Dubai state-owned bank Emirates NBD debuts crypto trading on Liv X app
Dubai-state-run Emirates NBD, one of the largest banking groups in the region, is making a groundbreaking move by launching crypto trading services. This exciting development is a result of their partnership with Aquanow and Zodia Custody, two leading companies in the crypto space.
With the increasing popularity and adoption of cryptocurrencies, it comes as no surprise that a major bank like Emirates NBD is venturing into this market. This move not only showcases their forward-thinking approach but also highlights the growing acceptance of digital assets in the traditional financial sector.
Through this collaboration, Emirates NBD will be able to offer its customers a secure and regulated platform to buy, sell, and store cryptocurrencies. This is a significant step towards bridging the gap between traditional banking and the crypto world, providing customers with a seamless and convenient experience.
Aquanow, a digital asset trading platform, will provide the necessary technology and infrastructure for Emirates NBD’s crypto trading services. On the other hand, Zodia Custody, a regulated digital asset custodian, will ensure the safekeeping of customers’ crypto assets.
This partnership not only benefits Emirates NBD and its customers but also the overall crypto market. It adds credibility and legitimacy to the industry, attracting more institutional investors and mainstream adoption.
The timing of this launch is also noteworthy, as the crypto market is experiencing a surge in interest and value. With Emirates NBD’s entry into the market, we can expect to see a significant increase in the number of people investing in cryptocurrencies.
In conclusion, the collaboration between Emirates NBD, Aquanow, and Zodia Custody marks a significant milestone in the world of finance. It not only showcases the potential of cryptocurrencies but also highlights the importance of collaboration between traditional banking and the crypto industry. This is a step towards a more inclusive and innovative financial landscape, and we can’t wait to see what the future holds.
ETHDenver 2025 includes policy at developer-centric event
John Paller, the visionary founder of ETHDenver, has made it clear that the highly anticipated crypto conference will not be relocating to a different state in the US. Despite the recent surge in COVID-19 cases and the possibility of stricter regulations, Paller remains confident in the success of the event and the safety measures in place.
ETHDenver, known as the largest Ethereum-based hackathon in the world, has gained immense popularity and has become a must-attend event for crypto enthusiasts and industry leaders. With its unique blend of education, networking, and innovation, it’s no surprise that the conference has seen a significant increase in attendance and interest over the years.
Paller’s statement comes amidst concerns about the rising number of COVID-19 cases in the US and the potential impact on large gatherings. However, he reassures attendees that the organizers have been closely monitoring the situation and have implemented strict safety protocols to ensure the well-being of all participants.
The conference, which is set to take place in Denver, Colorado, has become a staple in the crypto community, attracting top-notch speakers, sponsors, and attendees from all over the world. Moving the event to a different state would not only disrupt the plans of those who have already made arrangements to attend, but it would also take away from the unique atmosphere and charm that ETHDenver has become known for.
Paller’s unwavering commitment to keeping the conference in its original location is a testament to his dedication to the crypto community and his belief in the power of in-person events. With the success of previous years and the excitement surrounding this year’s event, it’s safe to say that ETHDenver will continue to be a highlight in the crypto world for years to come. So mark your calendars and get ready to experience the magic of ETHDenver in the beautiful state of Colorado.
Trump’s commerce secretary hints at Bitcoin-only strategic reserve
In a recent interview, Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, shared his thoughts on the future of Bitcoin and its potential role in the US crypto reserve. Lutnick believes that Bitcoin will be treated differently than other assets that are expected to be included in the reserve.
Lutnick’s statement comes at a time when there is growing speculation about the US government’s plans for a crypto reserve. Many experts believe that the government is considering adding a basket of cryptocurrencies, including Bitcoin, to its reserve in order to diversify its assets and hedge against inflation.
However, Lutnick believes that Bitcoin will not be treated the same as other assets in the reserve. He argues that Bitcoin’s decentralized nature and limited supply make it a unique asset that cannot be compared to traditional currencies or even other cryptocurrencies. This could mean that Bitcoin may have a different role or purpose within the reserve, separate from other assets.
Lutnick’s views on Bitcoin are not surprising, given his background in traditional finance. Cantor Fitzgerald is a major player in the financial services industry, and Lutnick himself has been a vocal critic of Bitcoin in the past. However, his recent comments show a shift in his perspective, as he acknowledges the potential of Bitcoin and its growing influence in the financial world.
Despite his reservations, Lutnick recognizes that Bitcoin has gained mainstream acceptance and is here to stay. He believes that it will continue to grow in value and importance, and that it will play a significant role in the future of finance. As for its role in the US crypto reserve, only time will tell how it will be treated and what impact it will have on the reserve’s overall performance.
In conclusion, Lutnick’s insights offer a unique perspective on the potential role of Bitcoin in the US crypto reserve. While it may be treated differently than other assets, there is no denying the growing importance and influence of Bitcoin in the financial world. As the crypto market continues to evolve, it will be interesting to see how Bitcoin and other cryptocurrencies shape the future of finance.
