Market focus

Popular crypto exchanges FTX and Binance have received new licenses to operate in Dubai and Bahrain. Crypto giants are setting up the stage for a major push in the Middle East. FTX’s European and Middle East affiliate (FTX Europe & MENA) announced Tuesday it had been licensed to establish and operate Virtual Asset Exchange and…

Breaking crypto news from the last week (Mar. 12 – 18, 2022): Mar. 12: Fir Tree Capital Management, a $4 billion New York-based hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators and fears over ties to the Chinese debt market. Mar. 13: Art Dubai, held on March…

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…

Gauntlet, a DeFi financial-risk modeling platform for crypto lending, raised a new round of funding that pushed its valuation to $1 billion. The company plans to use the capital injection to scale the platform to operate on multiple networks and expand into new areas such as gaming. On March 14, Gauntlet said that it had…

The US Executive Office has finally published its long-awaited order on cryptocurrencies. Much to the market’s relief, it contains no new regulations or restrictions. The document’s foremost purpose seems to be preparing the US authorities for the new financial world with a radically increased role of cryptocurrencies. The key takeaway from Joe Biden’s executive order…

Fir Tree Capital Management, a $4 billion New York-based hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators and fears over ties to the Chinese debt market. According to Bloomberg, Fir Tree has constructed a way to short Tether in an “asymmetric trade.” That means the risk is…