2024 in review: The UAE crypto legal chronicles

Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. 101 Total views 3 Total shares The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China.Russian Energy Minister Nikolai Shulginov announced Wednesday…

Basketball legend Michael Jordan and Hollywood icon Will Smith are among a group of investors in Dapper Lab’s latest funding round. 616 Total views 15 Total shares NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors.According to a report by Business Insider on Tuesday, past and present…

Coinbase Pro, the professional offering of United States-based crypto exchange and wallet service Coinbase, has announced support for Stellar Lumens (XLM) in a blog post on March 13.Per the post, Coinbase Pro will now accept deposits of XLM for around 12 hours before enabling full trading. Coinbase notes that after establishing sufficient supply of XLM,…

Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites.Per the announcement, the card will function like a traditional prepaid card with access to additional discounts and rewards that users will be…

A subsidiary of $80 billion German behemoth Deutsche Telekom has become a Chainlink node operator and will engage in "generalized mining." 1872 Total views 2 Total shares A subsidiary of Deutsche Telekom called T-Systems has become a Chainlink (LINK) node operator.Deutsche Telekom is one of Germany’s leading companies, employing over 200,000 people and has a…

Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021.More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last time…

Switzerland-based consortium Crypto Valley Venture Capital (CV VC) has launched a blockchain incubator with a $100 million goal, swissinfo.ch reported September 20.CV VC has reportedly launched its initial incubator dubbed “Genesis Hub” in the canton of Zug, also known as Switzerland’s Crypto Valley. The Crypto Valley Association was founded as a government-backed consortium in March…

Manchester United, one of the world’s most popular soccer (or football) teams is reportedly set to announce a multi-year training kit sponsorship by Proof-of-Stake blockchain platform, Tezos.First reported by The Athletic, the deal is apparently in excess of $27 million per year, allowing Tezos to place its logo on the team's training uniform. Manchester United…