America’s largest cryptocurrency exchange Coinbase is considering the United Arab Emirates (UAE) as a potential strategic hub for its international operations. In a Monday blog post, Coinbase’s vice president for international and business development Nana Murugesan disclosed that the exchange is currently in talks with Abu Dhabi Global Market (ADGM) regulators to expand the licensing...Read More
Bitcoin’s blockchain was flooded with volume over the weekend by transactions involving so-called “BRC-20” Ordinals – an emergent standard for issuing fungible tokens on Bitcoin. The surge caused network fees to skyrocket to the point where transaction fee revenue for miners briefly surpassed the natural block subsidy for the first time since 2017. Meme Tokens...Read More
One of the leading cryptocurrency exchanges – OKX – intends to open an office in Türkiye in the following months. The company has already interacted with the Turkish market, launching direct deposits and withdrawals in the country’s official currency – TRY. It also put its name among the numerous crypto platforms that sent aid packages...Read More
The Prime Minister of Liechtenstein – Daniel Risch – said the local lawmakers plan to enable bitcoin payments for various government services. However, he did not disclose whether the country will adopt the primary cryptocurrency as a legal tender. Another country that has turned its focus toward BTC is Liechtenstein’s western neighbor – Switzerland –...Read More
Brian Armstrong, the co-founder and CEO of leading American cryptocurrency exchange Coinbase, believes the U.S. Securities and Exchange Commission (SEC) is on a lone crusade in the push for regulatory clarity in the country, as the agency’s stance on the matter is different from that of Congress and other federal regulators. During a Monday interview...Read More
Bitcoin price has recently been the talk of the town as the asset experienced a severe plunge today following Binance’s FUD. The leading digital currency is currently witnessing a downturn in sentiment following an unprecedented surge in transaction fees and a nearly 98% full mempool. However, enthusiasts and investors are eyeing a potential rebound soon,...Read More
[PRESS RELEASE – Amsterdam, Netherlands, May 8th, 2023] The Web3.Conference is the premier event to guide you around the fascinating world of Web3. Participants can explore, learn, network, and gain insights into the latest trends and use cases emerging within this new internet standard. With a lineup of famous speakers, industry leaders, marketers, developers, investors,...Read More
Certain traders have recently sold NFTs part of the Bored Ape Yacht Collection (BAYC) at a discount to invest in the now-trending memecoin – PEPE. The asset has been among the best performers in the crypto market lately, as its price has surged by over 600% over the last two weeks before cooling off in...Read More
[PRESS RELEASE – Singapore, Singapore, May 8th, 2023] TrueUSD (TUSD), a leading stablecoin provider, announced its intention to implement a plan for the international transition of its management services, reflecting an emerging industry trend of international expansion. Since its inception in 2018, TUSD has led industry innovation in the stablecoin sector with a strong emphasis...Read More
While the debate surrounding Ethereum’s high gas fees have been a major pain point, the latest spike comes amidst the PEPE memecoin hysteria that has put tremendous pressure on the network once again. Traders are paying thousands of dollars for a transaction as Ethereum’s gas fees surged above a one-year high. In the latest development,...Read More
Ever since September 2021, China has banned cryptocurrency transactions and heavily curtailed crypto mining operations. However, the ban has turned out to be, in practice, more of a general guideline. Since its implementation, Chinese policymakers have discussed crypto taxation. Furthermore, a court case from 2022 clarified that although locals are not allowed to use crypto...Read More
The crypto space yet again landed in deep trouble as the star crypto witnessed a massive plunge in the early trading hours. The price marked the intraday low at around $28,004 and slightly rose above these levels. While the plunge appears to have been triggered by a huge whale transfer which kept the Bitcoin network...Read More
Quarterly earnings reports are starting to pour in across the financial sector, and with them, updates on the state of crypto adoption across the industry. Although some companies are, understandably, still feeling the chill of crypto winter, even those are doing better than expected by analysts. In the case of firms with other priorities who...Read More
