NFT sales surpass $4 billion in the last month
    13 Jan 2022
    428 Views

    Despite a decline in the crypto markets, NFT marketplaces have made a tremendous surge in the previous month. According to data from Tradingplatforms.com, NFT global sales surpassed $4 billion in the last 30 days. “2021 will go down as the breakdown year for NFTs. The growth in their sales is due to two main factors,”…

    Art Dubai unveils in 2022 a new digital section with NFT and VR art
    13 Jan 2022
    221 Views

    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…

    Central Bank of Bahrain successfully trials JPMorgan’s token for its digital payment
    12 Jan 2022
    22 Views

    The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan. Bahrain’s central bank revealed it is committed to improving the customer experience for…

    PayPal is exploring its own stablecoin backed by the US dollar
    12 Jan 2022
    899 Views

    PayPal confirmed Friday that it’s currently researching a PayPal stablecoin, Bloomberg reports. Before, developer Steve Moser found code inside the PayPal app regarding PayPal Coin, a US dollar-backed stablecoin. A PayPal spokesperson confirmed the code and images came from an internal hackathon by the company’s blockchain, crypto, and digital currencies division. “We are exploring a…

    As Turkey’s inflation surges to 36%, citizens turn from the lira to stablecoins
    12 Jan 2022
    349 Views

    Turkey’s economy remains in turmoil with inflation rising to 36%, and since this time last year, the country’s currency has lost 44% of its value against the US dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of all trades with Tether (USDT) are paired against the Turkish lira. Reports from…

    Binance CEO is the wealthiest crypto billionaire at $96 billion
    11 Jan 2022
    26 Views

    Changpeng Zhao, CEO of Binance, also known as “CZ,” became the wealthiest crypto billionaire with an estimated net worth of $96 billion – and that’s without counting his personal crypto holdings. According to Bloomberg Billionaires Index, Changpeng Zhao ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange…