Cryptocurrency Live News & Updates : UAE Regulators Dispute Toncoin Residency Claims



In recent cryptocurrency news, Toncoin (TON) faced a significant setback after UAE regulators refuted claims that staking the cryptocurrency could qualify individuals for the UAE's golden visa program. Following a brief surge to $3.03, TON's value fell to $2.84, reflecting a 6% decline. Meanwhile, analysts noted that despite substantial institutional purchases of Bitcoin by figures like Michael Saylor, overall spot demand is decreasing, leading to stagnation in Bitcoin's price. Standard Chartered maintains a bullish outlook with a $200K price target for BTC. In other news, investment firm Azoria has delayed the launch of its Tesla-focused ETF due to concerns over Elon Musk's new political party, which has raised investor apprehensions about Tesla's leadership. Additionally, a Canadian woman is suing