Market focus

Crypto exchange Binance has confirmed its role as an equity investor in Elon Musk’s acquisition of Twitter. The exchange also told Decrypt it is creating an internal team to help Twitter fight bot accounts using blockchain and crypto technology. The world’s largest crypto exchange revealed it has invested $500 million as one of the equity…

Apple has updated its App Store Review Guidelines with more rules for crypto assets, Web3 games, and NFTs. The tech giant’s ban on peer-to-peer NFT trading de facto remains. Apple also reaffirms its longstanding policy preventing links to alternative payment methods. According to the new rules published on Oct. 24, the tech corporation has no…

Breaking crypto news from the last week (Oct. 15 – 21, 2022): Oct. 15: TRON founder Justin Sun announced a merger between the TRON network and the Heco Chain. In his words, the TRON and BitTorrent chain network will merge with developers from Heco. Sun made this announcement a day after revealing his Huobi tokens…

Top investment deals across the crypto sector over the last week (Oct. 15–21, 2022): BofA survey: Younger investors are 7.5 times more likely to hold crypto in their portfolios Bank of America’s survey of wealthy Americans revealed that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged…

The DMCC boss is indebted to ‘his father and idol, the Dubai Ruler, for taking a chance with him’ in 2001, when he was 23 years old – a story by Joydeep Sengupta on Khaleej Times. Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer (CEO) of the Dubai Multi Commodities Centre (DMCC), is a…

The European Union (EU) released a package of documents related to an action plan for implementing the European Green Deal and the REPowerEU Plan, which aim at energy savings by digitalizing the energy sector. In place of PoW mining, the EU plans to increase the Proof of Stake (PoS) concentration in the bloc. According to…