Author: Crypto Insider

The high-end fashion brand Gucci has announced it will begin accepting cryptocurrency in some of its US locations later this month, with plans to roll out the program to its other 111 North American stores this summer. Gucci is just the latest one among the various luxury labels to begin accepting crypto payments. According to…

Major crypto exchange Coinbase has taken out a loan from Goldman Sachs using its Bitcoin assets as collateral to strengthen ties between crypto and traditional banking. The amount of the historic transaction has not been disclosed, but the collateral for it was based on a portion of Coinbase’s Bitcoin Holdings. As of 2021, Coinbase owns…

US-based crypto exchange Kraken has opened the waitlist for its upcoming NFT marketplace. The exchange posted this bullish announcement on May 3, claiming that its marketplace would be the complete solution for exploring, curating, and securing NFT collections. Unlike available on other marketplaces, Kraken NFT promises to offer gasless trading. The Kraken NFT marketplace will…

Algorand (ALGO) has teamed up with FIFA to become the football organization’s official blockchain partner. The blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup in Qatar and an official sponsor of next year’s Women’s World Cup. Apart from becoming FIFA’s official blockchain platform, Algorand will also offer…

Privacy-focused project Nym has raised $300 million from a set of VC firms for a fund aimed at funding ecosystem developers. The NYM Innovation Fund will support research on mixnets and privacy-enhancing technologies. Cryptography experts will judge applications for grants under the program. Nym Technologies, a Swiss privacy startup that shields online activity from surveillance…

Following the world’s media coverage of Dubai’s new crypto laws announced in March, traditional businesses and institutions, such as shops, schools, and delivery services, in the UAE are promptly embracing digital currencies. Arab News released a panoramic report on how businesses in Dubai gradually adopt payments and salaries in crypto. After the several global crypto…