Next-generation cryptocurrency exchange MaskEX has announced that it has acquired preliminary authorization from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin preparing for its debut in the United Arab Emirates (UAE). The clearance signifies a significant step forward for MaskEX in its efforts to extend its footprint in the Middle East and provide the advantages of virtual assets to a ...
As the crypto space continues to grow, global regulators, including central banks, have been seeking to regulate their use. While some governments have been very crypto-friendly, the same cannot be said for Ireland and its central bank. On May 5, the central bank of Ireland published a blog post on recent developments related to crypto regulation and steps the bank ...
Amid a bearish momentum on the larger part of the cryptocurrency industry, the sector has wiped over $20 billion from its market capitalization in a single week, extinguishing hopes of reclaiming the $2 trillion level any time soon and fueling fears that it could drop below $1 trillion instead. Specifically, the cryptocurrency market cap at present stood at $1.14 trillion, ...
As the cryptocurrency market continues its sideways trading, Bitcoin (BTC) is leading the bearish charge, forming a ‘textbook’ example of the head and shoulders pattern that indicates more pain could be in store for the flagship decentralized finance (DeFi) asset. Specifically, Bitcoin had started the formation of the ‘left shoulder’ in early April, followed by the ‘head’ in late April ...
This is an Op-Ed piece by Enrico Rubboli, Mintlayer CEO. The Bitcoin network has been whipped into a frenzy by a new token standard known as BRC-20. But amid the hype and excitement it has unleashed, I’m deeply concerned that this new breed of crypto assets is going to drag Bitcoin deep into the mud. If you’re unfamiliar with BRC-20, ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Although the price of Shiba Inu (SHIB) has been suffering a decline over the past several weeks, along with the rest of the cryptocurrency sector, optimism still runs high, and the crypto community is expecting a recovery by the ...
Daniel Risch, the Prime Minister of Liechtenstein, recently said that the country’s government is considering accepting Bitcoin (BTC) as payment for official services. Risch says the plan calls for instant conversion of any cryptocurrency received for Swiss francs. This is done in order to reduce the dangers associated with exchange rates. As stated by the Prime Minister, the franc is ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Although the price of XRP has been dropping in the past few weeks, the community’s optimism remains, particularly against the backdrop of a widely publicized legal standoff between the United States Securities and Exchange Commission (SEC) and blockchain company ...
Ripple’s long-standing battle with the Securities and Exchange Commission (SEC) is yet to be resolved, but it seems that does not prevent the blockchain firm from focusing on its growth. Enterprise blockchain and payment firm Ripple is expanding into Dubai, as announced by the company’s CEO Brad Garlinghouse on May 8 on Twitter. “As I just shared on stage at ...
On this day in 2009, a Reddit user posted the first-ever thread on Bitcoin (BTC), titled “Bitcoin: A peer-to-peer network based anonymous digital currency.” The thread links to Bitcoin’s page on SourceForge, a web community where users post their open-source projects. The Reddit thread has 280 upvotes and 241 comments. Reddit users initially expressed mixed feelings toward Bitcoin, with some ...
