The Abu Dhabi Global Market (ADGM) is the next stop for Binance’s cryptocurrency custody services. In Abu Dhabi, the Financial Services Regulatory Authority (FSRA) has approved the world’s largest cryptocurrency exchange granting financial service permission (FSP). In accordance with the terms of the license, Binance will be able to provide
After the cryptocurrency exchange Coinbase was granted approval after submitting an amicus brief in favor of the defendants, the price of Ripple’s native token, XRP, spiked. More amicus briefs have now been filed in support of the Summary Judgment motion. Because of this, whales have been increasing their holdings of
In the last 24 hours, Uniswap has seen more trading volume in Ethereum than any other exchange, second only to Binance. As a result of the unexpected and catastrophic collapse of FTX, traders are moving in droves to DEXs. Recently, Uniswap surpassed all others as the second-biggest market for Ethereum
Liquid, a cryptocurrency exchange, said today that it will be suspending all withdrawals. The Liquid team has asked users to hold off on making deposits until further notice. The exchange tweeted: “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11
Following the FTX led effect through the cryptocurrency ecosystem, crypto lending company SALT announced today that it is suspending withdrawals. SALT CEO Shawn Owen stated: “The collapse of FTX has impacted our business. Until we are able to determine the extent of this impact with specific details that we feel
Records recently made public indicate that the global entertainment powerhouse Sony filed for a patent in 2021 on a method to keep tabs on in-game digital assets utilizing blockchain technology, more precisely NFTs. On November 10, 2022, the patent was made public. Furthermore, the success of PlayStation, a line of
The FTX Empire’s demise left many in the cryptocurrency community shocked. The crypto lending platform BlockFi was also impacted by FTX’s collapse. In the middle of the mayhem, BlockFi suspended withdrawals. Users were notified on November 11 that the New Jersey-based exchange will be restricting platform activities. BlockFi recently expressed
Circle, the issuer of the USDC stablecoin pegged to the US dollar, has introduced support for Apple Pay in an effort to bring the crypto and conventional payment systems closer together. In a blog post published on November 15th, Circle made the news and projected that it may increase sales
The dilemma around cryptocurrency is increasing, and the use of Central Bank Digital Currency “CBDC” is surging on more countries’ soil. To weigh this, New York has now been added to the list of the famed states that have been launching CBDCs. The Innovation Center of the Federal Reserve Bank
Ripple has teamed with MFS Africa, a leading fintech company with the largest mobile money reach in Africa, to streamline real-time mobile payments for its consumers across 35 nations. To facilitate transactions on its platform, MFS Africa will leverage Ripple’s on-demand liquidity product ODL, which uses XRP to support international
