Breaking crypto news from the last week (June 4 – 10, 2022): June 4: The Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth $50 million since the beginning of 2022, the company’s COO Ali Sajwani revealed. June 5: The Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that…

Roland Berger, a global strategy and management consultancy, has partnered with Crypto Oasis to join its efforts to boost the Gulf region’s blockchain and decentralized technologies ecosystem. The news comes two weeks after Crypto Oasis said it has already identified over 1,000 blockchain organizations in the UAE amid the exponential growth of the ecosystem, updating…

Twitter founder Jack Dorsey and rapper Shawn “Jay-Z” Carter will fund a Bitcoin education program for residents of Marcy Houses, a public housing complex in Brooklyn where Jay-Z grew up. Dorsey said he thinks Bitcoin can be an important tool in empowering marginalized communities. Starting this summer, residents of Marcy Houses in Brooklyn will be…

According to a survey conducted by Deloitte, over 85% of merchants are giving high or very high priority to enabling cryptocurrency payments. Furthermore, nearly three-quarters of those surveyed reported plans to accept cryptocurrency or stablecoin payments within the next 24 months. Deloitte, one of the Big Four major financial services firms, published on June 8…

The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost from 50% to 80% against their all-time highs. During the last seven days, the…

Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years. Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…