Announcements

Billium, a Dubai-based crypto trading platform, has announced that a new copy trading functionality is on its way. With it, investors will reportedly be able to earn sizable profits regardless of personal experience or background. According to a press release, copy trading allows users, especially new investors, to make as much profit as possible by…

MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…

Meta is bringing luxury fashion into the metaverse with the announcement of a digital fashion marketplace dedicated to its virtual avatars. Outfits of three high fashion brands – Balenciaga, Prada, and Thom Browne – could be worn across Meta-owned platforms, including Facebook, Instagram, and Messenger. Meta’s CEO Mark Zuckerberg and Instagram‘s director of fashion partnerships…

Huobi Group, the major global crypto exchange, announced Friday it obtained a DIFC Innovation License in Dubai, seeing its development as a significant milestone in the group’s compliant growth. Huobi also got registration on New Zealand’s Financial Services Provider Register. The DIFC Innovation License is a license for innovative technology companies in Dubai and provides…

The NFT and Web3 gaming-focused crypto startup Immutable announced Friday that it has launched a $500 million ecosystem development fund to accelerate the adoption of promising Web3 projects building on its Ethereum Layer 2 scaling platform, Immutable X. “The Immutable Developer and Venture Fund,” which is a mix of both cash and Immutable X’s native…

Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week. The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…