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.
UAE to Implement AML Rules to Digital Assets
By the end of June, the Central Bank of the United Arab Emirates (CBUAE) will enact rules requiring licensed financial institutions to verify the identities of customers.
Binance Plans to Remove Privacy-centered Tokens in Various European Countries
Starting June 26, Binance customers in France, Italy, Poland and Spain will no longer be able to purchase or trade privacy several privacy coins.
Binance Fires Non-performers
Crypto exchange Binance has had to lay off a portion of its 8,000-strong workforce as its market share diminishes and overall trading volumes decline.
Arthur Hayes: Bitcoin Will Enjoy New Rally in 2024
Arthur Hayes, the former CEO of BitMEX, predicted on the What Bitcoin Did podcast that Bitcoin could reach an all-time high before 2024.
Bali Authorities Initiate Campaign Against Cryptos in Tourism Sector
The provincial government of Bali, Indonesia, has announced that they will no longer allow digital assets to be used for payments in hotels, restaurants, shopping centers, and other establishments.
Binance’s Joint Venture Receives a License in Thailand
Gulf Binance, a joint venture between crypto exchange Binance and Gulf Innova Co., has recently been granted a digital asset operator license from the Thai Ministry of Finance.
Ethereum Exchange Balances Almost in Record Lows: Report
The trend of Ethereum diminishing from the total supply on centralized platforms, which Glassnode quantifies as 14.85%, is the lowest it’s been since July 2016.
