Gulf Crypto Insight: Hot crypto news from the MENA region – September 11

    6th Blockchain Dubai Summit 2022 will be held in Grand Hyatt on October 14-15 A two-day Blockchain Dubai Summit 2022 in Grand Hyatt on October 14-15 is going to become the leading gathering of senior decision-makers discussing the impact of blockchain and crypto technologies on industries. The event will bring together tech visionaries, entrepreneurs, investors,…

    MicroStrategy plans to sell up to $500 million of stock to but more Bitcoin

    MicroStrategy, a software development firm that has become a corporate Bitcoin vault, plans to sell up to $500 million of stock to fund more purchases of BTC. The deal is a sign firm’s exec Michael Saylor isn’t abandoning his bold plan to turn his software developer into a Bitcoin proxy. A filing on Sept. 9…

    FBI and Chainalysis recover $30 million stolen hackers from Axie Infinity

    With the help of blockchain analysts firm Chainalysis, FBI agents seized $30 million worth of crypto stolen by the North Korean threat group Lazarus from the token-based play-to-earn game Axie Infinity. Hackers stole over $600 million from Axie earlier this year. The news was announced during the AxieCon event on Sept. 8, where the hosts…

    The Merge is getting closer: The last steps

    Ethereum’s Bellatrix upgrade was successful Ethereum’s Merge came closer last week with its Bellatrix upgrade going live on Sept. 6. Bellatrix is the final step before the Ethereum blockchain switches to a proof-of-stake consensus model from its current proof-of-work model. The Bellatrix upgrade prepares Ethereum’s proof-of-stake Beacon Chain for The Merge with its mainnet Execution…

    LUNA triples its price sharply, with the market cap nearing $1 billion

    LUNA, the collapsed token of the Terra ecosystem, saw a price spike Friday morning. With more than tripled in price, its market cap jumped 210% within 24 hours. Spike could be tied to the ATOM ecosystem pump earlier, The Block’s researcher suggests. LUNA, a governance token of the recently collapsed Terra ecosystem, has more than…

    Blockchain developer activity has dropped over 26% in three months

    Over the last three months, the activity of its blockchain developers has decreased by more than 26% in weekly active developers, a recent data analysis from Artemis revealed. Crypto researchers suggest that this is attributed to the departure of “tourist investors” and “tourist builders” that would give real builders to get real work done. A…