The Abu Dhabi Blockchain Center has been unveiled as a symbol of the region’s dedication to driving innovation and growth within the entire Web3 ecosystem. This new center is poised to position Abu Dhabi as a global leader in blockchain technology and innovation, providing a platform for startups, enterprises, and academic institutions to thrive. The
Innovation
Senator Cynthia Lummis from Wyoming has taken a bold step in proposing the ‘Bitcoin Act’ as a means to bolster the U.S. government’s reserves with 1 million BTC over five years. This move has been dubbed as the ‘Louisiana Purchase moment,’ signaling the significance of this decision in the digital age. By recognizing the resilience
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
Manchester United has taken a pioneering step in the world of football by launching player trading cards and the Fantasy United game for the 2024/25 season on the Tezos Blockchain. This groundbreaking move allows fans to collect cards featuring first-team players, build squads, and engage in a Web3 fantasy football experience. The ‘Fantasy United’ game
The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) with the aim of providing regulatory clarity for the country’s digital assets industry. This legislation comes nearly two years after the collapse of FTX, the exchange that was headquartered in the Bahamas in 2022. The goal
The world of digital art is facing a legal dilemma as Jonathan Mann and Brian L. Frye take on the US Securities and Exchange Commission (SEC). The dispute revolves around the classification of Non-Fungible Tokens (NFTs) representing digital art as securities under US law. Mann and Frye argue that their unique NFT artworks should not
Doodles has recently announced the launch of their Super Pass for DoodlesTV on Coinbase’s Base, an Ethereum layer-2 scaling network. This marks a significant step in Doodles’ transformation from a collection of NFTs to a multi-faceted Web3 entertainment company. DoodlesTV, the latest addition to The Stoodio at the Doodles site, leverages Web3 technology to revolutionize
Ethereum, the second-largest cryptocurrency by market capitalization, is currently showing signs of a bullish trajectory, according to insights from CoinSignals, a leading crypto analysis platform. The platform predicts that Ethereum could experience a significant price rally, with its value potentially reaching between $12,000 and $15,000 in the near future. This positive forecast is based on