Ethereum Network Fees Drop 70% in a Month
In early May, Ethereum’s average fees surged to $14 due to an increase in address activity.
Hong Kong and UAE Will Work Together in Crypto Regulations
The Hong Kong Monetary Authority (HKMA) last week partnered with the Central Bank of the United Arab Emirates (UAE) in efforts to exchange knowledge and ensure transparency and security of digital currency transactions.
Crypto Exchange OSL Wants to Renew its License in Hong Kong
Hong Kong-based regulated crypto exchange OSL has just submitted an application to the SFC to renew its current digital asset trading platform operator license.
Coinbase CEO Criticizes US for Lack of Crypto Regulation
The CEO of Coinbase has published an article in which he has again criticized the US leadership, which is delaying the legalization of the cryptocurrency market.
Gemini Plans to Get Licensed in UAE
Gemini, the crypto exchange owned by the Winklevoss twins, has started the application process for obtaining a service license in the United Arab Emirates (UAE).
PayPal Ventures Invests in Web3 Startup Magic
Magic, a digital-wallet provider that helps companies migrate customers to web3, has raised a total of more than $80 million following a strategic funding round in which PayPal Ventures led a round of investment.
Digital Asset Unit of Investment Bank Cowen is Closing
Cowen Digital, the digital asset division launched by investment bank Cowen in March 2022, is shuttering operations.
