Dubai’s Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The news is in line with the ongoing trend that’s hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.
Tokenized collateral could have helped avoid or lessen the 2022 “liability-driven” crisis, Donna Milrod, chief product officer said in the interview with Financial News.
Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin, says Cyrus Ip, head of content, Bybit.
Just as Shopify democratized e-commerce, enabling millions to open online stores, on-chain rails are poised to lower the barriers to entry in the financial advisory business, says Miguel Kudry.
