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Dubai is advancing its payment systems by integrating cryptocurrency options through partnerships between Emirates Airline and Dubai Duty Free with the digital asset platform Crypto.com. This initiative follows the signing of strategic Memorandums of Understanding (MoUs) aimed at enhancing digital finance innovation in the region. Dubai Duty Free, which reported over $1.12 billion in sales … Read more
Bitcoin venture capital firm Ego Death Capital on Tuesday closed a $100 million fund that will focus on investing in Bitcoin software startups, according to reporting by Axios. The fund will specifically aim to back startups in the seed or series A stage with anywhere between $1 million and $3 million in revenue. These will … Read more
A top Russian diplomat has squarely blamed former President Joe Biden for the U.S. dollar’s shrinking dominance in global finance, accusing Washington of using payment systems as tools of political coercion. Framing it as a consequence of American economic pressure tactics, Russian Foreign Ministry spokeswoman Maria Zakharova alleged that Biden’s administration deliberately isolated nations from … Read more
Bitcoin shattered its previous all-time high on Wednesday, soaring to an unprecedented $112,040 per coin. The cryptocurrency appreciated 3% against the U.S. dollar on July 9, registering a new record on Bitstamp at $112,040. Bitcoin’s market capitalization now rests at $2.221 trillion, accompanied by $28.18 billion in volume exchanged throughout the day. This upward movement … Read more
Meta has invested approximately $3.5 billion for a minority stake in Essilor Luxottica, the world’s largest eyewear manufacturer, as part of its strategy to expand into the artificial intelligence (AI) glasses market. The acquisition, which amounts to just under 3% of the Ray-Ban maker, reflects Meta’s commitment to developing AI-powered eyewear, building on their existing … Read more
The Israeli new shekel has reached its strongest level against the US dollar in over 30 months, specifically since January 2023, with the current exchange rate at approximately 3.327 ILS per USD as of July 9, 2025. This marks a significant appreciation of the shekel, which has strengthened by 4.87% over the past month and … Read more
Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced its aggressive strategy to acquire as much bitcoin as possible in a bid to leverage its holdings for purchasing cash-generating businesses. CEO Simon Gerovich described the current market as a “bitcoin gold rush,” aiming to increase … Read more
An indictment was unsealed on Tuesday in the District of Puerto Rico, charging Michael Shannon Sims, 48, and Juan Carlos Reynoso, 57, for their alleged roles in operating and promoting Omegapro, an international investment scheme that defrauded investors of over $650 million, primarily via cryptocurrency. According to court documents, Sims, a founder and promoter of … Read more
Opensea has announced its acquisition of Rally, a move that aims to enhance its mobile and token trading capabilities. Chris Maddern, the new Chief Technology Officer of Opensea, expressed excitement about the acquisition, highlighting that the Rally team brings valuable expertise to the company. The integration of Rally is expected to supercharge a new mobile … Read more
Sequans Communications (NYSE: SQNS), a French semiconductor company, announced on Tuesday that it has successfully closed a $384 million private placement offering and will use the proceeds to buy bitcoin. Sequans has also struck a partnership with U.S.-based Swan Bitcoin, a financial services firm that specializes in bitcoin-focused wealth management. Swan will assist Sequans with … Read more