others
Mad Lads creator Backpack to launch licensed crypto exchange in Dubai – Crypto News
Backpack, the Web3 wallet firm behind the Mad Lads non-fungible token (NFT) collection, announced today that it is launching a cryptocurrency exchange after receiving a license from the Dubai Virtual Assets Regulatory Authority (VARA).
See related article: Little-known FTX co-founder Gary Wang testifies in Sam Bankman-Fried trial
Fast Facts
- VARA’s virtual asset service provider (VASP) license allows firms to offer crypto services to qualified investors and institutional customers in Dubai.
- Dubbed Backpack Exchange, the trading platform will launch its beta version next month and open for the general public in the first quarter of 2024, Backpack announced in a press release on Tuesday.
- The platform will use zero-knowledge proofs, a verification method that will be used to validate the exchange’s reserves. Backpack said it will also use multi-party computation, a security protocol that allows multiple entities to custody assets, as well as low latency trading, an algorithmic trading process designed for faster executions.
- Backpack said has secured additional operational licenses in other jurisdictions over the past months.
- Backpack’s Solana-based NFT collection Mad Lads sales rose 357% in the 24 hours leading up to 9:20 p.m. in Hong Kong, to US$588,856, according to CryptoSlam. Despite the sales increase, the Forkast SOL NFT Composite fell 1.59% to 607.02 points.
See related article: Crypto trust on trial: Bankman-Fried faces judgment
-
others1 week agoMETA stock has lower gaps to fill – Crypto News
-
Cryptocurrency5 days agoAndrew Tate Buys $5 Million Worth of Bitcoin Hours Before Crash – Crypto News
-
Cryptocurrency1 week ago
After 1,993% Burn Spike, Is Shiba Inu Price Set for a Major Trend Reversal? – Crypto News
-
Cryptocurrency4 days agoBitcoin tests $100K support after massive liquidation event rocks market – Crypto News
-
Cryptocurrency4 days agoMany Crypto Treasury Companies Were a Get-Rich-Quick Trap, Warns Columbia Professor – Crypto News
-
Cryptocurrency4 days agoStrategy IPO redefines corporate Bitcoin strategy with euro-denominated offering – Crypto News
-
Blockchain1 week agoSmart Money Buys the Dip – Crypto News
-
Metaverse1 week agoAI boom is just beginning – Nvidia CEO Jensen Huang explains what’s driving the virtuous cycle – Crypto News
-
Cryptocurrency1 week agoZIGChain eyes gains as Nasdaq-Listed SEGG Media backs ZIG – Crypto News
-
Cryptocurrency5 days ago
Andrew Tate Buys $5 Million Worth of Bitcoin Hours Before Crash – Crypto News
-
Cryptocurrency4 days agoLitecoin: $855K ETF inflow sparks new life – Next target is $105 IF… – Crypto News
-
Business1 week ago
Not L1s or Wallets – Who Generates the Bulk of Crypto’s $20B in Revenue? – Crypto News
-
Blockchain1 week agoBasel Reportedly Aims for Friendlier Crypto Bank Guidelines – Crypto News
-
Cryptocurrency1 week agoHBAR under pressure, Descending channel hints at 24% downside move – Crypto News
-
Cryptocurrency6 days agoRipple Just Made XRP and RLUSD Tradeable Like Stocks: Here’s How – Crypto News
-
Blockchain6 days agoStablecoin Orchestration Becomes FinTech Battleground – Crypto News
-
others5 days ago
“Never Had Plans to Sue Binance,” Wintermute CEO Evgeny Gaevoy Confirms – Crypto News
-
Cryptocurrency4 days agoBittensor (TAO) plunges 16% amid broader crypto sell-off – Crypto News
-
Blockchain1 week agoXRP Chart Mirrors Gold Right Before Its Parabolic Run – Crypto News
-
others1 week agoGBP/USD tests six months lows as Pound Sterling continues to sink – Crypto News
-
Technology1 week ago
XRP Price Outlook as ETF Nears Possible November 13 Launch – Crypto News
-
Cryptocurrency1 week agoIs the Market Finally Learning to Handle Volatility? – Crypto News
-
others1 week ago
Russia S&P Global Manufacturing PMI dipped from previous 48.2 to 48 in October – Crypto News
-
Metaverse1 week agoPerplexity AI CEO Aravind Srinivas touts new feature revealing Indian politicians’ stock holdings—How will it work? – Crypto News
-
others1 week ago
Pi Coin Price Prediction After AI Investment Announcement – Is a Bull Run Ahead? – Crypto News
-
Blockchain1 week agoChainlink Maintains Its Base, But One Push Could Flip Sentiment Fast – Crypto News
-
Blockchain6 days agoTokenized Treasuries cross $8.6B as banks and exchanges push collateral use – Crypto News
-
Business1 week ago
Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal – Crypto News
-
others1 week ago
Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds – Crypto News
-
Technology1 week ago
Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch – Crypto News
-
De-fi1 week agoFourMeme Surpasses Pumpfun With $43 Million in Monthly Revenue – Crypto News
-
Technology1 week agoGHOST extends rally as whale scoops 4.8 million tokens – Crypto News
-
Technology1 week agoCities Deploy Robots as Firefighters, Tour Guides and Lawnmowers – Crypto News
-
others1 week agoGBP/USD hits seven-month low as UK fiscal woes, Fed hawkishness weigh – Crypto News
-
Blockchain1 week agoBitcoin In IPO Phase As Early Holders Give Way to New Investors – Crypto News
-
Cryptocurrency6 days ago
Crypto Market Crash as $595.8M in Longs is Liquidated, Bitcoin Slides to $105,000 – Crypto News
-
Cryptocurrency5 days agoPi Network (PI) News Today: November 4th – Crypto News
-
Blockchain5 days agoChainalysis Warns of ‘Concerning’ Vulnerabilities in DeFi Platforms – Crypto News
-
others5 days ago
AI Bubble: Big Short Legend Michael Burry Bets Against AI Giants As NVIDIA And Palantir Stocks Dip – Crypto News
-
Cryptocurrency4 days ago
Dogecoin Price Risks 20% Crash as Death Cross Aligns With Falling DOGE ETF Inflows – Crypto News
-
Blockchain1 week agoBitcoin Sparks Fresh Crash Warnings as BTC Price Falls to $107,000 – Crypto News
-
De-fi1 week agoNEAR Cuts Inflation Rate by Half Despite Failed Community Vote – Crypto News
-
Blockchain1 week agoJPMorgan Uses In-House Blockchain to Tokenize PE Fund – Crypto News
-
Blockchain1 week agoQuantum Computing Still Years from Threatening Bitcoin, Says VC Amit Mehra – Crypto News
-
Technology1 week ago
Why Is TAO Price Skyrocketing Today? – Crypto News
-
Metaverse1 week agoDoes Nvidia’s $5-trillion feat raise the spectre of an AI winter? – Crypto News
-
Blockchain7 days agoWill Bitcoin’s Latest Sunday Pump be Different This Time? – Crypto News
-
Cryptocurrency5 days agoGold declined but still outperformed BTC last week – Crypto News
-
Metaverse4 days agoPaytm is getting AI! Vijay Shekhar Sharma drops cryptic teaser ahead of launch – Crypto News
-
others1 week ago
Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days – Crypto News