WAO ART #384

El Salvador and pro-Bitcoin businesses are seeing financial gains as BTC approaches all-time highs. Despite skepticism, their strategic investments in Bitcoin are paying off. More companies may consider adding crypto to their treasury strategies.

The Indian government has issued an advisory to AI companies ahead of the general elections. Companies must label unreliable content and obtain government permission before using AI models in India. The advisory aims to combat misinformation and deepfakes by identifying their originators.

The UK has introduced new rules to restrict illicit activities involving cryptocurrencies. The NCA now has the power to confiscate and even destroy suspicious crypto assets. The ECCT Act 2023 has been modified to allow law enforcement to seize cryptocurrencies without conviction.

SHIB burns have surged by 887% after 634 million SHIB were destroyed in February. In the last 24 hours, 37,104,438 SHIB meme coins were burned, pushing the burn rate up. The largest burn transaction involved 21,540,898 SHIB, followed by one with 9,740,615 SHIB.

Chinese tourist numbers in Australia are still down by about half compared to pre-pandemic levels. Melbourne hot air balloon company Global Ballooning is experiencing a financial hit as the Chinese market brings in about 50% of its clients.

Lawyer Jake Chervinsky predicts that the SEC may reject Ethereum ETF applications. Chervinsky highlights the SEC's political pressures and legal precedents as reasons for potential rejection. The approval of a spot Ethereum ETF fund could intensify political pressure on the SEC.

Nigeria's House of Representatives Committee on Financial Crimes has summoned Binance CEO Richard Teng over allegations of money laundering. The committee has warned that if Binance disregards the summons, they will take action using their constitutional power.