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Dubai attracting business due to crypto-friendly environment, Agrotoken’s latest blue-chip investor & fee war in the BTC ETF Race

The Hash Insider

Crypto has started 2024 on an upwards chop, with the Nasdaq Crypto Index (NCI) growing 2.0%, buoyed by bitcoin’s (BTC) 3.9% positive performance, despite ether (ETH) having a negative -1.9% performance for the week. The positive performance for BTC comes in wake of the BlackRock and other potential Bitcoin ETF providers revealing the fees they intend to charge clients.

 


Indian crypto companies moving to Dubai to avoid restrictive regulations

Dubai's favorable regulatory landscape is luring Indian crypto firms, driven by India's stringent tax policies and ambiguous legal stance on digital currencies. The recent migration is a direct reaction to these challenges. According to the RBI Remittance Survey 2021, the substantial 18% contribution of India's expatriate community in the UAE plays a key role in the country's $110 billion global remittance influx.

 

Bunge makes a USD 4 million investment in Agrotoken

Following the successful partnership with Visa, Agrotoken has attracted another prominent investor. Bunge, a leading global agricultural trading firm, has invested $4 million in the startup, emerging as the principal investor in the series A funding round.

 

Buzz around a fee "war" leading up to the anticipated debut of Bitcoin spot ETFs

BlackRock, Fidelity, and other applicants for a U.S. bitcoin ETF have revealed their fees as they await SEC approval. With up to 13 ETFs expected to list soon, providers aim to stand out by offering competitive fees. In response, Bitcoin rose 1.8% to nearly $45,000 in the last 24 hours, currently trading at $44,865.

 

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