Privacy-focused project Nym has raised $300 million from a set of VC firms for a fund aimed at funding ecosystem developers. The NYM Innovation Fund will support research on mixnets and privacy-enhancing technologies. Cryptography experts will judge applications for grants under the program. Nym Technologies, a Swiss privacy startup that shields online activity from surveillance…

Following the world’s media coverage of Dubai’s new crypto laws announced in March, traditional businesses and institutions, such as shops, schools, and delivery services, in the UAE are promptly embracing digital currencies. Arab News released a panoramic report on how businesses in Dubai gradually adopt payments and salaries in crypto. After the several global crypto…

Mark Zuckerberg’s company made a lot of noise a few years ago with an attempt to create its own stablecoin as a basis of a worldwide payment system built around Facebook, Instagram, and WhatsApp. Now, the once ambitious move has been reduced to some faint cracks at creating a kind of in-game currency for the…

Cypher Capital, the UAE-based VC firm, announced that it has invested in an immersive metaverse gaming platform, “Cross The Ages,” utilizing NFTs and GameFi tokenomics. It is poised to launch its in-game NFT marketplace and DeFi suite, which give users access to farming, pooling, and bonding. Built on the Polygon platform, Singapore-based Cross The Ages…

Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of 2022 in a bid to capitalize on growing demand. The ETF will have a structure that is similar to that of BLOK, one of Amplify Holdings’s ETF products. South Korea’s Samsung…

Over the past few years, up to and including 2021, the cryptocurrency market has mostly expanded thanks to massive infusions of fiat money resulting in speculative growth. But from this point forward, crypto is about to ride the wave of the latest economic crisis, the so-called “stagflation”, and show growth predicated on the mass adoption…