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Sponsored In the photo from left to right: Saif Al Mansouri – CEO TRES OTC DMCC; Ahmed Bin Sulayem – Executive Chairman and Chief Executive Officer of DMCC; Dmitry Krasnogor – Managing Director TRES OTC DMCC; Antony Katin – CEO SIMBA Storage; Alexey Liakhovnenko – CEO TRES Group GmbH. Back in 2020 , at the Davos summit, the DMCC (UAE Free Economic Zone) announced a strategic partnership with CV VC and CV Labs Launch of Crypto Valley, the world’s largest ecosystem for cryptography, blockchain and distributed ledger in Dubai. More and more countries are adopting cryptocurrencies after long resistance. The UAE is rightly one of the most progressive countries of the last decades, which after long denials and misunderstandings does not stand still and sees a perspective in the development of the cryptocurrency industry within the country. The cryptocurrency industry has already shown its strength and serious intentions to conquer and improve the whole world. The capitaliza

A new museum on the history of Bitcoin mining was opened in Venezuela last weekend. The institution allows visitors to learn about the history of cryptocurrency mining, from its roots to the current state of the mining industry. The museum is part of a private initiative by Criptoavila, a mining company. Bitcoin Mining History Museum debuts in Venezuela A newly created museum dedicated to the history of Bitcoin mining opened its doors to the public last weekend in Venezuela. The new initiative from Criptoavila, a private company whose members have nine years of mining experience, aims to introduce people to the world of Bitcoin mining. The museum, which is located in Caracas, is open to all visitors and entry is free. According to Criptonoticias, the exhibition will show the evolution of Bitcoin mining since the origins of the Central Processing Unit (CPU) and go through the mining phase of the Graphics Processing Unit (GPU). Then finally arrive at the current era of applicatio

A group of Paraguayan lawmakers tabled a “Bitcoin law” in the National Congress last week, but it turned out to be a very different proposal from what crypto supporters had expected. The bill aims to control and regulate cryptocurrency transactions and set taxes. Nowhere in the proposal is there any mention of declaring Bitcoin or other cryptocurrencies as legal tender. “Bitcoin Bill” presented in Paraguay The long-hyped “Bitcoin Law” was finally presented to the National Congress by two legislators in Paraguay last week, but it wasn’t what some expected. The project presented by MP Carlos Rejala and Liberal Senator Fernando Silva Facetti does not aim to make Bitcoin legal tender, as El Salvador did last month. In fact, it says the opposite. In an early draft it says: “Digital assets are not legal tender used by the Paraguayan state and for this reason they are not supported by the Central Bank of Paraguay” Instead, the proposed law aims to regulate crypto transactions for t

Shortly before anti-virus tycoon John McAfee was found dead in Spain, he told the public from prison that the US federal authorities had confiscated all of his property and that he had “nothing”. Now a biographer writing a McAfee-based bio has confirmed McAfee’s story. Author Mark Eglinton says McAfee couldn’t pay for the requested bio either. McAfee was unable to pay the requested biography costs In 1987, John McAfee wrote the first commercial antivirus software, sold his stake in the company in 1994 and resigned. According to reports, McAfee’s net worth peaked at $ 100 million by 2007, but his funds are said to have evaporated quickly during the 2008 financial crisis. A picture of John McAfee when he lived in Belize for a few years. McAfee’s antivirus company, called McAfee, was acquired by Intel for $ 7.6 billion in 2010. After Intel changed the company’s name to “Intel Security,” McAfee issued a statement stating that it was “stripped of this terrible association with the

Press release PRESS RELEASE. Toronto, July 19, 2021 – FOHO is building a transparent fractional ownership marketplace that uses the wisdom of the masses to uncover deals, hold sellers and property managers accountable, and manage the use and income disbursements for property assets. Your modus operandi revolves around a trust-based system. Behind the platform are Tangentia – one of the fastest growing technology companies in Canada and Tripvillas – a leader in the development and management of vacation homes. FOHO Coin – a utility token for use in the FOHO ecosystem announced today that it has entered into agreements for its Initial Exchange Offering, or IEO, on the Ascent by Bitnbs Launchpad. The IEO will open on July 27, 2021. FOHO was founded in Goa in 2019 and raised capital from Tangentia Ventures. It quickly gained momentum with stores in Goa and Sri Lanka. In 2021 it received further support from Tripvillas – a leading manager of holiday home communities with over 5000

