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Dubai Enters Agreement with Crypto.com to Power Government Crypto Payment Channel
On May 12, Dubai’s Department of Finance signed a Memorandum of Understanding (MoU) with Crypto.com to process all government service fees in cryptocurrency. This agreement was formalized at the Dubai Fintech Summit. Residents and companies will soon settle licence renewals,...
Metaplanet’s $127M Bitcoin Buy Tops El Salvador’s Holdings
On May 12, Metaplanet, a Japan-based investment firm, announced in a company release that it had purchased an additional 1,241 Bitcoins for roughly $126.7 million, paying an average of $102,119 per coin. With this move, Metaplanet now holds 6,796 BTC,...
Pennsylvania Pension Fund Blocks New Investments In Tesla Stock
Pennsylvania’s Lehigh County Pension Board has voted to halt fresh purchases of Tesla (NYSE: TSLA) stock. The fund, which oversees investments of just under $600 million, becomes the first known case of a public pension fund blocking investments in TSLA...
Meta Eyes Stablecoin Integration for Payouts Through Crypto Collaborations
Facebook's parent company Meta is in talks with cryptocurrency firms to integrate stablecoin payments into its platforms. According to an exclusive report by Fortune, three sources disclosed that Meta reached out to several crypto infrastructure providers earlier this year. Meta...
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