Announcements

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…

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…

Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized. Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…

Dogecoin soared 25% and briefly topped the $0.2 price range following Tesla’s announcement that it would begin accepting the meme coin. Tesla CEO, Elon Musk, tweeted that the automaker would finally begin accepting DOGE, a move that the meme coin community had greatly anticipated. Musk, a big proponent of Doge, had teased this adoption numerous…

“High-performance blockchain” NEAR Protocol has raised $150 million in its latest funding round led by Three Arrows Capital. The NEAR token has surged on the news, gaining 6.6% in the following hours. NEAR Protocol announced Thursday that it has successfully closed a $150 million funding round to accelerate Web3 adoption. Su Zhu and Kyle Davies’…

Art Dubai announced on Sunday the list of participating galleries at its 2022 edition, which will be its most extensive to date. The fair will occur at Madinat Jumeirah, Dubai, from 11-13 March 2022, with previews on 9 and 10 March. The upcoming event marks the debut of Art Dubai Digital, an innovative new digital…