Binance Coin is raising. Cardano has doubled in August, becoming the third-largest digital coin, while Avalanche has tripled. Meanwhile, prices for NFTs, mostly funny digital photos or cartoon depictions, are going mad, sometimes quadrupling in a few days. Analysts and investors did not come to a consensus on what’s driving this craze. Some suggest speculators…

Stephen Stonberg, CEO of Bittrex Global, praised the efforts of the UAE authorities to poise a crypto-friendly positioning of the region. Helped by the region’s status as a tax haven, Dubai is poised to benefit from the growing cryptocurrency market in the Middle East, he said in an interview with Bloomberg. Stephen Stonberg, Bittrex CEO…

E-commerce giant Shopping.io has developed a collaboration with TRON that allows TRX holders to spend their tokens on Shopping.io’s platform. The collaboration with Shopping.io will also add to the value of TRON and other cryptocurrencies in the world. Shopping.io’s newest collaboration is with TRON (TRX), one of the world’s largest and most popular blockchain-based operating…

Deloitte, one of the Big Four, surveyed financial leaders as part of its 2021 Global Blockchain Survey, with the results suggesting a transition to digital assets is inevitable. Cybersecurity, regulation, and privacy are seen as the biggest obstacles to the global adoption of digital assets, according to a survey. Of 1,280 executives surveyed across Asia,…

The Reserve Bank of India has announced its first digital currency trials may launch yet in December 2021. RBI governor said that central bank digital currency (CBDC) was being discussed for a while now, and the authorities remained cautious regarding its scale. Speaking on Thursday, the central bank governor Shaktikanta Das told CNBC that the…

Breaking crypto news from the last week (21 – 27 Aug.2021): 21 Aug.: World’s biggest cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) and anti-money-laundering (AML) policy. Binance will limit services for existing users unless they adhere to the new requirements. 22 Aug.:…

Dubai-based token PEAKDEFI (PEAK) has raised on Thursday at 68% for 24 hours. Now, it’s trading above $0.55, ranked at position 249 with a market cap of $286,608,797. PEAKDEFI started a monster rally on Aug. 22 but ran into some volatility as some investors appear to have fixed their profit. However, on Thursday, the coin…

Weiss Crypto Ratings recently bashed Cardano for the Cardano Foundation’s partnership with Coinfirm, saying that the move is disappointing and lead to Cardano’s death. Charles Hoskinson replied to the criticism by claiming that the move will bring clarity for the users. As reported, Cardano Foundation recently teamed up with a well-known provider of AML data,…

After TikTok changed its policies, many TikTok cryptocurrency content creators, who claim they are trying to educate consumers, say their posts are getting censored and taken down for violating community guidelines on TikTok. Some crypto influencers are considering moving to rival platforms. As CNBC reported, at least 11 creators, who have posted educational crypto videos,…

Nabil Al Sayed, a serial startup entrepreneur, has announced the launch on Thursday of NIFTY Souq, a new digital platform where artists and collectors of the Middle East and North Africa region can create and buy NFTs. The new NFT marketplace is going to revolutionize the music and art scene in the Gulf countries. As…