RBI, govt working in complete harmony on crypto: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said that there was complete harmony between her department and the Reserve Bank of India (RBI) on all matters including cryptocurrencies. She added that there is respect towards each other’s domain and priorities keeping national interest in mind. The Finance Minister had announced in her Budget speech that the RBI will launch a blockchain-based cryptocurrency next year.
Crypto prices today: Bitcoin falls 0.8%, ETH down 2%
Bitcoin is currently trading at $42,057, a 0.74% decrease over the previous day. Ethereum is down 2.15% over the last 24 hours to $2,860. Solana fell 3% to $93.8, while Cardano is down 2.75% to $1.03. Polygon (MATIC) slumped 5.8% to $1.61. The global crypto market cap stands at $1.87 trillion, a 1.75% decline over the previous day.
Block, Argo, and Griid among first buyers of Intel’s new blockchain accelerators
Intel is planning to release blockchain accelerators later this year and has lined up some big-name buyers. Among its first customers for the accelerators, which help facilitate energy-efficient crypto mining, are Block (formerly Square), Argo Blockchain, and the crypto mining startup Griid Infrastructure.
Israel’s Securities Regulatory chief lays out crypto plans
The Israel Securities Authority (ISA) has announced plans to regulate the country’s fintech space. It is looking to attract blockchain-based solutions that can improve the infrastructure supporting the securities and sovereign debt markets in Israel with a fintech hackathon. The ISA plans to start gathering the expertise and influence needed to regulate the fintech and the crypto sector more broadly.