UAE’s Cypher Capital launches $100 million crypto asset fund

    Cypher Capital, a Dubai-based venture capital company, is launching a $100 million seed fund aimed at investing in crypto and digital assets. It plans to invest 40% of its funds in the emerging blockchain and crypto startups in India. The fund, financed by the company’s founder, Bijan Alizadeh, will also invest in decentralized finance platforms,…

    Crypto.com signs sponsorship deal with FIFA for 2022 Qatar World Cup

    The crypto exchange Crypto.com has agreed a sponsorship deal with FIFA for the Qatar World Cup, being held this year in Qatar. The Singapore-based company will be the exclusive cryptocurrency trading platform for the famed sports event, which runs from November 21 to December 18. The crypto exchange Crypto.com will be an official sponsor of…

    Abu Dhabi publishes draft rules for NFT trading

    The Financial Services Regulatory Authority of Abu Dhabi Global Market has issued a consultation paper regarding NFT rules. The paper proposed significant enhancements to the regulatory framework. As NFTs go mainstream, ADGM may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual…

    FTX partners with AZA Finance to push Web3, NFTs and cryptocurrencies in Africa

    Crypto exchange FTX announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa,” including also non-fungible tokens (NFTs). A statement released by AZA Finance said the two companies will work to “create pathways for African users to participate and learn about the…

    Bored Ape Yacht Club suggests its own 3D metaverse amid ApeCoin adoption

    Since the launch of ApeCoin (APE) on March 17, it has gone on to become the most traded token among Ethereum whales. Now, the BAYC trailer posted to social media hints at a 3D gaming metaverse powered by Animoca, while TIME Magazine and other prominent firms will soon begin accepting ApeCoin as payment. Yuga Labs…

    No more 4-year cycles? 5 things you should know about Bitcoin this week

    Bitcoin avoids another “Bart” style price spike this weekend, but what’s the mood like on the market going forward? Here are five potential Bitcoin price topics to consider, writes William Suberg on Cointelegraph. Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize. After a calmer weekend than most…