Gulf Crypto Insight: Hot crypto news from the MENA region – August 10

    Blockchain Economy Summit: Dubai to host the world’s largest blockchain and crypto event in October The world’s largest blockchain and crypto conference network, Blockchain Economy Summit, has just closed the previous chapter in Istanbul,  Türkiye, with more than 3,000 participants from 82 countries all over the world. The next edition of the world’s flagship blockchain…

    Top 5 main mistakes to avoid during a crypto bear market

    Here are five of the most common mistakes people make during a bear market, writes George Georgiev on CryptoPotato. Have you made any of them? Cryptocurrency bear markets can be brutal for new investors without sufficient experience. The swings are typically a lot more violent compared to traditional stock markets, and it’s not unheard of…

    UAE tightens control over crypto real estate money laundering

    On August 8, the UAE introduced new reporting requirements for real estate transactions involving digital assets. The new rules require all real estate agents, brokers, and law firms to report all property transactions with crypto assets. According to the UAE government, the new rules are aimed at clamping down on money laundering and terrorist financing….

    US Treasury blacklists Tornado Cash, sparking criticism from the crypto industry

    The US Treasury sanctions against the crypto mixer Tornado Cash meet criticism from the crypto community. While GitHub, stablecoin issuers and crypto infrastructure providers join the Treasury action, some anonymous troll is sending crypto from a Tornado Cash wallet, trying to “dust” numerous celebrities. On August 8, the US Department of the Treasury announced sanctions…

    Iran makes its first import worth $10 million in crypto with ‘widespread’ plans

    As Tasnim agency reported Tuesday, citing Alireza Peymanpak, an Iranian official from the Ministry of Industry, Mine, and Trade, the country this week executed its first official order for importing goods via the crypto payment route, worth $10 million cumulatively. “This week, the first official import order registration worth 10 million dollars was successfully completed…

    Reddit integrates FTX Pay to enable ETH gas fees for the community points system

    Reddit enlisted FTX and Arbitrum to launch its tokens on Ethereum. Users now can move Reddit’s Community Points to Arbitrum-built Ethereum wallets and pay gas fees with FTX Pay. Last month, top forum contributors earned up to $340 in Community Points tokens for posting in the r/cryptocurrency subreddit. Despite the bear market, FTX is continuing…