Gemini, Coinbase and Kraken embrace regulation to beat Binance’s dominance

    Gemini, the crypto exchange of Cameron and Tyler Winklevoss, plans to surpass Binance and become the largest crypto exchange by volume, despite Binance’s daily spot trading volume exceeding  Gemini’s by over 100 times. However, given the recent regulatory scrutiny against Binance, embracing regulation could give a competitive advantage to rival exchanges. As Bloomberg reported, Gemini…

    S&P Dow Jones releases 5 more cryptocurrency indices
    15 Jul 2021
    396 Views

    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…

    The U.K. Police confiscate record $250 million worth of crypto in London
    15 Jul 2021
    475 Views

    The British police confiscated £180 million or about $250 million worth of digital assets as part of a thorough investigation for money laundering. The operation was marked as the largest seizure ever executed in the United Kingdom. That’s a record for the Metropolitan Police service, which oversees law enforcement for the Greater London area, breaking…

    Web 3.0 and Web 4.0: could we see the entire Internet on the blockchain?
    15 Jul 2021
    827 Views

    Could blockchain technology become something more than a basis for digital money and applications for various activities, from commerce to governance? Is it possible that the entire Internet will be based on distributed ledger technology? Today, there is a lot of conversations about different concepts of Web 3.0 – after all, the Internet is evolving,…

    NFTs aid to possess digital property rights in the game industry
    14 Jul 2021
    442 Views

    The digital ownership conferred by blockchain will allow the Metaverse to fulfill its true potential as community-owned and community-governed, writes Yat Siu on Cointelegraph. Every day, we hear of more involvement by big industry players (for example, Epic Games and Roblox) as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected…

    UAE announces CBDC launch after 2023
    14 Jul 2021
    447 Views

    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…