COINDESK DAILY: AI-Linked Tokens Surge on Nvidia Hype; Nigeria's SEC Cracks Down on Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 March 2024
⏱️ 2 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry from the surge in AI tokens to Nigeria's new regulatory guidelines.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the 25% surge in artificial-intelligence tokens over the past 24 hours, according to data tracked by CoinGecko. Plus, Nigeria's SEC updates guidelines for crypto firms in an attempt to stop "criminal activities." And, the latest announcement from Hong Kong’s Central Bank on a wholesale CBDC project.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Crypto AI tokens are in focus. New data from Coin Gecko shows that the artificial intelligence |
| 0:07.2 | token category rallied 25% in the past 24 hours, while Bitcoin saw gains under 1%. Tocons like FET, |
| 0:15.9 | which is from Fetch AI, render and Singularity Nets AGIX are searching on speculation that a crypto product |
| 0:23.0 | will feature at an NVIDIA conference later this month. The inflows into AI tokens have put the |
| 0:29.1 | breaks on multi-week rallies for meme coins. Invidia's event will be held from March 17th to 21st. |
| 0:36.8 | Moving over to Nigeria now, |
| 0:38.8 | where the country's SEC has started a fresh crackdown on crypto firms, |
| 0:42.8 | reportedly blocking access to several exchanges, |
| 0:45.4 | including Binance, Coinbase, and Cracken. |
| 0:48.0 | The securities watchdog is updating guidelines for crypto service providers |
| 0:51.4 | to block criminals from engaging with capital markets. |
| 0:54.5 | That's according to media reports. In the past two weeks, reports also emerged that Nigeria's |
| 0:59.0 | government demanded $10 billion from Binance in penalties for enabling untraceable funds to be |
| 1:05.3 | processed in the country. And Hong Kong Central Bank announced the start of a new project called Project Ensemble, |
| 1:12.4 | a wholesale CBDC sandbox for research and testing tokenization use cases. |
| 1:17.6 | Hong Kong has been exploring wholesale CBDCs since 2017 |
| 1:21.4 | and officially began researching a retail CBDC in 2021. |
| 1:26.4 | The Hong Kong Monetary Authority said that project ensemble |
| 1:29.5 | will seek to explore innovative financial market infrastructure that will facilitate seamless |
| 1:34.5 | interbank settlement of tokenized money through WCBDCs, which stands for wholesale, |
| 1:41.5 | central bank, digital currency. That's a wrap for CoinDesk Daily. |
| 1:45.6 | Get more updates on CoinDesk.com and we'll see you next time. |
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