The Virtual Assets Regulatory Authority in Dubai has given approval for the license of trading firm Crypto.com to operate as a Virtual Asset Service Provider. Based on a statement released on April 9, the crypto exchange holds the power to cater to institutional investors within the emirate. Introducing our top-tier institutional services on Crypto.com Exchange … Read more
In simple terms, CryptoRank released a study detailing the venture capital investment trends within the crypto sector during the initial three months. Experts commented that investors have grown more wary, observing the disparity between Bitcoin‘s (BTC) price and the quantity and value of financing rounds. Within the initial quarter, a total of 422 funding rounds … Read more
With Bankman-Fried potentially facing lengthy prison time, what can we anticipate for the future of the platform, and is there any possibility for the FTX exchange to bounce back? In November 2022, FTX, once a prominent player in the crypto industry, experienced a sudden collapse resulting in its bankruptcy. More recently, Sam Bankman-Fried, the ex-CEO … Read more
On Tuesday, the Financial Stability Institute released a report highlighting the importance of establishing consistent regulatory guidelines for stablecoins among various nations. The Financial Stability Institute, a partnership between the Bank for International Settlements (BIS) and the Basel Committee on Banking Supervision, highlighted the importance of uniform policies in strengthening the worldwide financial system. According … Read more
Bitcoin ETFs saw a net outflow of $223 million on Monday after four consecutive days of net inflow. Based on SoSo Value’s report, Bitcoin ETFs experienced their largest outflow in over two weeks on Monday. The previous week had seen four successive days of inflows, amounting to approximately $570 million. This led to a surge … Read more