UAE central bank to issue CBDC, promote digital asset growth
The United Arab Emirates plans to launch a central bank digital currency (CBDC), among other initiatives, to become a financial and digital payment hub.
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Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product
CEO Brian Armstrong said that the company will defend its staking services in court against claims that they need to be classified as securities.
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Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports
The U.S. SEC may sue the Paxos Trust Company for allegedly violating investor protection laws in its issue of the Binance USD (BUSD) stablecoin.
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Stablecoin issuer Paxos probed by New York regulator
Paxos Trust, the issuer of Binance’s BUSD stablecoin, is reportedly being investigated by the New York State Department of Financial Services (NYDFS).
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Weekly Market Wrap: Bitcoin retreats below US$22,000 after a record January. Is the strong start to 2023 reversing?
After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start…
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Markets: Bitcoin rises as Polygon gains most in top 10 cryptos
Bitcoin prices gained in Tuesday afternoon trading in Asia while Ethereum dropped with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
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NFTs inspired by K-drama Crash Landing on You coming from Crypto.com, Studio Dragon
Singapore-based cryptocurrency exchange Crypto.com has partnered with Korean drama distributor Studio Dragon to issue NFTs inspired by popular Korean drama series, including the hit Crash Landing on You, the exchange said on Monday.
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What is CeDeFi, and why it is the future of finance
CeDeFi offers the benefits of CeFi and DeFi without their shortcomings, writes Alexander Tkachenko of VNX. Here’s how it works.
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Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower
Bitcoin traded below US$23,000 on Monday morning in Asia, tracking a decline in U.S. equities as unexpectedly strong job growth numbers on Friday raised concerns markets may face more interest rate hikes to slow the economy and inflation.
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Markets: Bitcoin dips to US$23,500, Ether inches up, other top 10 crypto mixed
Bitcoin and Ether traded mostly little changed Friday morning after a strong run up in the week, with other top 10 cryptocurrencies prices mixed.