Global #Cryptocurrencies

A lesser-known cryptocurrency has experienced a meteoric rise this week, gaining over 27% in value. The catalyst for this surge? A newly announced involvement in a Central Bank Digital Currency (CBDC) project.

India is gearing up to solidify its stance on cryptocurrencies with the release of a comprehensive policy framework by September. According to Senior Finance Ministry Official Ajay Seth, the government is currently in the process of consulting with relevant stakeholders to shape the regulatory landscape for the burgeoning digital asset industry.

A wave of celebrity-endorsed cryptocurrencies that swept the market in June has experienced a dramatic downturn. Coins associated with high-profile figures from various industries plummeted in value, leaving investors reeling.

European Ferrari enthusiasts with a penchant for cryptocurrency can rejoice! Following a successful launch in the US, Ferrari has announced it will now accept Bitcoin and other cryptocurrencies for car purchases across its European dealerships.

In the wake of recent US bank failures, Switzerland's renowned banking institutions are making a bold move into the cryptocurrency space.

Bitcoin (BTC), the leading cryptocurrency, has dipped to $64,000, marking a pullback in the broader crypto market. This decline comes after a period of relative stability, and it has investors watching closely.