Following multiple setbacks with European regulators, Binance has become the first digital asset exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The news comes as the exchange faces regulatory challenges in several European territories, including Germany, the Netherlands, and the U.K. The Operational MVP license, issued The post Binance secures first operational license in Dubai amid regulatory hurdles in Europe. appeared first on CryptoSlate.

The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to stop trading in all cryptocurrencies besides Bitcoin. In an interview with the Financial Times, Brian Armstrong, Coinbase CEO, revealed the US Securities and Exchange Commission (SEC) asked Coinbase to halt trading in all cryptocurrencies except Bitcoin before launching its legal attack against the exchange. The post Coinbase CEO claims SEC said ‘every asset other than Bitcoin is a security’ appeared first on CryptoSlate.

During a relatively stable second quarter, Bitcoin and Ethereum have expanded their shares to over 70% of the total cryptocurrency market capitalization for the first time since April 2021 During the same period, the recently released Crypto Market Insights Report 2023Q2 by TokenInsight indicates the crypto market saw a decrease in the total market capitalization The post Stablecoin decline as ETH staking, Layer-2s see major growth in Q2 2023 appeared first on CryptoSlate.

IoTeX, a leader in the Decentralized Physical Infrastructure Network (DePIN) space, has announced the release of W3bstream Devnet. The infrastructure is designed to provide developers with a cost-effective and efficient way to build DePINs for various sectors such as commerce, consumers, and industry. Decentralized Physical Infrastructure Networks DePIN refers to the blending of traditional physical The post IoTeX launches W3bstream Devnet for accelerated DePIN development appeared first on CryptoSlate.

Crypto.com announced on July 28 it has secured registration approval from De Nederlandsche Bank (DNB) to provide crypto services in the Netherlands. This approval follows Binance’s unsuccessful attempt to secure a similar license earlier this year, with Dutch investors advised to move funds before July 17. Crypto.com granted registration. The granted registration, which came after The post Crypto.com gains Netherlands approval after Binance exit appeared first on CryptoSlate.