DubaiCoin positioned itself as a regular cryptocurrency, specialized for the UAE market. Its DBIX tokens were traded on various exchanges, and the roadmap looked quite attractive. But it was all a scam. In May of this year, the attention of the cryptocurrency community was drawn to the DubaiCoin digital currency (DBIX token). As stated in…

Robinhood said it anticipates retail trading is slowing down in the third quarter of 2021 relative to the second quarter, especially in cryptocurrencies. Crypto trading accounts for about 17% of Robinhood’s revenue. Popular stock trading app Robinhood warned that potential trading revenue will be lower and new clients as the boom in retail investing starts…

Digital asset manager Grayscale Investments is launching a DeFi Fund and index, as announced by Grayscale CEO Michael Sonnenshein. The new fund joins a growing number of offerings to help investors easily bet on decentralized finance (DeFi). Grayscale Investments, the world’s largest digital currency asset manager, and CoinDesk Indexes, a subsidiary of CoinDesk Inc., the…

One of America’s largest banking establishments, the Bank of America (BofA), has launched a new service enabling to trade of Bitcoin futures, according to Coindesk’s anonymous sources. Some clients reportedly are in the setup process, while some are already live. As two anonymous sources reported Friday, the bank is clearing cash-settled Bitcoin futures, a type…

The popular cryptocurrency exchanger ShapeShift is moving to a decentralized mode of operation. From now on, it will be a DAO controlled by FOX token holders. Switzerland-based multinational company ShapeShift is preparing to close down as a registered legal entity. According to its founder Erik Voorhees, ShapeShift currently employs 65 people, but in a few…

Breaking crypto news from the last week (10 – 16 July 2021): 10 July: The BIS, the IMF, and the World Bank called to the G20 to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive international cooperation, which could be of significant benefit to the world…