UAE businessman sets to launch an Islamic crypto ecosystem Sustain.Exchange
    04 Aug 2022

    Sulaiman Abdul-Karim Mohammed Al-Fahim, a well-known Emirati TV personality and a successful real estate businessman in the UAE, is set to launch Sustain.Exchange – a Shariah-compliant Islamic crypto ecosystem. As UAE ranks among nations that rapidly adopt digital technologies and invest their time and money, it has become possible due to some visionary people like…

    Vitalik Buterin says corporate metaverses will “misfire” while venture capitals piles in
    02 Aug 2022

    Vitalik Buterin, a co-founder of the world’s largest smart contract platform Ethereum, has criticized “existing corporate attempts to intentionally create the metaverse,” in a series of Sunday tweets primarily aimed at Mark Zuckerberg’s Meta Platforms. Facebook’s pivot towards the technology under the Meta Platforms rebranding is destined to “misfire” said Buterin, due to a lack…

    Burn-to-Earn: German entrepreneur in Dubai merges fitness and crypto
    10 Jul 2022

    Ferhat Kacmaz, a German entrepreneur who moved to Dubai, took the risk of merging fitness and crypto, incentivizing his customers to train with cryptocurrency in his own “burn-to-earn” app Fit Burn. His Fit in Time chain has already spread in the UAE, Bahrain, and Kuwait, with plans to soon open in Saudi Arabia, reflecting the…

    Bankman-Fried says FTX has ‘a few billion’ to support the crypto industry
    09 Jul 2022

    Sam Bankman-Fried, head of FTX, one of the largest crypto exchanges, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, adding that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who lives in the Bahamas where…

    FTX CEO says Alameda could ‘step in’ to prevent wider crypto collapse
    21 Jun 2022

    FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius. The downward trajectory that has greeted the crypto market…

    Elon Musk reveals plans to integrate crypto payments into Twitter
    18 Jun 2022

    Tesla CEO Elon Musk, who has agreed to purchase Twitter for about $44 billion, spoke on June 16 at an all-hands meeting for the social network company. The billionaire said it “makes sense” to integrate digital payments into Twitter, according to a leaked Q&A session with employees. Billionaire Elon Musk shared further details of his…