Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM). EToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as…
Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s…
British multinational bank Standard Chartered will partake in trials of China’s digital yuan central bank digital currency (CBDC), the e-CNY, one of the first foreign banks to do so in the country. According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing Services Co, will allow its clients to purchase, exchange and…
Bitcoin starts a new week keeping traders guessing near its highest levels in 18 months — what’s next? BTC price action has held higher after spiking above $38,000 last week, but since then, a testing “micro-range” has left bulls and bears locked in battle. Whether a deeper retracement will come or a trip to $40,000 will…
Bitcoin deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether, Tron and Tether. In a later post on X (Twitter), Justin Sun said…
Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous organization (DAO) will be returned to its founders, who aim to allocate the remaining treasury to victims of the 2021 hack. In a thread on X (formerly Twitter), Laurence Day, a former…