Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

Post Views: 410 The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers. The Dubai digital…

Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function

Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function

Post Views: 356 The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central bank’s monetary policy committee (MPC) to rethink the way it regulates…

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

Post Views: 368 India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister Nirmala Sitharaman answered some questions about cryptocurrency on Monday…

Dubai Crown Prince Launches Metaverse Strategy — Fivefold Increase in Blockchain and Metaverse Companies Envisioned

Dubai Crown Prince Launches Metaverse Strategy — Fivefold Increase in Blockchain and Metaverse Companies Envisioned

Post Views: 408 A master plan that aims to see the number of Dubai’s blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the kingdom’s Crown Prince Sheikh Hamdan. Known as the Dubai Metaverse Strategy, the plan also seeks to create 40,000 jobs and bring in…

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

Post Views: 374 On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related financial products and solutions, and technologies that enable seamless consumption of art.”…

Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse

Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse

Post Views: 399 Tony Hawk, one of the most popular skateboarders in the world, is planning to build a skateboard park in the metaverse. The initiative, which will be completed in partnership with The Sandbox and Autograph, will also create voxel representations of the skateboarder as NFTs, that will be able to be used in…

Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years

Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years

Post Views: 342 Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb’s wallet is now close to being empty as there’s only 47.6912 xrp…

Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak

Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak

Post Views: 474 Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day. Polygon (MATIC)…

Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

Post Views: 387 The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the…