Coinbase CEO Brian Armstrong has denied reports that the cryptocurrency exchange is planning to relocate its headquarters overseas to escape the US Securities and Exchange Commission’s (SEC) interference. Armstrong criticized the US for falling behind in cryptocurrency regulations but stated that Coinbase would remain in the US. In an interview with CNBC in Dubai, Armstrong
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Coinbase, the US-based cryptocurrency exchange, is reportedly considering using the United Arab Emirates (UAE) as a hub for its international service in the Middle East and other nearby regions. Coinbase’s VP of International & Business Development, Nana Murugesan, recently tweeted about UAE’s potential to be a strategic hub for the exchange. The exchange’s CEO, Brian
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The cryptocurrency XRP, previously known as Ripple, experienced a 5% decrease in value on Monday. The global market cap also slipped by over 3% during the day. XRP/USD dropped to its intraday low of $0.4333 at the start of the week, less than 24 hours after reaching a high of $0.4606. This decline caused XRP
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LP tokens are not just a representation of one’s assets in DeFi, but they also hold significant value as a fundamental component of the decentralized exchange (DEX) and automated market maker (AMM) used by various decentralized applications (DApps). Liquidity providers earn passive income through transaction-generated fees earned by the liquidity pool in proportion to their
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According to Intelion Data Systems, a major Russian importer and distributor of mining hardware, Russia has the chance to increase its leadership in the field of crypto mining, against the backdrop of negative developments for the industry elsewhere. The company believes that the country’s share in the Bitcoin hashrate could potentially reach 18%, which will
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Investors have been keeping a close eye on $IDEX, a decentralized exchange (DEX) that enables peer-to-peer trading of cryptocurrencies. The platform’s hybrid liquidity system has garnered popularity due to its high-performance order book in centralized exchanges and versatile automatic market making (AMM) integrated into decentralized exchanges. $IDEX’s unique blend of functionalities from a traditional order
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Recycle2Earn, the latest sensation in the world of Web3, has raised over $3 million in its presale from eco-conscious investors. The $ECOTERRA token took only a little over a month to reach this impressive milestone. With only four days left in Stage 4 of the presale, the remaining tokens available are likely to sell out
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Alibaba Cloud has announced a partnership with layer-1 blockchain Avalanche and service layer provider MUA DAO to launch Cloudverse, a metaverse launchpad that will enable businesses to create, deploy, and manage their unique metaverse environments on Avalanche’s blockchain. The partnership was revealed at the Avalanche Summit II event. The aim of Cloudverse is to provide
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The UK Financial Conduct Authority (FCA) has taken action against unregistered crypto ATMs in the country, citing their potential for money laundering. The regulator conducted inspections in Exeter, Sheffield, and Nottingham in collaboration with local police. While crypto ATMs are legal in the UK, they must be registered with the FCA before operating. However, none
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Several New York lawmakers have thrown their support behind a new Crypto Regulation, Protection, Transparency and Oversight (CRPTO) Act. On May 5, New York Attorney General Letitia James introduced the legislation, which would widen the scope of regulatory authority over crypto firms. According to James, the proposed bill will “tighten regulations on the crypto industry
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During her testimony before the Senate Armed Services Committee on May 4, Senator Elizabeth Warren emphasized how cryptocurrency has become the preferred method for countries to evade sanctions, fund weapons programs, support spying, and promote cyber attacks. Warren noted that although much cryptocurrency-related crime is hidden, more than $20 billion in illicit transactions took place
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