The California Department of Motor Vehicles is testing nonfungible token (NFT) car titles. With NFTs, the DMV hopes to make the grind of title transfers and other administrative tasks faster, according to a CoinDesk report. NFTs are on a blockchain. Read More...
India’s Adani crisis spills over into street protests as losses top $110 billion
The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India’s opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout. Shares in billionaire Gautam Adani’s companies have been in free-fall since a Jan. 24 critical report by Hindenberg Research, with group cumulative market losses now topping $110 billion, sparking fears of wider financial contagion. Opposition parties, who last week called for a parliamentary panel to investigate the saga and disrupted proceedings, have questioned Indian Prime Minister Narendra Modi’s closeness with Adani.