Brian Armstrong, Coinbase CEO, used Twitter to share his thoughts on the statements made by Jackson Palmer, co-founder of Dogecoin, last week. While Palmer now has a negative vision of the cryptocurrency industry, Armstrong is in the opposite realm. For Armstrong, the cryptocurrency industry has its problems, but it still offers an alternative for people who want more economic freedom. Coinbase CEO faces Dogecoin founders for his views on cryptocurrencies Capitalist, right-wing, centralized … these were some of the traits Dogecoin co-founder Jackson Palmer attributed to the entire cryptocurrency market earlier this week. Palmer’s thoughts on the current state of the cryptocurrency industry sparked violent social media reactions. But one of the few who formulated a structured response to Palmer’s tweetstorm was none other than Brian Armstrong, CEO of Coinbase. Armstrong stated that while the cryptocurrency system as it is designed now has its problems, it offers a far better dea

A panel of crypto experts has predicted that the price of Bitcoin will soar to $ 318,417 by December 2025. The most optimistic expert believes that the price of the cryptocurrency will reach $ 160,000 by the end of the year. Meanwhile, 54% of them believe that hyperbitcoinization will happen by 2050. Crypto Experts Share Bitcoin Price Prediction Finder, a major product comparison website, did a study to find out the future prospects of Bitcoin as it grew in popularity. “As awareness of cryptocurrencies spreads, all eyes are on the price of Bitcoin. So we asked our panel of 42 cryptocurrency experts what was in store for the coin, ”the company said last week. Panelists include crypto asset managers, executives from crypto exchanges and other service providers, crypto analysts, professors and lecturers at universities. Among the various topics discussed was what the price of Bitcoin will be at the end of the year and in a few years. Viewfinder detailed: Although there may be so

Over 1,000 Bitcoin mining machines have been completely destroyed in Malaysia after they were confiscated for illegally mining the cryptocurrency using stolen electricity. The mining machines, valued at around 1.26 million US dollars, have been rolled over in the Malaysian city of Miri and eight people have so far been arrested. Demolished over a thousand bitcoin mining machines in Malaysia The Malaysian authorities completely destroyed 1,069 Bitcoin mining machines, which were seized between February and April, with a steamroller, local media reported on Friday. The mining machines were confiscated in a joint action by the police and Sarawak Energy Berhad (SEB) in Miri, a Malaysian city on the northwest coast of the island of Borneo. Their value is estimated at 5.3 million Malaysian ringgits ($ 1.26 million). All court-settled seizures were disposed of at Miri District Police Headquarters on Friday. Miri Police Chief ACP Hakemal Hawari said eight people were also arrested for

The leading Korean crypto exchange Bithumb is terminating its branding agreements with two coin trading platforms operating overseas under its brand name. The move comes as the digital asset exchange in South Korea prepares to meet the country’s stricter regulations for the industry, which will be enforced in September. Bithumb Global and Bithumb Singapore change their brand names as Bithumb terminates branding agreements Two cryptocurrency exchanges, Bithumb Global and Bithumb Singapore, will no longer be able to use the brand name and brand Bithumb as of the last day of this month. Bithumb Korea Co., Ltd., operator of the leading South Korean digital currency platform, announced its decision to terminate the trademark license agreements with the two companies. According to the advance notice published this week, the termination date for the contracts has been set for Friday, July 30th, 2021. The non-exclusive trademark license agreements described in the press release apply t

Jackson, the Mayor of Tennessee, is a fan of Bitcoin and wants the city to become a Bitcoin hub to attract tech companies and innovation. Jackson’s Mayor Scott Conger is discussing creating laws that would allow Jackson residents to pay property taxes using Bitcoin. Jackson, the mayor of Tennessee, is a fan of Bitcoin, wondering why we accept inflation Miami Mayor Francis Suarez isn’t the only bitcoiner trying to bring bitcoin companies and technological innovations to his city. Jackson, the Mayor of Tennessee, is also a Bitcoin fan, and Scott Conger is the third member of his family to be Jackson’s Mayor. Conger noted that inflation rose after the federal government and central bank put massive stimulus in place over the past year and a half. In Conger’s opinion, Bitcoin is the only solution to this problem. Conger three days ago tweeted : Why do we accept inflation? Why are we not demanding more from our federal government 6.3% in 2 years? 172.8% in my life. Every year our

