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Gemini’s official Twitter handle announced today that the exchange would soon begin the process of acquiring a crypto license in the UAE . The team labeled the region to be “a forward-thinking,” “global financial hub” that is establishing itself as a “fast-emerging hub” for crypto . 1/ We’re coming to the UAE! We’re thrilled to announce that Gemini will soon begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). pic.twitter.com/Ycdj9RxMbE — Gemini (@Gemini) June 1, 2023 Also Read: Ripple Partner Ties Up With UAE’s Al Ansari: IPO Soon? Alongside the UAE , regions like Hong Kong also intend to become a base for crypto companies to establish their foundations. Right from softening regulations to opening up trading, a host of measures are being taken by these crypto -friendly countries. According to the official announcement, Gemini representatives met with stakeholders throughout the UAE to learn more about local regul...

Also Read: Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead? advertisement JPMorgan CEO Cautious Over Fed Hike JPMorgan Chase CEO in a recent interaction with Bloomberg shared his take over the role of artificial intelligence, ongoing debt limit deal and economic inflation. Dimon stated that in his view it is time for the Federal Reserve to hit a pause on hiking interest rates. The market has dealt with several big increases. However, there is a possibility that the authority is going to raise a little more from here. He directed that the people should be prepared for the Fed rates to go up a little more as inflation is proving hard to pull. JPMorgan CEO mentioned that it is just a matter of managing a business whether it is a financial company, real estate company, or more. It is essential to be prepared for the volatility which might be created by quantitative tightening. Read More Fed Rate Hike News Here… Reco...

Join Our Telegram channel to stay up to date on breaking news coverage There are presently three new blockchains on presale, and each of them has the potential to become the cryptocurrency industry’s next big thing. This project has the opportunity to provide extraordinary returns of 25x in the event that the initiative becomes successful and is listed on cryptocurrency exchanges. Ecoterra – Blockchain-enabled green initiatives Ecoterra is a financial strategy using blockchain technology to protect the environment from the severe consequences of climate change. This outstanding green Web3 project, which is currently on presale and has raised over $4.4 million, keeps getting a lot of attention. 🌿 Big News! 🚀 Ecoterra has raised $4.4 million and counting! 🙌 Join us in our mission to create a sustainable future and be a part of the eco-friendly revolution 🌍💚https://t.co/1fYkPOsPYG#Presale #Crypto #Sustainability #Gr...

The meme coin frenzy has taken several forms over the years. Dog-themed crypto assets like Shiba Inu [SHIB] and Dogecoin [DOGE] have been dominating the ecosystem for quite some time now. These assets were even part of the very first meme rally that occurred back in November 2021. The second meme coin rally ticked off toward the end of April 2023. This one, however, was ticked off by the advent of a frog-themed crypto asset, Pepe coin. Social media has played a significant role, especially in the post-pandemic era, as these platforms have taken center stage. TikTok, in particular, experienced a remarkable surge in popularity and has become one of the most vastly used platforms. TikTok has seen nearly 5,000 posts tagged with #memecoin, indicating the considerable attention given to this topic. Additionally, the platform has garnered an impressive 33 million views on its #memecoin content. This further emphasized the widespread interest in this subject on TikTok. The United States ...

Lately, the significance of utility has taken the forefront. As the market has seen a multitude of assets emerge, assessing the utility of these assets has become crucial in determining their true value. Shiba Inu [SHIB] entered the market drawing inspiration from the success of Dogecoin [DOGE]. While the meme coin initially performed well, it has encountered difficulties in terms of its price. To enhance the utility and price of SHIB, the network has been consistently conducting token burns and promoting the asset. Unfortunately, these efforts have not yielded favorable results for the coin’s price. Therefore, the question arises: what factors can drive the price of this meme coin? Shibarium could be the answer to all of Shiba Inu’s woes. This upcoming layer-2 network is anticipated to revolutionize the SHIB network with its transformative impact. It is set to become a hub for various developments, including a decentralized exchange [DEX], Metaverse, and games built on Ethereum spe...

