Omicron coin surged 1,100% over the weekend, lost 75% value overnight

    Over the weekend, a DeFi token with the same name as the new ‘Omicron’ Covid-19 variant surged 1,100%. OMIC hit an all-time high on Monday of $689, according to CoinGecko, but loses about 75% value overnight. The buzz over the latest Covid-19 variant, Omicron, is not over, but the euphoria over the token named after…

    Dubai’s fund of crypto rating platform Evai.io saw $1 million in 24 hours
    02 Dec 2021
    410 Views

    Dubai-based crypto rating platform Evai.io announced that its EvaiStableFund saw $1 million worth in tokens staked into the new fund within 24 hours of going live. Launched on November 22, the new EvaiStableFund, gives investors the opportunity to yield a fixed 15% APY with an additional 10% per annum bonus. In addition, the fund does…

    British Regulators vs Cryptocurrencies: What is Happening?
    02 Dec 2021
    1,143 Views

    The Deputy Governor of the Bank of England has recently called cryptocurrencies a “threat” requiring “urgent action” to address it. It is not the first sign that the UK may become a firm outpost for crypto-skeptics. Jon Cunliffe, the Deputy Governor of the Bank of England, claimed that cryptocurrencies pose threats to the entire financial…

    Dubai’s Theatre of Digital Art holds an international exhibition and NFT sales
    01 Dec 2021
    723 Views

    The Theatre of Digital Art and Generative Gallery has organized an exhibition of immersive digital art of seven modern artists around the world in Dubai. The event, held till February 2022, is featured by non-fungible tokens (NFTs) exposition and sales. In Dubai, the Theatre of Digital Art (ToDA) and Generative Gallery is organizing a multi-dimensional…

    Morgan Stanley increases GBTC investment, but cheaper ETFs could compete
    01 Dec 2021
    368 Views

    Morgan Stanley continues to increase its exposure to Bitcoin and has bought a considerable amount of GBTC shares for totals of about $303 million. However, the $36 billion trust feels the push from cheaper ETFs. The FT found GBTC trades at a 15% discount on the value of its underlying assets. Banking giant Morgan Stanley…

    Binance CEO buys his home in Dubai, hinting where Binance’s headquarters will be
    01 Dec 2021
    570 Views

    The CEO and founder of Binance, Changpeng “CZ” Zhao, recently revealed he bought his first home last month in Dubai, a city he describes as “very pro-crypto.” He also confirmed that Binance has decided on a location for its global headquarters. New property in Dubai may have hinted where Binance’s headquarters will be located. Zhao…