Web3 DeCode: Future of the internet at the Gulf News event in Dubai
    15 Jun 2022
    533 Views

    Gulf News has announced that it will be hosting Web3 DeCode, a two-day exhibition at the Grand Hyatt in Dubai, on June 25 and 26. To raise awareness of Web3 technology, its ascension in emerging markets like the UAE plus its impact on innovation, and life, as we know it, Gulf News is hosting Web3…

    NFT prices sink, but overall NFT sales are on the rise
    14 Jun 2022
    520 Views

    Due to the crypto market being down, Bored Apes, Moonbirds, and other top NFT collections are losing value, but NFT sales are rising as collectors appear to be taking advantage of lower prices. As the crypto market is down with a 14% drop in overall value over the last 24 hours, Bitcoin lost 16%, and…

    Goldman Sachs begins trading the first-ever Ethereum-linked derivative product
    14 Jun 2022
    419 Views

    Goldman Sachs has expanded its client-facing crypto offering with a derivatives product linked to Ether (ETH), according to Marex Financial statement. The investment bank restarted its crypto operations in 2021 as a flood of institutional money entered the market, the core of its offerings has centered around derivatives tied to cryptocurrencies like Bitcoin. Today, amid…

    Bitcoin plunges under $23,000 as crypto market cap falls below $1 trillion

    Bitcoin slumped to below $23,000, while the big crypto lender Celsius halted withdrawal. For the first time since early 2021, the overall crypto market capitalization fell below $1 trillion, amid traditional markets also came under severe pressure. On Monday, Bitcoin suffered its largest price drop in 2022 as signs emerged that the steep correction in…

    DeFi platforms and tokens suffer the most from the crypto market drop
    13 Jun 2022
    427 Views

    As the crypto economy has dropped lower in value against the US dollar, sliding to $1.2 trillion, the value of decentralized finance (DeFi) protocols and smart contract tokens has suffered a significant decline. Statistics show that the total value locked (TVL) in DeFi has dropped 7.96% since May 18, to roughly $104 billion, and the…

    SEC investigates TerraUSD stablecoin crash
    13 Jun 2022
    331 Views

    The US Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor-protection regulations. The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment products. According to a Bloomberg source, the regulator’s enforcement…