USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company announced on April 29. The approval moves Circle closer to obtaining a full Financial Services Permission (FSP) license, allowing it to operate as a regulated money services provider in the…

The Ethereum Foundation, which backs the development of the Ethereum blockchain, has overhauled its leadership structure to separate the responsibilities of its management team and board of directors. The board will act as the “security council to protect the heart and soul” of the foundation and set visions for Ethereum, while the new management will…

The Stacks Asia DLT Foundation has become the first Bitcoin-based organization to establish an official presence in the Middle East, aiming to promote institutional Bitcoin adoption through expanded educational initiatives. Midd— one of the world’s fastest-growing financial centers — in a move that could boost the adoption of its Bitcoin layer-2 (L2) solution in the Middle…

A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin. Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered to launch the stablecoin, pending regulatory approval,…

Belong’s onchain ChainAtlas scavenger hunt anchors a curated roster of 40 builder panels, mixers and parties that transform Token2049 Dubai into a city-scale Web3 experience. As Token2049 Dubai kicks off April 30 – May 1, the city becomes a playground for Web3, and the real momentum happens off-stage. From zero-knowledge summits to rooftop parties, this…

What is crypto price manipulation? When a coin moons out of nowhere and then crashes just as fast — it is rarely pure market magic. Cryptocurrency price manipulation is the dark art of bending the market to your will. It is when insiders or coordinated groups inflate or crash a coin’s price, not through real demand,…

Opinion by: Hedi Navazan, chief compliance officer at 1inch Web3 needs a clear regulatory system that addresses innovation bottlenecks and user safety in decentralized finance (DeFi). A one-size-fits-all approach cannot be achieved to regulate DeFi. The industry needs custom, risk-based approaches that balance innovation, security and compliance. DeFi’s challenges and rules A common critique is…

United States President Donald Trump recently said that federal income taxes would be “substantially reduced” or potentially eliminated once the tariff regime fully sets in. In an April 27 Truth Social post, Trump added that the focus of the purported tax cuts would be on individuals making less than $200,000 per year. The US President also…

The Donald Trump-backed World Liberty Financial has signed a Letter of Intent with the Pakistan Crypto Council to accelerate crypto adoption in the South Asian country and one of the industry’s fastest-growing markets. Under the partnership, World Liberty will help the Council launch regulatory sandboxes to test blockchain-based products, expand stablecoin applications for remittances and…

United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks. “The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter…