India Finalizing Stance on Legality of Cryptocurrencies to Be FATF Compliant
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Report – Regulation Bitcoin News

The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF by May,” a government official said. India Finalizing Crypto Stance The Indian government…

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Totality Corp CEO explains why India is still largely untapped for NFTs
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Totality Corp CEO explains why India is still largely untapped for NFTs

Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass adoption — particularly in some…

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Ethereum co-founder Vitalik Buterin defends DAOs against critics
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Ethereum co-founder Vitalik Buterin defends DAOs against critics

Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a traditional corporate structure. In theory DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as the usage of treasury funds…

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Draft US stablecoin bill would ban new algo stablecoins for 2 years
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Draft US stablecoin bill would ban new algo stablecoins for 2 years

Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion. The bill would criminalize the creation or issuance of new “endogenously collateralized stablecoins,” according to a current draft of the legislation obtained by Bloomberg.…

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Guggenheim CIO Discusses 'Greatest Investing Opportunity' — Warns Stocks Vulnerable to Further Declines
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Guggenheim’s Scott Minerd Discusses ‘Greatest Investing Opportunity’ — Warns Stocks Vulnerable to Further Declines – Markets and Prices Bitcoin News

The chief investment officer of asset management firm Guggenheim, Scott Minerd, says that the current market has delivered “the greatest investing opportunity of a generation.” He also warned about some investments that he expects to decline further. Guggenheim’s Scott Minerd on ‘the Greatest Investing Opportunity of a Generation’ The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, shared what…

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US Legislation Would Temporarily Ban Algorithmic Stablecoins Like Terra: Bloomberg
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US Legislation Would Temporarily Ban Algorithmic Stablecoins Like Terra: Bloomberg

Leaders of the House Financial Services Committee continue to negotiate the terms of a proposed bill to regulate cryptocurrency, even as the window to act draws increasingly narrow heading into the midterm elections. According to Bloomberg, the latest draft legislation would ban algorithmic stablecoins like TerraUSD’s Luna for two years, while regulatory agencies conducted a study of “endogenously collateralized” tokens. “Endogenously”…

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‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst
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‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst

Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency.  Speaking to Cointelegraph during the Australian Crypto Convention over the weekend, Coutts argues there has been an ongoing “falsehood” that “there is no intrinsic value in blockchains.” “These asset managers own…

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Magic Eden CEO: ‘Very Natural’ to Expand From Solana to Ethereum NFTs
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Magic Eden CEO: ‘Very Natural’ to Expand From Solana to Ethereum NFTs

In brief Magic Eden co-founder and CEO Jack Lu appeared on Decrypt’s gm podcast. He discussed the marketplace’s recent push into the Ethereum space after starting exclusively with Solana NFTs. Magic Eden, the leading Solana NFT marketplace, continued its expansion to Ethereum today by rolling out support for a handful of major collections, including the Bored Ape Yacht Club, Pudgy…

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