M2, a startup in the fintech and crypto industry, has achieved remarkable success in just over a year. Led by CEO Stefan Kimmel, who previously served as Chief Commercial Officer at Kraken MENA, the company has managed to launch multiple products and overcome various challenges.The team at M2 consists of highly experienced professionals who have […]
Howard Lutnick, the CEO of Cantor Fitzgerald, has expressed his admiration for Tether, a stablecoin issuer, stating that he is a “big fan” of the company. Lutnick revealed that he holds Tether’s treasuries, which currently amount to over $90 billion. Cantor Fitzgerald has been managing Tether’s multi-billion dollar Treasury portfolio for several years, despite other […]
Coinbase and its asset management division, Coinbase Asset Management, have launched Project Diamond, a platform that enables institutional investors to create, buy, and sell digital assets. The platform, developed using Coinbase’s advanced technology stack and layer-2 blockchain, Base, aims to streamline operations and enhance efficiency in institutional capital market activities involving digital assets.Project Diamond has […]
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services. The license is subject to certain conditions that need to be fulfilled before the platform can commence its services. Once all the requirements set by VARA are met, the platform will undergo regulatory […]
Tether, the largest issuer of stablecoin USDT, has implemented a new policy to freeze crypto wallets associated with individuals and entities sanctioned by the US Treasury’s Office of Foreign Asset Control (OFAC). This move aims to strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem.An analysis of the Ethereum blockchain reveals […]
Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco have signed a memorandum of understanding (MoU) to explore collaboration in digital asset investment and semiconductor production projects. The agreement includes the establishment of SBI Middle East in Riyadh as a base for operations in the region.Under the MoU, SBI and […]
Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024. A federal judge determined that there is a flight risk if Zhao is allowed to return to the United Arab Emirates. The judge cited Zhao’s enormous wealth and property abroad, as well as his lack […]
Cryptocurrency exchange Binance’s unit in Abu Dhabi has decided to withdraw its application with the Emirate’s financial regulator. The exchange claims that this move is unrelated to its recent settlement with US authorities. Binance spokesperson stated that the decision was made after assessing the exchange’s global licensing needs. The application, which was withdrawn in November, […]
Cryptocurrency exchange Binance’s unit in Abu Dhabi has decided to withdraw its application with the Emirate’s financial regulator. The exchange claims that this move is unrelated to its recent settlement with US authorities. Binance spokesperson stated that the decision was made after assessing the exchange’s global licensing needs. The application, which was withdrawn in November, […]
Binance founder Changpeng “CZ” Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February. The judge determined that there is a high risk of flight if Zhao is allowed to return to the United Arab Emirates, where he resides.Judge Richard Jones of the Seattle District Court […]
