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0 CommentsVitalik Buterin, a co-founder of the world’s largest smart contract platform Ethereum, has criticized “existing corporate attempts to intentionally create the metaverse,” in a series of Sunday tweets primarily aimed at Mark Zuckerberg’s Meta Platforms. Facebook’s pivot towards the technology under the Meta Platforms rebranding is destined to “misfire” said Buterin, due to a lack…
Breaking crypto news from the last week (July 23 – 29, 2022): July 23: Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. July 25: Digital asset exchange Bitfinex and Tether, the project behind the troubled USDT stablecoin,…
A panel of crypto industry experts expects Dogecoin (DOGE) to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” experts said, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency. On July 27, price comparison portal Finder updated its Dogecoin (DOGE) price predictions. The…
The International Monetary Fund (IMF) director Tobias Adrian has warned of further selloffs in crypto assets and equities. He also expects crypto to drop even more amid a recession. Tobias Adrian, director of Monetary and Capital Markets for the IMF, warned about further selling pressure in the crypto market and more crypto token failures in…
According to a new report by Boston Consulting Group (BCG), the UAE’s financial wealth will grow from $700 billion currently to $1 trillion during the 2021-2026 period. BCG’s chief believes that UAE is very well positioned to benefit from crypto opportunities, thanks to the crypto-friendly regulatory environment and an emerging regulatory setup. Mustafa Bosca, BCG’s…
The Dubai Blockchain Centre and Chaintech joined efforts to foster long-term blockchain technology research and development for enterprises and governments in the Gulf region, using private blockchains, smart contracts, and tokens. The Dubai Blockchain Centre (DBCC), a training and consulting Blockchain firm in UAE, and Chaintech Labs Ltd (CTL), a blockchain research and development house…
