Breaking crypto news from the last week (May 21 – 27, 2022): May 21: The world’s most popular NFT marketplace OpenSea has unveiled a new Web3 protocol, Seaport, that allows anyone to set up new and decentralized NFT marketplaces. As per some members of the community, the protocol could become the “Uniswap moment” of NFTs….

The Toncoin cryptocurrency was developed independently, but the concept and first drafts got designed by Pavel Durov, the creator of the Telegram messenger. Hence the project’s market niche – it is digital money to pay for services within Telegram. What are Toncoin’s prospects and uses, and does it have a future – let’s find out!…

Su Zhu, the co-founder and CEO of Three Arrows Capital, admitted that he was wrong about the “Supercycle Thesis,” but he remains optimistic about the crypto. Before, he predicted that the crypto market would enter a Supercycle in February 2021. Back in February 2021, the co-founder of Three Arrows Capital, Su Zhu, predicted that the…

Gavin Wood, the co-founder of Ethereum and creator of Polkadot and Kasuma, shared his advice to crypto investors during the ongoing price plunge. While another veteran investor Jim Rogers expressed his “optimism about the future of crypto money.” After a market drop that wiped away more than $800 billion in value, British computer scientist and…

The Central Bank of Bahrain (CBB) has granted Binance, the largest global crypto exchange, a Category 4 license to operate as a crypto-asset service provider (CASP). The license allows it to offer a full-suite of crypto exchange services in Bahrain. Meanwhile, Binance will also be aiding Kazakhstan in the creation of a regional blockchain hub….

The Toncoin cryptocurrency was developed independently, but the concept and first drafts got designed by Pavel Durov, the creator of the Telegram messenger. Hence the project’s market niche – it is digital money to pay for services within Telegram. What are Toncoin’s prospects and uses, and does it have a future – let’s find out!…

Food and beverage outlets in the UAE are starting to take payments in cryptocurrencies as the sector takes to cutting-edge tech and smart payments. For now, 6% of UAE consumers are okay with doing so with crypto. But UAE consumers want these businesses to tackle some legacy issues as well, not least having to wait…

Gaming companies are poised to be on the metaverse’s cutting edge, former Nintendo executive Reggie Fils-Aimé predicts. In the metaverse and gaming content is still king, he said. In the last year, the 3D virtual world known as the metaverse has come to the forefront of tech and business discourse. Facebook, for instance, has changed…

As the metaverse disrupts the existing technological landscape, Rob Gryn, CEO of Dubai-based startup Everdome, told Gulf Business how Everdome and Metahero are on a journey to create something the world has not seen yet. Mark Zuckerberg once said, “Today, I think we look at the internet. But in the future, you are going to…

The fallen value of the first cryptocurrency and the largest outflow of investors from the crypto market raise new questions. Can BTC become a widely accepted means of payment? Will it retain its role as a store of value? How does the policy of the American financial authorities play into it? And what will happen…