Ras Al Khaimah, one of the Emirates in the UAE, has launched the RAK Digital Assets Oasis (RAK DAO), a free zone dedicated to digital and virtual asset companies. This initiative aims to attract global crypto players and position the emirate as a forward-thinking hub for emerging technologies. RAK DAO will be the world’s first […]
In a significant development for the Shiba Inu community, Shib CoOp has announced the premiere SHIB token burn on Shibarium, a Metaverse real estate project. This marks a significant step forward for the Layer-2 (L2) blockchain network built on top of Ethereum. Shibarium, which launched over two months ago, is designed to host various decentralized […]
Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi has inaugurated the RAK Digital Assets Oasis (RAK DAO), an economic free zone aimed at supporting companies involved in digital assets, blockchain, Web3, and artificial intelligence (AI). The free zone will cater to service providers in emerging technologies such as the metaverse, blockchain, utility tokens, […]
Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi has inaugurated the RAK Digital Assets Oasis (RAK DAO), an economic free zone aimed at supporting companies involved in digital assets, blockchain, Web3, and artificial intelligence (AI). The free zone will cater to service providers in emerging technologies such as the metaverse, blockchain, utility tokens, […]
Zuger Kantonalbank, Switzerland’s oldest cantonal bank, has made a significant move by introducing trading and custody services for six major cryptocurrencies, with a focus on XRP. This development comes as a result of a collaboration with Sygnum Bank, a leading player in the digital asset sector. Zuger Kantonalbank is the first cantonal bank in Switzerland […]
Billionaire entrepreneurs Elon Musk and Mark Cuban have joined forces to submit a shared amicus brief to the Supreme Court, expressing concerns about the Securities and Exchange Commission’s (SEC) approach to internal proceedings without jury involvement. They argue that these administrative proceedings lead to unequal outcomes for individuals facing SEC charges, potentially infringing on their […]
Tesla has confirmed its commitment to its Bitcoin holdings in its Q3 2023 financial report, despite facing financial challenges. The company maintained its position, holding approximately 9,720 BTC worth over $275 million. This marks the fifth consecutive quarter that Tesla has refrained from selling its cryptocurrency assets. Tesla’s initial investment in Bitcoin in 2021 sparked […]
The United States-based cryptocurrency exchange Coinbase has chosen Ireland as its main European hub for compliance with Europe’s cryptocurrency regulatory framework, known as Markets in Crypto-Assets Regulation (MiCA). This move allows Coinbase to serve the 450 million people across 27 countries in Europe under one regulatory framework and with one national supervisor. Currently, Coinbase holds […]
In a shocking revelation, it has been uncovered that the defunct cryptocurrency exchange FTX allegedly used customer funds to repurchase its stake held by Binance. This has raised concerns about the handling of customer deposits within the crypto industry. During a court hearing, it was disclosed that FTX employed customer deposits for various purposes, including […]
The Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department, is organizing a symposium on tokenization in February 2024. This event aims to spark a public discussion on the potential of tokenizing real-world financial assets and liabilities. The Acting Comptroller, Michael J. Hsu, emphasizes the distinction between crypto and tokenization, […]
