Legal expert claims UAE regulators pave way for crypto and blockchain adoption
While many nations simply prohibit Bitcoin (BTC) and other digital assets, the UAE is adopting a different approach. The government has been steadily implementing its ambition of becoming a blockchain capital by establishing frameworks to instruct crypto enterprises on how to comply with the rules. UAE’s crypto and blockchain adoption move The Securities and Commodities […]
Bahrain’s central bank pilots JPMorgan’s blockchain and token
Bahrain is the latest country to test JPMorgan’s blockchain technology. Onyx, a blockchain and cryptocurrency arm of JPMorgan , has successfully completed a digital payments test with the Central Bank of Bahrain (CBB). Bahrain’s successful test The trial also included two other key organizations, the Manama-based international bank ABC and Bahrain’s national aluminium smelter Aluminium Bahrain, or Alba. The bank ABC was able to conduct […]
Solana (SOL) network goes down as a result of another DDoS attack
The Solana network was hit by a fresh DDoS attack that took the network down, the use of Solana’s novel blockchain technology is thought to be the reason for the weaknesses leading to the rising number of DDoS attacks. Solana (SOL), the fifth-largest cryptocurrency by market capitalization and one of the best-performing in 2021, has […]
China’s most populated city Shanghai seeks to include the Metaverse in its development plan
Shanghai, China’s most populated city, is exploring methods to employ metaverse in public services, this move will help to encourage the further research and development of underlying technologies One of the four frontiers for exploration stated in Shanghai Municipal Commission of Economy and Information Technology’ s five-year development plan for the electronic information industry is […]
Russia’s largest bank Sber launches the country’s first blockchain-based ETF
Sber, Russia’s largest bank, has launched a blockchain exchange-traded fund (ETF) which is apparently the country’s first ETF. The fund will track the performance of major crypto firms like Coinbase and Galaxy Digital. The new ETF is tied to several blockchain and crypto industry enterprises, including hardware and software providers for mining and issuing cryptocurrencies, […]