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51 posts
Exploring New Horizons: OKX Secures VASP License in Dubai
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Exploring New Horizons: OKX Secures VASP License in Dubai

OKX, a prominent cryptocurrency exchange, revealed the acquisition of the license from the Dubai Virtual Assets Regulatory Authority. However, it's important to note that the license remains non-operational until specific conditions and localisation requirements are completely met. The company emphasises that, once operational, the VASP license will empower OKX Middle East to extend a suite of duly regulated virtual asset activities, offering spot services and spot-pairs to institutional and qualified retail customers.
Decoding Web3: X Drops NFT Profile Pics, Bitcoin's Lunar Journey Stalls
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Decoding Web3: X Drops NFT Profile Pics, Bitcoin’s Lunar Journey Stalls

X, the tech venture helmed by Elon Musk, surprised users this week by discontinuing support for NFT profile pictures, a feature introduced in January 2022. Initially a free offering, Musk later monetised the profile pictures, but the abrupt reversal suggests a change in perspective. The formerly hexagonal profile pictures, now circular, left users speculating on Musk's motives, as neither he nor X provided public commentary on the decision.
Exploring New Horizons: Circle Initiates Confidential Filing for IPO
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Circle Initiates Confidential Filing for IPO

Circle, boasting a remarkable USDC stablecoin with a market cap exceeding $25 billion, announced its discreet submission of a draft registration statement (S-1 form) to the U.S. Securities and Exchange Commission (SEC). This confidential filing is a strategic move often adopted by companies navigating the IPO process, allowing them the leeway to finalize their plans away from public scrutiny.