Ripple, the payments-focused digital asset firm, is expanding its U.S. dollar-backed stablecoin Ripple USD (RLUSD) to institutions in Africa through new partnerships with Chipper Cash, VALR and Yellow Card distributors. The rollout aims to give businesses across the continent access to a stable, digital dollar designed for cross-border payments, liquidity and on-chain settlement, the company … Read more
The US Commodity Futures Trading Commission (CFTC) said it will not pursue enforcement against two entities tied to prediction platform Polymarket. In a Wednesday notice, the CFTC said it had issued a no-action letter “regarding swap data reporting and recordkeeping regulations for event contracts” with QCX LLC and QC Clearing LLC. “The divisions will not … Read more
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central … Read more
Ahead of the upcoming budget announcement for 2024, the Indian web3 community has come together in unison to demand relief over tax rules concerning crypto. For the last two years, the Indian government has paid no heed to the sentiment of the Web3 community, that has been urging for a revision on crypto-related tax laws. … Read more
The crypto sector underwent tremendous ups and downs in the month of March, with Bitcoin reaching an all-new high of over $73,000 (roughly 60.8 lakh). On Monday, April 1, Bitcoin recorded a minor gain of 1.35 percent to trade at $67,014 (roughly Rs. 55.8 lakh) in India. The most expensive asset on the crypto block, … Read more
Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, with a slew of reforms for various sectors. The Budget did not mention cryptocurrencies or blockchain technology, two areas that are currently are unregulated in India. The Web3 sector in India has been urging the government to reduce the one percent tax deducted … Read more
President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple and Nvidia even if it proves a temporary one. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s … Read more