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Search Results for: Cryptocurrency

Coinbase Secures Approval To Offer Crypto Futures Trading in U.S

The National Futures Association of the US CFTC has granted Coinbase Financial Markets, a futures commission merchant registered with the CFTC, approval to provide crypto futures trading to qualified consumers in the US. Despite a lawsuit by the US SEC, this is a huge win for Coinbase and the cryptocurrency

August 16, 2023 1 min read

Dogecoin (DOGE) Witnesses Metrics Reflecting Low Engagement

Dogecoin (DOGE), has recently captured attention due to a notable lack of enthusiasm among buyers. The prominent meme coin currently sits at a trading price of $0.07004, experiencing a retracement of 5.86% in the past 24 hours. The metrics surrounding Dogecoin tell a story of market indifference, especially when compared

August 16, 2023 1 min read

Qraft Technologies and Hex Trust Announce Strategic Partnership to Apply AI-Powered Risk Models in Digital Asset Investments

SEOUL & HONG KONG–(BUSINESS WIRE)–Qraft Technologies, a leading invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the leading institutional-grade digital asset custodian licensed across global financial hubs. With the signing of the Memorandum of Understanding (“MoU”), Qraft will develop digital

August 16, 2023 3 mins read

XDC Network’s 93% Surge Battles Bearish Undercurrents

XDC Network, a prominent cryptocurrency ranked among the top 50 by market capitalization, experienced a noteworthy surge of 4.26% within a span of 24 hours. However, it endured a challenging week, with its prices dropping by over 6.06%. Taking a broader view of the month, it exhibited an impressive surge

August 16, 2023 2 mins read

Uzbekistan Progresses Testing Crypto Regulations in Digital Sandbox

The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been

August 16, 2023 1 min read

Coinbase Utilizes Open Banking by Trustly for Canadian Expansion

SAN CARLOS, Calif.–(BUSINESS WIRE)–Today, Trustly announces its alliance with Coinbase as an integral part of its commitment to offer Canadians secure and simple account-to-account payments. With Trustly’s Open Banking Payments, Coinbase users can deposit and withdraw funds directly from their bank account from/to their crypto wallet. A robust regulatory framework

August 16, 2023 3 mins read

Bitcoin (BTC) Outperformed the S&P 500 in August

The popular analytics firm Santiment shared that the trading price of the world’s largest cryptocurrency, Bitcoin (BTC), has remained in a tight range of between $28K and $29K over the past few weeks. Yet, even with this bearish momentum, Bitcoin has outperformed the equities market S&P 500. The trading price

August 16, 2023 2 mins read

Dubai Offers 90% Subsidy on Licenses for AI and Web3 Businesses

Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses

August 16, 2023 1 min read

Binance Shuts Crypto Payments Within One Year of Launch

Binance, a major player in the cryptocurrency exchange arena, has declared the upcoming closure of its crypto payments platform, Binance Connect. The platform, previously named Bifinity, is set to be deactivated on August 16th. This action follows merely one year after its initiation in March 2022. The reason behind this

August 16, 2023 1 min read