WAO ART

Australia is tightening regulations on crypto firms. The Australian Securities and Investments Commission (ASIC) is leading the crackdown on unregistered digital asset service providers. Firms must complete proper registration processes to operate legally in the country.

El Salvador now holds nearly 6,000 BTC. The country has been purchasing 1 Bitcoin daily since March 16, 2023. Current holdings amount to 5,852 BTC, according to Arkham Intelligence. This investment occurs amidst ongoing controversy and international scrutiny over El Salvador's cryptocurrency policies.

WazirX has announced that INR withdrawals will resume starting August 26. Customers still cannot withdraw their cryptocurrency balances at this time. This update follows a $230 million hack. The exchange paused withdrawals and trading to assess the situation and mitigate impacts.

Russia is set to launch two state-backed cryptocurrency exchanges in Moscow and St. Petersburg. A new stablecoin backed by the Chinese Yuan is also in the works. The St. Petersburg exchange will utilize the infrastructure of the St. Petersburg Currency Exchange (SPCEX).

Orbiter Finance has achieved over $50 million in annual revenue. The growth in Layer-2 (L2) adoption. Orbiter Finance is now one of the most profitable decentralized cross-chain L2 protocols. L2 solutions improve blockchain scalability by offloading transaction processing from the main chain.

Former US President Donald Trump has launched a new cryptocurrency platform called "The DeFiant Ones." The announcement was made on Truth Social, Trump's own social media network. The project is aimed at serving unbanked and underserved communities.

Rwanda's Ambassador to Indonesia aims to sign new agreements with Indonesia. The discussions will take place during the 2nd Indonesia-Africa Forum (IAF) in Bali from September 1–3, 2024. The forum serves as a platform for enhancing cooperation between Indonesia and African nations.