Sat - 9 Sept

23 Sept, 2023 | 2:30 PM

Headlines for today

  • India Is Working On 5-Point Crypto Legislation

  • Vitalik Introduces Decentralized Privacy Pools

  • London Stock Exchange Is Developing A Blockchain-Based Trading Venue For Traditional Financial Assets

  • Mark Cuban Loses $870K MetaMask Wallet Hack

India Is Working On 5-Point Crypto Legislation: India is on the brink of a crypto revolution! Drawing insights from IMF-FSB recommendations, a regulatory framework is on the horizon, slated for the next six months. What can we anticipate? Think robust KYC procedures for crypto companies, consistent taxation, real-time audits, and a potential elevation of crypto exchanges to 'authorized dealer' status. PM Modi, fresh off the G20 summit, is advocating for harmonized global regulations. And for those fearing a ban? Breathe easy, it's off the table. With India already imposing a 30% tax on crypto gains, these new regulatory hints signal a promising, structured future for the country's crypto landscape.

Vitalik Introduces Decentralized Privacy Pools: Ethereum's main man, Vitalik Buterin, is back with some fresh ideas! 🧠✨ Introducing "Privacy Pools" – Buterin's brainchild to help crypto aficionados enjoy their privacy while still giving regulators a little peek. The magic trick? Let users prove their crypto isn't from dodgy deals without laying all their cards on the table. Users can whip up zero-knowledge proofs that give regulators just enough info to keep them happy. 🎩🐰 While public blockchains like Ethereum are like masquerade balls (everyone can see you, but no one knows who you are), some tools take the mask off entirely. With Privacy Pools, users can pick what they show and hide, fitting different global rulebooks. Working with some Swiss brainiacs, Buterin's paper also dives into "inclusion" and "exclusion" methods for picking what to show. While the concept's got potential, they're not handing the keys to any gatekeepers. The goal? Keep crypto's spirit alive, but make sure it plays nicely with the rules. Cheers to a crypto future that's both private and regulator-friendly! 🍻🔐🌐

London Stock Exchange Is Developing A Blockchain-Based Trading Venue For Traditional Financial Assets: The London Stock Exchange (LSE) Group is diving into blockchain waters to create a trading venue for your everyday financial assets. Not one to rush into things, LSE spent a year mulling it over before giving the green light, with Julia Hoggett taking the reins. LSE's Murray Roos says they're all about using blockchain for traditional assets, not chasing after Bitcoin and pals. They're aiming to be the first major global stock exchange to offer a blockchain-based space for investors. Roos dreams of a digital platform where investors from different corners of the world can mingle, all while playing by the rules. He believes digital tech can make cross-border transactions smoother and more transparent. From BlackRock's flirtation with a Bitcoin ETF to Swift's tokenization tests, it seems everyone wants a piece of the blockchain pie.🔗💷

Mark Cuban Loses $870K MetaMask Wallet Hack: Billionaire Mark Cuban faces a Crypto Nightmare! The entrepreneur's MetaMask wallet was hacked on Sept. 15, resulting in a loss of $870,000 in various crypto assets. Cuban believes a malicious MetaMask extension was the culprit. While he managed to salvage around $2 million USDC, he did part with 5 Ethereum tokens and several other assets. Ironically, this isn't Cuban's first brush with crypto setbacks. Remember Iron Finance's TITAN fiasco? He lost a chunk then too. And it seems the crypto world is becoming a hacker's paradise; just last week, Ethereum's co-founder, Vitalik Buterin, faced a similar scare. With big names in the crypto crosshairs, one wonders: is anyone truly safe? 🔐💰🚫