WAO ART #335

Indian crypto platforms have experienced a surge in daily transactions and user registrations following the finance ministry's show cause notices to offshore virtual digital assets service providers. Some platforms have seen a 2,000% increase in deposits, while others have reported a 20% jump in active users.

The BRICS bank, also known as the New Development Bank (NDB), is set to release bonds called 'Maharaja Bonds' worth $28 billion. The bonds will be available for purchase in local currencies, aiming to strengthen them and boost their respective economies.

Asset management firm BlackRock has acquired 11,500 BTC in just two days, equivalent to 13 days' worth of Bitcoin production. This has raised concerns about a potential supply crunch as the demand for ETFs outpaces daily production. However, market participants see this as a bullish signal for Bitcoin.

This article highlights five big analyst moves in the field of artificial intelligence for the week. JPMorgan upgraded Dell Technologies and promoted Arista Networks, citing their leverage to the AI-led Compute investment cycle. BMO analysts identified Alphabet and Amazon as best-positioned in the AI sector.

The lack of clear regulations surrounding Web3 technologies in Africa is slowing down progress in the region, according to Jathin Jagannath, a developer advocate of Cartesi. This regulatory uncertainty creates hesitancy among potential users and investors.

New Zealand emerged as the winners at the debut Abu Dhabi SailGP event, taking the title and being crowned Abu Dhabi SailGP champions. Despite light winds, the event drew thousands of fans who witnessed the exciting racing between ten national teams.

Turkey is nearing the completion of its technical studies on digital asset regulations and will soon release draft rules, according to the country's finance minister. The regulations will focus on digital asset exchanges and aim to protect investors and establish operating standards.