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0 CommentsOpening up the UAE real estate to cryptocurrency payments could be the biggest change to the sector since the Palm Jumeirah was announced, said Christopher Flinos, the CEO of Hayvn. According to Hayvn CEO, the benefits of crypto payments, including no cheques, no loans, no fees, no taxes, and lower costs, make better houses more…
484 ViewsUnwrapping Sam Bankman-Fried’s analogy about money-printing boxes, Daniel Kuhn of CoinDesk describes why he sees crypto as a luxury good. About 20 minutes into his latest interview with Bloomberg, crypto’s favorite entrepreneur Sam Bankman-Fried said something revealing about the industry: Crypto is mostly a shell game. “You know, where do you start? You start with…
396 ViewsThe high-end fashion brand Gucci has announced it will begin accepting cryptocurrency in some of its US locations later this month, with plans to roll out the program to its other 111 North American stores this summer. Gucci is just the latest one among the various luxury labels to begin accepting crypto payments. According to…
453 ViewsMajor crypto exchange Coinbase has taken out a loan from Goldman Sachs using its Bitcoin assets as collateral to strengthen ties between crypto and traditional banking. The amount of the historic transaction has not been disclosed, but the collateral for it was based on a portion of Coinbase’s Bitcoin Holdings. As of 2021, Coinbase owns…
338 ViewsFollowing the world’s media coverage of Dubai’s new crypto laws announced in March, traditional businesses and institutions, such as shops, schools, and delivery services, in the UAE are promptly embracing digital currencies. Arab News released a panoramic report on how businesses in Dubai gradually adopt payments and salaries in crypto. After the several global crypto…
338 ViewsPanama’s National Assembly passed a bill to regulate the use and commercialization of crypto assets in the country. The bill will also make it possible for people to pay their taxes in crypto. Now, it only needs to be signed by President Laurentino Cortizo to become law. The bill, which was approved in the assembly…
