Metacon is building a Web3 community in the UAE

    Actively pushing reforms and policies in the field of digital technologies, the UAE has conducted Metacon, the two-day event held at The Arena, Dubai World Trade Centre. The event aimed to help the building of a fast-growing Web3 community in the UAE, exhibiting the abundant opportunities of the metaverse on May 27-28. The UAE is…

    Investment Monitor: Will Dubai’s cryptocurrency gamble pay off?

    While cryptocurrencies are receiving a mixed reception around the world, Dubai is doubling down on its efforts to place itself at the front and center of the technology, writes Lara Williams on Investment Monitor. The news that United Arab Emirates’ (UAE) national airline, Emirates, plans to accept payment in Bitcoin is a defining moment in…

    Tron becomes the 3rd-largest DeFi blockchain due to new algorithmic stablecoin USDD

    Launched in 2018, Tron is now DeFi’s third-largest blockchain in terms of total value locked (TVL). Tron’s DeFi activity saw a sharp spike after the launch of its algorithmic stablecoin USDD, promising more than 20% per year returns. Currently, the TVL across Tron’s nine different apps stands at $5.9 billion, up 44% over the past…

    MBC Group partners with BitOasis to push crypto education across MENA

    MBC Group has signed a strategic partnership with the region’s largest crypto-asset exchange BitOasis to drive customer awareness and adoption using MBC Group’s TV channels and digital platforms. “We’re witnessing the fast speed at which our region is embracing and adopting the blockchain and Web 3 technologies,” Fadel Zahreddine, group director of emerging media at…

    Dubai hotel now allows crypto payment via Binance’s gateway

    Following Binance’s launch of a crypto-to-crypto payment gateway for hotels, the Manor by JA, located at Al Furjan, will allow guests to pay using cryptocurrency, according to a statement. Now, the gateway is accessible through The Manor’s official website with strict security measures to protect customers. Payments are facilitated by cryptocurrency exchange Binance. The crypto-to-crypto…

    Crypto firms join forces to launch scam reporting platform ‘Chainabuse’

    Binance, Circle, and some other prominent crypto firms have launched a crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” Crypto firms have joined forces and launched a new, multi-chain scam reporting platform. TRM Labs, Binance.us, Circle, Solana…