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Chinese court ruling invalidates 2019 car sale contract settled with digital currency
Shanghai Fengxian People's Court said in its ruling that using the digital token instead of fiat money made the sales contract null and void.
BitOasis exchange lays off employees amid market downturn
BitOasis disclosed laying off about five percent of its employees, which the CEO and Co-Founder, Ola Doudin, said is equivalent to nine employees across its offices in Dubai, Abu Dhabi, and Amman.
Tencent forms ‘extended reality’ unit to further metaverse development
The unit will be headed by Tencent Games Global's Chief Technology Officer Li Shen and will be part of the conglomerate's Interactive Entertainment business group.
Huobi targets Middle East with new Dubai license
Huobi has obtained a license in Dubai but is yet to secure approval to provide digital asset trading services, in addition to its new license in New Zealand.