The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share…
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The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens.
Changes to the Draft Legislation
The Dubai Financial Services Authority (DFSA), the financial regulatory agency of UAE’s special economic zone, the Dubai…
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Ethereum (ETH) took another step towards the Merge, when the current Ethereum Mainnet will “merge” with the beacon chain proof-of-stake (PoS) system — as configurations for Kiln, the last public testnet before switching to the PoS mining algorithm, have been published. “The configs for the Kiln testnet are out,” said Ethereum Foundation’s Parithosh Jayanthi.…
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Tether chief technology officer Paolo Ardoino claimed CBDCs would primarily replace the age-old payment systems and utilize private blockchain as a modern and cost-controlled tech infrastructure. Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins. Ardoino…
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United States-based crypto exchange Kraken has announced an “ambitious aid package” aiming to distribute USD 10m in bitcoin (BTC) to its Ukrainian clients. Ukrainian users who created a Kraken account prior to March 9 will be eligible to receive USD 1,000 worth of bitcoin starting March 10 and running till the end of the…
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Bitcoin (BTC), ethereum (ETH), and much of the broader crypto market traded sharply lower today, with liquidations of leveraged long positions amplifying the price drop. The crash comes as the market prepares for yet another high US inflation figure, and follows a jump in prices yesterday after details on an Executive Order on crypto…
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Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides. Similarly, most major altcoins are gaining bearish momentum. ETH declined below the USD 2,650 and USD 2,600 support…
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Bitcoin price struggled to clear the USD 42,500 resistance and is currently (04:20 UTC) correcting gains near USD 40,700, while a major support is near the USD 40,000 zone. Similarly, most major altcoins are also moving lower. ETH failed to stay above USD 2,750 and corrected near USD 2,650. XRP outperformed many major coins…
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“Trading with synthetics on THORChain has half the swap fees, making swaps cheaper, cheap gas fees, and faster for traders. You can do near-instant trades at a high volume,” said developer Chad Barraford. The price of the native asset for cross-chain decentralized exchange THORChain (RUNE) has spiked by 34% in a day following the activating…
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The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual…
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