Crypto-news

Breaking crypto news from the last week (Apr. 9 – 15, 2022): Apr. 9: In the UAE, cryptocurrencies have rapidly been gaining appeal among younger demographics. Latest surveys by market researcher YouGov revealed over 54% of residents aged between 18 and 35 years are expressing increased openness towards crypto. Apr. 10: CryptoCompare tracker data shows…

UAE-based global digital asset gateway Fasset has announced its expansion to the European Union market after securing authorization for crypto operations in the EU. The startup aims to strengthen its global outreach to serve the growing digital asset sector in the EU market. Recently, Fasset separately secured three full authorizations from the Labuan Financial Services…

Ava Labs, the lead developer of Avalanche (AVAX), is raising a new round of funding for $350 million at a market valuation of $5.25 billion, Bloomberg reported. The raise comes as the total value locked (TVL) on the Avalanche blockchain remains steady at around $14.6 billion. Bloomberg reported the new fundraising on Thursday, citing people…

Fasset, a crypto-asset gateway oriented to the Islamic world, is planning a major expansion, seeking to boost the adoption of cryptocurrencies in Indonesia and Pakistan, where it is still viewed with suspicion. The firm closed a $22 million Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, as well as regional…

Emirates revealed its plans to expand the airline’s use of the metaverse and launch NFTs to increase revenue and improve customer service. The NFTs are designed to be both collectible and utility-based, and the first projects are already underway, with launch anticipated in the coming months, it said in a statement on Thursday. Emirates added…

Circle, the issuer of the world’s second-largest stablecoin, USDC, is pursuing international expansion after securing $400 million in funding. BlackRock and Fidelity headlined the new funding round, which follows a $440 million raise last May. The capital raise, led by major investors, such as Blackrock, Fidelity Management, Marchall Wace, and Fin Capital, is expected to…