Announcements

Binance is removing its tokenized stock trading feature. The decision comes as Hong Kong’s and Lithuanian regulators issued warnings about the exchange’s registration status. Binance will no longer offer digital versions of stocks like Coinbase, Tesla, and Apple, as the crypto exchange faces growing pressure from regulators worldwide. The world’s biggest digital currency exchange by…

PayPal users can now buy up to $100,000 of Bitcoin and other digital currencies per week, up from a previous limit of $20,000. PayPal users can now buy up to $100,000 of Bitcoin and other digital currencies per week, up from a previous limit of $20,000. The company is also scrapping its annual purchase limit…

Square CEO Jack Dorsey announced on Twitter the fintech company to create a new standalone business that will act as a platform for developers to build decentralized finance (DeFi) projects based on Bitcoin. The new business will combine the efforts of CashApp, Seller, and Tidal in the same goal of decentralized financial services. Dorsey named…

Crypto app CryptoSpend announced Wednesday that Visa to issue a physical debit card that will allow Australians to spend their Bitcoin at local shops. Sydney-based digital assets startup gets approval from the global payment giant to release a spending card down under. According to the Australian Financial Review, CryptoSpend co-founders said that the new card…

According to a company statement, the financial index provider S&P Dow Jones has launched five new cryptocurrency index products, bringing its total number of crypto indices to eight. It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May. Headlining the tranche is a “broad digital market (BDM)” index that…

As Gulf News reported, the United Arab Emirates plans to implement a central bank digital currency (CBDC) as early as 2023, as outlined in a road map for the UAE economic future. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE (CBUAE) intends…