Market focus

Crypto firms in the UAE are being flooded with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, Reuters reported. According to sources, some clients are investing with crypto in real estate in the UAE, while others want to use local companies to turn their virtual…

Crypto tokens tied to gold, a traditional inflation hedge, continue to see solid growth amid a turbulent geopolitical backdrop as the specter of stagflation hangs over the global economy. Digital assets backed by gold have seen demand surge since the start of 2022 according to data from Arcane Research. The market cap of PAX Gold…

The last time you dived headlong into the World Wide Web, you probably did so without as much as thinking about it. It has become natural for us: we are always online, our smartphones stay connected to the web, as do the computers we work on, our smart TVs, etc. And soon, the immersion may…

The war that has erupted in Eastern Europe is reshaping the world financial system right before our eyes. The “tectonic” shifts we have written about on multiple occasions may come much earlier than expected, with cryptocurrencies potentially playing a massive role. The entire global system of financial transactions is being reshaped as I am writing…

US President Joe Biden is ready to sign a long-awaited executive order related to cryptocurrency regulations this week, said Bloomberg citing anonymous sources. The order will allow federal agencies to study the impact of crypto on the economy. According to the Bloomberg report, “The order will direct federal agencies to examine potential regulatory changes, as…

Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance after the latest rise in the price of LUNA, Terra’s native token. According to DeFi Llama, Terra currently boasts total value locked (TVL) of over $23 billion, marking an all-time high in US dollar terms. This is…