Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118 million, by 2025 from Dh 35 million, approximately $95 million, recorded in 2018. This upward trend will make Dubai account for about 1% … Continue reading Dubai’s Blockchain Market to Surpass $118 Million by 2025
Crypto Titans is an interview series created by CoinMarketCap to explore the minds of progressives within the cryptocurrency community. Recently, they interviewed with Sunny King, the inventor of proof – of – stake consensus mechanism and Peercoin, Primecoin, and most recently, V SYSTEMS. Despite his wishes to remain private, King shared his crypto origin story … Continue reading Proof-of-Stake Founder Sunny King, on his Crypto Journey Inspired by Elon Musk and Steve Jobs
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC) has been seen slowly embracing cryptocurrencies, or as it refers to as virtual assets in the past years. The special administrative region’s financial regulator has set out regulations for Bitcoin and other cryptocurrency exchanges in November last year and has published a new regulatory approach … Continue reading Why Hong Kong is Still Not Ready to Become Asia's Leader in Crypto and Blockchain
The Dutch central bank, De Nederlandsche Bank (DNB) has granted the very first cryptocurrency service registration to the Amsterdam Digital Asset Exchange (AMDAX). Per the landmark registration status, AMDAX can now engage in the processing and custody of digital currencies in line with the European guideline on anti-money laundering guidelines dubbed AMLD5. The co-founder and … Continue reading Dutch Central Bank Grants First-Ever Crypto Service Registration
PayPal recently announced its integration of cryptocurrency buying, selling amd shopping into its global network, but the payments giant may not be done there with rumors flying that it is now looking to purchase digital asset custodian BitGo. According to a report by Bloomberg on Oct.23, PayPal is now venturing further into the crypto space … Continue reading PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry
Two U.S. lawmakers have published an open letter to Tron founder Justin Sun and DLive CEO Charles Wayn in the wake of the Capital riots—asking them to explain how they moderate extremist and white supremacist content. The letter was published by U.S. lawmakers Reps. Raja Krishnamoorthi (D-Ill.) and Jackie Speier (D-Calif.) on Feb. 9 and … Continue reading US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots
As the bipartisan Senate began to vote on President Joe Biden’s infrastructure bill, the taxation of cryptocurrency transactions in this infrastructure plan cited Tesla CEO Elon Musk, Jack Dorsey, Senator Criticism by Ted Cruz, and others. The Senate released a bill last week that includes new tax rules for crypto trading companies and brokers, which … Continue reading U.S. Intends to Impose Tax on Crypto to Support Infrastructure Construction Amid Musk and Dorsey Express Strong Dissatisfaction
Vietnam is currently witnessing increasing cryptocurrency mining activities, a trend triggered by the current crypto rally that has left most crypto tokens surging the value. Bitcoin was breaking through above $52,000 for the first time since May during the intraday. According to VnExpress local news agency, crypto-related business people and enthusiasts in Vietnam have witnessed … Continue reading Crypto Mining Demands Ramps Up in Vietnam Amid Bitcoin’s Price Surge
The central bank of Nigeria has instructed all financial institutions and commercial banks in the country to freeze accounts connected to two individuals and a firm that were accused of engaging in cryptocurrency trading. According to Bloomberg media outlets, the Central Bank of Nigeria (CBN) issued the order on November 3 which was contained in a … Continue reading Nigeria's Central Bank Freezes Bank Accounts Linked to Suspected Illegal Crypto Traders
The Emirate’s Virtual Assets Regulatory Authority (VARA), Dubai’s new cryptocurrency regulator, announced on Tuesday that it has created a virtual headquarters in The Sandbox metaverse platform. The Sandbox is a platform linked to the Ethereum-based blockchain in which users can purchase and sell play games, plots of land, and earn digital currency. Sebastien Borget, COO … Continue reading Dubai Regulator Establishes Virtual HQ in the Sandbox Metaverse