The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted its financial services permission for cryptocurrency firm Rain to offer brokerage and custody services to residents. In a July 25 announcement, Rain said the regulatory approval will allow…

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24…

Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns. Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24. At the time of writing, WLD trades at $2.22, reflecting…

Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active. Bitcoin whale buying and selling in 2023 is mostly from speculative investors, new data reveals. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode shows that contrary to popular belief, opportunistic entities are the most…

The project provides a decentralized and private way to verify human identity online amid the rise of artificial intelligence technologies. Worldcoin, a project partly created by OpenAI CEO Sam Altman, launched the project’s ecosystem token on July 24. The project has continuously split opinions from within the crypto space to Silicon Valley, with some praising…

Brad Garlinghouse has lashed out at the SEC for its “absurd” comments on the Ripple Labs case. Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple. In a July 23 tweet, Garlinghouse slammed the regulator for…