Nexo, a cryptocurrency lending platform, has obtained preliminary approval for a license in Dubai from VARA.

On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) granted a Virtual Asset Service Provider (VASP) license to the Bulgarian decentralized lending platform Nexo, allowing it to conduct operations and provide services within and from the Emirates. This approval signifies the initial phase in the acquisition of a complete license, which comprises an initial provisional permit,…

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The trend of meme coins is skyrocketing: a trader accurately anticipates the surge in Myro’s value.

summary Myro experienced an upward breakout hours after Bluntz, a renowned crypto trader on X, made the call. Bluntz forecasted an immediate price reversal from the dip, emphasizing the divine nature of meme coin trends. As anticipated, Myro’s price reversed, resulting in a remarkable 63.92% profit within the first hour. The Influence of Prominent Traders:…

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BRICS Nations Embark on Development of Digital Currencies and Blockchain-Powered Payment Infrastructure

BRICS countries are poised to establish a self-reliant blockchain-driven payment platform, integrating digital currencies to facilitate seamless and economical international transactions. Kremlin aide Yury Ushakov, in an interview with the Russian News Agency TASS, revealed this initiative, emphasizing the coalition’s aim to bolster financial independence from the US dollar by leveraging state-of-the-art digital and blockchain…

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Aiming to recover millions lost in an exploit, Fantom is formulating a multichain liquidation strategy.

The Fantom Foundation, responsible for the development of the Fantom Network, has secured a favorable ruling from the High Court of Singapore in its legal pursuit against the cross-chain protocol Multichain. This legal action stemmed from an unfortunate incident in July 2023 when the Foundation suffered a substantial loss of over $210 million due to…

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Shiba Inu Surpasses XRP in Trading Volume, Rattling the Crypto Market

quick read: Shiba Inu (SHIB) has surpassed the trading volumes of XRP, BNB, and Solana combined, according to recent data from CoinMarketCap. SHIB’s trading volume hit a staggering $13.5 billion, marking a 237% increase in trading activity and overshadowing its competitors’ $12 billion combined total. The meme-inspired cryptocurrency experienced a 380% price surge over the…

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South Korea Rally in Bitcoin and Ethereum! New ATH Arrived in BTC! Here’s Why!

What Led to Bitcoin’s Surpassing of $68,000 and the Kimchi Premium on Upbit? Bitcoin recently achieved a new all-time high (ATH) of over $68,000, with expectations soaring for it to surpass $69,000 shortly. Notably, South Korea’s largest cryptocurrency exchange, Upbit, recorded a price of 96,530,000 Korean won, equivalent to $72,000, on March 5th. This 6%…

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Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit

The Fantom Foundation, the entity responsible for developing the Fantom Network, has secured a favorable judgement from the High Court of Singapore in its legal proceedings against Multichain, a cross-chain protocol. The Foundation found itself at the receiving end of an exploit orchestrated by Multichain in July 2023, resulting in a substantial loss exceeding $210…

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Bitcoin Surges to Record Highs Against the Euro and Multiple Currencies

Bitcoin Achieves Record High Against Euro: Bitcoin has recently reached a significant milestone by surging to a new all-time high against the euro, soaring to an unprecedented value of $65,000. This remarkable achievement underscores Bitcoin’s growing prominence in the financial markets and highlights its resilience as a leading digital asset. On March 4, Bitcoin surpassed…

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Shiba Inu Prices Briefly Dropped 50% on Coinbase

What triggered the significant price fluctuation of Shiba Inu (SHIB) on Coinbase? Shiba Inu (SHIB) experienced a notable price drop of 50% on the U.S. exchange Coinbase during the early hours of Tuesday in Asia. This decline occurred concurrently with a sell-off in major cryptocurrencies, particularly driven by Bitcoin (BTC) movements. SHIB’s price plummeted from…

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