To take advantage of the Web3 potential in Dubai, Solana Foundation, the non-profit behind the layer-1 blockchain Solana, has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the biggest free trade zone in the United Arab Emirates. According to the announcement, Solana will be able to provide
October 16, 2023 2 mins read
Recently, the Australian government announced its intention to license cryptocurrency exchanges as a means of regulating the digital asset market. The policy shift has consumer protection and innovation in the crypto sector as its stated goals. Concerns have been raised by certain exchanges, however. On October 16, the Australian Treasury
October 16, 2023 1 min read
Recent statistics indicate that widespread use of XRP is still in its infancy, with over 3.6M wallets holding less than 500 XRP. Nonetheless, around 17% of all XRP wallets were established since the beginning of 2023, suggesting growing interest. When compared to the previous value of $7.16 billion in October
October 14, 2023 1 min read
Investors have suffered heavy losses as a result of recent crypto market movements. The price of Bitcoin and several other cryptocurrencies has fallen recently due to concerns about geopolitical unpredictability and lackluster US macroeconomic statistics. IntoTheBlock, a blockchain data research company, says that the Ethereum network has entered a new
October 14, 2023 2 mins read
A significant hearing in the continuing legal battle between Binance, and the US SEC is likely to unfold today. The action has entered a pivotal point. And Judge Amy Jackson has issued several orders to clear outstanding motions. Including an amicus brief submitted by USDC issuer Circle. Multiple rulings clearing
October 12, 2023 2 mins read
According to statistics from DefiLlama, the TVL on decentralized finance (DeFi) projects fell by 30% year over year, reaching a low of $36.95 billion. The crypto sector as a whole is facing severe bearish sentiment. While the year began off well for DeFi projects with a high point of over
October 12, 2023 2 mins read
The escalating Hamas-Israel confrontation is having repercussions beyond the realm of politics. There are also indications of trouble in the cryptocurrency sector. Bitcoin and other cryptocurrencies are already feeling the heat. Traditional equity investments have seen a decline in popularity among investors. The trend now is clearly towards safer assets
October 11, 2023 2 mins read
With the growth of Amazon Web Services’ startup accelerator programs, the Web3 gaming platform Immutable has teamed with AWS to increase its choices for game makers. In a blog post published on October 10th, Immutable announced that Amazon Web Services (AWS) has accepted the company into its ISV (independent software
October 11, 2023 2 mins read
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
October 10, 2023 2 mins read
Bitcoin’s growing preeminence over other cryptocurrencies such as Ethereum is highlighted by recent market statistics. Yesterday, there was a significant drop in the value of altcoins, which include all cryptocurrencies other than Bitcoin. As a result of this sell-off, ETH has hit fresh lows against Bitcoin. Since the beginning of
October 10, 2023 2 mins read
