Revolut Wins Initial UAE Crypto License Approval From VARA
Revolut has just surpassed its first major regulatory milestone in the United Arab Emirates (UAE). Dubai’s Virtual Assets Regulatory Authority (VARA) has granted it in-principle approval
CryptoNews (Latest Publications)
In this section we bring you all the Lastest CryptoNews of Bitcoin (BTC), Cryptocurrencies, Markets, Regulations and everything related to the cryptocurrency sector.
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The information is power and on Crypto-Economy we want you to be aware of the latest news concerning the Crypto-news that has occurred in the past hours.
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Base Founder Reveals Major Strategy Shift Away From Social Apps
TL;DR: Jesse Pollak transfers the leadership of the Base applications team to Jordan Fish, publicly known as “Cobie”. Coinbase’s acquisition of the Echo platform was completed
Summer.fi Confirms Shutdown Following Major USDC Vault Exploit
TL;DR: Summer.fi will wind down operations after the July 6 Lazy Summer Protocol exploit removed the runway needed to rebuild. The Summer.fi app will remain live
Kraken Partners With Upshift to Launch Custom Institutional Crypto Vaults
TL;DR: Kraken Institutional partnered with Upshift to launch permissioned custom vaults accessible through Kraken’s qualified custody solution for eligible clients. Clients can deploy assets into curated
BlackRock Reaffirms $500M Crypto Revenue Goal Despite Market Downturn
TL;DR: Second-quarter financial results: The firm’s digital assets under management (AUM) fell to $49 billion, recording a decrease of approximately 40% compared to the previous year.
Lightspeed, Coinbase and Franklin Templeton Bet on New Crypto Clearing Platform
TL;DR: Glacis Labs raised $6.8 million in seed funding to expand ZeroDelta, with Lightspeed Faction leading and Franklin Templeton plus Coinbase Ventures participating. ZeroDelta supports USDC,
Securitize Teams Up with Cantor Fitzgerald for Tokenized Public Offerings
TL;DR: Securitize and Cantor Fitzgerald will collaborate to enable public companies to conduct IPOs and follow-on offerings onchain. Cantor brings equity capital markets and trading capabilities,
Open USD Poses Existential Threat to Circle’s USDC Margins, CoinShares Says
TL;DR: Robust consortium: The Open Standard initiative is supported by more than 140 globally heavy-hitting corporations, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. Disruptive yield model:
Pump.fun (PUMP) Soars 12% Despite a Massive Token Unlock: Here’s Why
TL;DR: PUMP traded at $0.001656, up 16.54% in 24 hours, after a July 14 unlock of roughly 57.3 billion tokens worth $82 million to $92 million.
Circle Suspended Arbitrage Fund in 2023 Over Suspected Efforts to Aid Competitor Tether
TL;DR:Â In May 2023, Tether held a cumulative position of $504.6 million in Heka’s Elysium fund, a figure that rose to $800 million at the time
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