Thus, the absence of premium in the BTC/JPY market is not surprising – more so as the yen is a G-7 currency and a far stronger unit than Ukraine’s hryvnia, considering it is backed by forex reserves of $1.38 trillion, the second largest in the world. Further, according to Kobayashi, crypto forms a small portion of an average Japanese investor’s portfolio. Source
Bake N More, a Dubai-based cafe, has become the latest company from the region to add cryptocurrency as a payment option. According to the company’s owner, Mohammad Al Hammadi, Bake N More hinted at possible plans to pay employee salaries in cryptocurrency as well. A Hub for Crypto Users in UAE A Dubai-based cafe, Bake N More, has become the latest company to add cryptocurrency as another payment option available to customers. Despite taking this step, Bake N More will nonetheless continue to accept cash and credit card payments, the…
After the largest hack in DeFi history, the attacker has limited options. Source
Panelists at the recent MENA Climate Week 2022 examined how blockchain technology can contribute to green initiatives. Hosted by Dubai’s Ministry of Climate Change and Environment, Dubai Electricity and Water Authority, and the World Green Economy Organization along with various institutions under the United Nations Environment Programme and in partnership with renewable energy groups, the event explored how to promote climate action using digital innovations. In one session, a hybrid panel made up of experts in blockchain and climate action discussed how blockchain use cases can contribute to a greener…
The V3 upgrade introduced several features to make Aave more lucrative for lenders and borrowers, which has created demand for its tokens. Source
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press release PRESS RELEASE. London, UK: 30 March 2022 – Play-to-earn game, DeFi Kingdoms, has partnered with crypto payments infrastructure platform, Ramp to bring an even greater in-game payment experience to players. For one week only* players can enjoy zero fees when purchasing AVAX through Ramp. DeFi Kingdoms has been wildly popular, generating more than $1.6 billion in transactions in January 2022 alone. Today’s Ramp announcement comes as DeFi Kingdoms implements its cross-chain expansion to Avalanche. Originally built on the Harmony blockchain platform, DeFi Kingdoms plays out in a nostalgic…
gCC Fund II will invest between $500,000 to $5 million per project through both initial and follow-on investments. The firm is targeting 50 or so portfolio companies. Areas of interest include decentralized autonomous organizations (DAOs), guilds, Web 3 apps, games and protocols. gCC is willing to invest in the earliest stage companies and is blockchain-agnostic. Source
“Anyone who says that David Gerard personally stopped their crypto getting into Wikipedia is a fuckwit,” says editor, Wikimedia spokesman and professional crypto hater David Gerard in his typically no-nonsense fashion. “There are a lot of fuckwits.” When Gerard is not passionately arguing against cryptocurrencies in Wikipedia editor discussions, the author of the 2017 self-published hit Attack of the 50 Foot Blockchain can be found prosecuting the case against Bitcoin, blockchain and crypto on the BBC or in the Financial Times. Even among the most notable crypto critics, Gerard stands…
NFT marketplace OpenSea has announced an upcoming integration of the Solana (SOL) blockchain within its platform, a long-awaited move that industry experts and numerical data suggest could have reciprocal benefits across both ecosystems, as well as positive sentiments for the wider NFT space. Scheduled to commence on a yet-to-be-disclosed date in April, Solana will join the list of three networks, Ethereum, layer-2 Polygon and Klaytn, and will be visible via the drop-down ‘all chains’ tab on the rankings page. Alluding the vast number of tweets and media publications on the…