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Vaibhavv Ali

Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.

Sanctioned Russian Exchange Garantex Continues Moving Funds via Sophisticated Crypto Payout System

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Cryptonite UAE

A new investigation by blockchain analytics firm Global Ledger reveals that the sanctioned Russian crypto exchange Garantex has successfully rebuilt an operational payout system and is quietly moving millions of dollars in cryptocurrency despite international pressure and law enforcement efforts. Active Operation: Researchers identified new Garantex-linked wallets on Bitcoin and Ethereum holding over $34 million … Read more

Binance Deepens Stablecoin Tie-Up with Trump-Linked USD1

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Cryptonite UAE

Binance is significantly integrating the USD1 stablecoin, which is co-founded by the Trump family, by making it its primary collateral asset and offering new zero-fee trading pairs. Expanded Trading: Binance has added fee-free trading for USD1 against Ether, Solana, and BNB, building on the existing Bitcoin pair. BUSD Replacement: The exchange will convert all internal … Read more

YouTube Integrates Crypto Payouts: US Creators Can Now Choose PayPal’s Stablecoin (PYUSD)

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Cryptonite UAE

YouTube has quietly begun allowing its US-based creators to receive their revenue share payouts in PayPal’s dollar-backed stablecoin, PYUSD. This move deepens the platform’s connection to crypto infrastructure and expands the monetization options available to video creators. Key Details of the Integration: Who is eligible: The feature is currently limited to US-based YouTube creators. How … Read more

Congress Pushes SEC to Open 401(k) Doors to Crypto, Backing White House Order

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Cryptonite UAE

Members of the House Financial Services Committee sent a formal letter to Securities and Exchange Commission (SEC) Chair Paul Atkins on December 11, urging the agency to update securities rules to allow Bitcoin and other digital assets into 401(k) retirement plans. This action directly supports an August 2025 executive order from President Donald Trump, titled … Read more

PENGU Price Slides 11% Amid Liquidity Flight, But Key Metrics Suggest a Bullish Rebound is Imminent

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Cryptonite UAE

PENGU (Pudgy Penguins) recently experienced the largest price decline among the top 100 cryptocurrencies, dropping 11% in the past day, suggesting a bearish trend and high risk of further losses. Liquidity Flight and Bearish Pressure Derivatives Outflow: PENGU saw a significant flight of capital from its derivatives market. The Open Interest (capital in the market) … Read more

Hong Kong to Implement Global Crypto Tax Reporting by 2028

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Cryptonite UAE

Hong Kong has initiated a public consultation to adopt the OECD’s Crypto-Asset Reporting Framework (CARF) and an amended Common Reporting Standard (CRS). This move is aimed at starting the automatic, cross-border exchange of crypto-related tax information by 2028. Key Timeline: Legislative amendments are anticipated in 2026. Mechanism: The new framework will expand the existing CRS … Read more

Xiaomi Partners with Sei to Embed Crypto Wallet on Global Smartphones

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Cryptonite UAE

Xiaomi is integrating a cryptocurrency wallet and a decentralized application (dApp) discovery tool directly into new smartphones sold outside of mainland China and the United States, following a partnership with the high-performance blockchain platform, Sei. Key Details of the Partnership: Wallet Integration: The wallet will be pre-installed on all new Xiaomi devices in key markets … Read more

Blockstream’s Mobile Update: Seamless Lightning and Liquid Swaps for Enhanced Bitcoin Payments

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Cryptonite UAE

Blockstream has updated its mobile application to allow users to trustlessly swap funds between the Lightning Network and the Liquid Network. This move is intended to improve access to faster and more private bitcoin payments. The core new feature is the integration of atomic swaps (via the non-custodial provider Boltz and secured by HTLCs), which … Read more

US Senate Crypto Bill Falters Amid New Democratic Demands and White House Opposition

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Cryptonite UAE

The bipartisan effort in the U.S. Senate to pass a comprehensive crypto market-structure bill is facing significant obstacles, risking a year-end collapse despite the House having already passed its own legislation. Key Roadblocks: Democratic Counterproposal: Senate Democrats have introduced a new counterproposal demanding stronger consumer protections and ethics rules. While accepting the core Republican framework (based … Read more

Gemini Integrates Ripple’s Stablecoin (RLUSD) and Gains Key Regulatory Approval

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Cryptonite UAE

US-based crypto exchange Gemini has significantly expanded its offerings by integrating Ripple’s stablecoin, RLUSD, onto the XRP Ledger (XRPL). Key Developments: RLUSD Integration: Gemini now allows users to deposit and withdraw RLUSD on both the XRPL and Ethereum networks. This move, according to Gemini, provides near-instant settlements and lower fees. Major Collaboration: This integration is … Read more

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