EU releases crypto-asset classification tools to help firms comply with MiCA

This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.

Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC.Keiser announced his latest views in a Twitter post on Aug. 6:“#Bitcoin dominance 68.2% — heading to…

Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12.  This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national…

The projects co-founders Riewe and Letey are youthful entrepreneurs, aged 21 and 16 respectively. 440 Total views 16 Total shares Data archiving protocol, KYVE, has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures, and participated by a vast collection of crypto projects and individual angel…

Billionaire investor Ray Dalio believes Bitcoin is a better buy than bonds. 10422 Total views 9 Total shares Billionaire investor and famed hedge fund manager, Ray Dalio, has stated he would prefer to purchase BTC over bonds during a recent interview at crypto conference Consensus.Speaking on May 6 in an interview that was aired on…

Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022. 663 Total views 24 Total shares Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum.Sygnum officially announced Thursday that it closed a…

MakerDAO, the Decentralized Autonomous Organization (DAO) behind the DAI stablecoin, announced a critical security update to its governance contract in a Reddit thread published on May 6.Per the announcement, during the second round of security audits part of the DAO’s partnership with crypto exchange Coinbase and smart contract security startup Zeppelin, a critical vulnerability had…

Will the oil cartel put black gold on the blockchain? The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference.This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed.However, it is unlikely…

The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address.The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according to data from monitoring resource Bitinfocharts.Top…