Month: July 2023

India negotiates cross-border CBDC payments with global central banks

boss

The Reserve Bank of India (RBI) is currently in dialogue with its counterparts from at least 18 other countries on the possibility of cross-border payments in the “digital rupee”.  The report about RBI’s ambitious foreign trade plans for the Indian central bank digital currency (CBDC), appeared in the Economic Times on June 27. It cites several public announcements by the RBI Governor, Shaktikanta Das. During his June speech in London, Das emphasized the importance of foreign trade infrastructure for the “digital rupee”, which was set to reach 1 million users…

Binance Academy Collaborates with Coursera for Global Blockchain and Web3 Education

Binance Academy, the educational arm of Binance, has forged a partnership with renowned online learning platform Coursera to develop certified Web3 educational programs, according to a recent announcement. These programs aim to span a wide array of Web3 and blockchain topics and are designed to cater to both foundational and professional certification needs. Binance Academy’s collaboration with Coursera is expected to play a vital role in filling the knowledge gap between the rapidly evolving blockchain technology and the contemporary workforce.  “In a world where Web3 is becoming increasingly prevalent, understanding…

Clarity needed on crypto lending regulations — UK Law Commission

boss

A lawyer leading the United Kingdom’s Law Commission’s review of the application of British laws toward digital assets has stressed the need for further clarity around cryptocurrency lending. Laura Burgoyne unpacked the details of the organization’s four major recommendations to the U.K. government in an interview with Cointelegraph. This comes after a lengthy review process of existing legal frameworks in the country and how they’ve been applied to the digital asset sector to date. As reported by Cointelegraph on July 3, the Law Commission is calling for the creation of a…

Music with AI elements can win a Grammy, Recording Academy CEO says in report

boss

The music industry is coming to terms with the rise of artificial intelligence (AI) seeping into productions, as the Grammys recently clarified that AI-generated music will be eligible for awards in the 2024 award cycle.  On July 4, the CEO and President of the Recording Academy, Harvey Mason Jr. clarified to the AP in an interview: “AI, or music that contains AI-created elements is absolutely eligible for entry and for consideration for Grammy nomination. Period.” He stressed that the Academy will not give a Grammy or a nomination thereof to…

South Africa to mandate crypto exchange licenses by year-end: Report

boss

South Africa’s financial regulator has announced that all crypto exchanges in the country will be required to obtain licenses by the end of the year, according to a report by Bloomberg. Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana stated that the FSCA has received approximately 20 license applications since its recent opening, and expects more before the November 30 deadline, Bloomberg reported. Kamlana further mentioned that if crypto exchanges continue to operate without a license after the deadline, the regulator intends to take “enforcement action,” which may involve fines…

Bitcoin analysis agrees BTC price may stall at $35K

Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts. In its latest market update on July 5, trading firm QCP Capital flagged the mid-$30,000 range as a potential cooling-off point for the Bitcoin bull market. Bitcoin homes in on post-FTX rally peak With BTC price stagnating around $30,000, concerns are already mounting that the majority of its gains have already materialized. The area between $35,000 and $40,000 is now particularly popular among market participants seeking to catch a local top, and QCP…

Solana ready to take over the market alongside InQubeta 

Solana (SOL) has emerged as a prominent player in the crypto space, often hailed as the “Ethereum killer.” With its lightning-fast transaction speeds and low fees, Solana is poised to disrupt the market and attract investors seeking alternative blockchain solutions. Even so, another project, InQubeta, has caught the eye of investors with its unique value proposition and fast-selling presale.  InQubeta: the AI crowdfunding ecosystem InQubeta is an AI-focused crypto project that aims to connect investors with artificial intelligence (AI) startups through a transparent funding platform. Let’s explore the features that set…