Announcements

Emirates Airlines, UAE’s leading airline, said it has plans to add “Bitcoin as a payment service,” the company’s chief operating officer (COO), Adel Ahmed Al-Redha, said. In addition to the company’s disclosed NFT and metaverse plans, the airline is also planning to hire personnel to create applications that monitor client needs.   As part of…

Tron founder Justin Sun kept his promise and introduced the project’s own algorithmic stablecoin, designated USDD. The unique thing about the new token is that it is backed entirely by cryptocurrency. There seems to be a new trend going around. The moment Terra launched its UST stablecoin (having issued over $18 billion), the Tron blockchain…

KuCoin, a global crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. Led by Jump Crypto, the round saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The exchange wants to use funds to further expand its Web3 ecosystem. According to Johnny…

Bentley University in the US state of Massachusetts is one of the first educational institutions in the country to accept tuition fee payments made in Bitcoin (BTC), Ethereum (ETH), and the stablecoin USD Coin (USDC). The school is also highlighting the increasing importance of digital assets in the global economy. Despite the current bearish decline…

ICICB, a Dubai-based investment holding company, has announced a series of new innovative services, including the ICICB Chain, ICICB Metaverse, and ICICB Bank. Established in 2019, the ICICB Group sees its mission to be at the forefront of digital transformation worldwide and now has more than a hundred branch offices in over 26 countries. In…

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…