City Dubai Financial News
02.05 / 10:59
business
defi
Investments
lending
Loans
services
ByBit joins crypto exchanges offering crypto lending services
Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users.
24.04 / 20:13
markets
Ethereum
Ether price
fees
Decentralized Exchange
Derivatives
Dapps
network
Support
regulatory
Ether price struggles to maintain support as regulatory challenges and network issues weigh
The Ether (ETH) price has struggled to sustain the $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days and the $548 million in leveraged futures longs liquidated between April 19 and April 21.
24.04 / 16:27
business
KYC
Bybit to introduce mandatory KYC requirements starting May 8
Starting May 8, Know Your Customer (KYC) identity verification will be mandatory for all products and services offered by cryptocurrency exchange Bybit.
22.04 / 06:17
business
regulation
SEC
Fraud
Court
Terraform Labs
Terra
Lawyers
Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation
The lawyers representing Terraform Labs co-founder Do Kwon reportedly argued in court against the allegations pressed by the US Securities and Exchange Commission (SEC). The federal agency had sued Kwon for allegedly defrauding US investors by illegally offering unregistered securities.
21.04 / 13:17
UPS
HANS
Terra
Terraform Labs Co-founder Do Kwon and CFO Charged with Forgery by Montenegro Prosecutors
Terra founder Do Kwon and Terraform Labs’ chief financial officer Han Chang-joon are both accused of forgery by prosecutors in Montenegro.
20.04 / 11:59
regulation
Altcoin
Police
Terraform Labs
Terra
Terra co-founder Do Kwon reportedly indicted for document forgery
Prosecutors in Montenegro have reportedly issued the indictments to Terra co-founder Do Kwon after arresting the executive in late March.
19.04 / 20:27
Law
Stablecoin
regulation
Congress
stablecoin regulation
Lack of stablecoin regulation could push issuers out of US: Austin Campbell
United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.
19.04 / 12:33
regulation
UAE Securities Regulator Opens Door for Crypto Firms' License Applications – Next Crypto Hub?
The United Arab Emirates’ (UAE) Securities & Commodities Authority has announced that it is now accepting applications for licenses by crypto firms wanting to set up offices in the country.
19.04 / 11:21
Binance
Aware
CEO
HANS
Terraform Labs
Bitcoin
Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse
South Korean prosecutors have confirmed that Terraform Labs CEO Do Kwon sent $7 billion to Kim & Chang, a top South Korean law firm, just before the collapse of the Terra ecosystem. The prosecutors believe that Kwon's decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse and anticipated legal problems. The law firm's lawyers also visited Montenegro to meet with Kwon and Terraform's former CFO, Han Chang-joon.
18.04 / 15:07
Blockchain
Legal
DApp
Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection for Babel Finance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
18.04 / 13:09
Blockchain
COST
Provident
Maxim
CEO
Platform
Ft
open
Crypto Family Token (FT) and Family NFTs Renting Open For Community To Join
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
18.04 / 08:45
Aware
CEO
Platform
HANS
Bitcoin
Terraform Labs CEO Sends Millions to Law Firm Before Collapse
South Korean prosecutors have confirmed that Terraform Labs CEO, Do Kwon, sent 9 billion won ($7 billion) to Kim & Chang, a top South Korean law firm, right before the spectacular collapse of the Terra ecosystem. This move by Kwon has been flagged by prosecutors as deliberate, reaffirming his awareness of the impending collapse and anticipated legal problems.
18.04 / 08:15
business
Law
regulation
Bitcoin Regulation
Financial
UAE’s federal financial regulator opens licensing applications for VASPs
The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.
18.04 / 06:05
Blockchain
UPS
Target
Action
lawmaker
Britain could see crypto-specific regulation in the next 12 months, top lawmaker says
Britain could introduce specific laws aimed at regulating the cryptocurrency industry in the next 12 months, a top lawmaker told CNBC.
15.04 / 09:43
business
Law
regulation
LUNC
Terraform Labs
Terra
Lawyers
Do Kwon lawyers received $7 million before Terra collapse: Report
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.
11.04 / 13:38
09.04 / 11:21
Ethereum
Citi
Waves
BTC
Binance
Assurant
Bitcoin
Bitcoin Price Prediction as $10 Billion Trading Volume Comes – Where is BTC Heading Now?
The most well-known cryptocurrencies, Bitcoin and Ethereum, are ending the week on a bearish note, with both coins continuing to lose value. Bitcoin recently fell below $28,000, while Ethereum has fallen to $1,800.
06.04 / 15:59
06.04 / 07:19
business
Law
Adoption
Binance
CFTC
us government
Court
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator.
05.04 / 15:33
Binance
regulation
Dubai regulator demands Binance provide info on ownership, governance: Report
The Virtual Assets Regulatory Authority (VARA), the entity that oversees crypto activities in Dubai, has asked Binance to provide more information about its business requirements in its efforts to tighten regulatory guardrails in the emirate, Bloomberg reported.
04.04 / 14:21
COST
Saudi Arabia’s Oil Production Cuts Reflect Cost of Reshaping Economy
DUBAI—An oil production cut by Saudi Arabia and its allies demonstrated how Crown Prince Mohammed bin Salman is willing to set aside U.S. concerns to pursue a nationalist energy policy aimed at funding an expensive makeover of his kingdom.
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