Author: Crypto Insider

This “Crypto City” guide of Cointelegraph looks at Dubai’s crypto culture, its most notable projects, and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses. Fast facts: City: Dubai Country: United Arab Emirates Population: 4 million Established: 1833 Languages: Arabic (official), English (most common), Hindi is also widespread…

The first country in the EU, Spain, is trying to control the way cryptocurrencies are marketed, with new restrictions on influencers’ promotions. According to the new rules published Monday, posts promoting crypto-assets must now include the appropriate disclaimer. Fines for non-compliance could reach €300,000. The new rules will come into force in February. The fast…

American retail chain Walmart is preparing to enter the metaverse by creating its own NFT collections and cryptocurrency. This information is based on several trademarks filed by the retail giant with the United States Patent and Trademark Office. In late December, the retail chain filed several trademark applications with the United States Patent and Trademark…

Sultan Gustaf Al Ghozali, a 22-year-old Indonesian student, has joined the NFT frenzy, becoming a millionaire as a result. He listed selfies of himself as an NFT for five years on OpenSea, the largest NFT marketplace, and sold them for $1,107,225 in total. Al Ghozali is a college student studying Computer Science and based in…

BitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…

Breaking crypto news from the last week (Jan. 8 – 14, 2022): Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…