Сrypto exchange Bybit announced the launch of leveraged token products on its spot exchange, starting with two Bitcoin leveraged tokens, BTC3L and BTC3S. These leveraged tokens are short-term investment products that let traders reap the benefits of leverage with no margin, collateral or liquidation risks. They have no margin requirement, offering traders a diversified product…

Breaking crypto news from the last week (Apr. 2 – 8, 2022): Apr. 2: Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the UAE and is helping to shape Dubai’s new virtual assets’ regulations, its MENA regional head said. Binance’s activity in the Gulf state has boosted in recent…

In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys show over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Many latest surveys show that young adults are among those in the UAE who are most likely to invest in cryptocurrencies in the near…

The Luna Foundation Guard, a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced that it would buy $200 million worth of AVAX tokens from the Avalanche Foundation to augment its UST reserves. This strategic move pushes forward Terra’s cross-chain development and diversification. The Luna Foundation Guard (LFG) and Terraform Labs (TFL), the two…

Digital currency exchange Crypto.com announced that fighters from the MMA promotion company, Ultimate Fighting Championship (UFC), will be able to win Fight Night bonuses that will be paid in Bitcoin. Fight Night bonus payouts will vary depending on placement, up to $30,000 in Bitcoin for the winners. The Ultimate Fighting Championship, the world’s biggest professional…

Meta is reportedly trying to develop its own token to support its ambition of connecting users through the Metaverse. More tokens may be developed as Meta builds a metaverse, the report outlined. Despite Meta (ex-Facebook) recently giving up on its plans to create the Diem stablecoin, it’s reportedly still interested in creating tokens for use…