Binance partners with Virtuzone to allow UAE entrepreneurs to repay loans in crypto
    31 Aug 2022

    Virtuzone, the UAE’s leading firm providing corporate and business formation services, announced a strategic partnership with Binance to enable digital payments via Binance Pay on August 29. The company joins the list of major businesses in the UAE, such as JA Resorts and Hotels and Majid Al Futtaim, to officially accept cryptocurrencies following the integration…

    Facebook now lets users post NFTs and other digital collectibles
    31 Aug 2022

    Meta now allows users include digital collectibles on Facebook. Meta’s move expands NFT features from its initial launch point on Instagram to Facebook, with more than 2.9 billion users. Social media giant Meta said it now allows users to post their digital collectibles and NFTs to their Facebook accounts. Meta, the parent company for Facebook…

    Amid sanctions, Iran’s government allows to use of crypto for imports
    31 Aug 2022

    According to the local news agency Tasnim, Iran is allowing businesses to use crypto for import transactions amid the country’s efforts to circumvent sanctions. The approval for crypto use in imports appears to be part of a broader policy regarding crypto regulations. The new Iran law is allowing the use of crypto in the processing…

    MakerDAO co-founder recommends to depeg DAI from USD
    30 Aug 2022

    Rune Christensen, a MakerDAO co-founder, has reached out to the community in light of recent conversations about decoupling its native token from USD Coin (USDC) amid the sanctioning of Tornado Cash to explain why free-floating DAI may be the only option for the decentralized autonomous organization (DAO). In his blog post titled “The Path of…

    Crypto seeks regulatory freedom in the UAE

    Major crypto companies are flocking to the UAE in hopes of tapping a potentially lucrative market, but a long road still lies before them, writes Sebastian Sinclair on Blockworks. A raft of exchanges hope to take advantage of United Arab Emirates’ digital asset ambitions But seemingly friendly jurisdictions have turned out to be regulatory nightmares…

    Forbes: Over 51% of all Bitcoin’s daily trading volume is bogus

    Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading. The widespread practice of wash trading, which means phony or fake volume, and the…