Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Rakbank has become the first traditional bank in the United Arab Emirates to enable crypto trading for retail users through its mobile app, powered by Bitpanda, legendary hedge fund manager Ray Dalio suggested investors allocate 15% of their portfolio into Bitcoin and gold amid a US debt crisis, and PayPal is launching a new checkout feature that enables US merchants to accept crypto payments.
The National Bank of Ras Al Khaimah (Rakbank), a government-owned bank in the UAE, is the first conventional bank in the country to offer retail crypto trading.
In a Tuesday news release, the bank announced the launch of a crypto brokerage service through its mobile banking app, allowing customers to buy, sell and swap cryptocurrencies directly from their UAE dirham accounts.
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