Crypto exchange Binance has announced that it has signed a Memorandum of Understanding (MoU) with the Dubai World Trade Centre Authority (DWTCA) with the aim of establishing an industry hub in Dubai. “With the MoU, Binance will help advance Dubai’s commitment to establishing a new international Virtual Asset ecosystem that will generate long-term economic growth through digital innovation,” the exchange…
Athletes and politicians have made headlines as they opted to get paid in crypto earlier this year. Now, in an attempt to attract a younger workforce, companies are starting to offer crypto salaries. A recent CNBC article highlighted two different cases where young talent is paid in crypto. University student Stephen Gerrits and artist Tiyanna Brown decided to receive their…
BitMEX is ending the year with a bang, after the cryptocurrency and derivatives platform today announced the launch of a native token. Called BMEX, holders of the token can enjoy trading rebates, better rates for the exchange’s Earn product, access to BitMEX’s trading academy, and more. Marketing materials for the BMEX token indicate that it will have a maximum supply…
TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games. While…
Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed that her organization has recorded…
The world’s largest cryptocurrency trading platform, Binance, is among the first crypto exchanges to join a new crypto hub established by the Dubai World Trade Centre Authority (DWTCA). Binance officially announced it signed a memorandum of understanding with the DWTCA the next day after the latter officially announced the launch of a comprehensive zone for crypto in Dubai on Dec.…
Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wishing on a sentiment flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing overnight as the lira shot up as much as 40% against the U.S. dollar. The move came…
Elon Musk, CEO of Tesla, has criticized the current state of the metaverse and the Web3 movement, suggesting the latter concept is a “marketing buzzword.” The crypto influencer also posted a video of David Letterman making fun of the early internet in an interview with Bill Gates, and wondered what the future will bring. Musk Skeptical About Current Web3…
Staking and farming platform Bent Finance joins the list to become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised platform. Bent Finance first realized the exploit on Monday at roughly 8:55 PM EST, a timeline when…
The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called Sologenic. XRP Gains 10% in…
