“Today, Rain is launching in the UAE, as the first licensed retail exchange,” Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday. “This is a 5 year effort, as we were one of the first exchanges to enquire about licensure back in 2018, when the ADGM released their virtual asset framework,” referring to the Abu Dhabi Global Market financial freezone. Source
Arkham Intelligence, a crypto data provider, has disclosed crucial information regarding the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon. The revelation came from an anonymous sleuth and renowned crypto analyst, ErgoBTC. He won a $5,000 bounty granted by Arkham and submitted the data to Arkham Intelligence for the Arkham Intel Exchange. Over $160m held by Terraform and Do Kwon According to the data, Terraform Labs and Do Kwon currently hold $161.27 million in crypto assets. Despite this impressive figure, the cumulative loss on their…
The previous chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC. On July 24, Massad told the CNBC interviewer that he sees stablecoins as a bridge between “the crypto world and the real world” and that governments should not view them as a fad fated to disappear. The ex-chairman said he is “concerned” that the risks of stablecoins are not being properly addressed by regulators, rather they are kept out…
The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO) — the U.K.’s data regulatory body — acknowledged the launch of the crypto project in the country, and said it would examine the project and make further inquiries concerning data laws, reported Reuters. When Cointelegraph reached out to the ICO to ask about its reported probe into Worldcoin, the agency declined…
In the crypto market, investors and enthusiasts appear interested in Polygon (MATIC), Cardano ADA), and DigiToads (TOADS). These projects were positively influenced by Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC). This ruling seemed to have opened up new growth opportunities. For investors exploring the broader crypto landscape, keeping an eye on potential projects and understanding underlying fundamentals and market trends could be beneficial. DigiToads: potential for growth DigiToads has taken a new approach to crypto and the project may offer diverse avenues for users to earn…
“I’m looking into what tone the Fed will set for the next meetings in September and beyond. We are at an intriguing juncture, as inflation has been receding, but the favorable base effects will be less pronounced from here on. Additionally, the oil price bounced back about 10% over the past few weeks,” David Lawant, head of research at institutional crypto derivatives platform FalconX, said in an email, hinting at the scope for a hawkish Fed talk. Source
The Worldcoin Foundation adheres to strict privacy guidelines and “are continuing to assess local laws and regulations to ensure compliance,” a company spokesperson said. “With regard to GDPR, Worldcoin is fully compliant with all laws and regulations governing biometric data collection and data transfer, including Europe’s General Data Protection Regulation.” Source
To buy NFT mystery boxes on Binance NFT, users can browse, select and purchase boxes on the platform, while sellers can create listings, set prices and provide details for their mystery boxes. Auctions may require placing bids. Step 1: Go to the Binance NFT Marketplace and log in to your account. If you don’t have a Binance account, create one. Step 2: To enter the Mystery Box Market, click on “Explore” in the top navigation bar and then choose “Mystery Box.” Step 3: To identify unopened NFT Mystery Boxes that…
A decentralized autonomous organization (DAO) focusing on gaming has recently warned its users that some of its X accounts were compromised. The company reminded its community that it doesn’t have airdrops, new mints or anything else planned. In a tweet published on July 24, decentralized game publisher Treasure posted that its X accounts, Playontreasure and Playbridgeworld, were taken over by hackers. The organization warned users to refrain from interacting with links shared by the accounts. PSA Please do not interact with links shared by @PlayOnTreasure + @playbridgeworld at this time.…
Wyoming is beginning its work on the state’s stablecoin, or, as it’s called officially, the “stable token” project, by opening a job position for a head of the stable token commission. The potential executive will lead a team, responsible for making a proper legislative framework for the project. The position was opened on the federal government’s website for civil jobs on July 20. The commission is seeking to hire an executive director, who would lead a team, comprised of the Wyoming Governor, State Auditor, State Treasurer and four “expert appointees”.…