Crypto exchange OKX’s Dubai subsidiary received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services. While the company was awarded the license, OKX highlighted that it would remain “non-operational” until it could fulfill the regulator’s requirements. Rifad Mahasneh, OKX’s general manager for the Middle East and North…

SUI, the native token of the Sui layer 1 smart contract platform is making waves in the DeFi sector after posting a 300% move in three months. SUI price and traders’ attention fell to the wayside in October 2023 amid allegations of supply manipulation from South Korean regulators, but recent technical and on-chain data suggest that SUI’s…

Ethereum co-founder Vitalik Buterin has sparked discussion on how various layer 2 scaling solutions are classified, claiming that the blockchain’s validiums are not genuine rollup solutions. On Jan. 16, Buterin agreed with a comment posted to X (Twitter) by Daniel Wang, the founder of the Ethereum rollup solution Taiko, who said if an Ethereum rollup…

Hong Kong-based crypto exchange HashKey has now hit so-called “unicorn” status after raising nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion. In a Jan. 16 announcement, HashKey said the funding round included “prominent institutional investors” and “leading Web3 institutions” but didn’t disclose their identities. Its claimed…

Navigating the complex terrain of decentralized finance (DeFi) toward mass adoption involves balancing technological innovation, user experience and market trust. With the ongoing evolution of Web3 technologies, the importance of developing effective onboarding strategies is more apparent than ever. Changex, an all-in-one personal finance management app, aims to simplify the onboarding process. In this interview, Nino Chanev,…

Market volatility, a defining characteristic of the crypto realm, introduces opportunities and risks, demanding a nuanced understanding and adept strategies for effective decision-making. Within this dynamic environment, the significance of on-chain data emerges as a crucial tool for traders seeking to navigate the intricacies of volatile markets. On-chain data, a term resonating within the realms…