UAE Regulators to Allow Licensed VASPs to Service Entire Country
The securities regulator of the United Arab Emirates (UAE) has partnered with the crypto regulator of Dubai to streamline its licensing regime and thereby demonstrate “regulatory cohesion” throughout the nation. The Securities and Commodities Authority (SCA), the federal financial agency of the United Arab Emirates, and the Virtual Assets Regulatory Authority (VARA), the crypto administrator […]
Based Rollups Proposed as Solution for Ethereum Incentive
Based Rollups, according to some critics, align incentives between Ethereum layer 2 and its base layer validators, perhaps resulting in deflationary issuance again. Based Rollups might offer a solution to Ethereum’s layer-2 networks diverting liquidity and revenue from its base layer. These rollups, which rely on Ethereum’s layer-1 validators for processing instead of their own […]
Japanese Yen Dip Sparks Renewed Yen Carry Trade
With the JPYUSD currency pair surging to 140.7, the highest in 2024, fears of Yen carry trade unwinding could spark a Bitcoin price drop. The Japanese Yen has surged to its highest levels against the U.S. Dollar since January 2024, raising concerns about the potential unwinding of the Yen carry trade. With the weakening of […]
Indonesian Crypto Exchange Hit by $20M Hack
Indodax, an Indonesian crypto exchange, was hacked, resulting in a $20 million loss, with stolen funds swapped into Bitcoin and Ethereum. A criminal recently exploited the Indonesian crypto exchange Indodax, resulting in the theft of $20 million. The intruder has transferred the stolen funds to significant crypto assets, such as Ethereum and Bitcoin, according to […]
Swyftx CEO: Australian Crypto Investors Await Clearer Regulations
Crypto exchange Swyftx predicts between two to six million Australians could enter the market if regulated. According to the CEO of a local crypto exchange, millions of potential crypto investors in Australia are waiting on the sidelines for clearer regulations. Jason Titman, the CEO of Swyftx, told Cointelegraph that his company expects between two and six […]