Digital Assets
September 1, 2024
Unicorn News: The Latest in Digital Assets - September 01, 2024
Coinbase has successfully conducted its first AI-to-AI crypto transaction, marking a significant milestone in digital asset innovation. Additionally, the Nigerian SEC has advanced crypto regulation by granting new licenses to exchanges. Tune in for comprehensive coverage of these developments.
() Introduction
() Coinbase Pioneers AI-to-AI Crypto Transactions
() Nigerian SEC Advances Crypto Regulation with New Licenses
On August 31, 2024, Coinbase executed its first AI-to-AI cryptocurrency transaction, where an AI bot used crypto tokens to purchase AI tokens from another bot. CEO Brian Armstrong highlighted the significance of this milestone, noting that AI agents can now conduct transactions autonomously, which could revolutionize business operations by enabling instant, global, and free transactions. Separately, on August 29, the Nigerian Securities and Exchange Commission granted Approval in Principle to two crypto exchanges, Busha and Quidax, under its Accelerated Regulatory Incubation Program. Quidax also became the first cryptocurrency exchange to receive a provisional operating license from Nigeria’s SEC, allowing it to operate as a registered crypto exchange and collaborate with financial institutions, pending Central Bank approval. Quidax CEO Buchi Okoro expressed gratitude for the regulatory support and emphasized the company's commitment to innovation and compliance.
