UAE central bank approves licensing system for stablecoins

The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. 538 Total views 10 Total shares Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and…

The Supreme Court of Israel has declared that Leumi Bank cannot block the cryptocurrency exchange Bits of Gold’s account on the grounds of regulatory concerns, according to a report by Finance Magnates on June 3.Despite the Supreme Court’s ruling against Leumi, the bank reportedly maintains its stance against dealing with the exchange. The report notes,…

On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside.EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in…

The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens. 401 Total views 5 Total shares Own this piece of history Collect this article as an NFTEthereum layer-2 scaling solution Arbitrum's upcoming "ARB" token Airdrop appears to have become a popular target for scammers, with the…

Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and…

Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. 3397 Total views 4 Total shares Bitcoin (BTC) spending over three weeks in the $30,000 range is proving a crucial test for one of its best-known price models.As noted by Philip Swift, co-founder of trading suite Decentrader on…

Despite tough times for the industry, the blockchain MOBA game reached 200,000 downloads after just two months. 133 Total views 1 Total shares Own this piece of history Collect this article as an NFTAmid a drastic decline in coin prices, shifting player behavior and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers.…

Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China's goal in…