Day: March 29, 2022

Dubai school will welcome tuition payments in Bitcoin and Ethereum

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According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, the founder of Citizens School, commented:  “We look forward to enhancing the role of young generations in achieving the UAE’s digital economy. As more people embrace the era of digitalization, today’s children will become the entrepreneurs and investors of tomorrow.” Meanwhile, Hisham Hodroge,…

Tracking Luna Foundation Guard’s Bitcoin Purchases

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This could be an important development for stablecoins. Stablecoin trading pairs – say, UST for ether (ETH) – make up a significant majority of crypto trading volume and, beyond that, they have potential payment use cases. As the economy, crypto or otherwise, increases dependence on stablecoins, the reliability of their peg becomes paramount. An important stablecoin project moving to a bitcoin backing could prove a useful development in the journey for fiat-pegged digital cash. Original

Here Are The Crypto Leading The Market Recovery With 50% Gains

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The crypto market has managed to sustain its bullish momentum and reclaimed the $2 trillion market cap. Bitcoin and Ethereum seem to have pushed the market from the mid $30,000, and to its current levels. Related Reading | Only In Crypto: A Croissant Explains Ethereum Hottest Trends Post Merge The first and second crypto by market cap has seen a surge of new bullish narratives. The upcoming “Merge” and Bitcoin has pristine collateral seem to have provided additional support for the current momentum. Both ETH and BTC recorded around 17%…

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators – Bitcoin News

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According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been paused. The Largest NFT Blockchain Game Axie Infinity Suffers From a $620 Million Hack The largest non-fungible token (NFT) blockchain game, Axie Infinity, has suffered from an attack on Tuesday after the Ronin network validators…

Europe’s Landmark Crypto Regulation Is Advancing, but New Privacy Rules May Be More Important

MiCA seems to be moving forward. If implemented, it promises to dramatically streamline the launch process for crypto companies trying to set up shop in more than one of the European Union’s 27 member nations. However, separate from MiCA, another set of proposed rules that will be voted on this week promise to make using crypto a bit more difficult for companies and users. Source

Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi

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On March 29, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including from tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet, while unlisted bridged tokens will be transferred to the Funding Wallet only. Users can bridge-in or bridge-out tokens between their native blockchains and BNB Chain via regular deposit and withdrawal functions. In the future, Binance also plans to create…

Wonky Mars Protocol launch shows ecosystem expansion may not add to network value

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New protocols are launching every day on different networks in the crypto space and the trend is likely to continue through this year. When looking at the top five networks by total value locked (TVL) — Ethereum (ETH), Terra (LUNA), Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL) — according to data from DeFiLlama, Ethereum have 579 protocols (including L1 and L2); Terra has 25, BSC has 348, Avalanche and Solana have 187 and 64 protocols, respectively. The low number of protocols and high TVL from Terra surely stand out as…

West Ham United Announces Fetch.ai as their Official Artificial Intelligence Partner

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Fetch.ai is West Ham United’s exclusive official artificial intelligence partner and the premier league’s giant non-exclusive Official Global Partner. Under the deal, Fetch.ai has also been designated as West Ham United Women’s football club’s non-exclusive official partner. Through this partnership, Fetch.ai and West Ham United will leverage and promote the impact of artificial intelligence in enhancing businesses and daily lives. Fetch.ai Brand to be Displayed in West Ham United LEDs Subsequently, West Ham United will promote the Fetch.ai brand and its products in their mega London Stadium on their LED…