Polygon partners with Nothing, making a bet on Web3 phones

Ethereum scaling solution Polygon has partnered with phone maker Nothing to bring Web3 tech to mobile users. The upcoming Nothing Phone (1) will integrate Polygon’s tech for easier mobile access to dApps, games, payments, and more. While Solana recently announced its Solana Mobile Stack (SMS) software initiative and Saga phone, Polygon revealed Wednesday its own…

Institutional investors pour the most into short Bitcoin products of last week’s inflows

Institutional investors loaded up last week on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC). By recovering from $423 million in outflows the week prior, digital assets investment products managed to pull $64 million in inflows, while ETH products generated the next highest figure at just…

Iran plans to launch a ‘crypto rial’ pilot by the end of August

Iran’s government is taking steps in preparation for the launch of a new digital currency, referred to as the crypto rial. The monetary authority in Tehran hopes to initiate the project’s pilot phase within the next two months. The authorities of the Islamic Republic are taking the necessary measures to launch a pilot of the…

Nexo offers to buy struggling rival Vauld amid the market consolidation

Сrypto lender Nexo has signed a term sheet with Vauld to explore an all-equity acquisition of the company. Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Before, Vauld paused operations and said it was exploring restructuring options due to “financial challenges.” Struggling crypto lender Vauld has…

UAE launches the world’s most expensive NFT postage stamps for Golden Jubilee

The UAE has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s Foundation Day. The launch of the NFT postage stamps made the UAE the only in the MENA region to do so. Emirates Post Group (EPG), a government post office launched the first edition of the modern…

Quick guide: What to know and do to get a job in crypto

There are a lot of crypto jobs, but do you need to be “crypto-native” to qualify? Here’s how to land a job in crypto – writes Ekin Genç on CoinDesk. Crypto is a fast-growing and diverse industry, home to a broad array of organizations, from traditionally structured companies running services like centralized exchanges to decentralized…