The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital. In an Aug. 16 announcement, the Abu Dhabi-headquartered M2 said the regulatory approval would allow institutional and retail clients in the UAE to “buy,…
Coinbase Financial Markets, Inc. announced this Wednesday that it has secured approvals from both the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). That means that the firm can now operate as a Futures Commission Merchant (FCM), and will therefore be able to offer investments in crypto futures to eligible customers in the United States. However, the…
GameFi developers have been focused on raking in money — and they’ve forgotten that they need to make games fun in order to win over players. Source: https://cointelegraph.com/public/index.php/news/illuvium-collapsing-token-problems-gamefi
A public filing released by the United States Federal Bureau of Investigation (FBI) shows that around $1.7 million worth of digital assets were seized by the law enforcement agency from March to May. According to the Filing, the FBI seized $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in DAI (DAI) and $20,000 in Monero…
The Bitcoin fee-to-reward ratio represents the proportion of total block rewards from transaction fees paid by users in the Bitcoin network. Transaction fees allow users to offer compensation to miners to encourage the inclusion of their Bitcoin (BTC) transactions in a block. To increase their profits, miners frequently prioritize transactions with higher fees. However, the fee amount may vary depending…
Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Announcing the news on Aug. 16, Coinbase noted that the company is now officially allowed to operate a Futures Commission Merchant (FCM) platform. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures…
The newly launched layer-1 Sei Network went live yesterday with its Mainnet beta phase, ushering in its brand new SEI token. Leading exchanges like Binance, Bybit, Huobi, and Kraken listed the token on August 15. The SEI trading volume on day one reached $1.14 billion, according to CoinGecko data, with South Korean-based Upbit and Binance leading the pack. On Binance,…
Bitcoin (BTC) speculators are leading a period of “exhaustion and apathy” across the market, new research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode waning conviction among Bitcoin’s short-term holders (STH). Bitcoin speculators risk unrealized losses After several months of stagnant BTC price action, frustration among market participants has lead to predictions of…
Legal proceedings involving former FTX CEO Sam Bankman-Fried took a new twist after prosecutors revealed their intention to use personal notes and diary entries by Caroline Ellison, the former CEO of FTX’s sister trading firm Alameda Research, as evidence against him in the criminal trial. In an August 14 filing with the U.S. District Court for the Southern District of…
El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants like JP Morgan, Eaton Vance and PGIM Fixed, prompting President Nayib Bukele to say, “I told you so.”…
