2024 in review: The UAE crypto legal chronicles

December 20, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

2024 cemented the UAE’s status as a global crypto hub as its landscape changed substantially with new stablecoin regulations, tax exemptions and stricter marketing rules.

The U.S. Securities and Exchange Commission (SEC) has rejected the application for a Bitcoin exchange-traded fund by brothers Tyler and Cameron Winklevoss, according to a release published by the SEC Thursday, July 26. Bats BZX Exchange, Inc. (BZX) filed a proposed rule change with the SEC to allow it to list and trade shares of…

Total crypto market cap shows strength even after the Merge and Federal Reserve rate hike

Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the 3-month-long ascending trend.The crypto markets' aggregate capitalization declined 7.2% to $920 billion in the 7…

As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries

With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff. In the past week, team members from no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load Yearn.Finance strategies place…

MiCA can attract more crypto investment despite overregulation concerns

European retail investors will likely feel the biggest effect of the MiCA regulations through more stringent data collection and the potential introduction of crypto taxation laws.

Rock on, Gibraltar: Pro-crypto regulation pulls Binance and big players

Gibraltar's 6.8km2 territory houses 35,000 people and several large international crypto companies. The British Overseas Territory of Gibraltar, ruled by the United Kingdom and an important gateway to Europe, is an attractive jurisdiction for distributed ledger technologies (DLT) or simply crypto.The world’s largest cryptocurrency exchange, Binance, is now hiring for four roles in the “Rock…

Disney launches NFT platform with Dapper Labs

The NFT platform, dubbed Disney Pinnacle, will go live later this year. 443 Total views 3 Total shares Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs.According to the Nov. 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace, dubbed Disney

Bithumb ex-chairman could face 8 years prison over alleged $70M fraud

The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found guilty. 308 Total views 9 Total shares The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence…

Binance’s crypto Visa card is now available all across EEA countries

Binance is aggressively pushing its new crypto debit card. The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe.According to a Tuesday blog post, the Binance Visa Card is now available to everyone in European Economic Area, or EEA, countries.To celebrate the launch in Europe, Binance is offering…

Pentagon concludes pilot program using chatbots for military medicine

As part of the pilot, over 200 clinical providers and healthcare analysts helped identify potential vulnerabilities when using AI chatbots for military medical applications.

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