45% of crypto investors cite diversification as their primary reason for holding digital assets, but experts warn of volatility and conditional benefits, recommending small allocations (1-3%) to balance risk and diversification.
Russian Central Bank Governor Elvira Nabiullina announced there are no restrictions for investors to withdraw cryptocurrency abroad, but cautioned that Russian law does not protect investors operating outside the country's jurisdiction.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
Binance has partnered with UK nonprofit STOP THE TRAFFIK to enhance its capabilities in identifying and investigating cryptocurrency activity linked to human trafficking and child exploitation, receiving specialized intelligence and training.
Non-resident Indians can choose between FCNR(B) and NRE deposits for investments in India. FCNR(B) offers currency protection, while NRE deposits carry exchange rate risk but can yield higher returns if the rupee strengthens. Historically, the rupee has depreciated against the US dollar, making the choice dependent on risk appetite and future fund utilization.
The Bank of Russia acquired 4.8 billion rubles ($61.4 million) worth of yuan on the domestic market for settlement on July 22, 2026. This follows a similar purchase of 4.8 billion rubles in yuan with settlement on July 21.
The Indian rupee gained 0.1% against the US dollar on Thursday, opening at 96.49, despite facing pressure from rising crude oil prices. Traders expect continued strain, with the Reserve Bank of India (RBI) intervention anticipated to limit sharper losses. Geopolitical tensions are driving oil prices higher, offsetting previous RBI measures.
US Senate Republicans released an updated CLARITY Act text on July 22, advancing a federal market-structure framework for digital assets. The bill addresses ethics rules for officials, stablecoin rewards, and developer protections, moving towards a potential floor vote despite ongoing negotiations.
The U.S. Senate is considering updated legislation, the Clarity Act, to ban federal officials, including presidents, from issuing or sponsoring cryptocurrencies. The bill, sponsored by Sen. Cynthia Lummis, faces opposition from some Democrats who argue its ethics provisions, enforced by the DOJ, are too weak, especially concerning former President Trump's crypto ventures.
The US Department of Justice filed five civil forfeiture complaints seeking over $25 million in crypto linked to international investment, romance, and recovery scams. Investigations by the Cyber Fraud Task Force identified thousands of victims in the US and Canada, with launderers primarily in Southeast Asia.
Bank of China's Shenzhen and Fujian branches processed two cross-border transactions, each over US$1.7 billion, via the mBridge multilateral CBDC platform. This marks a significant step for the emerging payment network and China's ambition to internationalize the yuan, bypassing Western-centric financial systems.
India's foreign-currency mobilization drive is surpassing initial forecasts, with the RBI reporting banks garnered $20.7 billion under its special incentive window. Economists now project an additional $10 billion upside, potentially reaching $80 billion in total flows, driven by FCNR(B) deposits and foreign bank participation.
President Trump has reportedly accepted proposed ethics restrictions for the Digital Asset Market Clarity (CLARITY) Act, a key hurdle in US crypto legislation. This moves the decision to Senate Democrats, who must now review the language and decide if it's sufficient to secure the necessary votes for passage amidst Trump's family's crypto interests.
Chinese actor Li Chengru, 71, known for classic roles, lost US$13 million in foreign currency trading before his acting career took off. His early life involved poverty and an apprenticeship that ignited his passion for acting, leading him to script supervision for 'Journey to the West'.
A new UNODC report reveals online scams, primarily investment fraud, cost victims an estimated US$88.3 billion to US$114.1 billion last year, a significant increase from 2023. Authorities in an unspecified region are reportedly cracking down on this illicit industry under pressure from the United States, Britain, and China.
Russia's State Duma passed its first comprehensive cryptocurrency law, establishing a licensing regime for exchanges and limiting legal trading to Bitcoin and Ethereum for most investors. The law, expected to take effect September 1, permits crypto for international trade to circumvent Western sanctions, while banning privacy coins and domestic crypto payments.
Russia's State Duma is holding final readings on a bill to regulate cryptocurrency, introducing annual purchase limits for non-qualified investors (300,000 rubles) and cross-border transfer limits, aiming to establish a legal framework by Sept. 1.
India's virtual digital asset (VDA) taxation remains among the world's toughest, imposing a 30% flat tax on gains and 1% TDS on transactions. Rules prohibit loss offsets and tax airdrops/staking rewards, with severe penalties for non-disclosure of overseas holdings.
LimeWire, a generative AI platform, empowers creators to produce, share, and monetize AI-generated content, including images, with upcoming music and video tools, offering NFT minting, ad revenue, and royalty models.
Chinese tech giants like ByteDance, Alibaba, and Tencent are increasingly using AI tokens as an internal corporate currency to measure and bill AI service usage among employees. This trend is fueled by a brutal price war in China's AI industry, driving down costs and accelerating AI integration into daily workflows.
Donald Trump reportedly amassed $2.2 billion during his first year in office, with $1.2 billion from the cryptocurrency industry. His administration then influenced deregulation, including the "Genius Act" and "Clarity Act," integrating stablecoins into the banking system, which critics warn poses significant systemic risks to the US economy.
South Korea's finance ministry unveiled a roadmap to internationalize the Korean won, aiming for it to become a "freely convertible currency" by establishing offshore transaction systems, removing institutional restrictions, and improving foreign exchange regulations to boost its global use.
Kaspersky identified "OkoBot," a new malware framework targeting crypto investors by stealing wallet data and credentials. Separately, SlowMist warned of fake LinkedIn recruitment campaigns delivering remote access trojans to Web3 developers, posing significant cybersecurity risks.
