Press Releases TheBitTimes.com

It is not uncommon for crypto companies based in the U.S. to relocate to other regions due to the uncertain regulatory landscape in the country. Several governments across the world have been introducing clear regulations for the crypto industry. But the U.S. government is not there yet. Meanwhile, the United Arab Emirates [UAE] has been praised for its efforts to regulate the crypto market. This has lured several organizations into the region and crypto exchange Coinbase could be next in line. In a recent blog post titled “The UAE: Recognising the transformative potential of the cryptoeconomy,” Coinbase lauded the country’s initiatives in the crypto space. The firm also said, “There is no doubt that UAE has the potential to be a strategic hub for Coinbase, amplifying our efforts across the world. It further serves as a particularly strategic bridge between Asia and Europe — two of our existing focus international regions to date.” JUST IN: Coinbase is considering UAE a...

Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users. Only one of the following news items is real, but someday, all will sound equally comical. Headline, 1896: The owner of Wagoneer & Sons, a leading horse-drawn carriage maker, has announced the adoption of a new machine called the “internal combustion engine” to improve its manufacturing process. “Gas engines are powerful but dangerous,” the owner said. “We will use them to make better wagons. Headline, 1918: The American Association of Candle Makers has announced a new initiative to electrify its wax-making process. It believes that electricity is too dangerous to use for lighting but can be utilized to make cheaper candles. Headline, 1989: The United States postal service will adopt a new Technology called “the internet” to speed up the sorting and delivery of letters and postcards. Headline, 2022: The CEO of a major investment bank argues that blockchain, a technology invented to eli...