UAE central bank approves licensing system for stablecoins

The total market capitalization of the crypto space rallied from about $184 billion on Jan. 3 to a high of $250 billion on Jan. 19. That is a 35% gain within a short span of time. Usually, fast-paced rallies do not last long, hence, for the long-term health of the markets, it is better to…

Bitcoin (BTC) may not benefit from an influx of institutional traders, a senior executive at one of the industry’s best-known businesses warned.Wall Street and Unexchanged BitcoinsSpeaking in an interview on financial news network RealVision on Oct. 18, Meltem Demirors, chief strategy officer at asset manager CoinShares, said Wall Street involvement in Bitcoin was not a…

Chicago-based high-frequency trading firm Jump Trading has made an equity investment in sports fan token platform Chiliz. 1758 Total views 11 Total shares Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago…

While WeChat isn't as popular outside of China as WhatsApp, it is ubiquitous on the mainland. 99 Total views 25 Total shares WeChat, China's largest messaging app and one of the country's most popular payment services, will start supporting the Chinese government's digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital…

Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy, Chainalysis’ director of communications, the research…

Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology.LUNA currently sits in fourth place in total value locked (TVL)…

The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days.Total crypto market cap, USD billion. Source: TradingViewIn terms of performance, the aggregate…

Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised.The breach allowed hackers to gain access to Yabo-managed Algo hot wallet, a source familiar with the matter told Coindesk on Oct. 5.The…

A crypto mining botnet called Lemon Duck is spreading through Windows 10 computers, infecting users through fake Covid-19 emails. 1892 Total views 16 Total shares Since the end of August, cybersecurity researchers have identified increased activity on a crypto mining botnet called “Lemon Duck”.The botnet has been around since December 2018, however a big jump…