India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country’s central bank digital currency pilot since it kicked off in December.
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Bitcoin’s Tight Correlation With Nasdaq-SPX Ratio Muddies Safe Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The white paper proposes more tax reform, clearer accounting standards and a DAO law.
High Ether Yields Drive $50M to DeFi Protocol Pendle Finance
The total locked value of assets on the platform has risen over 300% since the start of this year, DeFiLlama data shows.
Binance Australia’s Derivatives License Cancelled by Regulator
The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia’s derivatives license, according to a press release.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.
Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned
Judges at the High Court in London said they didn’t have the resources to explore the issue fully.
Bitcoin’s Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months
The decline indicates renewed risk appetite in the crypto market.
Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo
Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms.
Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
BTG Pactual, one of Latin America’s largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt.