Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

Canadian entrepreneur and software engineer Joseph Lubin helped spearhead the development of the open-source smart contract blockchain platform that came to be known as Ethereum. Lubin has long believed that this technology could serve “as an organizing principle for earth, the world, the planet.”As one of the wealthiest and most influential public figures in the…

2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance. On Dec. 31, Bitcoin options open interest reached an all-time high of…

Starting in 2013 with a supply limit of 100 billion coins, Dogecoin eventually switched to an uncapped supply. 1487 Total views 9 Total shares The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE).Brad Garlinghouse believes that DOGE is not good for the cryptocurrency…

Pendle Finance and Notcoin recently experienced roughly 58.6% and 400% price growth, respectively and are thus among the recent top performers.

The World Bank and Commonwealth Bank have successfully enabled secondary market trading of a blockchain bond, the institutions confirmed in a press release on May 15.The bond, known as bond-i, uses the Ethereum (ETH) blockchain and was the first in the world to leverage the technology fully when it debuted in August last year.Now, a…

After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley dives deeper into crypto. 1211 Total views 29 Total shares Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division.The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its…

There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product. 949 Total views 192 Total shares Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, Eurex, an announcement confirms.In a press release issued on Tuesday, digital…

Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project.Zuckerberg grilled by Democratic lawmakersAccording to an article by the Washington Post, on Sept. 19, the Democratic Senator Mark R. Warner said that during a Sept. 18 dinner with Democratic lawmakers,…

A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual. 516 Total views 2 Total shares Own this piece of history Collect this article as an NFTFollowing his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do…