A few months ago, El Salvador became the first country in the world to accept bitcoin as a legal tender. Everyone understood at the time that it would be a kind of experiment to show all the pros and cons of such a “financial revolution” in practice.  Today, we can take a look at the…

Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday. As a result, Bitmart temporarily suspended all withdrawals until further notice and said a thorough security review was underway. The hack follows the recent steal of $120 million in crypto from DeFi platform BadgerDAO. According to NBC News,  Bitmart confirmed…

A to Z Globe, the all-in-one crypto exchange, announced its launch to buy and sell Bitcoin and many other cryptocurrencies in Dubai to facilitate crypto trading for cash. A to Z Globe is a Dubai-based OTC crypto exchange store to buy and sell Bitcoin and over 2000 other cryptocurrencies for cash. It is a well-known…

Terraform Labs’ LUNA is becoming rapidly one of the crypto market’s best performers, having gained around 80% in value in the last week, upping bigger than either Shiba Inu or Avalanche. An upcoming network upgrade has driven its surge. In addition, JPMorgan’s expert said that terra’s stablecoin mechanism is suitable for cross-border payments. The gains…

…was unexpectedly taken by Mastercard, which announced the integration of cryptocurrency payments. Mastercard partners, including merchants and banks, will be authorized to add support for digital assets to their products. The company customers will be able to buy, sell and store cryptocurrencies. The news, though long-awaited, still came as a surprise. Mastercard is getting ready…

Interest in Metaverse and associated features, like virtual lands and real estate, is in hot demand, available data from DappRadar shows. Over $100 million was spent on purchasing these virtual properties last week, including the Sandbox grossing over $80 million and Decentraland above $15 million. According to DappRadar, Metaverse-related projects like The Sandbox, Decentraland, CryptoVoxels,…

Breaking crypto news from the last week (Nov. 27 – Dec. 3, 2021): Nov. 27: The analytic report suggests that the Bitcoin network already transfers more the dollar value than PayPal and could potentially match Mastercard’s network after 2026. Nov. 28: Emirates Post Group (EPG) announced on November 28 the first in the region issuance…

HAYVN, a digital currency trading platform based in Abu Dhabi, UAE, has closed a Series A funding round, which will help the institution become the largest global institutional digital currencies platform. Abu Dhabi-based digital currency trading platform HAYVN has closed a Series A funding round. This round of funding, the amount of which was not…

Another “veteran” cryptocurrency has added smart contracts to its network. IOTA is very different from other cryptocurrencies: For starters, it doesn’t run on the blockchain, using a slightly different technology instead. Now it also features smart contracts, though currently still in beta version. The official blog of the IOTA project released a message that smart…

Nuqtah, Saudi Arabia’s first non-fungible token (NFT) marketplace, has closed its pre-seed funding round but is not revealing the amount of raised funds. Accroding to Founded this year, the company enables artists to register and trace their work and serves as a global platform for buyers keen on acquiring the latest NFTs by the Middle…