The Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has taken an exciting step forward by joining the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. This strategic move is aimed at tapping into the thriving Web3 value that Dubai has to offer. The collaboration between Solana and DMCC will bring forth
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The price of the world’s leading cryptocurrency, Bitcoin (BTC), experienced a significant surge today, reaching $28,004. This sudden increase can be attributed to various factors, including regulatory developments, the correlation between Bitcoin and gold, the influence of big holders, and extensive activity in the futures market. Late on Friday night, the market received news of
The Monetary Authority of Singapore (MAS) has granted an in-principle approval to UPbit Singapore, the Singapore subsidiary of South Korean cryptocurrency exchange UPbit. The approval allows UPbit Singapore to offer regulated Digital Payment Token Services while awaiting full approval. This is a significant milestone for UPbit Singapore, as it now joins other exchanges such as
In recent weeks, there has been a significant trend in the explosive growth of DEX-launched tokens. A multitude of pump-and-dump moon-shots, including DEE, APX, MEGA, Blinky, DRS, and SNOR, have captured the attention of traders. Among these rising stars, Refund token (REFUND) has emerged as a standout performer, soaring by an impressive +1,000%. One of
The Australian federal government has recognized the need for regulation in the cryptocurrency industry and is set to introduce new regulations requiring crypto exchanges to obtain a financial services license. This move comes in response to a series of international hacks and cases of poor risk management, including the collapse of U.S.-based crypto exchange FTX,
When it comes to comparing Ethereum and Bitcoin, it’s clear that Bitcoin has been the better investment over the past few months. Ethereum has been trading in a descending channel against Bitcoin since August of last year, leading to a 22% decrease in its price. On the other hand, Bitcoin has seen an 8% increase
In a surprising turn of events, California Governor Gavin Newsom has approved a new cryptocurrency regulation bill that will come into effect in July 2025. The bill, known as the Digital Financial Assets Law, is set to establish a more stringent regulatory framework for crypto businesses operating within the state. Under this legislation, individuals and
In a groundbreaking move that blends the worlds of cryptocurrency and motorsport, the renowned cryptocurrency exchange Kraken has recently announced its partnership with the iconic Formula 1 team, Williams Racing. This exciting collaboration signifies the coming together of two trailblazing organizations that are known for their pioneering technologies and their shared vision for the future
The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn as BlockFi CEO Zac Prince provided testimony in a Manhattan federal courtroom. Prince’s appearance shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. This article explores the revelations made during Prince’s testimony and the complexities of the case. During his
In the ever-expanding world of meme coins, one token has caught the attention of traders and investors: Wall Street Memes ($WSM). Launched on Thursday by the ByBit exchange, $WSM quickly gained popularity and experienced a significant price surge. With its current market capitalization of $64 million, $WSM presents an attractive investment opportunity compared to established
