The Ledger: Coinbase quits India, Ethereum developer sentenced and more

It all started with Coinbase making a surprise debut in India, enabling a payment option for crypto-keen consumers in the country only to pull the plug in a bizarre fashion only days after.

It seemed that Coinbase and one of its local partners had spoken at cross-purposes when introducing a payment option that was supposed to facilitate onboarding. No further information has been offered as to what caused the miscommunication.

In any event, a Pennsylvanian senator earlier this week announced that they were pushing ahead with stablecoin regulation which could see the Keystone State become the latest to try to normalize some form of cryptocurrency ownership or business.

The move is aimed at introducing a cryptocurrency that eliminates the common risks associated with the sector, such as excessive volatility which has challenged the adoption of crypto outside of places such as El Salvador.

UFC fighters may not be too crypto-savvy but they will need to become so, quick. The Ultimate Fighting Championship announced earlier this week that it would seek to reward its fighters with crypto, specifically Bitcoin, facilitated by a partnership with Crypto.com. In the meantime, the question of what makes people invest into crypto turns out to be pretty self-evident.

According to a study conducted by the Sydney Morning Herald, people who show psychopathic tendencies are far more likely to jump on the crypto investment bandwagon. The newspaper took a look into the dark triad that is usually attributed to people with anti-social and psychopathic tendencies.

While the conclusions are a little forced, they do show some interconnection between individual character traits when applied to what drives people to buy cryptocurrencies for example.

After a prolonged court battle, Virgil Griffith, one of Ethereum’s founders, has been sentenced for conspiracy to violate the International Emergency Economic Powers Act. Griffith will have to spend 63 months in prison and pay a $100,000 fine. He has been in custody since 2019 when he was originally arrested.

Meanwhile, the world’s desire to adopt more crypto has not slowed down as Robinhood added four new tokens earlier this year. The company has been pushing aggressively in the space and has not slowed down despite the current recession in the price of cryptocurrencies, with most losing their value from their all-time highs earlier this year.

Crypto has proven an important component of supporting international crisis and seeking their resolution. For example, crypto donations topped $100m to Ukraine this week.

If you want to spend the weekend away from the world’s problems, we recommend doing so with Bitcasino, 1xBit or FortuneJack.

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Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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