2024 in review: The UAE crypto legal chronicles

Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions.

Monday, Dec. 3 — Crypto markets have today again taken a major downturn, with all of the major coins by market cap seeing significant losses of within a 4 and 10 percent range, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has dropped below the $4,000 price point, down about 7 percent on the…

Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset…

Bitcoin’s weekly close above a key support level is “good news” according to traders, and today’s rally to $57,500 could be a sign that the bottom is in.

The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

Could their partnership with a new age guru save lives? Hashgraph has partnered with the Chopra Foundation to develop a mental health platform that they hope will scale to 1 billion users within five years. The platform's initial focus will be on suicide prevention, though they hope to eventually turn it into a broader mental…

The U.S. Commodity Futures Trading Commission (CFTC) has filed a suit against two defendants for the allegedly fraudulent solicitation of Bitcoin (BTC), according to an official press release published on Friday, September 28.The CFTC’s complaint — filed in the U.S. District Court for the Northern District of Texas — charges the two defendants with running…

Fantom’s FTM asset has been one of the top trending tokens of the week, and it barely noticed Bitcoin’s (BTC) midweek swoon that halted many altcoin rallies. Despite Bitcoin’s price dropping below $43,000, FTM has added 114% in U.S. dollar terms and 127% in its BTC pair over the last seven days. FTM’s monthly stats look…