Cardano Whales Shed Their $ADA Holdings – Here’s Why

ADA’s leading wallet investors have begun redistributing to selling their holdings. Cardano whales have trimmed their balances since the ETH killer soared past $0.38 on 21 January. Cardano’s price broke out of a multi-month downward trend, and the following bullish target suggests a 10% upswing. The ETH-rival and PoS blockchain platform Cardano has seen a … Read more

Binance Exchange Secures Regulatory Approval In Abu Dhabi

Binance cryptocurrency exchange has made another feat again after it secured approval to operate in a prominent city in the United Arab Emirates, Abu Dhabi. The blockchain service provider company will be able to offer its blockchain service provision in the Abu Dhabi Global Market (ADGM) the UAE’s financial center. Abu Dhabi Grants Regulatory Approval … Read more

Mica Regulation; A Safe Space For Crypto Exchanges

Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more

Altcoins Rise Amid UK’s Move To Regulate Crypto Transactions

Leading coins were up early on October 26 as the current valuation of all cryptocurrencies increased by about 5 percent to $976 billion. In contrast, the total volume of the cryptocurrency market rose by nearly 69 percent in the 24 hours to $89.24 billion. Crypto Current Leading Performers The value of one BTC is $20,245, … Read more

Singapore  Monetary Authority Set to Ban Crypto Credit Facilities 

The Central Bank of Singapore has presented two consultation pamphlets to crypto service providers. The failure of the Singapore cryptocurrency fund Three Arrows money (3AC) resulted in this proposal. Singapore Authority is implementing measures to better regulate the crypto industry, Cointelegraph reported. Two consultation pamphlets on ideas for controlling the activities of stablecoin holders were … Read more

Moody’s EU MiCA Law – A Stepping Stone For Stablecoins?

European Union members recently passed a bill on cryptocurrencies dubbed Markets in Crypto Assets (MiCA). This new guideline limits daily transactions of stablecoins not Euro-pegged to €200 million. Executives at Moody Global weighed in on the possibility of stablecoins exploding consequently.  Break Down Of The MiCA Law Fabian Astic shared the perks of EU’s MiCA … Read more

Fed Chair Calls For “Public Transparency” In Stablecoin Reserves

During a recent event in Paris, the U.S. Federal Reserve chairman, Jerome Powell, discussed central banks’ role in the increasingly tokenized financial system. Jerome Powell Discusses Stablecoins Commenting on stablecoin regulations, the Fed chair, in the company of other prominent personalities, talked about the role of central banks.  Speaking in the company of Christine Lagarde, … Read more

Polkadot Introduces Tether (USDT) Minting on Its Blockchain

Tether Limited Inc., the parent company of the USDT stablecoin, has announced a new development to its network as it announced that minting USDT tokens is now possible on the Polkadot blockchain. USDT Goes Live on Polkadot The latest development would see the largest stablecoin by market cap be minted on the Polkadot network. Tether … Read more

New U.K. Prime Minister May Support Crypto

Liz Truss, the newly elected Prime Minister of the United Kingdom, is reportedly pro-crypto following news of her previous support for digital assets. Lizz Truss’s Previous Crypto Support According to reports making the round, the new occupant of 10 Downing Street is a known fan of cryptocurrency. Having defeated her closest rival, Rishi Sunak, Truss … Read more

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