The center claims it has created the world’s first comprehensive set of legal characteristics of digital assets as property in a new, short law. The Dubai International Financial Centre (DIFC), a special economic zone with over 5,000 residents, has announced the passage of a new digital assets law and security law and amendments to existing...Continue Reading

This week’s Crypto Biz covers the buzz surrounding Bitcoin, the outlook for Ether ETFs, Ubisoft as an XPLA validator, Coinbase’s challenges and global banks taking on blockchain. Asset managers expect inflows into Bitcoin (BTC) exchange-traded funds (ETFs) to accelerate further in the second half of 2024. Bitwise, for instance, has been involved in “serious due...Continue Reading

The yield farming app was exploited through a possible private key compromise, according to a CertiK report. Yield farming protocol Mozaic Finance was exploited on March 15 on the Abitrum network, according to a statement from the protocol’s development team. The team claims that the attacker has deposited all the stolen funds to centralized crypto...Continue Reading

The total value locked in DeFi protocols has breached $110 billion — but it’s still short of the $189 billion all-time high recorded in November 2021. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The...Continue Reading

Marathon Digital is closing in on the “Flux Capacitor” when it comes to sheer watts. Marathon Digital Holdings announced on March 15 that it had entered into a definitive agreement with Applied Digital to purchase a 200-megawatt (MW) Bitcoin mining facility located in Texas for $87.3 million.  The agreement specifies that Marathon will pay the...Continue Reading

Ether futures and options reflect pro traders’ confidence in the bull run. Ether (ETH) plunged 10% to $3,567 on March 15, marking its lowest point in over a week. This downturn triggered $126 million in forced liquidations within ETH futures. Investors are now questioning whether this signals a shift away from the recent bullish trend...Continue Reading

The self-proclaimed Queen of the Metaverse sold nearly half-a-million emotes on Roblox off a viral TikTok campaign. Media mogul Paris Hilton’s newest Roblox experience, “Slivingland,” was visited by over 3.2 million users during the period between its launch in Aug. 2023 and Feb. 2024.  According to a report co-authored by Hilton’s 11:11 Media and metaverse...Continue Reading

Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels. Bitcoin’s (BTC) sharp rally is showing signs of a short-term pullback, which could be one of the reasons for the mere $132 million in inflows into the spot Bitcoin exchange-traded...Continue Reading

The Dencun upgrade slashes fees on layer-2 solutions, paving the way for cheaper DeFi and NFTs while laying the groundwork for Ethereum’s future scalability. Dencun, an amalgamation of two separate upgrades — Deneb and Cancun — tackles both Ethereum’s consensus and execution layers in a single upgrade.  Technically a hard fork in blockchain terminology, the...Continue Reading

Bitcoin enthusiasts have suggested the Qatar Investment Authority is considering adding Bitcoin to its portfolio, but the odds of a multibillion-dollar purchase are low. Rumors of a massive Bitcoin (BTC) purchase from the Qatar Investment Authority (QIA) are unlikely to materialize, a local financial executive told Cointelegraph.  The speculation was spread by Bitcoin enthusiasts on...Continue Reading