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Dubai to Subsidize Commercial Licenses for Web3 and AI Companies

[Aug 18, 2023 6:00 PM] Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract…

XRP Ruling Needs Appeals Court Review, SEC Says

[Aug 18, 2023 3:13 PM] The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge's ruling that XRP sales through exchanges didn't violate securities law, a day after the judge said the SEC could present its argument.

First Mover Americas: Bitcoin Tumbles Below $26.5K

[Aug 18, 2023 6:03 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Argentines Flock to Stablecoins Amidst Record Devaluation Numbers

[Aug 18, 2023 12:00 AM] Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes…

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

[Aug 17, 2023 1:45 PM] In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…