Opening up the UAE real estate to cryptocurrency payments could be the biggest change to the sector since the Palm Jumeirah was announced, said Christopher Flinos, the CEO of Hayvn. According to Hayvn CEO, the benefits of crypto payments, including no cheques, no loans, no fees, no taxes, and lower costs, make better houses more…

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…

One unique blockchain business area, which rarely gets written about, is specialized security and privacy services. Among its most outstanding startups is Nym Technologies, whose developers claim that their network is superior to VPN and even Tor. Are they right? The race between “shields” and “swords” in cyberspace is everlasting. Back in 2017, when cryptocurrencies…

Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for the digital economy. VARA said in a statement that its move into the metaverse…

Breaking crypto news from the last week (Apr. 30 – May 6, 2022): Apr. 30: Three Arrows Capital, a crypto hedge fund, moves its headquarters from Singapore to Dubai as the UAE is gradually replacing Singapore as a crypto mecca. Bybit, Binance, Kraken, and FTX are setting up offices in the UAE as crypto migrates…

The US Securities and Exchange Commission (SEC) has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is the second futures ETF approved by the SEC this year after Teucrium. However, spot ETFs seem unlikely to happen soon without more regulation, recent developments suggest. According to the SEC document published on May 5, the application was…

Unwrapping Sam Bankman-Fried’s analogy about money-printing boxes, Daniel Kuhn of CoinDesk describes why he sees crypto as a luxury good. About 20 minutes into his latest interview with Bloomberg, crypto’s favorite entrepreneur Sam Bankman-Fried said something revealing about the industry: Crypto is mostly a shell game. “You know, where do you start? You start with…

BTC crashed below $35.500, leaving over $400 million worth of liquidated positions in the process and taking the entire crypto market with it. Last week, Bitcoin had also witnessed the major outflows from the market, totaling $120 million, as the uncertainty of institutional investors continued to grow. However, MicroStrategy promised to support Bitcoin in the…

Tron, an Ethereum competitor blockchain, announced the launch of USDD, an algorithmic stablecoin inspired by the success of Terra’s UST, which has topped $18 billion in total issuance. USDD has launched on TRON, BNB Chain, and Ethereum blockchains. The team behind the stablecoin has promised “zero-risk” returns of about 30% APY, and users currently need…

The two largest blockchain platforms – Ethereum and Solana – are now in a fierce confrontation. Will the technological reform and transition to Ethereum 2.0 help Ether? Or has the originally more advanced Solana network escalated its growth momentum enough to overtake ETH? What blockchain platform will become the new leader in the DeFi segment?…