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Day: February 13, 2023

Canadian University Dubai backtracks on accepting crypto via Binance Pay

Canadian University Dubai backtracks on accepting crypto via Binance Pay

The Canadian University Dubai (CUD) announced a partnership with Binance Pay to accept cryptocurrency course payments, but the initiative’s initial euphoria was dampened by a technical issue. Over 200 cryptocurrencies are supported via Binance Pay, which has no transaction fees. Over 1800 domestic and international students attend CUD and pay a $18,000 yearly tuition cost. For service providers of virtual assets, Dubai announced crypto laws on February 7th (VASPs). Irina Heaver, a United Arab Emirates-based cryptocurrency and blockchain attorney, told Cointelegraph that regulatory clarity is excellent for business. News Sorce

Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

Blockstream CEO Adam Back predicts that by the end of the sixth halvening in 2032, the price of Bitcoin (BTC) will reach $10 million and have a $200 trillion market cap. He anticipates that more investors will start to “stack” bitcoin into cold storage wallets and that the next wave of adoption may be influenced by hyperbitcoinization spurts. BTC would need to “displace” a sizable percentage of store of value premiums from bond, real estate, gold, and stock portfolios. News Sorce