The United Arab Emirates (UAE) has granted eToro a Financial Services Permission (FSP) license, allowing the global trading and investing platform to begin operations. The Abu Dhabi Financial Markets Authority (ADGM), located in the capital of the UAE, is a worldwide financial hub. They granted eToro Financial Services Permission (FSP),
The crypto hedge fund Nine Blocks Capital Management claims to be the first to get a license from Dubai’s Virtual Assets Regulatory Authority (VARA). On Monday, the hedge fund also announced that it will be relocating its worldwide headquarters to Dubai. Nine Blocks co-founder Henri Arslanian stated: “I think what’s
Coinbase stock price has hit a new all-time high for the year, surpassing levels not seen since May of 2022. According to MarketWatch, Coinbase increased significantly, from $77 at the beginning of the month to $116.93. It has reached its highest price since the middle of 2022. Compared to 2021,
Richard Teng, Binance’s newly selected CEO, has recently provided briefings in which he discusses the exchange’s strategic actions and his own activities. His most recent post on twitter, however, provides insight into the exchange’s goals in the dynamic Web3. Notably, Teng defines Binance’s dedication to users and cooperation inside the
In a week marred by legal upheaval, Binance, the world’s largest cryptocurrency exchange, found itself embroiled in an event that reverberated across global financial spheres. The exchange was hit with criminal charges alleging violations of sanctions and money transmitting laws, culminating in a historic $4.3 billion settlement with the U.S.
The US Commodity Futures Trading Commission (CFTC) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized. On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has demonstrated remarkable resilience in recent days. Amidst broader market uncertainty and fluctuations, ETH showcased a bullish rebound, defying the downward trend that affected several other coins. Over the past 24 hours, ETH surged by 4%, clawing back from recent losses and
According to JPMorgan, the latest agreement between Binance and U.S. regulators bodes well. Binance’s protracted legal struggle has finally come to a close, and it’s being hailed as a major victory for the cryptocurrency sector as a whole. For the crypto behemoth and its investors, this means less uncertainty moving
BTCC is a leading global crypto exchange that offers trading across hundreds of coin pairs and tokens. Recently, they added a new feature that allows users to link their Metamask wallets with their BTCC accounts. For those unfamiliar, Metamask is a popular Ethereum and Web3 wallet that allows users to
Market Overview Derivatives trading has become an indispensable part of the crypto landscape.The perpetual contracts market share significantly increased within the derivatives market even on-chain. The development of on-chain derivatives trading protocols has been going in two main directions. One follows the traditional Centralized Exchange (CEX) order book model, where
