Crypto-news

Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years. Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…

On June 7, PayPal announced that crypto users can now move funds off its platform to external wallets and hardware devices, a long-awaited feature that will make the company’s offering more like other popular cryptocurrency services. “Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges,” the payment platform…

The Ministry of Tourism in Saudi Arabia plans to give personalized NFTs to each delegate at the 116th Executive Council of the United Nations World Tourism Organization (UNWTO) in Jeddah, Aljoharah Al-Mogbel, Digital Transformation General Manager at the Ministry of Tourism, announced. As she told Arab News, each delegate would receive a gift box containing…

Dubai-based Binghatti company Developers announced selling real estate for cryptocurrency, becoming the second developer in the UAE to accept digital payments this year. The company plans to protect its customers from market volatility through an especial payment process. Eng. Muhammad Binghatti, CEO of Binghatti Developers, told Khaleej Times in an interview: “We are going to…

In a report released Friday, the Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that the investors had lost over $1 billion in crypto-related scams, which have been growing due to a lack of regulations and proper education on digital assets. Bitcoin, Tether, and Ether become the top cryptos involved in…

Cronos, the DeFi and Web3 gaming-focused blockchain network by Crypto.com, has launched the Cronos Accelerator Program aiming to help developers and builders accelerate the ecosystem’s growth. The Cronos Accelerator Program is funded by the $100 million Cronos Labs Ecosystem Fund to provide investments and guidance to early-stage blockchain projects. The Cronos Accelerator Program is funded…