Author: Farwa Raza

On the day that the US issued its executive order on cryptocurrencies, Dubai also took a step by issuing a crypto regulation that encompasses the sector. Dubai Cryptocurrency Regulation The announcement came directly from the ruler, Sheikh Mohammed bin Rashid Al Maktoum via Twitter: Today, we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE’s position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors. pic.twitter.com/LuNtuIW8FM— HH Sheikh Mohammed (@HHShkMohd) March 9, 2022 “Today we passed the virtual assets law…

As the crypto market continued to grow in 2021, publicly traded companies like Tesla began accepting Bitcoin as a payment method and even including it in their wallets. Faced with the growing impact of cryptocurrencies on financial markets, state regulators are in a direct confrontation with the crypto industry. As a global cryptocurrency financial services exchange platform, CoinEx has long since begun building a professional crypto compliance and promotion team to accelerate the pace of its compliance and legality efforts on a global scale. The exchange recently obtained the MSB license in December 2021 and has been applying for the…

Understandably, Cardano founder Charles Hoskinson has received some criticism lately for allegedly falsifying information about his university education. However, what cannot be explained are the unprecedented attacks on the network and the native ADA token. Before we dive into the net, let’s first get to the heart of the situation at hand. Background A couple of days ago, crypto journalist Laura Shin pointed out discrepancies in Hoskinson’s statement about his college degrees and the school’s verdict on it. Snapshots attached to the post revealed that Hoskinson had not completed a bachelor’s degree or applied for a doctorate as she had…

The year 2022 started off on the wrong foot when Bitcoin crashed to $38,000 and dragged down the entire cryptocurrency market. The drop wiped out most of the gains made last year, as several currencies traded -50% from their all-time highs. With uncertainty already looming, the war between Russia and the Ukraine caused another drop last month, causing BTC to fall to $38,000 again. The market is sending mixed reactions today as Bitcoin is trying to break above the $39,000 mark. However, BTC is being rejected at $39K, causing it to drop to $38K during today’s trade. The swinging price…

Bitcoin has once again entered a rollercoaster period, giving many traders hope after a quick recovery, but now scaring many others and retesting support levels around $40K. Apparently, even some whales are preparing for a possible new fall. On Friday, Bitcoin threatened to fall again, after a rally that even scared many. These moves may be causing some whales to prepare for the near-term future of the market, moving large amounts of bitcoin. According to alerts from the Bitcoin Block Bot, a movement tracker on the Bitcoin block chain, there were movements of more than 11,000 bitcoins during the beginning…

Bitcoin (BTC) bulls saw no relief at the open on Wall Street on March 4, as $40,000 support appeared on the horizon. BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView Trader: Markets are ‘shaky’ but BTC could bounce Data from Cointelegraph Markets Pro and TradingView revealed fresh March lows of $40,551 for BTC/USD on Bitstamp, bringing two-day losses to 10.2%. Fears over the safety of Ukraine’s nuclear infrastructure led not only crypto but also traditional markets lower on the day, with the S&P 500 trailing European indices to drop 1.4%. “Bitcoin corrects as tensions around Ukraine rise, and fear also rises…

Shibarium could launch the vehicle that takes Shiba Inu in the direction of the long-awaited milestone of $0.01. Shytoshi Kusama, the main developer of ShibaSwap, announced that ‘Unification’ (a company working on the L2 platform) has almost completed the project. He recently tweeted that the private testnet for Shibarium is live and the team is working on updates. Only the core team can access the private testnet and the public testnet will be launched shortly. However, a tentative date for the launch of the public testnet has not been revealed. “The second version of the Shibarium private testnet is live…

The high-ranking Ethereum wallet owner has purchased close to half a billion Shiba Inu (SHIB) tokens, adding to his meme cryptocurrency holdings. Crypto tracker WhaleStats has reported that one of the largest Ethereum whales has bought a massive amount of Shiba Inu, doubling its stash of this canine token to a whopping one billion SHIB. Top-ranked whale buys $11 million in SHIB According to the recent tweet published by WhaleStats, one of the top 5 cryptocurrency investors with a wallet named after a character from JRR Tolkien’s iconic novel, “The Lord of the Rings”, the dwarf Gimli. This whale, who…

After three official wallets were activated to donate Bitcoin, Ethereum and Tether, the news of the creation of a DAO also came, UkraineDAOto support Ukraine. UkraineDAO, raised $7 million in ETH The main purpose of this DAO is to support the huge military spending and non-profit organizations that help the Ukrainian people. What is amazing is that in a short period of time, this decentralized autonomous organization has managed to raise $7 million worth of Ethereum! A result that really surprised everyone and that is the result of the joint effort between the investment group PleasrDAO, the NFT studio Trippy…

Shiba Inu (SHIB) was first a meme coin, then slowly came out of phase by expanding its ecosystem consisting of utility and use cases. It incorporated native tokens BONE and LEASH, both of which will be used for transactions on Shibarium and Shiberse. Shibarium is a layer 2 solution on the Ethereum network that reduces high gas fees and Shiberse is its next Metaverse. Shiberse will consist of 99,000 pieces of land and Leash holders will have priority access to view, bid and buy properties. All these transactions take place in the virtual world and SHIB decided to make a…