Abu Dhabi is taking significant steps towards regulating fiat-referenced tokens (FRTs), a specific type of stablecoin. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) introduced a proposed framework on August 20. It aimed at overseeing the issuance and operation of FRTs. FRTs are digital assets
TON and TRX have been standout performers in the crypto asset class recently. Current market structures suggest an altcoin dominance, potentially leading to significant gains for both tokens. Conversely, DIGI has consistently drawn bullish sentiment from analysts, who predict it will outshine both TON and TRX as altcoin dominance fuels
This week, the global cryptocurrency market has shown signs of recovery, with many tokens displaying positive price movements. However, the Fear and Greed Index remains at 45, indicating a neutral market sentiment. Despite this, the global crypto market cap has decreased by 1.59% to $2.1 trillion, and the total market
A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored in the vault of Maker, a decentralized finance (DeFi) protocol built on Ethereum. However, the ownership of
Ethereum has had a tough month, witnessing a 26% decline over the past 30 days, with its price dipping below the $2,111 range. Currently, the second-largest cryptocurrency is trading at $2,579, reflecting a 3% decline, and its trading volume is down by 2%. Despite this downturn, whale activity and network
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
AAVE has defied the market’s turbulence with a 36% surge over the past seven days. It recently reached a five-month high of $143. As of now, the token is trading at $135.98, reflecting a 5% increase in the last 24 hours. During the same period, trading volume has risen by
In the past few months, within crypto regulations, there have been numerous reports of advancements and lawsuits. While leading cryptocurrency firms such as Coinbase and Ripple battled with the SEC, other institutions also encountered legal issues. Recently, Ikigai Strategic Partners, a cryptocurrency fund was found to have mismanaged Bitcoin loans
Market experts and leading fund managers believe that Ethereum (ETH) is set to experience a significant price rally after the recent approval of the Ethereum ETF. Hence, the latest Ethereum price predictions have inspired numerous crypto traders to invest in Ethereum-based tokens such as RCO Finance (RCOF) and Aave (AAVE).
DOGS token, a Ton-based memecoin born within the Telegram community, is set to debut on the Binance platform. On 20th August 2024, an announcement from the Binance official website revealed the new cryptocurrency listing. It introduced DOGS token as their 57th project on the Binance Launchpool project. This development marks
