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Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms

While Dubai’s regulatory rules were broadly welcomed, some firms worried about the expense.

The token will be issued on the Liquid Network, a bitcoin sidechain.

The relatively low figure is a sharp decline from GBTC’s usual outflow amounts.

Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.

Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.

The halving, due on April 20, will reduce the per-block bitcoin emission to 3.12 BTC from 6.25 BTC, slowing the pace of supply expansion by 50%.

“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.

Bitcoin started the year with an RSI of 45.

Quantitive trading firm Pythagoras sees risk assets pricing in two, not three Fed rate cuts for 2024 as bitcoin holds steady in Asia.

“The main sorun was our lack of organizational execution,” MarginFi’s longtime leader Edgar Pavlovsky told CoinDesk.