June 12 news, the Middle East OTC cryptocurrency exchange Coinsfera revealed in a recent statement that the platform will now allow users to buy cryptocurrencies in Fiat currency in Dubai, including BTC, ETH, BCH and LTC. Coinsfera opened its first physical Bitcoin store in downtown Dubai. The company allows users to exchange various cryptocurrencies for cash or make bank transfers. （PR Newswire）

Dubai Hotels Group FIVE Hotels and Resorts plans to accept bitcoin and Ethereum payments

News on June 12 that FOURHotelsandResorts, a large Dubai-based hotel, is planning to open a new branch in Switzerland and accept BTC and ETH as payment options. The branch, called FIVEZurich, will begin operations on June 30, with cryptocurrency payment support turned on at the same time.

European VC Labs launches version DEX3.0, which will go live in June

European VC Lab launched a new DEX3.0 product 5ADEX, it is understood that 5ADEX uses a variable K value model, changed the original DEX AMM service framework, reduce the risk borne by users in asset price fluctuations, the unique transaction deflation model, so that token prices can grow steadily, so that traders in the trading process to enjoy the value empowerment brought by Token deflation, and then enhance trading willingness, bring more transaction income to liquidity providers, the two mechanisms of mutual collaboration, to solve the current problem of insufficient DEX liquidity , 5ADEX will take out 5% of the governance TOKEN for airdrop, the specific airdrop rules please continue to pay attention to official news

Official twitter：VC_laboratory Telegram link：https://ss.transgot.cn/Official_Group_5ADEX

BlueYard Capital's third fund, which raises $185 million, will focus on investing in areas such as Web3

On June 12, venture capital firm BlueYard Capital announced that its third fund has raised $185 million (about 172 million euros). According to the fund's co-founder Ciaran O'Leary, the fund will focus on investing in four cutting-edge technology startups in the seed stage and early stages: Web3, programmable biology, computational engineering, and data knowledge technology. It is reported that BlueYard Capital has invested in a number of crypto and blockchain projects, including crypto accounting platform Cryptio, Polygon-based mirror transaction protocol Housecat, blockchain project Massa Labs, etc.

Layer2 cross Rollup Bridge Orbiter added support for USDT

OrbiterFinance has added SUPPORT for USDT to Layer2 across the Rollup Bridge. Users can now transfer up to 1000USDT between Ethereum, zkSync, Arbitrum, Optimism and Polygon.

Vijay Ayyar: Could see the current bearish sentiment continue into next week

June 12 -- Data showed U.S. inflation hitting a 40-year high and a broader pullback in cryptocurrencies as a whole, with Ethereum falling as much as 5% to its lowest level since March 2021 and Bitcoin falling below $28,000, its lowest level in more than a year. Us inflation data beat expectations, dashing hopes that price rises might be peaking. Vijay Ayyar, vice president of corporate development and international at Luno, a cryptocurrency trading platform, said it is likely to see the current bearish sentiment continue into next week. If you look back at previous bear markets, Bitcoin has typically fallen more than 80%, while copycats have typically fallen more than 90%. If this continues, bitcoin will be much lower in the next month or two.

The Saudi Ministry of Tourism and Saudi Tourism launched NFT digital souvenirs

The Saudi Tourism Ministry and The Saudi Tourism Authority have announced The launch of NFT digital souvenirs for The first time. Saudi Arabia's Tourism Minister Ahmed Al-Khatib has presented a wallet and NFT digital souvenir to the guests of the 116th Session of the Executive Board of the United Nations World Tourism Organization (UNWTO).

Daily earnings for bitcoin miners have fallen by more than 50% in the last six months

June 12 - Although bitcoin miners made a small amount of money last week, daily earnings remained subdued. Daily earnings for bitcoin miners rebounded slightly last week to $27.19 million, but only up 1.47 percent from $26 million the week before, the data showed. What's more, the mining market remains low, with daily earnings of bitcoin miners down 56% from about $62 million a day in November 2021. Bitcoin's computing power has fallen by more than 10% in the past month, with the number of blocks generated per hour also falling to 5.85BTC.

Vitalik: The meta-universe is still in the early stages of being widely recognized

MacaesBruno, author of the bestselling "manifesto of virtualism", said in a social media post that he is still unsure what the link between cryptocurrencies and the metaverse is. Perhaps virtual worlds need some immutability to thrive, and only cryptocurrencies can provide it? Ethereum founder Vitalik responded by asking whether there is a definitive definition of the metadverse. It feels like it's still in the early stages of being universally recognizable, and anyone can use it to describe their product in order to sound meta or virtual, etc. Vitalik notes that both encryption and the metasexes seem to be trying to replicate aspects of reality in virtual worlds. But their concerns seem to be completely different and almost diametrically opposed