On December 5, Abu Dhabi’s financial market witnessed a momentous occasion as Phoenix Group, a cryptocurrency mining company, began trading on the Abu Dhabi Securities Exchange (ADX). This marks one of the first instances of a company from this sector going public in the Middle East, and Phoenix Group’s entry into the stock market has…
Pyth is an oracle service that provides low-latency pricing data to blockchains. It has recently distributed its new PYTH governance tokens to more than 90,000 crypto wallets in November. The token was introduced as a way to decentralize Pyth’s governance process, which allows token-holders to vote on how the platform evolves. Pyth has recently announced…
South Korea has taken a proactive step in regulating its digital asset market by launching a campaign to urge the public to report unlicensed cryptocurrency exchanges. The Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA) have collaborated to oversee the burgeoning digital asset market in the nation. This initiative is a significant…
Mantle has recently launched a new liquid staking protocol (LSP) on the Ethereum mainnet. This innovative approach to network staking introduces a non-custodial system that allows users to deposit Ethereum (ETH) and participate in network staking through validator nodes. Participants receive Mantle-staked ether (mETH) as a token representing their stake, which aims to decentralize the…
Michael Saylor, the founder and Chairman of MicroStrategy Inc, a business intelligence and software firm that is bullish on Bitcoin, recently made some bold predictions about the top digital currency. During his speech at the Latin American Bitcoin & Blockchain Conference (LABITCONF), Saylor confidently stated that Bitcoin is destined to be the apex ETF asset….
Spain has recently made headlines for its crackdown on a North Korean cryptocurrency conspiracy. The Spanish authorities arrested Alejandro Cao de Benos, a key figure linked to the conspiracy, at Madrid’s Atocha train station as he arrived from Barcelona. Cao de Benos is the founder of a pro-Pyongyang group and has been accused of aiding…
Solana, a blockchain platform that has been gaining popularity in the crypto space, has been labeled as an “ETH Killer” by some members of the community. However, Solana founder Anatoly Yakovenko has publicly criticized this narrative, warning against the idea of Solana and other emerging blockchain technologies being direct competitors to Ethereum. Don’t bring back…
Cristiano Ronaldo, the world-renowned soccer player, is facing a $1 billion class-action lawsuit for his promotion of Binance, the world’s largest cryptocurrency exchange. The lawsuit was filed in the District Court for the Southern District of Florida by Michael Sizemore, a California resident who allegedly purchased unregistered securities from Binance after being exposed to some…
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