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M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that UAE residents can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly using their bank accounts. This new integration facilitates the direct conversion of UAE dirhams into BTC and ETH through M2’s spot market, marking a milestone in the accessibility of virtual assets in the region. M2 users can seamlessly convert dirhams into BTC and ETH and vice versa In an announcement shared with Cointelegraph, the M2 exchange highlighted that the new feature will enable users to convert dirhams into Bitcoin and Ether seamlessly through the trading pairs listed on M2’s spot ...

At press time, Bitcoin trades at $67,260 marking a 3.57% rise over the past day. Bitcoin transaction volumes remain subdued despite the resurging BTC value. Bitcoin Dogs await token claiming and exchange listing with bated breath. Bitcoin (BTC) has surged back into the spotlight, with its price hitting a high of $67,744 in the past 24 hours. This surge in value comes just in time for the much-anticipated exchange listing of 0DOG, the native token of Bitcoin Dogs. BTC price moves out of consolidation The recent Bitcoin price surge comes after a period of consolidation and uncertainty in the cryptocurrency markets that followed Bitcoin’s ascent to its new ATH of $73,750.07 11 days ago. Analysts attribute Bitcoin’s recent price surge to several key factors. One significant factor is the growing interest from institutional investors and Wall Street in spot Bitcoin ETF s listed on Nasdaq. This influx of institutional capital into the cryptocurrency ...

Crypto exchange HTX has unveiled the launch of a new decentralized autonomous organization, teasing a 30% yield for liquidity providers. Backed by TRON founder Justin Sun, crypto exchange HTX (formerly Huobi) has unveiled the launch of a new decentralized autonomous organization (DAO) dubbed HTX DAO, which, according to its description, will serve as a platform where “pioneering concepts and transformative projects find realization.” Congrats @HTX_DAO #HTXDAO is officially launched, revolutionizing decentralized governance in the #blockchain ecosystem! Join us on this transformative journey! https://t.co/oDERZz2CIh pic.twitter.com/jWZL1VqTaF — HTX (@HTX_Global) January 18, 2024 According to the DAO’s whitepaper, governance will be conducted using HTX token s. The DAO emphasizes that the HTX token is not intended exclusively for the exchange platform, adding that it has taken measures to reserve a portion of the HTX token for voluntary conversion to ...

Decentralized exchange (DEX) LeetSwap, operating on Coinbase’s Base network, has temporarily halted trading due to concerns over a potential exploit .  According to an Aug. 1 tweet from LeetSwap, the exchange detected suspicious activity in some of its liquidity pools and decided to pause trading immediately to conduct an investigation. The DEX is currently collaborating with renowned on-chain security experts to recover the locked liquidity. As our DEX is forked from Solidly, our factory had a security pause function. We noticed that some pool liquidity might have been compromised and we temporarily stopped the trading to investigate. — LeetSwap (@LeetSwap) August 1, 2023 While LeetSwap did not share specific details, blockchain analysts have shed some light on how the exploit might have occurred. According to Igor Igamberdiev, the head of research at algorithmic market maker Wintermute, the attacker likely utilized an exposed smart contract function to manip...

Following the fallout of FTX, implementing zero fee BTC trading and some notable global acquisitions Binance’s market dominance has surged throughout 2022. During a year plagued by crises such as the collapse of FTX and Celsius, data shows that crypto exchange Binance has emerged as the clear “winner” of 2022 according to Arcane Research. A Jan. 3 report from Arcane highlighted that Binance saw its market dominance soar throughout 2022. As of Dec. 28 last year it had captured 92% of the Bitcoin (BTC) spot market and 61% of the BTC derivatives market by volume: “There are no other evident ‘winners’ of 2022 other than Binance when it comes to the crypto market structure and market dominance. No matter how you look at it in terms of trading activity, Binance is the crypto market.” Binance’s BTC spot market dominance was 45% at the start of 2022 meaning that it more than doubled, while its share of the BTC derivatives market increased by almost one third. Real BTC daily volume vs Binanc...