AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED…
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Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage platforms, allowing local investors to gain exposure to ethereum through a direct-holding structure.…
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Metaplanet, a company listed on the Tokyo Stock Exchange, has once again expanded its bitcoin (BTC) reserves. On Monday, the firm revealed the purchase of 106.976 BTC for approximately ¥1 billion. This acquisition comes shortly after a similar buy last week, where 108.99 BTC was added to its holdings. With these recent additions, Metaplanet now…
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Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics…
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The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry up to $10,000. This measure…
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On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed since around Oct. 5, approximately…
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A recent survey by Kraken reveals that a significant 83.53% of crypto investors have used dollar-cost averaging (DCA), with 59% employing it as their primary investment strategy. The survey, which polled 1,109 crypto investors, delved into the real-world effectiveness of DCA in helping investors manage market volatility and avoid emotional decision-making. Interestingly, younger investors (18-29…
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Bitcoin staking protocol Babylon has achieved a major milestone, pulling in 23,891.67071126 BTC in confirmed total value locked (TVL) and attracting 25.31K stakers after lifting the cap on its second staking round. This significant increase in participation underscores strong investor confidence and robust demand within Babylon’s decentralized finance (defi) ecosystem. The platform’s aim to provide…
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Alchemy Pay has announced the integration of its virtual card service with Samsung Pay, expanding its reach following the successful launch on Google Pay. This development enables users to seamlessly spend their cryptocurrency holdings at numerous retailers, both online and in-store, through Samsung’s contactless payment platform. With over 500,000 users already on board, Alchemy Pay’s…
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On Tuesday, Oct. 8, 2024, HBO premiered its highly anticipated documentary “Money Electric,” offering a deep dive into the origins of Bitcoin. Directed by Cullen Hoback, renowned for his work on the Qanon series “Q: Into the Storm,” the film brought together a range of voices from the cryptocurrency space, including developers, early adopters, and…
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