Breaking crypto news from the last week (Mar. 19 – 25, 2022): Mar. 19: After the US authorities have seized $7.1 billion of assets belonging to Afghanistan, the liquidity crisis in the country unable users to cash out their own money or take loans. As a result, Afghanistan has become the 20th country out of…

Crypto.com has signed an agreement with Investopia Summit as the exclusive global crypto trading platform partner. The first edition of the summit will be held on March 28 in the UAE alongside Expo 2020 Dubai. It will become one of the major strategic initiatives under the ‘Projects of the 50’ backed by the UAE Government….

Nuqtah NFTs, Saudi’s first NFT marketplace, is bringing non-fungible tokens to Saudi Arabia to breed a new line of art investors and enable creators toward the wildest opportunities, CEO Salwa Radwi says. The startup will use the pre-seed investments from Shorooq Partners to grow its network across the MENA region. Salwa Radwi is currently the…

Luna has purchased more than 11,700 Bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly? — analyses Namcios on Bitcoin Magazine. Luna Foundation Guard (LFG) has bought over 11,700 BTC worth roughly $520 million so far this week to build a Bitcoin reserve to support…

While the world’s largest economies are gearing up for the CBDC race we recently wrote about, smaller countries are looking to integrate “traditional” cryptocurrencies into their financial systems. The alternative, they realise, is quickly losing their fiscal independence in the new economic reality. According to experts of the world’s largest investment company BlackRock, we are…

Alchemy Pay, a crypto payment provider, partnered with GrePay, a global acquirer and payments provider, to expand its services to global markets, including the UAE, India, Pakistan, Mexico, Brazil, Chile, and Colombia. With over 100 local payment channels, GrePay processes over 200,000 transactions per day. Using these channels, Alchemy Pay aims to connect crypto service…

Cypher Capital, a Dubai-based venture capital company, is launching a $100 million seed fund aimed at investing in crypto and digital assets. It plans to invest 40% of its funds in the emerging blockchain and crypto startups in India. The fund, financed by the company’s founder, Bijan Alizadeh, will also invest in decentralized finance platforms,…

The rapid transformation of global finance resulting from the war in Eastern Europe will spur the development of central bank digital currencies – CBDC – in the months to come. We have already written several times about how the war has drastically accelerated the mass adoption of cryptocurrencies. But no state wants to lose control…

The crypto exchange Crypto.com has agreed a sponsorship deal with FIFA for the Qatar World Cup, being held this year in Qatar. The Singapore-based company will be the exclusive cryptocurrency trading platform for the famed sports event, which runs from November 21 to December 18. The crypto exchange Crypto.com will be an official sponsor of…

The Financial Services Regulatory Authority of Abu Dhabi Global Market has issued a consultation paper regarding NFT rules. The paper proposed significant enhancements to the regulatory framework. As NFTs go mainstream, ADGM may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual…