Author: cryptoadminae

While cryptocurrency adoption in the Middle East is reaching an all-time high, experiencing a 400% growth between 2013 and 2016, industry experts shared their insights on digital assets and the future of finance in a panel session moderated by Arabian Business’s editor-in-chief Scott Armstrong. Since 2015, the AIM Summit has become a platform for discussions…

Slovenia plans to mint national NFT tokens as gifts at Crypto Expo Dubai, banking on the growing crypto craze. The country’s world’s first promo experiment aims to boost tourism to Slovenia. Slovenia is set to make an impression as a crypto-friendly nation at Dubai’s upcoming mega-event. The country will become the world’s first nation to…

On Wednesday, soon after executing the upgrade, patching minor bugs, Compound Labs reported “unusual activity,” resulting in some users being able to get more COMP tokens than allowable. A bug in the code posed $80 million worth of COMP at risk of unfair distribution. The incident may lead to a COMP price crash. According to…

A girl, who became an internet star when a photo of her went viral, has sold the meme as a non-fungible token (NFT) for more than $74,000. Back in 2013, Chloe and her sister were filmed by their mother as she told them they were going to Disneyland. The video has been watched more than…

Sorare, a sports NFT platform, raised a Series B round of $680 million at a $4.3 billion valuation. The financing by SoftBank has become the biggest Series B round in Europe. Launched in late 2019 as an alternative to traditional fantasy sports games, Sorare minted football player cards as NFTs. Users can build a weekly…

Fitch Ratings said in a note on Monday that El Salvador’s move to embrace Bitcoin as legal tender poses a serious risk to its local insurance companies. As Fitch said, Salvadoran insurers will be under pressure to quickly convert Bitcoin to dollars to avoid price risk; otherwise, they could face steep losses. In June, Salvadoran…