Bitget Report: Middle East Crypto Market Surges by 166% YoY
The United Arab Emirates emerges as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation’s progressive stance on digital assets.
Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The United Arab Emirates emerges as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation’s progressive stance on digital assets.
The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting.
The Nigerian government has been pushing the Binance crypto exchange to pay as much as $10B for the significant economic disruption caused.
Mika Siivonen, a tax expert from the Finnish Tax Administration, explained that a lower number of reported traders often corresponds to a higher number of investors who have yet to declare their income taxes.
Shiba Inu developer stated that some network issues among validators led to a temporary outage and the platform is once again functioning normally.
As the NYSE conducts its survey, US regulators are closely scrutinizing an application for the establishment of a 24/7 stock exchange.
The proposed system aims to curb corruption and prevent the misappropriation of funds by granting the public direct access to every budget item.
Ethereum continued its trend of outflows, recording its sixth consecutive week with a $34 million outflow.
Since the halving event, Stacks (STX) token surged by 20%, Elastos’ ELA token has surged by 11%, while SatoshiVM’s SAVM has seen a 5% increase in value.
The exchange also recently partnered with market maker Wintermute to introduce index-linked perpetuals covering crypto meme coins and layer-2 tokens.
Some of the crypto platforms that will be blocked in Thailand include Binance and Bybit among others.
The funding will support blockchain development and the expansion of Shibarium, a key component of the Shiba Inu ecosystem.
A Swiss non-profit group is making a second attempt to convince the central bank to add Bitcoin to its national reserves.
The analyst proposed two potential remedies to EigenLayer’s yield crisis: a bottom-up and a top-down strategy.
Binance has assured users that these adjustments will not disrupt ongoing spot trading or other related functionalities.