UAE’s Ras Al Khaimah launches free zone for digital assets and Web3
Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3. RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique…
Sberbank to join Russian Central Bank’s Digital Ruble pilot
Russia’s largest bank, Sber, is set to play a vital role in CBDC testing. Sberbank operates several tech solutions including Okko streaming, Citymobil taxi, SberSound, and SberMarket. Russia’s digital currency…
Reserve Bank of Zimbabwe launches gold-backed digital token ZiG
RBZ has launched a gold-backed ZiG digital token to address currency instability and inflation. ZiG offers a stable and versatile investment option, gaining investor interest. Investors have purchased 350kg of…
Nomura Bank’s Laser Digital receives approval for operations in Abu Dhabi
Key takeaways Laser Digital has become the latest digital asset firm to receive approval to operate in Abu Dhabi. The firm is owned by Japanese banking giant Nomura Bank. Laser…
Galaxy Digital reveals plans of ‘aggressively’ expanding in Europe
Galaxy Digital names Leon Marshall its head of Europe operations. The crypto company had recently partnered with DWS in Europe. Galaxy Digital shares are down about 30% versus their YTD…
First Digital USD (FDUSD) reaps big as Binance cease BUSD support
Binance aims to stop support for BUSD by February 2024. The Binance USD stablecoin was being issued by Paxos before the New York Department of Financial Services ordered it to…
Digital asset investment products record largest outflows since March
Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin. It’s the largest weekly outflows total since March 2023, according to a…
Should you own Bitcoin, given the growing adoption of digital currencies?
Cryptocurrencies keep growing in popularity Bitcoin’s price dynamics changed with institutional investors’ adoption Bitcoin is now correlated with assets in the traditional financial market Since digital currencies exist, the industry…
Bitcoin miner Marathon Digital reports a disappointing second quarter
Marathon Digital reports weaker-than-expected results for its fiscal Q2. CEO Fred Thiel was still positive in the press release on Tuesday. Marathon Digital stock is currently up more than 350%…
Galaxy Digital CEO: ‘I’m more comfortable being long Bitcoin today’
Michael Novogratz puts Bitcoin and Gold in the same bucket. Wolfe Research strategist reiterated his bullish view on BTC. Bitcoin is currently up 80% versus the start of the year…