Weekly News: Crypto & Real Estate Highlights

Weekly News: Crypto & Real Estate Highlights

In today’s edition, we are providing details on our event in Cyprus this week. We will also be taking a look at what is happening in the world of crypto, real estate news, dedicated to the Dubai property industry, and Global Listings updates. Let’s get into it!

Crypto News

Coinbase Launches Base Blockchain. Recently, Coinbase introduced Base, its own Layer 2 (L2) blockchain. The base is built using Optimism's OP stack. To create this new blockchain, Coinbase partnered with Optimism and is also replicating some of Optimism's code on Base.

Israel Public Stock Exchange Seeks to Trade Crypto. The official Israeli exchange TASE recommends legislative changes that would allow some clients to trade cryptocurrencies. The new regulations would allow users to deposit fiat money to invest in crypto assets and withdraw money from such investments.

Visa Continues to Expand its Digital Assets Department. According to a recent report, Visa plans to continue launching cryptocurrency products and is expanding its digital assets division. Cuy Sheffield, the company's Head of Cryptocurrency, tweetedTuesday that a Reuters report that both Visa and Mastercard were slowing their push into cryptocurrency was "inaccurate" when it came to Visa.

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Real Estate News

Dubai Records $2.8 Billion in Week-Long Real Estate Transactions. According to the Arabian Times, 2,702 real estate transactions with a total value of AED 10.4 billion were completed in Dubai in the week ending February 17, 2023. Altogether, 221 plots of land and 1,866 apartments and villas were sold.

Global Listings Adds over 100 Countries to its Property Listings. Miami-based Global Listings, the world's largest search engine for online real estate listings, has officially announced that it has launched more than 100 separate country-specific websites for searching real estate listings. Users of the Global Listings website can now find thousands of local properties in countries such as Italy, France, the United Arab Emirates, and others.

‍Dubai Apartment Sells for Record $112 million as Property Market Surges. While the real estate market continues its upward trend from last year, a record was set for the sale of the most expensive apartment in Dubai. The sale of a penthouse in the Bulgari Lighthouse complex on Jumeirah Bay sold for $112 million. According to the Dubai Land Department, the property is an off-plan purchase for a nine-bedroom home with five parking spaces.

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Company News | Last Call | Event in Cyprus on March 3rd

XEROF and the University of Nicosia will partner for the "Crypto, Law & Real Estate in Cyprus" event on March 3rd, 2023, at the University of Nicosia. Join our event in person or online. Read more and register.

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Company News | Meet XEROF at the AIBC March 13-16

The UAE has developed into a global hub for blockchain and crypto innovation. The adoption of a clear regulatory, framework continued support for innovators, and a vibrant ecosystem have established the UAE as a leading global destination for our industry.

XEROF is proud to be attending one of the largest trade shows,  AIBC, in Dubai from March 13-16th. If you are in Dubai, please come and visit us at booth BR20 and attend our panel on 'the importance and inevitability of crypto regulations' on March 14th. Read more & drop a note to meet here.

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