Author: Crypto Insider

Two Saudi agencies – Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) – and Web3 identity and NFT domain name service provider Unstoppable Domains signed a partnership to give away free crypto domains to female residents in Abu Dhabi, aiming to incentivize them to participate in Web3. Abu Dhabi is looking to attract…

In the past month, the total volume of NFT trades has fallen by 55% in terms of ETH, or about a 70% decrease when valued in USD. However, the number of weekly active NFT sales hasn’t changed much. The state of the NFT market isn’t all bad amid the bear market. According to Nansen data,…

FTX crypto exchange has signed Friday a deal with an option to buy crypto lender BlockFi for up to $240 million, BlockFi CEO Zac Prince said. Lately, FTX CEO Sam Bankman-Fried and his fund Alameda Research have been seen as a lender of last resort in the crypto space. Moreover, Prince tweeted that FTX has…

Bitcoin fell over 5% following the US Securities and Exchange Commission (SEC) rejected the Bitcoin spot ETF proposed by Grayscale. The crypto fund has launched a lawsuit against the SEC after the regulator’s denial. Meanwhile, Jacobi Asset Management announced the launch of Europe’s first Bitcoin ETF on the Euronext Amsterdam exchange. Thursday morning, Bitcoin fell…

Giant metaverse gaming platform The Sandbox, based on the Ethereum blockchain, has unveiled a bridge that enables users to transfer their virtual NFT (LAND) and native tokens (SAND) over to the Layer-2 network Polygon (MATIC). The upgrade comes with many perks for LAND holders, including staking features and mSAND cashback. Previously, all LAND collectibles from…

A British Virgin Islands court reportedly ordered cryptocurrency hedge fund firm Three Arrows Capital (3AC) into liquidation. 3AC must now formally liquidate assets tied to its British Virgin Islands company. It’s still unclear what assets Three Arrows Capital has or what this means for its creditors. According to Sky News, Three Arrows Capital (3AC), the…