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VARA’s CEO Predicts Boom in UAE Crypto Market Post FATF Grey List Exit
8.3.2024
Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), sees the Financial Action Task Force’s removal of the UAE from the grey list as a positive move, clearing the way for increased crypto-related investments.
The post VARA’s CEO Predicts Boom in UAE Crypto...
Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...
Crypto Wallet Provider SafePal Invests in Swiss Bank to Enable Banking Services for Crypto Users
7.3.2024
SafePal has made a strategic investment in Swiss bank Fiat24, aiming to provide users with a banking gateway to pay for expenses using digital assets and transfer funds to compliant banks.
The post Crypto Wallet Provider SafePal Invests in Swiss Bank to Enable Banking Services for Crypto Users...
Physical Bitcoin Worth Over $1 Million Presented At Auction Houses
7.3.2024
Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC). Both Stack’s Bowers Galleries and Heritage Auctions are presenting “physical cryptocurrencies” as part of their upcoming...
Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital Assets
7.3.2024
The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said
Ethereum Layer-2 Platforms Now Manage Over $36.7 Billion in TVL
7.3.2024
Ethereum layer-2 scaling solutions like Arbitrum, Optimism, and Base, now manage over $36.7 billion worth of assets in TVL.
The post Ethereum Layer-2 Platforms Now Manage Over $36.7 Billion in TVL appeared first on Cryptonews
Digital Assets Innovation Needs to Balance Decentralization and Security
6.3.2024
The immaturity of security controls in DeFi is a challenge for institutional adoption. Here’s how to address that
Crypto Asset Manager 21Shares Surpasses $5 Billion in AUM
6.3.2024
Crypto asset manager 21Shares has surpassed $5 billion in Assets Under Management (AUM) amid market rebound.
The post Crypto Asset Manager 21Shares Surpasses $5 Billion in AUM appeared first on Cryptonews
Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA
5.3.2024
Dubai's Virtual Assets Regulatory Authority (VARA) has awarded a virtual asset service provider (VASP) license to Bulgarian decentralized lending platform Nexo.
The post Crypto Lender Nexo Receives Initial Approval for Dubai License from VARA appeared first on Cryptonews
Deutsche Börse Launches Spot Crypto Platform for Institutional Clients
5.3.2024
Deutsche Börse, one of Europe’s biggest exchange operators, has officially launched a new regulated spot platform for crypto assets targeting institutional clients.
The post Deutsche Börse Launches Spot Crypto Platform for Institutional Clients appeared first on Cryptonews
Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets
5.3.2024
As the protocol evolves, new layers could emerge bringing new use cases and more users, the report said
Crypto Assets Under Management (AUM) Soar 27% to $66B in Feb on Bitcoin Strength
5.3.2024
Total crypto assets under management (AUM) soared by 27% to $65.66 billion in February, driven by rising Bitcoin prices and growing adoption of Spot Bitcoin ETFs in the US.
The post Crypto Assets Under Management (AUM) Soar 27% to $66B in Feb on Bitcoin Strength appeared first on Cryptonews
FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values
4.3.2024
The exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values.
The post FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values appeared first on Cryptonews
USDR Issuer Tangible Plans to Redeem Itself as a Layer-2 for Real-World Assets
4.3.2024
First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al
US Court Rules Crypto Trades on Secondary Markets as Securities Transactions
4.3.2024
In a pivotal insider trading case, a U.S. court has ruled that trading of crypto assets on secondary markets like Coinbase constitutes securities transactions, setting a new legal precedent.
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BlackRock Spot Bitcoin ETF AUM Hits $10B Overtaking the iShares Silver Trust
4.3.2024
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM).
The post BlackRock Spot Bitcoin ETF AUM Hits $10B Overtaking the iShares Silver Trust appeared first on Cryptonews
Bitcoin Withdrawals Near Record as Investors Pull $2 Billion from Exchanges
4.3.2024
Bitcoin exchanges recorded a near-record outflow of $2.3 billion, approaching the highest withdrawal rates seen in its history with least Bitcoin assets available in all platforms since 2018.
The post Bitcoin Withdrawals Near Record as Investors Pull $2 Billion from Exchanges appeared first...
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
4.3.2024
Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s...
UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
1.3.2024
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto
Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement
1.3.2024
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion...