At the Dubai Fintech Summit many executives expressed their discontent with the US crypto regulation and gave credits to the UAE legal framework. Coinbase CEO even suggested that the UAE could serve as an international crypto hub for Coinbase.

Recently SEC was legally obliged to respond to Coinbase's writ of mandamus. Meanwhile, the regulator deleted a possible first-ever definition of digital asset from its rule and the exchange started an open letter to Congress to support pro-crypto legislation.

A new blockchain called Sui performed token distribution on Binance’s crypto crowdfunding platform. It would probably have gone unnoticed if there had not been an incident with Justin Sun.

Coinbase announced the launch of a new platform called Coinbase International Exchange, which enables institutional users outside of the US to trade ethereum and bitcoin perpetual futures.

A new crypto exchange which allows trading claims was launched a few weeks ago and has already gotten into some trouble.

Coinbase publicly responded to the SEC’s Wells notice and now is trying to force the regulatory agency to respond to a petition for rulemaking that the company filed last summer aiming to get proper regulation rules for digital assets.

The Bitrue cryptocurrency exchange had one of its hot wallets compromised. About $23 million was lost as a result.

FTX, the exchange that collapsed in November, is considering reopening in the future as it goes through the bankruptcy procedure.