FTX wins full approval to operate crypto exchange in Dubai
Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house in Dubai, as the Gulf emirate pushes forward with plans to develop its digital asset sector.
The Bahamas-based company said it will start by offering regulated crypto derivatives products and trading services to institutional investors in Dubai as well as operate a nonfungible token marketplace and provide custodial services.
Whale accumulated 43 million XRP
According to Whale Alert, in the last 24 hours, 43,952,090 XRP was transferred from FTX to an unknown wallet. This amount of XRP is worth $16,352,185.
SEC Chair Gensler reiterates anti-crypto stance, pushes exchanges to register
The US Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his long-standing argument about how crypto exchange platforms are liable to register with the Wall Street regulator.
Gensler asked the commission’s officials to work with cryptocurrency exchanges in an attempt to regulate them much like securities exchanges. Furthermore, he noted that the SEC is also in process of getting certain coins to specifically register as securities.
Huge increase in bitcoin mining revenue
The daily miner revenues are now back above $20 million, seeing a 15% growth over the past seven days. The bitcoin miners welcomed this revenue growth, as some of them were in danger of bankruptcy as the industry-wide revenue fell below $18 million – the lowest level since November 2020.
The miner revenue increase is partly caused by last week’s 5% difficulty reduction. This was Bitcoin’s largest downward difficulty adjustment in one year, as the hashrate has fallen 15% from its all-time high in June.
FTX.US opens stock trading to all users nationwide
FTX.US, the U.S. branch of Sam Bankman-Fried-owned FTX, has announced that users across all U.S. states can now trade stock options on the platform after beta testing came to a close.
On Wednesday, July 27th, Brett Harrison, the president of FTX.US, announced the nationwide rollout of FTX Stocks to all of its users. Residents of all 50 states as well as PR and USVI can sign up and trade hundreds of stocks and ETFs from both the web and the FTX US Pro mobile app.
Miami partners with Time, Mastercard, Salesforce to offer NFT collection
Miami Mayor Francis Suarez announced that the city will partner with Time, Mastercard, and Salesforce to roll out a new non-fungible token (NFT) initiative.
Miami plans to offer 5,000 NFTs designed by 56 local artists to represent the 56 square mile area of the city. Those holding the tokens will receive access to Mastercard’s Priceless Miami program, offering experiences, private tours and activities within the city.
Oasis Labs partners with Meta
Oasis Labs announced a new partnership with Meta, and the launch of a platform to assess fairness in Meta’s products, while protecting people’s privacy.
As Meta’s technology partner, Oasis Labs built the platform that uses Secure Multi-Party Computation (SMPC) to safeguard information as Meta asks users on Instagram to take a survey in which they can voluntarily share their race or ethnicity.
SHIBA INU can be used to pay wages
On July 25, NOWPayments, a non-custodial crypto payment gateway, featured a Mass Payments tool, which facilitates the process of paying crypto wages.
Thanks to the new tool, businesses get the opportunity to integrate SHIB salaries and other types of bulk Shiba payments. After that, an employer can create a “mass payout,” upload wallet addresses and the salaries will be paid automatically.
WING rises 179.61% after 24h
WING, the native token of the Wing Finance ecosystem, witnessed an impressive growth of 179.61% to a price of $20.301 after a few days fluctuating around $5.634 – $6.286.
Based on the price movement over the last week, WING has gained 210.34%. With these achievements, WING is now leading the Top Gainers on the ONUS app.
Investors moved 28 thousand BTC away from exchanges
According to Watcher.Guru, 27,878 BTC has been taken off exchanges in the last 30 days. This amount of Bitcoin is worth $644.8 million.