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CRYPTO WEEKLY MARKET UPDATE

Twitter and Stripe roll out USDC payout program for creators via Polygon

On Friday, Twitter (NYSE:TWTR) and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin.

Crypto exchange Kraken is set to launch in UAE as regional competition heats up

Kraken will open an office in Abu Dhabi and become the first exchange to offer UAE dirham trading after receiving a full license to operate in the country, Curtis Ting, Kraken’s managing director for Europe, the Middle East and Africa, told CNBC.

A sense of “greater regulatory clarity” is the reason for the influx of cryptocurrency businesses in Dubai and Abu Dhabi, according to Citi.

The Middle East is one of the fastest-growing cryptocurrency markets in the world, making up 7% of global trading volumes, according to Chainalysis.

US Treasury Dept sanctions 3 Ethereum addresses allegedly linked to North Korea

The United States Treasury Department has added three Ethereum wallet addresses to sanctions allegedly linked to the hacker group responsible for the theft of more than $600 million in crypto from nonfungible token game Axie Infinity’s Ronin sidechain.

The new HM Treasury regulations: The good, the bad and the ugly

As the 2021-2022 United Kingdom tax year finished on April 5, 2022, Her Majesty’s Treasury announced they were paving the way for the U.K. to become a global crypto asset technology hub. This could mean that the previously not particularly crypto-friendly U.K. is changing its strategy and trying its hand at making crypto investments more attractive. But what are the potential scenarios at play?

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