Solana Foundation Signs Crucial MoU With Dubai’s VARA: Details
Solana Foundation and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed an MoU to establish the Dubai Solana Economic Zone.
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
Solana Foundation and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed an MoU to establish the Dubai Solana Economic Zone.
Ripple’s stablecoin entered the Dubai International Financial Centre despite being less than six months old.
Hyperliquid price has gained 9.82%, reaching $36.23, following Binance.US’s announcement of an upcoming spot listing.
Strategy has added another 705 Bitcoin to its holdings at $75 million, with its total BTC holdings now pegged at 580,955.
Wintermute reported that over 80% of Ethereum’s EIP-7702 delegations link to malicious “sweeper” contracts, which drain funds from compromised wallets.
IG Group has launched a spot trading service for Bitcoin, Ethereum, and XRP for retail investors, expanding its crypto asset footprint.
Cardano founder Charles Hoskinson predicts Bitcoin could reach $250K–$500K, citing DeFi progress and the expansion of the global crypto ecosystem.
Bitcoin enters June with historical weakness, technical risks, and macro headwinds despite ongoing institutional interest.
Metaplanet made a fresh purchase of 1,088 Bitcoins, bringing its total holdings to 8,888 BTC and securing its place among the top ten Bitcoin-holding companies worldwide.
The Taiwanese crypto exchange was likely hacked, but hid the issue for more than three weeks.
PSG saw a significant decline in its fan token value despite winning its first-ever UEFA Champions League title.
Cardano founder Charles Hoskinson has reiterated the network’s commitment to Bitcoin DeFi while spotlighting projects like Midnight, Leios, and Midgard.
Cetus Protocol has received approval of the on-chain vote to transfer the previously quarantined funds on Sui to a multisig trust wallet.
BlackRock’s Bitcoin ETF (IBIT) recorded $5.95 billion in inflows during May 2025, adding 56,798 Bitcoins to its holdings, with AUM hitting $70 billion.
Ethereum’s on-chain metrics, along with a sustained 6% annualized premium in ETH futures, suggest a potential recovery to $3,000.