Dubai Virtual Assets Regulatory Authority (VARA) puts Bored Gen DMCC under scrutiny for its dealings related to Islamic Coin, triggering an investigation for an alleged violation of regional regulations. Despite notable accolades, VARA asserts the crypto venture lacks the required permissions, addressing a potential lapse in regulation compliance.
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Unraveling the Huobi Enigma: Sudden Whale Deposits Amid Market Uncertainty
Recent on-chain data shows two significant deposits made by a crypto whale into Huobi, potentially impacting the volatile crypto market. These deposits boosted Huobi’s USDT supply to a notable $273 million. Meanwhile, Huobi faces a contradictory situation with sustained outflows, amidst rumors of detainment of its executives in China. This demonstrates the complex and interconnected nature of the crypto market.