Author: Crypto Insider

UAE-based crypto-asset exchange BitOasis has closed a $30 million Series B funding round led by Chicago-based Jump Capital and Dubai-based Wamda. The round was also joined by Alameda Research, Global Founders Capital, and existing investors, including Pantera Capital, Digital Currency Group, and NXMH. The new funds will be used to expand the company’s presence in…

A growing list of mainstream financial entities has continued to increase their exposure to crypto over the last year or so, writes Shiraz Jagati on Cointelegraph. The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative…

On October 14-15, 2021, Dubai, one of the largest cities in the UAE and a new regional blockchain hub, will host the World of WEB3 Summit, the largest blockchain event in the Middle East. According to a press release, the WOW Summit will become a connection place for thousands of blockchain leaders, developers, crypto traders,…

Surging sales and hefty prices on NFTs show no sign of abating. The Q3 figure was up from $1.3 billion in Q2 and $1.2 billion in Q1. The increase was powered by a record-breaking August that saw over $5.2 billion in trades. Reuters reported sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in…

Layer-two protocols have seen 330% growth this year in terms of active addresses. One such protocol, Polygon, has briefly surpassed Ethereum, the network for which it is a scaling solution. Many of these new users may be engaged due to the upcoming mobile gaming app Arc8. Polygon, a layer 2 aggregator, has encountered an immense…

Developers are flocking to the platform’s blockchain, but nimbler rivals are emerging, Richard Waters writes on FT. Is Ethereum the future of the internet? Interest in the Ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralized finance projects, known as DeFi, and unique digital…