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Home > News > Business > Thailand’s first stablecoin, UAE’s DAO regulation Southeast Asia is one of the fastest growing regions in the world and home to some of the fastest developing economies. This demands fast, cost-effective, and efficient payment and remittance systems. Blockchain and digital assets are filling this void. In Thailand, one of the leading banks has introduced the country’s first stablecoin for cross-border payments and remittances, while in Singapore, banking giant DBS (NASDAQ: DBSDY) has introduced real-time blockchain payments for institutions. The UAE is a regional leader in digital asset regulation, and this time it is targeting…

XRP co-founder Harris has contributed more than $11.8 million to the campaign. PACs supporting Democratic candidates have raised more than $200 million. As the first “US crypto election” approaches, donations to digital assets are flooding in. Prominent figures in the cryptocurrency industry have made their political preferences clear and have not hesitated to direct significant donations to the candidates of their choice. One of the latest contributions comes from Chris Larsen. The co-founder and executive chairman of Ripple (XRP) supports Vice President Kamala Harris. In a post on X (formerly Twitter) dated October 21, the executive revealed the motivation behind…

Stay informed with free updatesSimply sign up for myFT Digest of Exchange Traded Funds, delivered straight to your inbox.The approval of spot crypto exchange-traded funds in the US, Hong Kong and other markets has highlighted the contrasting and conservative approach taken by Japanese regulators.Japan has long billed itself as a digital asset-friendly country as part of its broader ambitions to become a larger wealth management hub. However, at the policy level, there has been a reluctance to boldly lift the tax and regulatory restrictions necessary for widespread use.According to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management, it…

Avalanche Foundation has introduced a new cryptocurrency card powered by Visa. This will allow users to seamlessly use cryptocurrencies at payment points.The Avalanche card, announced on Tuesday, supports Circle’s USD Coin (USDC), Wrapped AVAX (wAVAX), BENQI Liquid Staked AVAX (sAVAX), and other cryptocurrencies.Avalanche Card’s website says the card is available in both physical and virtual formats and can be used “anywhere Visa is accepted.” The card is linked to a “self-custodial wallet and a unique address for each asset,” and although the card is a credit card rather than a debit card, your activity “will not be reported to credit…

The UAE’s new DAO legal framework (DARe) increases the credibility of decentralized organizations and makes it easier for DAOs to interact with the traditional financial system. With its crypto-friendly attitude and favorable regulations, the UAE has established itself as a global leader in blockchain innovation, attracting both emerging and mature DAOs. The UAE continues to strengthen its position as a global hub for Web3 and cryptographic innovation with the recent introduction of RAK DAO’s DAO Association Regime (DARe). This initiative underscores the country’s commitment to fostering an environment in which decentralized organizations can thrive, supported by cryptocurrency-friendly policies. As a…

A prominent crypto analyst who accurately predicted Bitcoin’s collapse in May 2021 has now made a bold call on the meme-inspired cryptocurrency Dogecoin to break through a key resistance level. It points out the possibility of a significant price increase. Pseudonymous trader Dave the Wave, who boasts a huge following of 146,500 on micro-blogging platform , and suggested in a new post that meme coins could soon see a massive price increase. daily chart. Analysts argue that if the digital asset manages to break above this key resistance level, it could signal a significant price rally. It is worth noting…

At the time of writing, Bitcoin was still in the accumulation zone. Long-term investors have good reason to be excited about this cycle’s price performance. Bitcoin (BTC) has risen again. Despite the still bearish weekly structure, the move above the descending channel gave bulls some hope. A “super signal” that flashed recently was considered a strong bullish sign. Source: Farside Investors Bitcoin spot ETFs saw significant inflows last week, according to data from Pharcyde Investors. Through these positive developments, BTC price remained below $70,000. Bitcoin Rainbow Chart is highly recommended to purchase Source: Bitcoin Blockchain Center The Bitcoin Rainbow Chart…

Aurum’s $1 billion fund represents the world’s first combined equity and debt effort, tokenized on the XRP Ledger, to invest in global data centers. Tokenization on XRPL enables efficient 24/7 settlement and liquidity management, strengthening Ripple’s role in real-world asset tokenization. Private equity firm Aurum Equity Partners has announced the launch of a $1 billion tokenized equity and debt fund on the XRP Ledger (XRPL) network. This development is consistent with previous research reports by CNF. In this research report, the XRP community collaborated with Flare and Ripple to explore native staking on XRPL. Billed as “the world’s first combined…

XRPUSD 231024 daily chart Bitcoin fails to break above $68,000 as spot ETF inflows slow down BTC bucked the broader market trend on Tuesday while XRP extended its decline from $0.55. On Monday, October 21st, the US BTC Spot ETF market recorded net inflows of $294.3 million, while iShares Bitcoin Trust (IBIT) reported an impressive net inflow of $329 million. . However, the US BTC spot ETF market may see its seven-day streak of inflows come to an end on Tuesday, October 22nd. According to Farside Investors: ARK 21Shares Bitcoin ETF (ARKB) had net outflows of $134.7 million (previous day:…

A frenzy of airdrop applications for a new Ethereum Layer 2 network called Scroll pushed the price of BLOBs up to $4.52 at one point, marking the third time that BLOBs have become more expensive since Ethereum’s Dencun upgrade in March. . “Scroll airdrop claims just caused a blob market and it’s no longer free,” pseudonymous crypto data analyst Hildby said in an Oct. 22 post on X. He blamed the rise in Blob fees on the Ethereum L2 scroll airdrop. Ethereum L2 Scroll listed its governance token SCR on Binance and airdropped the token to users on October 22nd.…