Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor
With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network
Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,
It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will
On January 20th, major cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy. In the aftermath of FTX’s demise by filing for Chapter 11 bankruptcy protection in New York. The crypto community, however, is now more concerned about other businesses that were exposed to the lending organization.
On Tuesday, the Securities and Exchange Commission (SEC) of Thailand made public new regulations. For the administration of digital wallets for custody of digital assets and keys. Since January 16th, the new rules have been in place. The Thai SEC detailed the requirements for companies offering digital asset custody services
South Korea’s second-largest city Busan will launch the first decentralized digital commodity exchange in the world, where all goods will be tokenized and traded using blockchain technology. The announcement came as its earlier plan to pursue a city-backed cryptocurrency trading platform. However, according to a press release from the Busan
StorX Network ($SRX) is listed on Coinstore.com – a global cryptocurrency exchange with over 2,300,000 users allowing individuals and institutions to buy, sell, and trade over 1,000 cryptocurrencies. Significantly, Coinstore.com will offer the SRX community a simple buy/sell crypto feature for beginners, advanced cryptocurrency spots, and futures trading dashboards. The
John J. Ray III, the company’s newly appointed CEO, has said that he is looking at reviving the bankrupt cryptocurrency exchange. While also making good on debts to FTX’s customers and creditors. Former Enron restructuring Chief Ray has promised to investigate all viable options and implement the best ones. In
One of the most well-known DEX aggregators, 1inch Network, has now released its own multi-coin hardware wallet, further diversifying its ecosystem. The 1inch Foundation has funded the last phases of development of the cryptocurrency wallet, and it is scheduled to be on sale later this year. Hardware wallets, also known
