Actively pushing reforms and policies in the field of digital technologies, the UAE has conducted Metacon, the two-day event held at The Arena, Dubai World Trade Centre. The event aimed to help the building of a fast-growing Web3 community in the UAE, exhibiting the abundant opportunities of the metaverse on May 27-28. The UAE is…

While cryptocurrencies are receiving a mixed reception around the world, Dubai is doubling down on its efforts to place itself at the front and center of the technology, writes Lara Williams on Investment Monitor. The news that United Arab Emirates’ (UAE) national airline, Emirates, plans to accept payment in Bitcoin is a defining moment in…

Until recently, Russia was considering a complete ban on all cryptocurrencies and transactions with them. Now, the government has made a screeching U-turn, rapidly creating legislation for legalizing digital assets. The reason is the war and the severe international sanctions imposed on the country. Only three months ago, the Russian leadership was rigidly opposed to…

Launched in 2018, Tron is now DeFi’s third-largest blockchain in terms of total value locked (TVL). Tron’s DeFi activity saw a sharp spike after the launch of its algorithmic stablecoin USDD, promising more than 20% per year returns. Currently, the TVL across Tron’s nine different apps stands at $5.9 billion, up 44% over the past…

MBC Group has signed a strategic partnership with the region’s largest crypto-asset exchange BitOasis to drive customer awareness and adoption using MBC Group’s TV channels and digital platforms. “We’re witnessing the fast speed at which our region is embracing and adopting the blockchain and Web 3 technologies,” Fadel Zahreddine, group director of emerging media at…

Following Binance’s launch of a crypto-to-crypto payment gateway for hotels, the Manor by JA, located at Al Furjan, will allow guests to pay using cryptocurrency, according to a statement. Now, the gateway is accessible through The Manor’s official website with strict security measures to protect customers. Payments are facilitated by cryptocurrency exchange Binance. The crypto-to-crypto…

Binance, Circle, and some other prominent crypto firms have launched a crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” Crypto firms have joined forces and launched a new, multi-chain scam reporting platform. TRM Labs, Binance.us, Circle, Solana…

El Salvador has recently hosted a conference of several dozen developing countries’ heads of financial departments. They discussed the digital economy, servicing the unbanked citizens, and the integration of cryptocurrency into the financial system. For several days, El Salvador welcomed representatives of central banks and economic authorities from 44 countries (32 heads of central banks…

India, Hong Kong, and the UAE are the top three locations where play-to-earn games are most popular. In a recent study, Finder estimated that 34% of the Indian respondents had played play-to-earn (P2E) games, Hong Kong ranked second with 29%, while the UAE held the third position with 27%. According to Finder’s NFT Gaming Adoption…

JPMorgan Chase & Co., an American multinational investment bank, believes that the world’s biggest cryptocurrency, Bitcoin, is 28% below its “fair price,” implying signs of “significant upside from here.” Bitcoin has also replaced real estate as one of JPMorgan’s preferred “alternative assets.” According to a note released on May 25, JPMorgan believes that cryptocurrencies like…