The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have carried out a comprehensive study on the use of central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that improved cross-border payments “can be achieved … as long as countries work together”. The Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund and the World Bank published a joint report to the G20 on July 9, entitled “The Central Bank’s Digital Currencies for Cross-Border Payments”. The report states: “Cross-border payments are often criticized for their high costs, their slow speed, their limited access and their insufficient transparency.” To meet these challenges, the G20 countries adopted a roadmap in October last year. It was developed by the Financial Stability Board (FSB) and other relevant standardization bodies. Various aspects of central bank digital currenci

Analysis provider Ecoinometrics has published a tweetstorm that shows that the current downward spiral from Bitcoin’s all-time high is one of the “longest drawdowns Bitcoin had to contend with during a bull market after being halved”. In addition, on the same day, analyst and economist Julio Moreno highlighted in a recently published blog post that “with Bitcoin, volatility is your friend”. Analyst discusses Bitcoin’s second longest drawdown before the next price move Most people in the industry understand that Bitcoin (BTC) prices have seen better days and many viewers are wondering when the crypto asset will bounce back. The fact is, we really don’t know, but people are using previous chart patterns from previous bull markets and have measured a number of time spans. Recently, Bitcoin.com News has published at least two market reports showing that speculators believe this bull run is similar to the 2013 action Ecoinometry , the current downturn is the second longest since 201

As of July 18, Bitcoin is the most valuable cryptocurrency in US dollars per unit, currently trading for $ 31,693. In addition to all the packaged Bitcoins and synthetic Bitcoin connections, the second highest crypto asset per unit is the longing for financing and the manufacturer follows. Removing market cap positions and looking at crypto assets this way gives a user a completely different perspective. A look at the top digital currencies by unit price At the time of writing, there are only two crypto assets worth five digits and only two worth four. A look at the price of each coin per unit shows how many coins are being traded in certain price ranges. The unit price recorded in this report was recorded at 8:55 a.m. EDT on Sunday, July 18, 2021. The data was collected from the crypto market aggregation sites market.bitcoin.com and coingecko.com. The five most expensive crypto assets per unit include Bitcoin, Long Finance, Maker, Ethereum, and Bitcoin Cash. The per-unit pric

According to regional reports, the current leadership of El Salvador is in the process of developing a stablecoin that will be backed by the US dollar. Meanwhile, others believe that the stablecoin idea has now been discarded after Nayib Bukele’s government decided to use Bitcoin. Some say the Colón dollar is being developed, others claim the Salvadoran stablecoin idea has been scrapped There is much discussion about a report by the regional news agency El Faro. The investigation claims that Salvadoran President Nayib Bukele and his regime are planning to issue a stablecoin. The El Faro report links to videos showing the president’s brothers discussing the stablecoin called the Colón dollar. The El Faro report notes that a spokesman for the Bukele regime says the stablecoin plans have been scrapped, but “sources familiar with the matter” told El Faro that they disagree. This is because the meetings on the Colón dollar are still ongoing and will take place after Nayib Bukele pas

A data center that was blown up by Ukrainian law enforcement agencies this month for suspected electricity theft may have had a purpose other than mining cryptocurrencies. The Ukrainian security service called the facility the “largest underground crypto farm” found to date, but media reports have challenged this claim. Ukrainian company files complaints about SBU raid on its facility In early July, the Security Service of Ukraine (SBU) announced that it had discovered a crypto mining farm running on stolen energy in the city of Vinnytsia. Officials confiscated around 5,000 pieces of hardware, including 3,800 game consoles and 500 graphics cards, from a former warehouse in Vinnytsiaoblenerho. The local electricity company is said to have suffered losses of up to $ 256,000. The illegal mining facility was operated by residents of Vinnytsia and the capital, Kiev, according to law enforcement agencies. According to an article by Ain.ua, the seized equipment belongs to a company ca