UK crypto industry publishes Travel Rule navigation guide
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company. Source link
Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Source link
UAE central bank approves licensing system for stablecoins
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens. Source link
Bitcoin NFTs hit $4B in all-time sales volume
Bitcoin holds the top 4 spot in all-time NFT sales volume, following Ethereum, Solana and Ronin. Source link
Dubai financial regulator updates crypto token rules for funds
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens. Source link
Bitcoin transaction value hits yearly high with $25B moved
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions. Source link
What comes after spot Ether ETF approvals? Execs weigh in
Consensys director of global regulatory matters Bill Hughes interpreted the approval as an admission that Ether is a commodity. Source link
UAE agriculture authority prohibits crypto mining on farms: Report
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722. Source link
MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter
In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor…
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CZ departure, Binance deal lead to purge of $175M of crypto longs
As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions. On Nov. 21, developments in Binance and CZ’s case with…
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