Introduction The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE) has recently announced updates to its Anti-Money Laundering (AML) and sanctions rules, expanding its regulations to include digital assets. This move aligns with international standards, particularly the Financial Action Task Force’s (FATF) Travel Rule, to combat money laundering and terrorism financing effectively.
The music industry is constantly evolving, and artists are always on the lookout for innovative ways to share and monetize their creations. A groundbreaking partnership has emerged between Sound and BASE, an Ethereum layer 2 platform developed by Coinbase. This collaboration presents a unique opportunity for artists to explore the world of blockchain technology and
Shibarium, the Shiba Inu Layer 2 network, has been making significant strides in recent weeks, defying initial expectations and surpassing major milestones. After a period of decline in usage following its launch, the Ethereum-based layer 2 network experienced a renaissance when market conditions improved in December. This resurgence has resulted in an explosive growth rate,
Recently, a crypto market analyst shared his bullish outlook on the altcoin market in a video posted on Dec. 21. According to the analyst, the total cryptocurrency market cap, excluding Bitcoin (BTC) and Ethereum (ETH), has broken above key resistance levels. This breakthrough indicates a potential new bull market phase for altcoins. The analyst predicts
The PancakeSwap community is proposing a significant reduction in the overall supply cap of its native token, CAKE. Currently set at 750 million, a newly unveiled proposal suggests decreasing the total supply limit to 450 million. This proposal is driven by CAKE’s consistent deflation over the past few months and PancakeSwap’s focus on advancing towards
Near Protocol, a popular blockchain platform, has caught the attention of traders with its recent surge in price. With a staggering 20% increase in NEAR’s price, many are wondering if it’s too late to invest in Near Protocol. The platform has experienced exceptional growth, becoming the number one blockchain in terms of daily active users
The on-chain data reveals a concerning trend as XRP whales have been making exchange inflows in the past day. These transactions, totaling four and each worth at least $10.9 million, have caught the attention of market observers. Given the significant value involved in these transactions, it is highly likely that whale entities are behind them.
In a bold move to revolutionize the gaming industry, Oasys, a leading blockchain platform, has recently announced its dynamic partnership with Datachain and Toki to enhance the interoperability of Web3 games developed on its network. This collaboration marks a significant milestone for Oasys as it seeks to expand its ecosystem and solidify its position as
In the ever-evolving world of cryptocurrency, decentralized exchange (DEX)-launched tokens have been causing seismic rallies. The latest contenders, CHEEBS and AVAXINU, have managed to mount impressive 150x rallies overnight, attracting the attention of traders who are seeking the next skyrocketing meme coin. This trend of explosive moves in DEX-traded tokens has been observed over the
In an effort to pave the way for institutional adoption of digital assets, Yellow Network, a cutting-edge Layer3 blockchain platform, is set to launch its beta testnet. With a focus on revolutionizing finance by addressing the challenges of counterparty risk, fragmented liquidity, and poor user experience, Yellow aims to create a transparent financial system combining
