Global #cryptocurrency

Shiba Inu (SHIB) has been grappling with a persistent downtrend since March, leading to a significant erosion of investor confidence. This prolonged decline has seen many investors retreat from the asset, resulting in diminished trading volumes and market activity.

In the global push to regulate cryptocurrencies, Ghana has emerged as a proactive player by drafting new guidelines for digital assets.

In a landmark decision, the Dubai Court of First Instance has recognized salary payments in cryptocurrency as valid under employment contracts, marking a significant shift in the UAE’s judicial approach to digital currencies.

Recently, Turkey’s regulatory authorities updated the list of firms applying for crypto business licenses, increasing the count from 47 to 76. This expansion sees heavyweight additions such as Coinbase, KuCoin, and Gate.io joining already approved major exchanges like Binance, Bitfinex, and OKX.

In a groundbreaking decision, the Dubai Court of First Instance has validated the use of cryptocurrency for salary payments under employment contracts. This ruling marks a significant departure from previous judicial attitudes, signaling a growing acceptance of digital currencies within the UAE’s legal and economic landscape.

U.S. Senator Ted Cruz has notably increased his investment in Bitcoin, as revealed in his recent official financial disclosure dated August 13, 2024. Cruz's Bitcoin holdings have surged to as much as $100,000, demonstrating a significant escalation from his initial investment made on January 25, 2022.