Dubai authorities and local media have warned investors about a fraudulent cryptocurrency project called “Dubai Coin”, which is allegedly launched as “the official digital currency of Dubai.” Dubai positions itself as a region that creates favorable conditions for the development of blockchain and cryptocurrencies, therefore it does not lack promising projects. On the other hand, the abundance of cryptocurrency startups makes it difficult for inexperienced investors to distinguish reliable firms from scams. Recently, the Dubai

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

The Uniswap community has voted to launch the third version of one of the largest decentralized exchanges on Arbitrum, a second-tier solution for the Ethereum blockchain. Uniswap creator Hayden Adams announced the voting results and revealed that the proposal to deploy Uniswap V3 on Arbitrum received 41.35 million votes from UNI token holders. Work is already underway to plan the update and design the interface. Startup Offchain Labs, which received a $ 3.7 million investment

Analyst firm CipherTrace has added support for the Binance Smart Chain blockchain. The company’s tools will allow you to track suspicious activity on this network. CipherTrace CEO Dave Jevans said that one of the advantages of CipherTrace tools is that they allow you to analyze transactions not only in a particular blockchain, but also interact with all applications built on its basis. Crypto exchanges, banks, over-the-counter (OTC) platforms, custodian wallet developers and various financial institutions

Diem Association chief economist Christian Catalini announced the readiness of Diem stablecoin developers to cooperate with regulators. Diem is marketed as a temporary replacement for the digital US dollar. Since the publication of the Libra (now Diem) White Paper in 2019, this project has received “many blows” from regulators around the world. They began to criticize the not yet launched stablecoin, fearing that its launch could threaten the entire banking industry. Many large companies have

José Fernández da Ponte, VP and Head of Blockchain Development at PayPal, said the company plans to add the function of withdrawing crypto assets to third-party wallets. According to Jose Fernandez da Ponte, the feature is already in development, but he did not specify an approximate date for its release. As of today, the PayPal payment system does not allow users to withdraw cryptocurrencies from the platform, although as of October 2020, US citizens can

According to a study by Harris Poll, 29% of US citizens surveyed know about the comic cryptocurrency DOGE, while only 21% of Americans have heard about the air. In just five years after the launch of Ethereum, developers have introduced the world to smart contracts, decentralized finance (DeFi) and the ability to profit from “profitable farming”. In addition, on the basis of the Ethereum blockchain, non-fungible tokens (NFT) are created, which today are in great

The Reserve Bank of South Africa and the Central Bank of Indonesia have begun exploring the possibility of launching their own digital currencies for retail payments. The Central Bank of South Africa announced that it has begun to study the technical potential of state-owned cryptocurrencies and their economic viability in general. The regulator will focus on how the possible launch of the digital South African rand will affect the country’s economy and its development strategy

DeFi platforms, including well-known and already proven ones, are still susceptible to hacks and attacks, despite passing security audits. At the end of April, EasyFi lost $ 6 million as a result of a hacker attack, and in February 2021 Yearn.Finance suffered $ 11 million in damage. However, these events are not the only examples of compromised DeFi projects, as a result of which people lost money. The total amount of damage from such attacks

Huobi Suspends Miner Services In China Due To New Regulatory Policy Cryptocurrency exchange Huobi has suspended some services and products in several countries and miner hosting services in China in response to a new policy of regulators in the country. At the end of last week, a meeting of the Committee for Financial Stability and Development of China took place, during which it became known that the Chinese authorities could ban mining and trading in