This season, Paris Fashion Week is taking on a new virtual dimension. Along with attending the event’s physical shows and presentations, guests can now try digital versions of designer looks via augmented reality (AR) kiosks at the Sphere showroom in the city’s Palais de Tokyo. The neon-lit kiosks in lurid green feature full-length AR mirrors. Using an integrated touchscreen, visitors…
The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets, according to an ADGM communication on Sept. 26. Laser Digital can receive full Financial Services Permission to operate after fulfilling conditions specified in the current approval.…
India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO As India figures out its regulatory approach to the crypto industry, one thing is clear to Shardeum co-founder Nischal Shetty: “If you’re a high-frequency trader, you can’t afford to lose a percentage every time you sell,” he told Decrypt’s Andre Beganski at Messari Mainnet in New…
As lawmakers attempt to button up crypto with new rules worldwide, a 1% Tax Deducted at Source (TDS) in India has stifled certain traders en masse, illustrating how some regulatory tailoring may be needed, according to Shardeum Co-Founder and President Nischal Shetty. Effectively asking crypto traders to set aside 1% of every transaction for tax purposes, Shetty told Decrypt at…
The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach a decision on a spot Bitcoin (BTC) exchange-traded fund, or ETF, offering from ARK 21Shares. In a Sept. 26 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that…
Four members of the United States Congress are requesting Securities and Exchange Commission (SEC) chair Gary Gensler “immediately” approve the listing of spot Bitcoin (BTC) exchange-traded funds, or ETFs. In a Sept. 26 letter to Gensler, U.S. Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres claimed the SEC was “discriminat[ing] against spot bitcoin exchange traded products”, citing the…
500Altcoins discusses DeFi Summer and the Dubai Crypto Scene – This Time Will Be Different – Episode 2 Our host Reza Jafery is joined by Gareth Fenney aka 500Altcoins. They discuss the glory days of DeFi Summer and whether or not its a smart move for builders in the crypto space to relocate to Dubai. Source: https://decrypt.co/videos/interviews/cI7p8AK3/500altcoins-discusses-defi-summer-and-the-dubai-crypto-scene-this-time-will-be-different-episode-2
Bitwise Asset Management has filed an amended application for a spot Bitcoin exchange-traded fund (ETF), beefing it up with 40 pages of new text responding to the United States Securities and Exchange Commission’s (SEC) objections to the product. It still might not be enough to satisfy regulatory requirements, though, a company executive warned. Bitwise is among the six financial firms…
Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial institutions such as the World Bank and International Monetary Fund have come to a broad consensus that CBDCs stand to provide…
Spotify is OK with AI, after all. In a reversal from an earlier decision, the CEO of the world’s biggest music streaming service said Tuesday that it would not ban AI-generated music. This follows an announcement of AI-translated podcasts, giving both commercial and independent producers a way to reach international markets. Earlier this year, an AI song entitled “Heart on…
