85% of merchants give high priority to enabling crypto payments – Deloitte survey
12 Jun 2022
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According to a survey conducted by Deloitte, over 85% of merchants are giving high or very high priority to enabling cryptocurrency payments. Furthermore, nearly three-quarters of those surveyed reported plans to accept cryptocurrency or stablecoin payments within the next 24 months. Deloitte, one of the Big Four major financial services firms, published on June 8…

Crypto economy’s value plunges to $1.2 trillion – lower than last July’s lows

The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost from 50% to 80% against their all-time highs. During the last seven days, the…

Bitcoin tumbles as inflation hits 40-year high of 8.6%

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…

PayPal allows users to transfer crypto to external wallets
11 Jun 2022
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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…

Saudi Ministry of Tourism to give away NFTs to each UNWTO delegate
11 Jun 2022
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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 Developers to sell real estate for crypto
09 Jun 2022
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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…