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0 CommentsBreaking crypto news from the last week (May 7 – 13, 2022): May 7: Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for…
On May 7, the European Commission (EC), or, more precisely, its division called the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, published a fascinating document called European Financial Stability and Integration Review 2022. Two-thirds of it was dedicated to DeFi, and having examined it, the author of these lines got the impression…
Etherscan, CoinGecko, DeFi Pulse, and many other sites displayed a suspicious pop-up asking users to connect their wallets. Initial indications suggest that malicious code via ads on the affected sites is the vector for the phishing attack. Platforms urged users to “not confirm any transactions” that popped up on its website. Crypto data websites Etherscan,…
The ubiquitous USDT and USDC stablecoins seem to be facing more and more aggressive young challengers. So let’s take a look at the so-called algorithmic stablecoins, as well as stablecoins backed exclusively by cryptocurrencies, to try and understand the situation in the market. The introduction of the Tron network’s USDD on May 5 was an…
Emirates Airlines, UAE’s leading airline, said it has plans to add “Bitcoin as a payment service,” the company’s chief operating officer (COO), Adel Ahmed Al-Redha, said. In addition to the company’s disclosed NFT and metaverse plans, the airline is also planning to hire personnel to create applications that monitor client needs. As part of…
Tether (USDT), the world’s largest stablecoin, regained its peg to the US dollar on Friday after more than $3 billion worth of tokens left the system in a single day. On May 12, the stablecoin sunk as low as 95 cents and struggled to climb back to its intended dollar peg, as the recent collapse…
