dYdX Chain Launches Trading Rewards on Cosmos Layer 1
dYdX Chain, the leading decentralized derivatives trading protocol, has recently taken a significant step forward by launching trading rewards for validators and stakers. This development comes after the full trading launch of the protocol on its Cosmos-based Layer 1 platform. Introducing these rewards marks a new chapter in the platform’s evolution, especially following a decisive […]
Phoenix Group IPO Delayed for UAE National Day
Phoenix Group, a UAE-based crypto mining firm, has rescheduled its IPO on the ADX to December 5, 2023, after the UAE National Day holidays. The company received an overwhelming response from investors, with a 33-fold oversubscription rate. Phoenix Group, a leading cryptocurrency mining company in the Middle East, has announced a new date for its […]
Binance Ex-CEO CZ Stuck in US After Guilty Plea
Changpeng Zhao, the former CEO of Binance, has been ordered to remain in the US until his sentencing hearing in February after pleading guilty to violating US anti-money laundering laws. What does this mean for the crypto giant and its founder? Changpeng Zhao, also known as CZ, the founder and former CEO of Binance, the […]
Islamic Coin Developer Faces Regulatory Hurdles in Dubai
Bored Gen DMCC, the developer entity of Islamic Coin, has been issued an enforcement notice by the Virtual Assets Regulatory Authority in Dubai for technical non-compliance. How will this affect the future of the Shariah-compliant cryptocurrency? Islamic Coin (ISLM) , a cryptocurrency that aims to onboard over 1.8 billion Muslims into digital finance without compromising […]
Zipmex Thailand Suspends Trading Amid SEC Issues
Zipmex Thailand, a crypto exchange, has announced that it has stopped accepting new deposits and trading on its platform due to compliance issues with Thailand’s SEC. Customers can still withdraw funds until January 31, 2024. Zipmex Thailand, a crypto exchange that operates in Thailand, Australia, and Indonesia, has halted new deposits and trading on its […]