Leon Li Lin, the founder of crypto exchange Huobi Global, is selling his controlling stake to a Hong Kong investment firm, About Capital, according to Huobi’s website. The company said the deal has no impact on Huobi’s core business. About Capital said that under its control, Huobi “will embrace a series of new international brand…

Top crypto news from the Middle East region over the last week (Oct. 1–7, 2022): Future Blockchain Summit: Chainalysis experts to discuss blockchain risks, opportunities, and compliance  Chainalysis, the blockchain data platform, announced its plans to participate in the 2022 edition of the Future Blockchain Summit, taking place in Dubai from Oct. 10-14. Through a…

US music conglomerate Warner Music Group is looking to hire at least two people who can develop and manage Web3-related projects. Through this new role, the US music conglomerate wants to build out its partnerships with metaverse and Web3 gaming projects. The job posting comes a week after Warner Music Group partnered with OpenSea to…

The European Union has confirmed a sweeping ban on providing crypto services to Russians as it tightens sanctions in the wake of what it calls “sham” secession votes in four Ukrainian regions. All transfers from Russians to European crypto wallet providers will be forbidden. Meanwhile, NFT creator Dapper Labs and crypto exchange OKX has also…

BNB Chain, a blockchain linked to the world’s largest crypto exchange Binance, has been hit by a $570 million exploit, a Binance spokesperson said on Oct. 7. BNB Chain resumed its suspended blockchain after several hours. Changpeng “CZ” Zhao, Binance CEO, said in a tweet that tokens were stolen from a blockchain “bridge” used in…

As I write, the cryptocurrency bear market is roaring, again, and seems to throw off a headline a day. Perhaps the most spectacular statistic is that $2 trillion has been lost since November 2021 and some commentators are saying that there is worse still to come. So, it may seem a strange moment to champion…