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Filecoin trades thin and underperforms broader crypto markets

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Filecoin fell 0.2% to $1.37 over the past 24 hours as the token underperformed broader crypto markets. The broader market gauge, the CoinDesk 20 Index, was 3% higher at press time. FIL’s trading activity jumped 29% above the seven-day average, signaling increased institutional interest, according to CoinDesk Research’s technical analysis model. The high volumes suggest […]

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ADNOC Distribution to Accept UAE AE Coin Stablecoin at 980 Fuel and Retail Outlets

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ADNOC Distribution, the UAE’s largest fuel and convenience retailer, will begin accepting the AE Coin stablecoin for payments across its retail network of nearly 980 fuel stations across the UAE, Kingdom of Saudi Arabia and Egypt. The retailer has signed a memorandum of understanding with Al Maryah Community Bank to allow customers to pay using

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Citadel Securities and DeFi wage war of words via SEC correspondence

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After a 13-page letter from investment powerhouse Citadel Securities informed the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols dealing with tokenized securities required closer regulatory oversight, the industry responded Friday with its own correspondence, calling the arguments “meritless.” “While we share Citadel’s goals with respect to investor protection, orderly markets, and the

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USDT issuer seeks full takeover, invests $1 billion in soccer club

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Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0002aims to acquire popular Italian football club Juventus FC, increasing its minority stake to 100%. The company said Friday it had submitted a binding proposal for majority shareholder Exor’s 65.4% stake in the club in an all-cash offer, according to a blog post published Friday.

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Pakistan moves towards tokenizing $2 billion in government assets with Binance

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Binance is set to explore tokenizing up to $2 billion worth of bonds, treasury bills and commodity reserves in Pakistan.Reuters reported on Friday. The memorandum of understanding (MOU) with the world’s largest crypto exchange by trading volume highlights Pakistan’s desire to use blockchain technology to unlock liquidity and attract foreign investment while exploring a formal

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