Popular crypto exchanges FTX and Binance have received new licenses to operate in Dubai and Bahrain. Crypto giants are setting up the stage for a major push in the Middle East. FTX’s European and Middle East affiliate (FTX Europe & MENA) announced Tuesday it had been licensed to establish and operate Virtual Asset Exchange and…
Breaking crypto news from the last week (Mar. 12 – 18, 2022): Mar. 12: Fir Tree Capital Management, a $4 billion New York-based hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators and fears over ties to the Chinese debt market. Mar. 13: Art Dubai, held on March…
Fate certainly has a sense of irony. While Russia, Ukraine, and Belarus are engaged in an armed conflict, their citizens have rushed to explore cryptocurrencies. For Ukrainians, it is a way to bring closer the victory, but for citizens of Russia and Belarus, it is a desperate attempt to break away from their severely compromised…
Mark Zuckerberg revealed plans to integrate NFTs into the Instagram platform, but it’s still unclear what this will look like. The news continues Meta’s narrative that it is moving closer to its proposed ‘metaverse’ goal. According to Engadget, NFTs are coming to Instagram, as Meta CEO Mark Zuckerberg told SXSW. “We’re working on bringing NFTs…
Art Dubai, held on March 11-13, was the most extensive fair yet, bringing together over 100 galleries from 44 nations, including more than 30 first-time participants. The fair’s 15th edition included the Art Dubai Digital pavilion with several NFT projects and digital presentations. The global art scene had to adapt after two years of the…
Ex-Meta employees have secured a $200 million funding round from crypto VC giants to develop their own version of the notorious crypto project Diem. Recently, Meta (formerly Facebook) abandoned its grand plans to create a digital currency and sold the remaining assets to Silvergate Capital for $182 million. The deal showcased how Meta is left…
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