RBI Deputy Governor Michael Patra said the central bank’s views about cryptocurrencies might have delayed the government’s proposed legislation on crypto assets.
RBI’s Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
Bitcoin, Ether Join Majority Cryptocurrencies in Registering Losses; Tether, USD Coin See Gains
Bitcoin and Ether, along with Binance Coin, Polkadot, Shiba Inu, and Dogecoin opened with losses. Stablecoins such as USD Coin and Tether have managed to bag small gains. The geo-political tensions between Russia and Ukraine are driving the trade market, where safe haven assets like gold and oil are raging but high-risk assets like cryptocurrencies are losing steam.
El Salvador Saw Significant Rise in Tourism, GDP Since Bitcoin Legalisation, Says Government
El Salvador’s decision to make Bitcoin an official payment method inside the nation’s borders back in September 2021 has positively affected the local tourism industry with the sector reportedly seeing a 30 percent rise since the move.
Puma Rebrands Twitter Handle to ‘Puma.eth’, Invests in Feline-Inspired NFTs
Puma has purchased a decentralised domain name, ‘Puma.eth’. The name has been updated on Puma’s Twitter handle that currently has nearly two million followers. The German brand has joined others like Nike and Adidas to explore elements of the crypto sector.
India’s Advertisement Watchdog Issues 12-Point Guideline for Crypto, NFT Ads
The Advertisements Standards Council of India or ASCI has issued guidelines for advertising virtual digital assets (VDAs) like cryptocurrencies and non-Fungible Tokens (NFTs).
Christine Moy Resigns From JP Morgan’s Blockchain Team Days After Bank’s Metaverse Entry
Christine Moy, JP Morgan’s crypto-focused executive, is bidding adieu to the bank after almost twenty years to move on to other opportunities. Moy has been part of JP Morgan’s blockchain initiatives including the bank’s recent metaverse entry and last year’s Crypto Economy Forum.
Bitcoin, Ether Bulls Retain Key Resistance Levels as Terra Leads Altcoin Charge
While the Russia-Ukraine conflict has created a sense of troubled times, the wider crypto market has marked a bit of a resilient run over the past 24 hours with both Bitcoin and Ether going up value and holding on to key resistance levels.
Brazil’s Crypto Regulatory Bill Starts Getting Approvals, Could Become a Law Soon
Brazil is looking to legalise cryptocurrency as an alternate mode of payment in the coming days. A crypto regulatory bill has now received approval from the Senate’s Economic Affairs Committee that proposes several suggestions to utilise and monitor the crypto sector in Brazil.
Manchester City Partners With Sony to Build the First Football Stadium in the Metaverse
Manchester City, the current English Premier League champions, has started the construction of the world’s first football stadium in the metaverse, with the assistance of virtual reality (VR) specialists from Sony.
Gunnercooke Law Firm Adds to UK’s Crypto Adoption by Enabling Bitcoin, Ether Payments
London-based Gunnercooke has decided to allow its clients to pay them in crypto assets. The top two crypto assets by market valuation, Bitcoin and Ether, have been listed under acceptable cryptocurrencies for Gunnercooke payments.