In collaboration with @WenLlama, @phoenixlabsdev, and @hexens, we set out to align the growth of the Polygon Ecosystem with continued sustainable support of Ethereum, directly in the core contracts powering Polygon 2.0.
A thread on Polygon Ecosystem's commitment to Ethereum.
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Prime Minister Narendra Modi Advocates for Global Cryptocurrency Framework
In a recent interview with Business Today, Indian Prime Minister Narendra Modi emphasized the need for a global regulatory framework for #cryptocurrencies. The statement comes at a pivotal time as India currently holds the #G20 presidency, a platform the country has used to broaden discussions about the macroeconomic implications of cryptocurrencies.
A Unified Approach to Cryptocurrency
Prime Minister Modi stressed that the rapid technological advancements in the crypto space should not be ignored. Instead, he advocates for a "unified approach" that focuses on adoption and democratization. "The rules, regulations, and framework around it should not belong to one country or a group of countries," Modi said. He further elaborated that a "global consensus-based model" is essential, especially one that takes into account the concerns of developing nations.
Drawing parallels with the aviation industry, which operates under a set of common global #rules and #regulations, Modi suggested that the cryptocurrency sector could benefit from a similar approach. He pointed out that just as air traffic control and air security are governed by international norms, so too should emerging #technologies like #cryptocurrencies.
India's Role in the G20
As the current holder of the G20 presidency, India has been actively channeling efforts into the #crypto agenda. According to #Modi, the country has expanded the scope of the crypto conversation to consider its broader impact, particularly on emerging markets and developing economies. "Our presidency also hosted enriching seminars and discussions, deepening insights into crypto assets," he added.
A Flourishing Crypto Scene in India
#India has been a significant player in the global crypto #market. With a young and tech-savvy population, the country has seen a surge in cryptocurrency #adoption. Various Indian crypto exchanges have reported exponential growth, and there has been a notable increase in crypto-related startups. The government has also been exploring the use of #blockchain technology in sectors like #agriculture and #healthcare.
Prime Minister Modi's comments come after India released its "Presidency Note as an input for a Roadmap on Establishing a Global Framework for Crypto Assets" earlier this month. The note aims to guide standard-setting bodies and is seen as a step forward in shaping #global crypto regulations.
As India continues to play a significant role in the G20's approach to cryptocurrency #regulation, the Prime Minister's remarks underscore the country's commitment to fostering a balanced and globally coordinated regulatory #environment for cryptocurrencies.
Unveiling the Path to Clear Crypto Regulations in India's Future!
Join us on August 30th, 7 PM IST (https://t.co/LAFs7LFEEM) for an insightful AMA session with industry experts.
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#CRYPTONEWS: Significant Movements of Dogecoin (DOGE) Detected Among Crypto Whales
#Blockchain-monitoring platform Whale Alert has reported large #Dogecoin transactions totaling 776,351,068 DOGE, worth $48.47 million. The transactions were conducted with minimal fees, highlighting the efficiency of the network.
The largest Dogecoin transaction in the past day involved a #crypto whale transferring 308,390,532 DOGE, worth $19.22 million, from #Binance to an unknown wallet. The cost of this massive relocation was virtually nothing.
In another significant move, a whale shifted 253,419,377 #DOGE, worth $16.05 million, from retail #trading platform Robinhood to an unknown wallet, paying only about $0.28 for the transaction.
Next, a large Dogecoin holder relocated 129,673,539 DOGE, worth $7.90 million, from #Robinhood to an unknown wallet, incurring a fee of just $0.57.
Additionally, Whale Alert witnessed the movement of 84,867,620 DOGE, worth $5.30 million, from an unknown wallet to Robinhood, with the whale paying less than $0.10 to relocate the #funds.
On August 18th, #Dogecoin hit a monthly low of $0.059 amid the broader #crypto sell-off. As of the time of writing, DOGE has bounced back and is trading at $0.064.
Curious about #NFT Art?
In our latest #blog, we explore the rise of non-fungible tokens and how artists can gain exposure, constant royalties, and access to a booming industry. Dive into the world of #NFTs!
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Investing in #crypto?
Our latest blog post highlights 10 #cryptocurrencies with exciting prospects in 2023. Take a closer look at the pros and cons of each and evaluate your #investments.
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