK Shivakumar On Supreme Court's "Sorry" In CBI Case
Karnataka Deputy Chief Minister DK Shivakumar has labelled as "unfair" the Supreme Court's dismissal of a petition challenging the CBI's FIR against him in a disproportionate assets case.
-
IAS Trainee Officer Wanted Cops To Release Theft-Accused Family Member
Puja Khedkar - the on-probation IAS officer under scrutiny after allegedly lying about disabilities - to qualify for the Civil Service, now faces a fresh charge - that she tried to talk the police into releasing a relative accused of theft.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
Dogecoin Developer Issues Important Warning to Investors as Market Turns Volatile
Mishaboar, one of Dogecoin’s developers has released a warning asking the investor community to gauge the risks of investing in crypto assets before making any final decision. The Dogecoin developer has expressed his fear that investors who are losing sleep over their crypto investments – may have been overexposed to the sector.
-
Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
-
Derivatives, Futures Trading a Tax Effective Solution to Drive Crypto Engagement in India: Pi42 Co-Founders
Industry leaders in India believe that futures trading in crypto can be a great solution to help potential investors still trade in crypto without having to worry about the tax load. Indian crypto veterans Nischal Shetty and Avinash Shekhar, who recently released their Pi42 futures exchange, have weighed-in on the situation with insights.
-
India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
-
Counter-Strike 2 Has Officially Launched on Steam, Replacing CS:GO
Counter-Strike 2 is now available to play for free on Steam. Serving as an upgrade, the game has replaced CS:GO on the store and brings a ton of improvements ranging from better lighting to new assets, volumetric smoke, and a responsive sub-tick architecture. Valve has also introduced a new ranking system that shows your skill rating among the worl...
-
FTX Says Banks Earlier Raised Questions About FTX-Affiliated Hedge Fund's Wire Activity
Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to access the US banking system, the ...
-
Global Framework for Crypto Regulation Could Leverage Learnings From India: WEF Report
From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.
-
Counter-Strike 2 Revealed by Valve, Releasing This Summer
Valve has officially confirmed Counter-Strike 2, and it is set to release this summer. The game will run on the Source 2 engine and will be available as a free upgrade to the existing CS:GO. A limited test has also been announced, which will be presented to select players, based on factors such as account standing and time played on official server...
