Announcements

The Financial Services Regulatory Authority of Abu Dhabi Global Market has issued a consultation paper regarding NFT rules. The paper proposed significant enhancements to the regulatory framework. As NFTs go mainstream, ADGM may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual…

Crypto exchange FTX announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa,” including also non-fungible tokens (NFTs). A statement released by AZA Finance said the two companies will work to “create pathways for African users to participate and learn about the…

Since the launch of ApeCoin (APE) on March 17, it has gone on to become the most traded token among Ethereum whales. Now, the BAYC trailer posted to social media hints at a 3D gaming metaverse powered by Animoca, while TIME Magazine and other prominent firms will soon begin accepting ApeCoin as payment. Yuga Labs…

BitOasis, the prominent crypto asset trading platform in the MENA region, announced new features that make buying and selling crypto assets easier. The platform allows users to search for tokens they wish to buy or sell using their balance in AED or SAR. The swap feature on BitOasis Core will also help make crypto-to-crypto trading…

Goldman Sachs announced it became the first major US bank to have made an over-the-counter (OTC) cryptocurrency transaction. The bank bought an OTC Bitcoin non-deliverable option (NDO) from Galaxy Digital. The bank’s first OTC crypto transaction could spur other Wall Street giants to follow suit. An OTC Bitcoin NDO sounds complicated, but it basically means…

Fate certainly has a sense of irony. While Russia, Ukraine, and Belarus are engaged in an armed conflict, their citizens have rushed to explore cryptocurrencies. For Ukrainians, it is a way to bring closer the victory, but for citizens of Russia and Belarus, it is a desperate attempt to break away from their severely compromised…