Binance, the leading digital asset exchange, has made history by becoming the first exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement is particularly significant as Binance faces regulatory challenges in various European countries. With the Operational MVP license, Binance FZE, the Dubai subsidiary, can
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The world of cryptocurrency has witnessed a new phenomenon with the rapid rise of meme coins. Among them, BALD coin has emerged as a viral sensation on the Coinbase Layer 2 Blockchain. Unbelievably, its price has skyrocketed by more than 3 million percent, reaching an astounding 4 million percent at its peak. As if that
The cryptocurrency market is evolving at an astonishing pace, with new innovations and technologies constantly reshaping its landscape. One such innovation that holds tremendous potential is the concept of liquid staking tokens (LSTs). As the name suggests, LSTs have the ability to transform the traditional staking process by introducing liquidity to previously illiquid assets. Eth2.0,
Cybercriminals are constantly adapting their methods to maximize their chances of success. As ransomware attacks lose their appeal due to businesses refusing to pay the ransom, malicious entities are turning to a more covert strategy: cryptojacking. By harnessing stolen computing power, these criminals engage in cryptocurrency mining without the knowledge or consent of the device
Bitcoin (BTC) has been trading within a tight range in recent days, indicating a consolidation phase for the cryptocurrency. This is a minor positive for Bitcoin as the range has formed near the recent local high, suggesting that the bulls are still holding on and anticipating an upward move. However, it’s worth noting that Bitcoin’s
In a significant development for the cryptocurrency industry, a key United States House panel has approved two bills that aim to provide regulatory clarity to crypto firms operating in the country. The first bill, known as the Financial Innovation and Technology for the 21st Century Act, establishes rules for crypto firms regarding registration with either
Amidst a lack of bullish signals in the market, Shiba Inu (SHIB) experienced a significant 6% increase over the past day, driving its monthly gains to almost 12%. This surge can be attributed to the recent launch of the Shibarium Beta Bridge, which is part of the Shiba Inu project’s ambitious roadmap to transform into
The price of Worldcoin (WLD) made a volatile debut across mainstream cryptocurrency exchanges. It initially soared nearly 6% to $2.35 on July 29 but quickly plummeted, ending up down 70% from its market debut peak of $7.50. This extreme price fluctuation highlights the unstable nature of the token’s initial launch. After the initial turbulence, the
In recent years, the rapid growth of the digital asset industry has raised concerns about regulatory oversight and consumer protection. Recognizing the need for clarity and innovation in this evolving landscape, the House Financial Services Committee has advanced several pieces of legislation. These proposed bills aim to address critical issues surrounding digital asset regulation and
In the rapidly growing web3 industry, Launchpad XYZ stands out by offering more than just trading services. This crypto-startup aims to create a seamless and user-friendly platform that unites various components of the web3 ecosystem. Unlike other cryptocurrency platforms, Launchpad XYZ takes an unbiased approach in presenting opportunities, from NFTs to play-to-earn gaming and beyond.
The cryptocurrency exchange, Crypto.com, has recently made significant strides in its global expansion efforts. The company has been actively collaborating with regulatory authorities in various countries to secure approvals and authorizations. In a notable achievement, the central bank of the Netherlands, De Nederlandsche Bank (DNB), has granted Crypto.com regulatory approval as a provider of digital
The United States Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce recently expressed her concerns regarding the regulator’s approach to transparency in the cryptocurrency industry. In a tweet on July 27, Peirce questioned why the SEC wants to discourage good-faith efforts to provide more transparency for the crypto scene. Her comments were in response to
The year 2022 proved to be a challenging one for Cosmos and its vision of inter-blockchain communications (IBC). Multiple setbacks, including the collapse of the Terra Luna ecosystem, internal tensions among co-founders, and a decline in token price, have cast doubt on the future prospects of the network. However, despite these challenges, projects such as
Worldcoin, a proof of humanity protocol, recently released its audit reports conducted by security consulting firms Nethermind and Least Authority. These reports come at a time when criticism of Worldcoin’s data collection practices continues to mount. In this article, we will delve into the findings of the audit reports and explore the implications for the