Ripple ‘should act in its own interest’ when selling XRP — Ripple CTO
In a recent statement, Ripple’s Chief Technology Officer, David “JoelKatz” Schwartz, addressed the ongoing criticism surrounding the company’s sales of XRP. As one of the top cryptocurrencies in the market, XRP has faced scrutiny for its fluctuating value and the role of Ripple in its price movements.
Schwartz firmly stated that Ripple has every right to act in its own interest, just like any other company. He emphasized that Ripple is a business and must make decisions that benefit its growth and success. This includes selling XRP to fund operations, partnerships, and investments.
However, Schwartz also acknowledged the concerns of the XRP community and assured that Ripple is committed to responsible and transparent sales. He explained that the company has been gradually reducing its XRP sales and has even suspended programmatic sales altogether. This move was made to address the concerns of market participants and to support the overall health of the XRP ecosystem.
Furthermore, Schwartz highlighted that Ripple’s sales of XRP are not the sole factor affecting its price. He pointed out that the market is influenced by various factors, including demand, adoption, and regulatory developments. He also noted that Ripple’s sales are a small fraction of the total XRP trading volume, and the company has no control over how individuals or institutions choose to use or hold XRP.
In conclusion, Schwartz emphasized that Ripple is committed to the success of XRP and the overall growth of the cryptocurrency market. He urged the community to focus on the progress and potential of XRP, rather than solely on its price movements. As Ripple continues to innovate and expand its partnerships, the future of XRP looks promising, and the company will continue to act in its own interest to drive its success.
Solana sees $485M outflows in February as crypto capital flees to ‘safety’
The cryptocurrency market has been a rollercoaster ride in recent times, with various factors influencing the flow of investor capital. From macroeconomic conditions to the rise of memecoin scams, the industry has faced its fair share of challenges. However, one event that shook the market to its core was the largest-ever hack in the history of the cryptocurrency industry.
As a result of these events, investors have become more cautious and are seeking out safer assets to protect their capital. This has led to a significant increase in the demand for stablecoins and real-world assets (RWAs). These assets are seen as a more stable and secure option compared to the volatile nature of cryptocurrencies.
One of the main reasons for this shift towards stablecoins and RWAs is the uncertainty surrounding the global economy. With the ongoing pandemic and its impact on various industries, investors are looking for more stable options to safeguard their investments. This has led to a surge in the popularity of stablecoins, which are pegged to a fiat currency or a basket of assets, providing a sense of stability and security.
Moreover, the rise of memecoin scams has also played a role in driving investors towards stablecoins and RWAs. With the increasing number of fraudulent projects in the market, investors are becoming more cautious and are seeking out legitimate and trustworthy options. Stablecoins and RWAs, being backed by real-world assets, provide a level of transparency and credibility that is lacking in many cryptocurrencies.
The recent hack of a major cryptocurrency exchange, resulting in the loss of millions of dollars, has also highlighted the need for more secure and stable options in the market. This has further fueled the demand for stablecoins and RWAs, as investors are looking for alternatives that offer better protection against such incidents.
In conclusion, the current state of the cryptocurrency market has led to a significant increase in the demand for stablecoins and RWAs. With macroeconomic factors, memecoin scams, and security concerns driving investors towards these assets, it is clear that they have become an essential part of the cryptocurrency ecosystem.
US Senate passes resolution to kill ‘unworkable’ IRS DeFi broker rule
The recent decision by the US Senate to repeal an IRS rule has sparked a heated debate among lawmakers and cryptocurrency enthusiasts alike. The rule, which requires cryptocurrency exchanges to report customer information to the IRS, has been met with strong opposition from those who value privacy and decentralization.
The resolution to repeal the rule was passed by the Senate with a narrow margin and will now need to pass the House before it can be sent to President Donald Trump for final approval. Trump has already indicated his support for killing the rule, citing concerns over government overreach and the potential for infringement on individual rights.
The controversial IRS rule, which was implemented in 2014, has been a source of contention for the cryptocurrency community since its inception. Many argue that it goes against the very principles of cryptocurrency, which was created as a decentralized and anonymous form of currency. The rule requires exchanges to collect and report customer information, including names, addresses, and transaction details, to the IRS in an effort to crack down on tax evasion.
Critics of the rule argue that it not only violates the privacy of cryptocurrency users, but also creates an unnecessary burden for exchanges and stifles innovation in the industry. They also point out that the rule unfairly targets cryptocurrency, as traditional financial institutions are not subject to the same reporting requirements.
Proponents of the rule argue that it is necessary for the government to have oversight and regulation in the cryptocurrency space in order to prevent illegal activities such as money laundering and terrorist financing. They also argue that the rule is in line with existing tax laws and helps to ensure that individuals are paying their fair share of taxes.
