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After positioning itself as a crypto hub with its virtual asset law, Dubai is now eyeing the metaverse. Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, announced this news through a tweet on July 18. His tweet read: [embed]https://twitter.com/HamdanMohammed/status/1548987283310878722[/embed]   Under its metaverse strategy, Dubai plans to become the leading metaverse destination in the MENA region. On the global scene, Dubai seeks to become a top 10 metaverse economy. Additionally, the emirate plans to quintuple the number…

Moonstake is a new way to invest in the cryptocurrency market. The project allows users to invest in crypto and then receive daily payouts based on the performance of that portfolio. Moonstake also offers a popular affiliate program that rewards users for referring others to the platform. This review will analyze Moonstake's competitive offer and review it impartially for the benefit of our readers. What Is Moonstake? Staking is the process of holding onto your cryptocurrency coins to support the…

As the crypto industry has matured, so has the staking concept. Staking is the act of committing tokens to a network to receive rewards for supporting the network. This process helps to secure and validate transactions on a blockchain.  In the staking world, Zug Capital has gained popularity over the last years. Our review will look more closely into this project, sharing important details with our readers. What Is Zug Capital? Zug Capital is a Swiss company that invests in…

Leading crypto exchange Coinbase has secured a crypto asset service provider license in Italy. The company announced this news through a blog post on July 18. This license will allow the exchange to offer Italians crypto services in a regulated environment. According to the blog post, Coinbase moved to secure the license after Organismo Agenti e Mediatori (OAM) said it would implement new requirements for crypto service providers. Among the new requirements for crypto service providers is securing regulatory approval.…

Leading exchange firm Binance is facing a 3M euro charge from the central bank of the Netherlands (DNB) for operating without permission from regulators. Binance Breaks Dutch Regulatory Requirements Today, the institution shared a release noting details of the exchange’s violations and the ensuing fine. According to the report, Binance offered crypto services within the jurisdiction without obtaining a license from the DNB.  As this is prohibited, the major bank imposed a fine over 2 months ago on the 25th…

Cryptocurrencies are all the rage these days, with new ones popping up daily. While some may be legitimate, many are simply scams. Polkastarter is a crypto launchpad working with multiple blockchains to help ensure the legitimacy of new projects.  The team provides everyone a platform to kickstart their new crypto adventure.  By working with multiple blockchains, Polkastarter can provide a more secure and trustworthy environment for launching new cryptocurrencies. In addition, Polkastarter can help to ensure that new currencies are…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $964 billion. Bitcoin has increased by nearly 2% this week. Ethereum gained almost 17% over the past seven days. XRP is up by nearly 8% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector maintains the total value protocols (TVL) above $40 billion. Crypto Trends…

The Federal Reserve Board of the United States recently surveyed 80 banks on their future financial and investment expectations. A majority of respondents displayed little interest in investing in distributed ledger technology (DLT) in the near term. Just a quarter of surveyed banks called DLT-related investment a “medium” or “high” priority within the next 2 years. Meanwhile, 22% called it “low priority,” while 33% said it was no priority at all. On a 2 to 5-year timeframe, the results were…

Russian President Vladimir Putin signed a bill into law preventing the use of digital assets as a means of payment According to the explanatory note on the draft law, the bill prevents “the use of digital financial assets… as a means of payment.” Specifically, it establishes a direct ban on the “transfer or acceptance of” digital financial assets as compensation for work, goods, or services. The note reinforces the primacy of the ruble as Russia’s official monetary unit.  “This article…