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UAE Unifies Crypto Rules with SCA and VARA to Make Licensing Easier and Boost Investor Trust
During a recent regulatory update, the UAE has taken a significant step to unify its virtual asset sector by establishing a collaborative agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). This partnership aims... -
Vitalik Buterin Backs Ethereum Treasury Efforts While Warning of Leverage Risks
Ethereum co-founder Vitalik Buterin has expressed support for the growing number of ETH treasury companies, noting that they create new opportunities for a wider pool of investors. Speaking on the Bankless podcast on August 7, Buterin said companies building an... -
Intel Stock Falls After Trump Calls Upon Its CEO To Resign Immediately
US President Donald Trump has publicly called for the immediate resignation of Intel CEO Lip-Bu Tan. The demand was posted on the President’s social media platform Truth Social, where he stated that Tan is "highly CONFLICTED" and that there is... -
USDC Dominated Crypto Payrolls in 2024, Making Up 63% of Salary Payments
The percentage of workers receiving salaries in digital assets has tripled over the past year, with 9.6% paid in stablecoins. Leading this trend is Circle’s USDC, which accounted for 63% of all crypto salary payments in 2024. Stablecoins Could Become... -
India Seizes Assets of Man Convicted in U.S. $20M Crypto Fraud Case
On August 5, India’s Enforcement Directorate (ED) seized assets worth $4.8 million (₹42.8 crore) as part of an ongoing investigation into a major crypto fraud case. The assets belonged to Chirag Tomar, an Indian citizen currently serving time in a... -
Registered Exchanges Can Now List Spot Crypto Contracts, Says CFTC
On August 4, the U.S. Commodity Futures Trading Commission (CFTC) introduced a new initiative that allows registered exchanges to offer trading in spot crypto contracts. Under this program, exchanges designated as Designated Contract Markets (DCMs) may now offer these contracts... -
Tesla Stock Rises as Board Approves New Compensation Package for Elon Musk
Tesla stock (NYSE: TSLA) is trading higher today after the company’s board approved a new compensation package for its CEO, Elon Musk, granting him a share award valued at approximately $29 billion. This decision follows a protracted legal battle and... -
Metaplanet Buys Additional $54M in Bitcoin, Total Holdings Now 17,595 BTC
During early August, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF) made headlines with a bold strategic move, acquiring an additional 463 BTC at an average price of ¥17,268,320 ($116,695) per coin. This $54 million investment increases the firm’s... -
CFTC, SEC Kick Off ‘Crypto Sprint’ Effort to Provide Regulation Clarity
On August 1, the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) launched the “Crypto Sprint” initiative in response to the White House’s recent report on digital assets. Operation ‘Make America the Crypto Capital of... -
Midl Raises $2.4M to Launch Native Smart Contracts and dApps on Bitcoin
Dover, US – Midl, an infrastructure platform enabling native smart contracts and decentralized applications (dApps) on the Bitcoin network, has successfully raised $2.4 million in a seed funding round. This marks a significant step forward for Bitcoin’s decentralized finance (DeFi)...
