RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, rising by 0.47 percent to $29,785.28 as of 9:00 a.m. Riyadh time.
Ethereum, the second most traded cryptocurrency, was priced at $1,794.73 up by 1.68 percent, according to data from Coindesk.
DAMAC completes $50m in crypto deals
A Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth SAR1.8 billion ($50 million) since the beginning of the year, according to its Chief Operating Officer, Ali Sajwani.
Damac properties is having a hard time convincing older generations to embrace cryptocurrencies, non-fungible tokens, and the metaverse, Sajwani said, according to Bitcoin.com
In accepting either Bitcoin or Ethereum as payment, Sajwani noted that DAMAC has demonstrated its willingness to go the extra mile to “benefit from the most advanced technology solutions,” the article said.
VC Cypher Capital invests in blockchain company Iomob
The blockchain-focused...
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