The latest Bitcoin’s 15% price surge in the 24 hours became its largest one in over a year. The world’s largest cryptocurrency soared by more than $6,000 since Monday to above $44,000 resulting in over $300 million worth of liquidations. According to data from CoinGlass, crypto liquidations over a 24-hour period exceeded $325 million at…

Dexorca Exchange, the world’s first hybrid, decentralized exchange, will hold the 1st Arab Blockchain Summit (ABS) on May 28 at Burj Khalifa, Dubai. The event will host the programs such as networking, technology MOUs, and conferences in the related industries that reflect the needs of the Middle East virtual assets market, which has recently grown…

Binance, a global cryptocurrency exchange, on Sunday announced a $10 million donation to help the humanitarian crisis in Ukraine. This is by far the largest amount donated by the crypto industry. Previously, Changpeng Zhao, CEO of Binance, said it included ground logistics, food, fuel, supplies, refugees, places to stay, visas, and more. Binance, the world’s…

Keith J. Fernandez writes on Gulf News Focus about understanding the risks and rewards of cryptocurrencies. Cryptocurrencies have made millionaires of ordinary people. But even as investors flock to digital tokens in record numbers, so too has there been a corresponding rise in crypto scams and thefts. There were 116,139 addresses belonging to declared Bitcoin…

Breaking crypto news from the last week (Feb. 19 – 25, 2022): Feb. 19: A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. The restaurant is a virtual one…

Steam wasn’t accepting Bitcoin for long due to its volatility and ‘50% of transactions were fraudulent,’ says Gabe Newell, the Valve president. Bitcoin was adopted as a payment method on Steam in April 2016. However, it was removed in December 2017 due to the volatility of cryptocurrency’s price and “a significant increase in the fees…

On Saturday, just days after Russia invaded Ukraine, the country’s official Twitter account tweeted out a call for donations through Bitcoin, Ethereum, and the stablecoin Tether. As of publication, these wallets have received over $4 million in cryptocurrency. According to BuzzFeed.News, the vice prime minister of Ukraine, Mykhailo Fedorov, confirmed on his Twitter account that…

According to blockchain analytics firm Elliptic, donations being funneled to the Ukrainian army in cryptocurrencies are in the millions of dollars. The new data shows that $4.1 million in crypto has been raised for the military since the invasion began. Come Back Alive – a charitable foundation that collects money for medical kits, military gear…

Ethereum co-creator Vitalik Buterin has criticized Russian President Vladimir Putin’s decision to attack Ukraine, calling it a “crime against the Ukrainian and Russian people.” On February 24, the Russian armed forces launched a “special military operation” in Ukraine that could disturb the peace on the continent. Buterin, who was born in Russia and grew up…

Market slide suggests investors don’t yet see the leading cryptocurrency as a safe haven in times of crisis, writes Luke Conway on Blockworks. Increasing institutional investment in Bitcoin tightens its correlation with stock movements Lack of understanding of Bitcoin’s fundamental properties may be hindering its adoption as a risk management tool As Russian troops poured…