Vaibhavv Ali
As South Korea’s “Kimchi premium” has changed back to a discount, it is now less expensive to purchase cryptocurrencies like Bitcoin on local exchanges. Kimchi, a traditional Korean food, inspired the phenomenon’s name. The term “Kimchi premium” describes situations in which the price of Bitcoin is greater on South Korean exchanges than it is in … Read more
As the leading cryptocurrency wallet MetaMask promotes direct onramps with regional banks, buying self-custody cryptocurrencies is becoming simpler in Nigeria. The parent company of MetaMask, ConsenSys, announced a new interface with cryptocurrency fintech MoonPay on March 21. This allows users in Nigeria to buy cryptocurrency through immediate bank transfers. The new function is accessible via … Read more
Silicon Valley Bank failed as a result of a perfect storm of losses, uninsured leverage, and a sizable loan portfolio, among other things (SVB). A comparison of SVB’s situation with that of other players showed that approximately 190 US banks may be vulnerable to a run. While the collapse of SVB served as a reminder … Read more
Coinbase, a cryptocurrency exchange with headquarters in the United States, made the proactive decision to speak out about crypto staking after it recently caught regulators’ notice. The corporation reasons why staking cannot be categorically categorised as securities in its appeal to the Securities and Exchange Commission (SEC). Coinbase released the “Petition for Rulemaking” on March … Read more
A cryptocurrency company based in Switzerland asserted that Warren made “mistakes” in her remarks during a recent senate session and urged her to “constructively interact” with its community. According to a recent statement, non-custodial cryptocurrency company Shape-Shift rejected United States Senator Elizabeth Warren’s allegations of “illicit fundraising,” contending that she made them in order to … Read more
A significant occurrence in the realm of cryptocurrencies, the halving of Bitcoin, happens every four years on average. It is a change to the Bitcoin mining incentive that has been pre-programmed that reduces the amount of Bitcoin that miners can earn for validating transactions by half. The entire Bitcoin ecosystem will be affected by this … Read more
On March 11, 2023, Arts DAO Fest, the first Web3 festival in the Middle East, will take place at the 25H Hotel at One Central DIFC. Arts DAO is the largest NFT community in the Middle East. The main objective of Arts DAO Fest (ADF) is to commemorate internet culture and NFT, which were pioneered … Read more
The Capital Market Authority (CMA), which oversees Oman’s financial markets, is working to create a new legal framework for the Sultanate’s virtual asset market. The proposed regulations would include oversight of virtual asset operations, a licencing procedure for virtual asset service providers (VASPs), and a framework to detect and reduce risks related to the new … Read more
Dubai VARA was the world’s first standalone virtual-asset regulator. What its 2023 framework did, the activity rulebooks, and where it stands in 2026 at 51 licences.
The creation of a CBDC intends to alleviate cross-border payment inefficiencies and promote innovation in domestic payments. As the first phase of its recently established financial infrastructure transformation (FIT) program, the Central Bank of the United Arab Emirates (CBUAE) intends to introduce a central bank digital currency (CBDC) for both domestic and international use. The … Read more