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Abu Dhabi Launches Blockchain Center

Abu Dhabi has officially launched a center dedicated to driving blockchain innovation and establishing the city as a hub for top global events and workshops, connecting industry leaders. The Blockchain Center will also incorporate a venture capital arm to support and invest in Web3 startups. The Blockchain Center aims to encourage the development of the blockchain industry in Abu Dhabi. It aims to make Abu Dhabi one of the key hubs of blockchain innovation, technology, and entrepreneurship...

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Xapo Bank Gets UK License for Interest-Bearing Bitcoin Accounts

Xapo Bank is the first UK bank to offer interest-bearing accounts for Bitcoin and fiat currency. Xapo Bank provides 1% interest on Bitcoin without staking, lending, or locking up assets. Xapo Bank is the first bank to provide interest-bearing accounts in both Bitcoin and fiat currencies. Gibraltar-based bank announced its extension into the United Kingdom on August 5, 2024, This milestone took place under the UK’s passport program, which was approved by the Financial Conduct Authority (FCA),...

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Crypto Market Stunned: DTX Presale Raises Over $1.2M, Attracting Top Traders From THORChain, Aptos and Cosmos

The crypto market is always buzzing with excitement and unexpected events, but now all eyes are on the DTX Exchange (DTX) presale. It has raised more than $1.2M and projections indicate further growth to $2M before August 2024 ends. This achievement has captured the attention of leading traders from top tokens such as THORChain (RUNE), Aptos (APT) and Cosmos (ATOM), positioning DTX Exchange as a key player in the crypto industry. Certain analysts hint that this Stage 2 presale sensation may...

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Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise

Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says Bitwise As noted by Hougan, the NIKKEI – Japan’s stock market index – experienced its worst day since 1987 on Monday, dropping 12% on the...

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AFP Uncovers 2,000 Compromised Australian Crypto Wallets

The Australian Federal Police (AFP) has uncovered that over 2,000 cryptocurrency wallets owned by locals were compromised by offshore scammers, putting millions of dollars in digital assets at risk. This discovery emerged from Operation Spincaster, a global initiative against crypto fraud spearheaded by Chainalysis and locally managed by the AFP-led Joint Policing Cybercrime Coordination Centre (JPC3). Operation Spincaster Uncovers $162M Australia’s involvement in Operation...

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DeFi Protocol Aave Generates Millions in Revenue Amid Crypto Market Downturn

Aave, a decentralized finance (DeFi) protocol, has demonstrated resilience in the face of a general crypto market downturn. The platform has generated $6 million in revenue amid the current market sell-off. Aave Withstands Market Turmoil Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress across 14 active markets on various Layer 1 and Layer 2 blockchains, securing $21 billion in value. Stani noted that...

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