Brazil redefines economic transparency: Impact of cryptocurrency asset reclassification Crypto News: Brazil’s economic landscape is undergoing notable adjustments with recent changes in how crypto assets are accounted for in the country’s balance of payments. The decision by Brazil’s central bank to no longer classify crypto asset purchases as imports for the purpose of calculating the current account deficit marks a significant shift. This alteration follows a methodological change by the International Monetary Fund (IMF), which now categorizes crypto assets under the capital account rather than the current account. Renato Baldini, deputy head of Brazil’s central bank statistics department, emphasized the…

NSE implements temporary restrictions on Futures and Options (F&O) Trading for selected stocks Stock News – Tuesday’s F&O Ban: In a significant move impacting the Indian stock market, the National Stock Exchange (NSE) has recently imposed an F&O ban for eight prominent stocks. This decision stems from the observation that the open market interest for these stocks has exceeded 95% of the market-wide position limit (MWPL), triggering regulatory action to maintain market stability and integrity. The stocks affected by this temporary ban include Balrampur Chini Mills Ltd, Chambal Fertilisers Ltd, Gujarat Narmada Valley Fertilisers and Chemical Limited, Granules India Ltd,…

SoSoValue raises US$4.15M to revolutionize AI-driven cryptocurrency investment insights Crypto News: Singapore-based crypto financial research startup SoSoValue has successfully closed a US$4.15 million seed funding round. This significant financial boost was led by prominent investors, including HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. Notably, the funding round also saw participation from key figures in the crypto and tech industries, such as the Gitcoin Co-founder, an early investor in Ethereum, and founders of leading Web3 and AI technology firms. Launched merely five months ago, SoSoValue has already made remarkable strides, attracting over 1.2 million organic registered users.…

Unveiling the threat: Elon Musk deepfake scam on YouTube and cryptocurrency deception Elon Musk Deepfake Scam: The recent incident involving a YouTube Live broadcast featuring a Elon Musk deepfake underscores the growing threat of sophisticated digital impersonation and crypto scams in the online space. On this occasion, a five-hour livestream purported to be an official Tesla event, leveraging cutting-edge AI technology to mimic Musk’s appearance and voice, aimed to deceive viewers into participating in a fraudulent cryptocurrency scheme. The deception was meticulously orchestrated: the channel, @elon.teslastream, bore a verified badge, typically indicative of authenticity, but in this case likely signaling…

How to start investing in the Indian stock market with minimal capital: Strategies and tips How to Invest in Stocks with Minimum Capital: Investing in the stock market often conjures images of high-stakes trading floors and vast sums of money changing hands. However, in reality, you don’t need a fortune to start investing. In India, even a modest amount of capital can set you on the path to financial growth. This article explores various strategies to educate investors about how to invest in stocks with minimum capital, ensuring that even beginner investors can participate in the market. Understanding the Basics…

Transitioning artificial intelligence tokens: Binance delists OCEAN and AGIX, merges with Fetch.ai Crypto News – Binance Updates Trading Policy: Binance, one of the world’s leading digital asset exchanges, has announced a significant change to its platform by delisting AI crypto tokens Ocean Protocol (OCEAN) and SingularityNET (AGIX) from its spot trading pairs. This move will take effect on July 1, 2024. The specific trading pairs affected by this decision include AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, and OCEAN/USDT. Alongside the spot trading pairs, Trading Bot services associated with these pairs will also be terminated on the same date. In…

Italy’s new cryptocurrency rules: Strengthening regulation in line with EU standards Crypto News – Italy Enforces Stricter Crypto Rules: Italy is poised to introduce stricter crypto rules aimed at regulating the crypto asset market, signaling a proactive stance towards addressing potential risks and enhancing oversight within its financial system. The new stricter crypto rules, as reported by Reuters, are set to impose significant fines ranging from 5,000 to 5 million euros for offenses such as insider trading and market manipulation. This initiative, expected to be approved by the cabinet imminently, designates Italy’s central bank and market watchdog, Consob, as the…

Exploring Web3 Gaming: Injective’s Partnership Insight In a strategic move that signals a significant shift in the decentralized finance (DeFi) landscape, Injective has entered into a groundbreaking partnership with DEGA, a leading game-builder platform. This collaboration is poised to catapult Injective into the burgeoning Web3 gaming market, leveraging DEGA’s robust ecosystem to launch an innovative phase of development in GameFi. Dawn of a New Era in GameFi Injective, renowned for its advanced blockchain platform that facilitates DeFi applications, is now setting its sights on the rapidly evolving domain of Web3 gaming. By partnering with DEGA, Injective will empower game creators…

Kraken’s response to the Zero-Day exploit: Lessons in Cybersecurity and responsible disclosure Crypto News – Kraken Crypto Theft: In the ever-evolving landscape of cybersecurity, incidents involving zero-day exploits can have profound implications, especially in sectors like cryptocurrency exchanges where trust and security are paramount. Recently, Kraken, a prominent player in the cryptocurrency exchange market, found itself grappling with such a challenge when it fell victim to a serious security breach. The incident unfolded when an unidentified security researcher discovered and exploited a zero-day vulnerability within Kraken’s platform. This flaw allowed the attacker to manipulate the system in a way that…

Giottus crypto exchange boosts portfolio with 43 new tokens, enhancing market accessibility Crypto News: Giottus crypto exchange in India has significantly expanded its offerings by introducing 43 new tokens to its platform. This expansion marks a strategic move by Giottus to cater to the evolving demands of its user base, which reportedly exceeds one million users. The new tokens span across various categories including decentralized finance (DeFi), real world assets (RWA), Artificial Intelligence (AI), and even memecoins, reflecting a diversified approach to crypto investments. The decision to add these tokens comes after rigorous due diligence conducted by Giottus crypto exchange.…