The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions. The partnership led to the launch of a new digital asset management platform for residents of the United Arab Emirates (UAE). The initiative, pending approval from the Central Bank of the UAE (CBUAE),
August 19, 2024 1 min read
South Korean employees of the prominent crypto exchange, Upbit, are earning more than their equivalents at major banks. This is due to the booming cryptocurrency market. Recent data from the Financial Supervisory Service (FSS) reveals that the average salaries at Upbit’s operator, Dunamu surged to 133.73 million South Korean won
August 19, 2024 2 mins read
Australia’s financial markets regulator (ASIC) has launched a major effort to combat online investment fraud. ASIC has announced the removal of more than 7,300 scam websites in its first year of operation. The Australian Securities and Investments Commission (ASIC) revealed on August 19, 2024, that it has successfully dismantled 5,530
August 19, 2024 2 mins read
Despite withdrawals in early August, demand in spot Bitcoin exchange-traded funds (ETFs) based in the US has persisted. Despite outflows in prior weeks, spot Bitcoin ETFs had a total weekly net inflow of $32.58 million on Aug. 16, according to data from SoSoValue. Net outflow of spot Bitcoin ETFs hit
August 17, 2024 1 min read
The Indian cryptocurrency exchange WazirX has restored investor balances, almost one month after a huge hack shook the company and stole $234 million from users’ Safe Multisig wallets. Despite these developments, many customers are worried and angry since they do not know when they will be able to withdraw their
August 17, 2024 2 mins read
Investment advisors have significantly increased their holdings in Spot Bitcoin ETFs during the second quarter of 2024, while hedge fund investments have slightly declined, according to a recent Coinbase report. The proportion of institutional investment in Spot Bitcoin ETFs by investment advisors rose by 3% in Q2 2024. Investment advisors
August 17, 2024 2 mins read
Roman Sterlingov, the founder of Bitcoin Fog, a cryptocurrency mixer is challenging a potential 30-year prison sentence. It was followed by his conviction on multiple money laundering charges. In an August 15 filing with the U.S. District Court for the District of Columbia, Sterlingov’s legal team argued that the recommended
August 17, 2024 2 mins read
According to a filing made on August 16 with the U.S SEC, asset manager Franklin Templeton is planning to introduce a new exchange-traded fund (ETF) that would serve as a comprehensive cryptocurrency portfolio. According to the paperwork, the Franklin Crypto Index ETF will follow the CF Institutional Digital Asset Index’s.
August 17, 2024 2 mins read
Sam Altman’s Worldcoin is back in the news after forming a partnership with MIMOS Berhad, the applied research and development arm of the Malaysian government. Official statements from both organizations have been publicized today, announcing their partnership to promote digital proof of humanness across Malaysia. The country’s digital infrastructure is
August 17, 2024 2 mins read
On August 15, 2024, the International Monetary Fund (IMF) recommended a major increase in electricity taxes for cryptocurrency miners and AI data centers to address their carbon footprint. The IMF’s proposal suggests raising the electricity cost for crypto miners by 85%. They propose a tax of $0.047 per kilowatt-hour, potentially
August 16, 2024 2 mins read