Standard Chartered begins UAE crypto custody services with BTC, ETH

Digital technologies are entering every aspect of our life at a steady pace. However, according to predictions from Huawei in collaboration with Oxford Economics, the digital economy is expected to comprise 24.3% of the world’s gross domestic product by 2025, giving it an astronomical valuation of around $23 trillion. Among the few innovative technologies leading…

The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown some traction. 553 Total views 33 Total shares Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their…

South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county. 3402 Total views 21 Total shares Kim Boo-kyum, recently nominated as Prime Minister by South Korea’s President Moon Jae-in, has said he will look into the country’s crypto tax law.According to a report by KBS World, the Prime Minister…

Going by the company’s communique, PayPal USD is designed for people who wish to avoid the volatility of other cryptocurrencies. PayPal is rolling out its own stablecoin, called PayPal USD (PYUSD). Per the announcement, the primary purpose of the PayPal stablecoin will be to make virtual payments frictionless, especially within blockchain ecosystems. The stablecoin, which…

The Eurasian Economic Commission, which serves as an executive body of the Eurasian Economic Union (EAEU), has prepared a report on cryptocurrencies to promote regulation in the area. Russian news agency TASS reports on the development on Monday, Jan. 28.The Commission's minister for integration and macroeconomics, Tatyana Valovaya, said that EEU — a political and…

The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.

Twitter's new owner, Elon Musk, appears to support the idea after vowing to cut down on the social media network's spam problem. 875 Total views 46 Total shares On Sunday, American entrepreneur Marc Andreessen posted a screenshot of what appears to be a Twitter user impersonating his name to promote a "free crypto" giveaway. "What…

The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it's in the last year or two that they've caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial…

The mining equipment firm, scheduled to go public via Nasdaq later today, is preparing for a massive expansion. 663 Total views 20 Total shares Major Chinese Bitcoin (BTC) mining equipment maker Ebang, which is reportedly getting listed on Nasdaq Global Market later today, is planning to expand its business by setting up a cryptocurrency exchange…