Blockchain

The UAE telecom major e& (formerly Etisalat) is launching its own NFTs (non-fungible tokens) – and thus becoming the first ‘tech and investment conglomerate’ in the Middle East to do so.
e& prepares to become first tech firm in ME to launch NFTs

The UAE telecom major e& (formerly Etisalat) is launching its own NFTs (non-fungible tokens) –…

"The Sandbox – which is a leading decentralised virtual world that houses the metaverse-based headquarters of Dubai’s Virtual Assets Regulatory Authority (VARA) – has acquired the Uruguayan company Cualit, a full-stack development technology firm experienced in gaming, to boost its Web3 and blockchain innovation and development capabilities.
The Sandbox developers acquire technology development firm Cualit to support infrastructure

“The Sandbox – which is a leading decentralised virtual world that houses the metaverse-based headquarters of…

The Dubai Metaverse Strategy, which was announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum earlier this month, aims to increase the contribution of the metaverse sector to the emirate’s economy to $4 billion by 2030.
Dubai’s Metaverse Strategy to help 42,000 jobs become virtual, adds $4 billion to its economy by 2030

The Dubai Metaverse Strategy, which was announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al…

Dubai's Museum of the Future is to launch its first non-fungible token (NFT) collection — The Most Beautiful NFTs in the metaverse — as it aims to develop a range of products on the blockchain.
Binance will launch its first-ever NFT collection at Dubai’s Museum of the Future

Dubai’s Museum of the Future is to launch its first non-fungible token (NFT) collection —…

Florian Unghetti and Liz Nunez are creating history by being the first couple in the UAE to get married in metaverse later this week. The event which will be attended by close family and friends of the couple will be held in Decentraland.
UAE’s first Metaverse wedding happening this week

Florian Unghetti and Liz Nunez are creating history by being the first couple in the…

Coinbase, the third-largest crypto exchange by volume, has changed its tune on hiring amid a market downturn.
Coinbase pulls back on hiring due to crypto market turbulence

Coinbase, the third-largest crypto exchange by volume, has changed its tune on hiring amid a market downturn.…

Bitcoin's proof-of-work methodology for validating blockchain transactions, according to FTX founder Sam Bankman-Fried, cannot handle the millions of transactions required to make the cryptocurrency an efficient payment method.
Bitcoin cannot be seen as a future payments method, says FTX CEO

Bitcoin’s proof-of-work methodology for validating blockchain transactions, according to FTX founder Sam Bankman-Fried, cannot handle…

Singapore-based Luna Foundation Guard (LFG) said on Monday it spent billions of dollars' worth of Bitcoin and other cryptocurrencies last week in its unsuccessful attempt to uphold the peg of collapsed stablecoin TerraUSD (UST).
TerraUSD crash cost the foundation behind it billions worth of Bitcoin

Singapore-based Luna Foundation Guard (LFG) said on Monday it spent billions of dollars’ worth of…

The Terra Luna token fell from a high of $118 (£96), last month, to $0.09 on Thursday. The collapse had a knock-on effect on a linked token, TerraUSD, which is normally stable. And spooked investors are now pulling out of major crypto-currencies, sending markets plummeting.
Cryptocurrency token loses 99% of value sending another “stable” coin downhill

The Terra Luna token fell from a high of $118 (£96), last month, to $0.09…

The sharp drop comes after the US Bureau of Labor Statistics reported consumer prices for April were higher than expected, causing investors to sell off riskier assets such as cryptocurrencies. Meanwhile, the price of Ether shed more than 23 per cent.
Bitcoin price crashes to 2022 low amid crypto market collapse

Bitcoin fell below the $27,000 level as the sell-off in the cryptocurrency world continues.  The…