The OKX CEO, with Twitter handle Star, has said that the most significant risk for the BRC-20 decentralized exchange (DEX) will be the risk of compliance. According to Star, that risk will border around the DEX accepting deposits without any KYC or AML control. Because bitcoin network don’t support smart contracts, my understanding is the brc20 DEX actually ask users deposit tokens to a centralized wallet and swap them,then sent to users’ wallets. I think the model’s biggest risk is compliance risk which is the centralized wallet… https://t.co/dJfrutTMqo — Star (@star_okx) May 28, 2023 Star observed that the BRC-20 DEX does not support Smart Contracts. Instead, the protocol requires users to deposit crypto tokens to a centralized wallet before swapping. After which, it sends the tokens to users’ wallets. The BRC-20 team, through its official Twitter handle, appreciated Star for his observation. The team explained that its operational model is the same as what is ...

On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000. Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.  According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of the selected projects, namely Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network, and CorgiAi, received upfront seed funding of $30,000 to commence their 12-week program. The chosen projects cover a diverse range of areas, including Web3 game development, decentralized social networking, pet-focused video sharing, smart-contract wallet integration, loyalty platforms for Web3 gaming, exchange aggregation for institutional trading, liquid market...

Benjamin Cowen, a prominent strategist, argues a crypto asset fund reallocation is benefiting Bitcoin (BTC). As individuals abandon altcoins for Bitcoin, Cowen tells his 783,000 YouTube subscribers that Bitcoin dominance is rising. As people move to Bitcoin, Cowen says even Ethereum (ETH) loses value. “The altcoin market is highly illiquid and people are flocking to the relative safety of the blue chips that sends the dominance of Bitcoin higher… The altcoin market bleeds to ETH and Bitcoin. Theoretically, ETH bleeds to Bitcoin as well. The dominance goes up and it sends you the Bitcoin/US dollar valuation higher at the expense of the altcoin market liquidity. At some point, the altcoin market liquidity can no longer sustain the Bitcoin price… as Bitcoin rolls over, the altcoin market gets even more wrecked.” The macroeconomic situation favors Bitcoin over altcoins, according to the prominent crypto analyst. “We essentially have this dynamic wher...

Join Our Telegram channel to stay up to date on breaking news coverage LUNC has recently experienced a decline of 6.33% in its price. However, it has found strong support at $0.00008228, showing a potential rebound. What’s next for LUNC? Here’s today’s LUNC price prediction. Binance Supports Terra Classic Upgrade with Increased Burn Tax Binance supports the upcoming Terra Classic network upgrade, specifically the LUNC network upgrade, which will raise the burn tax rate from 0.2% to 0.5%. The upgrade is based on Proposal 11515 and is scheduled for block height 12,902,400 on May 23.  #Binance will support the Terra $LUNA network upgrade.https://t.co/o1a3dcvgxY — Binance (@binance) July 28, 2022 Binance will temporarily suspend deposit and withdrawal functions for Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) to ensure a smooth upgrade. Binance’s wallets are exempt from the burn tax rate during internal transfers but will incur the tax for external dep...

Celsius Network in consultation with its official committee of unsecured creditors selected Fahrenheit as the winning bidder in the court-approved auction process. Fahrenheit group consists of US Bitcoin Corp, Arrington Capital, Proof Group, Steven Kokinos, and Ravi Kaza. advertisement Fahrenheit Group to Acquire Celsius Network Assets According to an official announcement, Fahrenheit will provide the capital, management team, and technology required to successfully establish and operate a new company as per the bid pursuant to a Chapter 11 plan. Simon Dixon, one of the largest creditors, took to Twitter to reveal that Fahrenheit won the bid to acquire Celsius ’ assets valued at $2 billion and manage the new entity owned by Celsius creditors. 🍎 @FahrenheitHldg won, #BRIC is backup. It's official. Term sheet included. I’ll cover more on my Space tonight # Celsius Creditors https://t.co/jrCiZ7rv2A 🙏 to all who participated. https:...

With the aim of revolutionizing the gaming industry, Immutable hopes to provide simple Web3 solutions, while providing enhanced speed, scale, and flexibility. Moreover, Immutable mentioned that they are “designed for games” by providing various features equipped to meet the different demands of games. Furthermore, Immu table X is a scaling solution for Non-Fungible Tokens (NFTs), that seeks to enable very instantaneous, low-fee transactions, powered by the Ethereum token known as IMX. Staking on Immu table X, voting on the protocol’s future, and paying transaction fees can all be done with IMX. If you are interested in the future of ImmutableX (IMX) and would want to know the price analysis and price prediction of IMX for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article. Table of contents ImmutableX (IMX) Market Overview What is ImmutableX (IMX)? Analysts Views on ImmutableX (IMX) ImmutableX (IMX) Current Market Status ImmutableX (IMX) Price ...