Research by the Bank of Canada has shown mixed views on the adoption of a Canadian digital dollar. Canadian consumers expressed skepticism about early adoption of a central bank digital currency (CBDC) introduced by the Bank of Canada. A research paper released by the Bank on October 28 highlighted Canadians’ long-standing preference for traditional payment […]
Bitcoin Options Traders Eye $80,000 in November
Bitcoin (BTC) options traders are targeting a price of $80,000 for the last days of November, regardless of the outcome of the U.S. presidential election. Open interest (OI) for Bitcoin call contracts expiring at the end of November is concentrated around $80,000, according to data from cryptocurrency exchange Deribit, cited by Bloomberg. The expiration date […]
Ripple Co-Founder Pledges $10 Million to Kamala Harris’ Campaign
Ripple co-founder Chris Larsen has recently contributed more than $10 million to fund the U.S. presidential campaign of Democratic candidate Kamala Harris. Harris Campaign Funding The recent revelations about these donations come from several reports released today, citing data submitted by the U.S. Federal Election Commission (FEC). According to this information, Larsen has donated approximately […]
Elon Musk’s Tesla Moves $760 Million in Bitcoin, Raising Fears of a Massive Liquidation
The cryptocurrency community is abuzz with rumors following Tesla’s transfer of a sizable portion of its Bitcoin (BTC) holdings. More than 11,500 BTC were transferred from wallets linked to the electric car giant to unknown addresses, raising concerns about a potential liquidation. However, despite these transactions, there are no clear indications that Tesla intends to […]
United Arab Emirates Approves First Dirham-Linked Stablecoin
AED Stablecoin Company announced that it has received the first approval from the UAE Central Bank to issue a dirham-backed stablecoin. The United Arab Emirates (UAE) will soon see its first regulated stablecoin. AED Stablecoin LLC has announced that it has received approval in principle from the UAE Central Bank to issue and establish its […]
Cryptocurrencies Exempted from VAT in the United Arab Emirates
The UAE has exempted cryptocurrency transfers and conversions from value-added tax (VAT), making it a more cryptocurrency-friendly jurisdiction for digital asset transactions. The amendments to the UAE’s VAT regulations will exempt transfers and conversions of digital assets, including cryptocurrencies. On October 2, the UAE’s Federal Tax Authority (FTA) made public the amendments to the country’s […]
Cryptocurrency Markets Reeling From Global Uncertainty Over Middle East Conflict
Bitcoin plummeted as the market reacted to the ongoing conflict between Israel and Iran. On a macroeconomic level, crypto-asset markets have been shaken by the escalation of geopolitical tensions between Iran and Israel, challenging the notion of ‘Uptober’ and raising doubts about the role of digital assets like cryptocurrencies during global crises. As the conflict […]
Ripple obtains preliminary license to operate in Dubai
Ripple reported on October 1 that the blockchain company has achieved another regulatory milestone in the United Arab Emirates. Specifically, the Dubai Financial Services Authority (DFSA) has granted Ripple preliminary approval, allowing the company to expand its services and strengthen its presence in the UAE and the Middle East in general. The approval means Ripple […]
Japan Plans to Update Cryptocurrency Rules and Allow Bitcoin ETFs
Japan’s financial regulators are considering reviewing and updating their existing rules for the cryptocurrency sector to make them less stringent, according to recent reports. Bloomberg reported on Monday, citing an anonymous Financial Services Agency (FSA) official, that Japan is contemplating changes to its cryptocurrency regulations. The reform of Japanese regulations is expected to take place […]
SEC Delays Decision on Spot Ethereum ETF Trading Options
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving a rule change to allow options trading in Ethereum exchange-traded funds. In a filing on Tuesday, the SEC announced it was extending the deadline for its decision on Nasdaq ISE’s proposal to list and trade options on the BlackRock iShares Ethereum Trust, […]