UAE regulations may ban crypto payments, warns lawyer

Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for…

The city of Paris — the capital of France, renowned for its affinity for romanticism, historical architecture and acquired palate for culinary delicacies — played host to the two-day Paris Blockchain Week Summit this week. The event saw the participation of the industry’s leading figureheads and over 3,000 crypto enthusiasts. Held at the Palais Brongniart, the…

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. 363 Total views 5 Total shares The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few

Bored Ape Yacht Club (BAYC) creators Yuga Labs has announced a new NFT collection on Bitcoin dubbed “TwelveFold.” The move was announced via Twitter on Feb. 28, with Yuga Labs unveiling 300 tokenized computer generated artworks as part of the TwelveFold collection that will go up for auction later this week. Introducing TwelveFold. A limited…

A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange. 115 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with…

The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion mark. At the same time, an increased demand for such applications among users and developers makes it a target for bad actors, given…

Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said. 347 Total views 7 Total shares Cryptocurrency exchange Binance.US has updated its terms of service, hinting that direct withdrawals in United States dollars are no longer supported on the platform.Binance.US updated

The company confirmed its bet on the crypto space with its latest investment partners. 173 Total views 10 Total shares Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel…

On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March's 26 expiry, which took place as Ether price plunged 17% in 5 days and bottomed near $1,550. However, Ether rallied 56% after March's options expiry, reaching…