The collapse of the UST stablecoin and the major crisis of confidence in stablecoins led investors to withdraw funds from DeFi protocols en masse. The calamity has exposed many of the weaknesses in the decentralized finance industry but also created an excellent opportunity for it to work out the flaws and upgrade on the way…

Some Dubai universities are joining crypto credibility campaigns designed to help UAE students be aware of blockchain and cryptocurrencies. It will positively engage students to help them gain a stronger understanding of the technology and lift their confidence in using crypto. According to YouGov’s report, 68% of young adults within the age group of 18-24…

Breaking crypto news from the last week (May 14 – 20, 2022): May 14: The head of the BSV Blockchain Association, Jimmy Nguyen, has presented the features of the BSV enterprise blockchain at the University of Dubai. The Association has also funded research development projects with the local universities, where students use blockchain technology. May…

Eros Investments, India’s investment company, has partnered with Dubai’s Virtual Asset Regulatory Authority (VARA). It plans to fund and support more than media, art, and entertainment 100 startups by 2025. Eros Investments, run by India’s Lulla family, plans to develop Web3 and blockchain businesses out of Dubai as part of a partnership deal to operate…

This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

The number of wallets on the Cardano (ADA) blockchain has grown by more than 70,000 over the last 30 days, even when the ADA’s price declined along with the rest of the crypto market. Meanwhile, ADA whales’ transactions have risen to a 4-month high ahead of an upcoming hard fork, which will improve the network’s…

Museum of the Future, a futuristic Emirati museum in Dubai, has teamed up with leading crypto exchange Binance to cultivate and present a collection of NFTs. Celebrating International Museum Day, the museum, deemed the world’s most beautiful and futuristic building, is introducing a brand new concept that talks about the possibilities of the future. Launched…

This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

The European Union could issue a digital euro within four years, a senior official from the European Central Bank (ECB) said. Peer-to-peer payments could be a first test case, though no final decision has been made yet. “At the end of 2023 we could decide to start a realization phase to develop and test the…

Spotify is reportedly testing the option to include NFT galleries on musicians’ profiles. The test is currently available to select Android users across the United States. Should the trial succeed, artists may soon be able to promote their NFTs on their profiles. Spotify, a major music streaming platform, is testing a new feature that allows…