The repeal of the IRS rule has the potential to significantly impact the future of cryptocurrency in the United States. If passed, it could pave the way for a more favorable regulatory environment and encourage further adoption of cryptocurrency. However, it remains to be seen whether the House and President Trump will support the repeal, and the outcome of this decision will undoubtedly have a significant impact on the future of cryptocurrency in the US.
Reddit co-founder trying to buy TikTok and bring it ‘on chain’
In a recent turn of events, Reddit co-founder Alexis Ohanian has made a bold move to join a deal that aims to bring TikTok under US ownership. This decision comes as a response to the Trump administration’s threat of a nationwide ban on the popular video-sharing app.
Ohanian, who is also known for his successful venture capital firm Initialized Capital, has joined forces with other investors to help TikTok avoid the looming ban. The deal involves a partnership between Oracle and Walmart, with the former taking a 12.5% stake in the company and the latter taking a 7.5% stake. The remaining 80% will be owned by TikTok’s parent company, ByteDance.
This move by Ohanian is not only a strategic business decision, but also a personal one. As a father to a young daughter, he understands the impact that TikTok has on the younger generation and the potential loss they would face if the app were to be banned. He believes that TikTok has the potential to be a valuable platform for creativity and self-expression, and he wants to ensure that it continues to thrive in the US market.
The deal is still awaiting approval from the US government, but Ohanian remains optimistic about its success. He believes that this partnership will not only save TikTok from a ban, but also create thousands of jobs and generate significant revenue for the US economy.
Ohanian’s involvement in this deal has sparked excitement and hope among TikTok users and investors alike. With his expertise and influence, he is sure to play a crucial role in securing the future of the app in the US. As the situation continues to unfold, all eyes are on Ohanian and his team to see how they will navigate this challenging yet promising opportunity.
Bitcoin will face ‘significant resistance’ reclaiming $94K: Analysts
Bitcoin may struggle to hold and continue higher above the $94,000 price level it was last trading at on March 3, according to crypto analysts.
Bitcoin price stabilizes near $83K as investors eye S&P 500 recovery
The world of cryptocurrency is constantly evolving, with Bitcoin being at the forefront of this digital revolution. As the pioneer and most popular cryptocurrency, Bitcoin has been making headlines for its price volatility in recent times. However, despite the ups and downs, one thing remains certain – BTC derivatives are still going strong.
Bitcoin’s price has been on a rollercoaster ride, with sudden surges and dips that have left many investors on edge. But amidst all this uncertainty, one thing is clear – whales, or large investors, are not expecting a significant price decline. This is evident from the strong performance of BTC derivatives, which are financial instruments that derive their value from the price of Bitcoin.
Despite the recent market turbulence, BTC derivatives have remained resilient, with trading volumes and open interest reaching record highs. This indicates that institutional investors and high-net-worth individuals are confident in the long-term potential of Bitcoin and are not deterred by short-term price fluctuations.
So why are whales still bullish on Bitcoin? One reason could be the increasing adoption and acceptance of Bitcoin as a legitimate asset class. With major companies like Tesla and Square investing in Bitcoin, and traditional financial institutions offering Bitcoin-related services, the cryptocurrency is gaining mainstream recognition and legitimacy.
Moreover, the limited supply of Bitcoin, with only 21 million coins in existence, makes it a scarce asset that is highly sought after. This scarcity, combined with the growing demand, is a recipe for a potential price increase in the future.
Of course, no one can predict the future of Bitcoin’s price with certainty. But one thing is for sure – BTC derivatives are a strong indicator of the market sentiment, and right now, they are pointing towards a positive outlook for Bitcoin. So, while the price may continue to be volatile, it seems that whales are confident in the long-term potential of this digital currency.
US members of Congress to launch bipartisan ‘Congressional Crypto Caucus’
A new caucus has been formed in the United States with the aim of solidifying the country’s position as a leader in the world of digital assets and blockchain technology. This exciting development comes at a time when the potential of these emerging technologies is being recognized and embraced by governments and industries around the globe.
The formation of this caucus is a significant step towards establishing the US as a frontrunner in the rapidly evolving landscape of digital assets and blockchain innovation. With a focus on promoting and supporting the growth of these technologies, the caucus aims to position the US at the forefront of this digital revolution.
Led by a group of forward-thinking lawmakers, the caucus will work towards creating a favorable regulatory environment for digital assets and blockchain technology. This will not only attract investment and foster innovation, but also ensure that the US remains competitive in the global market.
The potential of digital assets and blockchain technology is immense, with the ability to transform industries such as finance, healthcare, and supply chain management. By harnessing the power of these technologies, the US can drive economic growth and create new opportunities for its citizens.
The formation of this caucus is a testament to the growing recognition of the importance of digital assets and blockchain technology in shaping the future. It also highlights the commitment of the US government to stay ahead of the curve and lead the way in this rapidly evolving field.
As the world becomes increasingly digital, it is crucial for countries to embrace and adapt to these changes. With the formation of this caucus, the US is taking a proactive approach towards harnessing the potential of digital assets and blockchain technology, and securing its position as a global leader in this exciting and transformative space.