UAE Records $25B in Crypto Transactions, Promotes Further Investment With Regulatory Flexibility
The United Arab Emirates (UAE) recorded $25b in crypto transactions in 2022. Now, it is adopting accommodative regulatory policies to pursue further investment, according to a report published Monday. The Dubai Multi Commodities Centre’s (DMCC) report explored the market potential and
BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant
BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded
DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections
The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX. As part of a plea agreement resolving anti-money
Man Charged in ‘Cryptojacking’ Scheme for Stealing Cloud Computing to Mine $1M in Crypto
US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal ‘cryptojacking’ operation. Charles O. Parks III, also known as “CP3O,” allegedly defrauded two cloud computing providers, resulting in losses of $3.5 million, while
The AI Revolution and the Rise of Supermicro
The AI Revolution and the Rise of Supermicro Quick Look: Super Micro’s revenue soared by 103% to $3.7 billion, with a notable EPS increase of 85%. Positioned uniquely with energy-efficient servers for AI and data centers. Partnerships with key AI chipmakers like Nvidia and
Coinbase Advertises Bitcoin Halving In New Commercial
The Bitcoin halving is less than one week away, and crypto exchange Coinbase is hyping up the event with a new commercial. Advertising the Halving The platform released a video over Twitter on Monday illustrating how much Bitcoin’s value has appreciated over
South Korean ‘Crypto Tax Crackdown’ Moves to Another City
The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating
Top Crypto Gainers Today on DEXScreener – SHIELD, INNO, DAMM
With the bears back in control of the broader crypto market on Monday amid a continuation of concerns about the tense Iran/Israel situation and the latest strong US economic data, which will likely further deter the Fed from cutting interest
Curve Founder Nearly Liquidated During Weekend Crypto Crash
Michael Egorov – founder of the decentralized finance protocol Curve (CRV) – once again neared liquidation on his massive DeFi loan as the crypto market collectively plummeted over the weekend. Curve Founder Loan In Danger Bitcoin’s price has declined by 10% since
Norway’s New Data Center Law Raises Concerns for BTC Miners
Norway is introducing a new legislation to regulate data centers nationwide and provide oversight on the activities of BTC miners, according to local Monday reports. The law mandates that all data centres register with the appropriate authorities and provide detailed information