Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the United States — the UAE is moving closer to fulfilling what…
Crypto startup Immutable is a gaming-focused firm with a layer-2 Ethereum blockchain, Immutable X, as well as an upcoming zkEVM blockchain, which has launched its test network at time of writing. Many games have adopted Immutable’s tech to provide faster and cheaper on-chain interactions than Ethereum’s own mainnet, and several of those titles have started flooding into the Epic Games…
The significance of blockchain in the daily healthcare routine Blockchain has the potential to revolutionize healthcare by preserving data integrity, fostering better teamwork, and increasing patient care — even in the face of ongoing difficulties with scale and integration. Blockchain technology has the potential to completely transform healthcare practices. Its importance stems from its capability to ensure record-keeping that is…
Bitcoin (BTC) held closer to the $40,000 mark on Dec. 3 after weekend gains reinforced a “strong” uptrend. BTC/USD 1-hour chart. Source: TradingView Bitcoin leaves $60 million in shorts hanging Data from Cointelegraph Markets Pro and TradingView tracked a fresh BTC price surge, which took BTC/USD to new 2023 highs of $39,730. These built on upward momentum, which had entered…
Chainlink (LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. It may rise further still in the coming days and weeks, according to a slew of on-chain and technical indicators, as discussed below. LINK price nears ascending triangle breakout LINK’s price has been consolidating inside what appears to be an ascending triangle…
Blockchain analysis firm Lookonchain reported that cryptocurrency powerhouses FTX and Alameda Research are actively engaged in a substantial transfer of digital assets, amounting to an impressive $22 million. The diverse cryptocurrency mix comprises $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO. Following their bankruptcy declaration, FTX and Alameda Research have actively maneuvered in cryptocurrency, another bouquet of digital assets,…
Grayscale, a significant player in digital asset management, has expressed enthusiasm about the potential transformation of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. This move could eliminate the current 8.09% discount of approximately $1.89 billion, aligning GBTC’s price more closely with the actual value of Bitcoin, offering significant benefits for investors. The company’s chief legal officer, Craig Salm…
Peter Szilagyi, Ethereum team lead, has expressed frustration over his alma mater’s lack of interest in providing opportunities for students to collaborate with Ethereum. In a series of posts on X (formerly Twitter), Szilagyi explained that he has always felt a lack of genuine interest when he has returned to his old university to deliver talks about Ethereum (ETH). He…
Bitcoin ETF race has a new entrant, Binance is ending support for the BUSD stablecoin, and ChatGPT’s first year in review. Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/bitcoin-etf-race-has-a-new-player-binance-ends-support-for-busd-and-more-hodlers-digest-nov-26-dec-2/
Top Stories This Week Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model Asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin ETF race in the United States. On Nov. 29, Pando submitted a Form S-1 — used to register securities with the agency — to the U.S. Securities and Exchange Commission for the…
