Dubai regulator issues regulations for virtual assets marketing Dubai’s Virtual Asset Regulatory Authority (VARA) sets market assurance and consumer protection guardrails for the virtual asset sector. On August 25, VARA announced regulatory guidelines on marketing, advertising, and promotions of virtual assets (VA) across Dubai. The regulations cover all forms of outreach, communications, and advertising, including…

Crypto firms and exchanges dealing in ETH have made announcements informing clients of any preparations needed ahead of the Merge, from proof-of-work (PoW) to proof-of-stake (PoS) consensus. While crypto whales are moving their ETH funds to exchanges as the shift approaches. Crypto exchange Binance has announced preparatory steps for the Ethereum Merge – expected to…

Crypto-friendly rap superstars Eminem and Snoop Dogg will be performing at MTV’s Video Music Awards (VMAs) together on August 28 in a performance inspired by the Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs. The performance will see the stage transformed to reflect the Otherside aesthetic. The show was developed in partnership with Yuga…

Bitcoin’s Lightning Network has been growing at a slow pace. What’s keeping it behind, given its high transaction throughput? – writes Francisco Rodrigues on Cointelegraph. Bitcoin (BTC) changed the world as a decentralized, nongovernmental form of currency that can facilitate peer-to-peer (P2P) transactions that transcend national borders.  But despite this functionality, Bitcoin’s role as a…

The latest data for August indicate that the summer downturn in NFT marketplaces has continued – down 45% for a month. According to The Block’s Data Dashboard, the NFT marketplace volume for August was $369.53 million, compared with $675.43 million in July. OpenSea continues to hold its place as the dominant market leader, with $303.47…

Crypto prices swung as Fed chair Jerome Powell spoke about the pain of inflation in the US. The Fed remains committed to reigning in inflation, even if at some “unfortunate costs.” Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium. He said that FOMC’s overarching directive remains to…

Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…

Itay Tuchman, Citi’s global head of foreign exchange, has left the bank after more than two decades. As one of the chief architects of a push into digital assets in the bank, Tuchman is headed for a job in crypto, a source said. The top executive was one of the chief architects of a push…

Following the US government banning the Ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Ltd. revealed on August 24 that the company would not “freeze Tornado Cash addresses.” The recent blog post about the subject says Tether is waiting for instructions from law enforcement. The stablecoin issuer has yet to receive a request…

On August 24, Mastercard CEO Michael Miebach announced in a LinkedIn post the collaboration with Binance to launch a prepaid card called Binance Card. The card service is set to launch in Argentina first before expanding to other regions. It will allow users to make purchases with a Binance card at over 90 million stores…