UAE Central Bank Tightens AML Rules for Virtual Assets
The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidelines for financial institutions that deal with virtual assets, such as cryptocurrencies and non-fungible tokens (NFTs). The new guidance aims to enhance the regulatory framework and combat money laundering and terrorist financing in the rapidly growing sector. Strengthening the Regulatory Framework The new […]
Blackrock CEO Cautions on Positive Outlook for Bitcoin
Amidst the de-dollarization debate, Bitcoin emerged as a secure and profitable alternative, turbulent during times. Cryptocurrency Market Updates As US lawmakers prepare to vote on the much-anticipated bill to raise the $31.4 trillion debt ceiling, the United States’ macroeconomic outlook remains unstable, amidst a series of interest rate hikes by the US Federal Reserve and […]
Ethereum Average Gas Fee Drops 69%
The decrease in Ethereum’s gas fee is likely to promote robust network utility and could provide the necessary fuel for the ETH price. Ethereum (ETH), the world’s second-largest cryptocurrency, concluded May 2023 on a relatively flat note and is currently trading around $1,850. Nonetheless, the transaction gas fee has decreased significantly over the past month, […]
Binance CZ Denounces Layoff Rumors
The CEO of Binance mentioned that the company has a “bottom out” program. CZ provided a brief illustration of Work From Home (WFH). Binance Updates The CEO, Changpeng Zhao, addressed rumors of redundancies at the cryptocurrency exchange. CZ referred to the rumor of layoffs as another day of fear, uncertainty, and doubt and designated it […]
Binance CEO Supports First Digital USD (FDUSD)
Binance CEO “CZ” responds to support of the new First Digital USD (FDUSD) Stablecoin amidst Hong Kong pressure. ON THURSDAY, Binance CEO Changpeng “CZ” Zhao responded to the launch of First Digital USD (FDUSD) by Hong Kong-based custodian and trust company First Digital. The move comes as Hong Kong introduces a new crypto regulatory framework […]