Bitcoin Surges Past $71,000 as U.S. Elections Near; Metaplanet Adds $10.5M in BTC
Market analysts are closely monitoring Bitcoin’s movements, particularly with a potential 25-basis-point rate cut expected from the Federal Reserve in early November.
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RBI Governor Warns of Cryptocurrencies’ Threat to Financial Stability, Calls for Global Regulation
Shaktikanta Das warned that widespread adoption of cryptocurrencies could undermine the RBI’s control over the economy, particularly with regard to money supply and inflation control.
India Weighs Crypto Ban as CBDC Gains Ground in Financial Inclusion Efforts
The Indian stance mirrors recommendations by international bodies, such as the IMF and Financial Stability Board (FSB), to allow member states to implement stringent crypto restrictions.
Base8 Launches Bitcoin Layer 3 Platform, Kicks Off $1.24M Crowdfunding Campaign
The platform is also one of the first to support SATs (Satoshis), the smallest unit of Bitcoin, and offers trading in more than 35 other liquid tokens.
Nigeria Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, had been detained in Nigeria since February, facing charges related to laundering $35.4 million, which both he and Binance have denied.
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