Author: Crypto Insider

Top crypto news from the Middle East region over the last week (Dec. 10–23, 2022): MAG partners with CoinMENA to facilitate property transactions using cryptocurrency MAG, the leading real estate developer in the UAE, has signed an agreement with CoinMENA, a leading crypto asset service provider in the Middle East and North Africa (MENA), to…

The BNB Chain has seen its number of unique addresses on the blockchain grow significantly that the network now surpasses by that metric Ethereum, the second-largest cryptocurrency by market cap. In a blog post shared by the BNB Chain’s developers, they claim to be the “largest layer-1 blockchain in the world” because of the rise….

The Avalanche developers rolled out the “Banff 5″ software upgrade to introduce Avalanche Warp Messaging. The upgrade will let Avalanche subnets easily communicate and share data. Ava Labs has upgraded AvalancheGo – the software implementation of the blockchain in the Go programming language – to “Banff 5.” The new upgrade is crucial for the Avalanche…

Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions. The news came after the Twitter account of NFTcuba.ART shared a screenshot of an email explaining that an account had been “disabled due…

Crypto exchange OKX published its second proof-of-reserves report, a month after its first, in a continuing effort among crypto exchanges to provide evidence they are handling customer funds safely following the collapse of FTX. Meanwhile, the proof-of-reserves method used, following the collapse of FTX has been criticized by the SEC. In a statement, OKX said…

Amid a massive downturn in the crypto market, stablecoin usage and adoption are still increasing. Stablecoin settlement reached $8 trillion in 2022, rivaling Visa with $12 trillion. According to CoinMetrics, the total value settled by them in 2021 was just over $6 trillion. In 2022, the value settled could top $8 trillion. Peter Johnson, co-head…