A new tremendous data center is set to be built in the Kingdom of Bahrain. The multimillion-dollar main hub in Bahrain will serve all member states of the Arab League, promoting collective digital transformation across the Arab world. On Sept. 1, The Arab League’s Arab Federation for Digital Economy (AFDE) signed a memorandum of understanding…

Ethereum has some competition. What you need to know about the skyrocketing cryptocurrency writes Stan Schroeder on Mashable. Solana, a cryptocurrency that launched to relatively little fanfare in April 2020, has recently been on a tear. Its price rose from roughly $1.50 in January 2021 to more than $208 at writing time, making it the…

After a tremendous August surge of $4 billion in sales volume on the leading NFT marketplace OpenSea, recent data indicate a metaphoric return from heaven to earth. Over the last week, the sales volume has dropped by almost 50%. The bearish trend saw across the crypto markets on the last week also has affected NFT…

The conflict between Ripple and the American financial regulator SEC, which has long been a pain in the neck for the cryptocurrency company, suddenly “froze”. It seems that the regulator is losing the court case, and we are in for further XRP price increases. August 31 was the deadline for the US Securities and Exchange…

Breaking crypto news from the last week (4 – 10 Sept. 2021): 4 Sept.: Bloomberg’s senior commodity strategist Mike McGlone argues that Bitcoin is gradually becoming a global reserve asset that complements the US dollar. According to a Bloomberg report, digital assets like Bitcoin and Ethereum are on the way to new highs. 5 Sept.:…

Diem, the digital currency and global payment system project of Facebook, seemingly can’t cope with its struggle with financial regulators. The payment project has been facing difficulties with senior legislators in the Biden administration. Despite the whole might of the lobbying power of the social media giant, the project of Facebook stablecoin hasn’t been able…