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Nigeria is set to launch a $1.5 million initiative to enhance AI development, announced by Minister Bosun Tijani. The fund, supported by Luminate, will be unveiled on October 7 in Abuja. This initiative follows criticism of a previous $61,780 AI Fund launched in collaboration with Google for being inadequate.

The IMF is urging El Salvador to limit its Bitcoin legislation and improve its regulatory framework surrounding cryptocurrency. IMF spokesperson Julie Kozack emphasized the need to reduce public sector exposure to Bitcoin and strengthen oversight of the Bitcoin ecosystem.

U.S. spot Bitcoin ETFs saw a net inflow of $25.6M on October 4, led by Bitwise and Fidelity. Bitwise’s BITB attracted $15.3M, while Fidelity’s FBTC gained $13.6M; Ark Invest’s ARKB and VanEck’s HODL each saw $5.3M. GBTC experienced a significant outflow of $13.9M, indicating a shift in investor preferences.

The UK government talks about financial innovation in crypto but lacks real action, leading to investor hesitance due to slow regulation and high costs. Digital bonds represent only 0.02% of traditional fundraising, and skepticism surrounds blockchain use for government debt issuance.

Australia defeated 🇱🇰 Sri Lanka by six wickets in their ICC Women’s T20 World Cup opener. Sri Lanka batted first, scoring 93 for seven, with Nilakshika Silva top-scoring at 29 not out. Beth Mooney led Australia’s chase with an unbeaten 43, guiding her team to victory with 5.4 overs to spare.

19 family members in Maharashtra's Thane district accused of running a cryptocurrency scam, cheating two brothers out of over $119,000. Victims were promised twelvefold returns on their investments, leading them to invest $109,000 and $30,600 from March 2022.

Automobili Lamborghini is partnering with Animoca Brands to introduce iconic luxury vehicles into the upcoming metaverse platform "Fast ForWorld," allowing players to own and trade digital Lamborghini cars across various gaming platforms.