Rain, a Middle Eastern cryptocurrency exchange, announced that its Abu Dhabi branch has been granted a license to provide brokerage and custody services for virtual assets in the UAE. Coinbase-backed Rain, located in Bahrain, has announced that its subsidiary in the Abu Dhabi Global Market financial freezone would soon provide
July 25, 2023 2 mins read
As of July 25, the Venom Foundation, a leader in the deployment of blockchain technology inside regulated markets, has registered more than one million registered wallets. Since the testnet for Venom was launched on April 26th, the historic feat has happened in a relatively short amount of time. The significant
July 25, 2023 2 mins read
The legislation governing the digital ruble has been approved and will go into effect on August 1, 2023, with the exception of one restriction. Article 3 is scheduled to go into effect in Russia in August 2024. Moreover, it amends various federal laws, notably those pertaining to bankruptcy and inheritance.
July 24, 2023 1 min read
According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether
July 24, 2023 2 mins read
Caitlin Long, CEO of Custodia Bank, asserts, “The law is very clear,” with the exception of the Fed’s involvement. She noticed Amsterdam-based Adyen among the first group of 35 financial institutions that were granted access to the new 24-hour payment system FedNow on Thursday. The financial technology business got a
July 23, 2023 1 min read
In an intriguing update, Cardano CEO and founder Charles Hoskinson discusses the recent addition of rollups to the network. The founder of Cardano was asked which project he was talking about when he mentioned rollups or a rollup strategy in two separate YouTube broadcasts this year. The sidechains project requires
July 23, 2023 2 mins read
El Salvador was the first nation to recognize Bitcoin (BTC) as legal cash, and this year the country’s bonds have seen gains of 60%, second only to Bitcoin’s 80%. The unexpected interest in the country’s national debt indicates a dramatic change in outlook towards the economy. A year ago, El
July 22, 2023 1 min read
Bitcoin has fallen back below the $30,000 barrier, depressing short-term investors who bought in during the recent Bull Run. Perhaps Bitcoin’s volatility is what attracted investors looking to hold for the long haul. Glassnode reports that the number of Bitcoins in circulation held by long-term holders has hit an all-time
July 22, 2023 2 mins read
Ahead of the highly-anticipated August release of the Layer-2 blockchain Shibarium, the Shiba Inu ecosystem’s governance token Bone ShibaSwap (BONE) has secured a listing on a prominent crypto exchange. The official Shiba Inu Twitter account announced the news to the crypto community at large. $BONE has landed on @Changelly_team 🚀Unleash
July 21, 2023 2 mins read
An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and
July 21, 2023 2 mins read
