Blockchain

The industry recorded about $8 billion in the purchase and resale of NFTs globally from April to the end of June compared with $10.7bn at the end of the first quarter, according to NonFungible.com, an NFT market analysis platform that tracks the Ethereum blockchain.
Global NFT sales fall 25% to $8bn in Q2

According to a recent analysis, the worldwide non-fungible token (NFT) market saw a 25% decline…

Huobi Group, a global cryptocurrency exchange, has obtained a provisional license in Dubai to provide a complete range of virtual asset exchange goods and services there. The firm said in a statement on Monday that the Dubai Virtual Assets Regulatory Authority had granted it interim clearance for a minimum viable product while it went through the process of seeking for a license.
Crypto platform Huobi Group attains Dubai provisional license

Huobi Group, a global cryptocurrency exchange, has obtained a provisional license in Dubai to provide…

Commercial Bank International is the first bank in the United Arab Emirates to open a virtual branch in the Metaverse and among the first early adopter banks in the Middle East to build a virtual Metaverse site in Decentraland, a well-known blockchain-based world. CBI is a corporate and retail bank with headquarters in the UAE.
Commercial Bank International becomes 1st bank in the UAE to open a virtual Metaverse location

Commercial Bank International is the first bank in the United Arab Emirates to open a…

The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. It is backing away as the value of the cryptocurrency has plunged, falling by more than 50% this year. Tesla said it bought traditional currency with the $936m (£782m) from its Bitcoin sales.
Tesla sells most of its Bitcoin holdings

The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn…

According to Juniper Research, the adoption of secure "one-click" transactions and Internet of Things (IoT) solutions in the e-commerce sector will boost the number of tokenized payment transactions globally by 47% to more than one trillion by 2026 from this year.
E-commerce adoption of one-click transactions and IoT to push tokenised payments by 47%, Juniper Research

According to Juniper Research, the adoption of secure “one-click” transactions and Internet of Things (IoT)…

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, launched the Dubai Metaverse Strategy in accordance with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. The strategy aims to make Dubai one of the top 10 metaverse economies as well as a global hub for the metaverse community.
HH Hamdan bin Mohammed launches Dubai Metaverse Strategy

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman…

The largest cryptocurrency jumped as much as 7% and was trading at $22,370 at 9 a.m. in London. Ether surged 10% and coins like Avalanche and Polygon also posted double-digit gains. Crypto’s advance echoed the bullish mood in equity markets, with Asian and European stocks firmly in the green. 
Bitcoin, Ether, Avalanche hit the green as cryptocurrencies rebound

Bitcoin traded above $22,000 for the first time since June 8 and tested the top…

As the operator of the largest cryptocurrency exchange in the world, Binance Holdings Ltd., comes under heightened regulatory scrutiny, the Dutch Central Bank announced that it has fined the company 3.33 million euros ($3.6 million). The penalty was levied in April when Binance provided cryptocurrency services in the Netherlands without first registering with the central bank, according to a statement released by the monetary authority on Monday.
Binance receives $3.6m fine for unlicensed operations

As the operator of the largest cryptocurrency exchange in the world, Binance Holdings Ltd., comes…

Users will be able to withdraw a small percentage of their balances from CoinFlex after withdrawals were halted last month because a counterparty failed to make a margin call. The cryptocurrency exchange stated in a July 14 blog post that it will halt trading on the site and cancel any outstanding withdrawals at 1am ET on July 15. Users will be allowed to withdraw up to 10% of their accounts after the suspension, but the remaining amounts will be banned, according to the statement.
CoinFlex to allow withdrawals up to 10%

Users will be able to withdraw a small percentage of their balances from CoinFlex after…

In the worldwide metaverse platform Roblox, a virtual playground called Samsung Space Tycoon has been launched by Samsung Electronics. Utilizing alien figures from space and Samsung Electronics goods, Space Tycoon is a virtual environment where users may create, play, and share experiences. Its design and functionality are inspired by the business simulation "tycoon" genre.
Samsung announces virtual playground Space Tycoon built inside Roblox

In the worldwide metaverse platform Roblox, a virtual playground called Samsung Space Tycoon has been…