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According to ChainCatcher News and Cointelegraph, the Central Bank of the United Arab Emirates (CBUAE) has approved in principle the issuance license for the AED stablecoin based on the regulatory framework for payment token services. This makes AED Stablecoin the first authorized entity to issue a dirham-pegged stablecoin in the UAE. Once final approval is received, AE Coin issued by AED Stablecoin will be available as a local trading pair for cryptocurrency transactions, and merchants will be able to accept AE Coin as payment for goods and services. Under the CBUAE licensing framework, stablecoin issuers must either hold the entirety…

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A recent report from cybersecurity firm Checkmarx reveals a dangerous new strain of malware in Python Package Index (PyPI) that aims to steal private keys, mnemonic phrases, and other sensitive data and compromise cryptocurrency wallets. I did. According to a recent report from cybersecurity firm Checkmarx, researchers have discovered a dangerous new type of malware hiding in the popular developer repository Python Package Index (PyPI). Checkmarx claims that the malware aims to steal sensitive data such as private keys and mnemonic phrases, compromising cryptocurrency users’ wallets. The virus is contained in a software package that appears to be a tool…

Under an appeals schedule from pro-crypto attorney Fred Rispoli, the SEC has until December 2, 2024 to file opening briefs related to the appeal. The agency may be extended until January 2025. If President Trump returns to the White House before the SEC files its opening brief, the agency could withdraw the appeal without significant repercussions. XRP capped at $0.55 as appeal uncertainty lingers Despite Monday’s rally, XRP failed to break above $0.55 amid uncertainty over the SEC appeal. Judge Annalisa Torres previously ruled that programmatic sales of XRP did not meet Step 3 of the Howie test. The consensus…

In the cryptocurrency market, presales have emerged as a powerful mechanism for innovative projects to secure funding while offering unique opportunities to early investors. Participating in these pre-sales allows investors to access tokens at prices significantly lower than those available post-launch, often as a project gains traction and recognition in the market. It brings a lot of profit. One such project that is making waves is Bitlauncher. Bitlauncher paves the way for decentralized growth by supporting innovative projects through token-based funding and community-driven DAOs. Meanwhile, Litecoin is testing a key resistance level, with support near $62, and traders are hoping…

Cryptocurrency pre-sales have become an essential part of the existence of cryptocurrencies, as they allow investors to get early stakes in potentially revolutionary projects. Today, in the development of the market, these presales can be an effective and important element for both developers and investors. As some new trends continue to emerge, more project solutions are launched, and first currencies are explored, the bar for crypto presales will definitely be raised. Expected development of the virtual currency presale market after 2024 As 2024 approaches, we can expect major changes in the market, especially in the pre-sale phase. In this article,…

Institutional buying of XRP surged 266%, reflecting growing investor confidence and the possibility of a future bull market. Ripple’s legal battle with the SEC continues to impact market sentiment, but the court’s favorable ruling has increased optimism for XRP’s growth. Amid the legal battle between Ripple and the SEC, XRP has seen a staggering 266% spike in institutional purchases. Last week’s investment amount increased to $1.1 million, a significant increase from $300,000 the previous week. This positive move is especially significant after XRP recently hinted at a potential rally after six years of stagnation, which we discussed in a previous…

According to the latest edition of the “Bitfinex Alpha” report, Bitcoin (BTC) is poised for gains as key on-chain indicators hint at the possibility of further upside after clearing a key resistance level at $63,000. There is a possibility that it will continue.Bitcoin hit a daily and local high of $66,288 on October 14 following a ferocious rally that reignited traders’ optimism on the “Uptober” theory.At the time of writing, BTC was trading at $65,854, up 4.8% in the past 24 hours, based on CryptoSlate data.Key indicators are bullishThe Realized Price of Unspent Transaction Output (UTXO) age band is an…

A man who accidentally dumped a hard drive containing 8,000 Bitcoins worth $500 million in a landfill is suing his local city council for not excavating the site.James Howells, who went down in the history books for accidentally destroying Bitcoin (CRYPTO:BTC), which is currently worth more than $500 million, has taken a major step towards recovering his Bitcoin.What Happened: In a last ditch effort, a Wales-based software engineer sued Newport City Council for approximately GBP 495.31 million, for repeatedly refusing requests to excavate a landfill site to house waste. or filed a lawsuit seeking approximately $647 million in damages. WalesOnline…

KUALA LUMPUR, Malaysia – Malaysia’s stock market is making a steady comeback as billions of dollars are poured into an exchange that was once rated as one of the worst-performing markets in the region. Bursa Malaysia’s benchmark index has risen 17% in the past year, boosted by Malaysia’s strong post-pandemic economic growth and a surge in overseas investment by US tech giants. The Bursa operator said investors opened 289,000 new trading accounts in the first seven months of 2024, almost double the number of accounts opened in all of 2023. “The market appears to be coming out of a ‘lost…