FTX, a Cryptocurrency Exchange, Receives First And Only Cryptocurrency License From Dubai
Cryptocurrency exchange FTX has been granted a virtual-asset license in Dubai. The company intends to open a regional headquarters in the city. According to FTX CEO Sam Bankman-Fried, FTX is the first and so far only digital asset exchange to have a Dubai license. After Europe FTX intends to operate from Dubai. After getting clearance from the […]
Russian crypto volumes to drop after Binance blocks Visa and Mastercard
Binance blocked Visa and Mastercard cards issued in Russia, causing crypto trade volumes to fall. While Russian citizens still have access to cryptocurrency exchanges, sanctions on traditional payment channels appear to be limiting their ability to trade. While most crypto exchanges oppose blanket bans on Russian users, many have stopped taking payments from sanctioned banks […]
The Ethereum Gas Fee Drops to an 8-Month Low, Bill Barhydt Makes a $30,000 ETH Bull Case
Ethereum (ETH) experienced a huge rebound on Monday, March 14, and is now trading around $2,550. The world’s second-largest cryptocurrency, along with Bitcoin (BTC), has remained volatile in the $2,500-$3,200 range. As a result, the Ethereum (ETH) blockchain continues to undergo major changes. Santiment, an on-chain data source, revealed that the Ethereum (ETH) price has dropped […]
PayPal’s CEO Opines Blockchain and Crypto Will Reform Financial System
Paypal CEO Dan Schulman discussed the future potential of cryptocurrencies and blockchain technology in the futuristic financial system in an interview on Monday. The actual promise of digital currencies, according to Schulman, is in payments, not in buying and selling them or anticipating their price movements. Furthermore, he believes that the intersection of CBDC, stable […]
Bitcoin holders are not selling amid market correction, as illiquid supply of bitcoin increases 3.2X
Despite price volatility, growing inflation, and geopolitical concerns, the bulk of BTC supply has remained in wallets since the beginning of the year, according to data from on-chain analytics firm Glassnode. It reflects Bitcoin’s growing appeal among institutional and retail investors, with no one willing to sell it. Glassnode tweeted on Monday that the Bitcoin Illiquid Supply Shock […]