The Virtual Asset Regulatory Authority (VARA) in Dubai has issued a full operating license to Nomura’s cryptocurrency joint venture Komainu, which also includes crypto businesses CoinShares and Ledger. The government of the UAE is encouraging crypto startups by providing funding and enacting laws that are friendly to the industry. Provisional
August 22, 2023 1 min read
The crypto market has faced severe selling pressure for the last few days. The price of Bitcoin declined all the way to the $25,000 range. At the time of writing the price has been trading in a confined range. During the severe crash, the majority of altcoins have also lost remarkably,
August 22, 2023 2 mins read
Several applications for Ether futures ETFs are expected to be approved simultaneously by the U.S SEC, according to WSJ, citing persons familiar with the subject. There has been a deluge of applications to the SEC since July, with some financial companies asking to combine futures Bitcoin and Ether strategies. The
August 21, 2023 1 min read
Although Bitcoin’s price has dropped recently and there have been rumors that the euphoria around Bitcoin NFTs has faded down, ordinary inscriptions remain in control of network activity as per recent statistics. Ordinals developer “Leonidas” said on August 21 that out of Bitcoin’s 530,788 transactions in the previous day, 450,785
August 21, 2023 1 min read
According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of
August 19, 2023 1 min read
On Friday, a day after the court stated that the U.S SEC may present its argument, the regulatory agency filed for permission to appeal the judge’s judgment that XRP sales via exchanges did not violate securities legislation. The filing read: “The rulings that the SEC seeks to appeal were legal
August 19, 2023 2 mins read
Despite its fast expansion and widely dispersed remote workforce, little is known about Binance, the biggest cryptocurrency exchange in the world. Binance continued to be a key participant in the cryptocurrency industry in 2022, despite the bear market, with an average daily trading volume of $65 billion. A lot of
August 17, 2023 2 mins read
The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been
August 16, 2023 1 min read
Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses
August 16, 2023 1 min read
One month prior, the price of XRP almost doubled in a short span of time, and this was likely due in large part to developments in the Ripple vs SEC lawsuit. However, the US SEC had recently submitted an interlocutory brief, suggesting that it intends to appeal a previous judgment
August 15, 2023 2 mins read
