Download App
iOS & Android

Real Estate Developer Unveils Plans for Bitcoin Tower Project in Dubai With Both Physical and Virtual Versions in the Metaverse

Real estate developer Salvatore Leggiero has revealed the initial design of the Bitcoin Tower in Dubai, which will have both a physical and virtual version in the metaverse. Leggiero hopes to build the tower near Sheikh Zayed Road, where Dubai's famous skyline resides, and believes it could solidify the UAE's leadership position on crypto.

He also expressed his desire for the project to be open and mentioned the possibility of creating a Decentralized Autonomous Organization (DAO).

The UAE's regulatory framework is more streamlined and business-friendly than the complex and fragmented regulatory environment in the United States, according to Saqr Ereiqat, co-founder of venture building company Crypto Oasis.


All Comments

Recommended for you

  • EIP for EVM Native Bundles

    Today, all sequencing logic for a mainnet block is controlled by the single winner of the JIT PBS block auction. This is problematic as sequencing, the choice of who gets to alter what piece of state in what order, influences value flow. The goal of this EIP is to give transactions and smart contracts more control over how they are sequenced through explicit delegation of local sequencing rights.
  • Releasing Alloy

    One year ago, we announced Alloy, our full rewrite of the low-level building blocks for interacting with EVM blockchains, from the RPC types, down to the ABI encoders and primitive types.
  • HashKey Group will launch the platform currency HSK in Q3 2024

    HashKey Group announced that the HashKey platform coin HSK will be listed in Q3 2024. HSK will be used for all core applications in the HashKey ecosystem and continuously expand external community co-construction. Before the listing, HSK will launch a community airdrop to reward ecosystem participants.
  • ChatGPT suffered another major failure two weeks later

    On June 17th at 2:00 PM EST (June 18th at 2:00 AM Beijing Time), users reported a malfunction with OpenAI's ChatGPT on DownDetector. OpenAI quickly confirmed the issue with ChatGPT and updated their status bar at 2:39 PM, stating that they were investigating the high failure rate of ChatGPT. According to reports, mobile and web versions of ChatGPT in the US and the UK were intermittently unable to respond to user queries, either for several minutes or not at all, and displayed various errors (answers). As of 5:00 PM, OpenAI updated their status bar to indicate that all systems were operational, and DownDetector showed a decrease in error reports for OpenAI. ChatGPT 3.5 and ChatGPT 4o are able to generate answers that include images.
  • Ripple vs SEC: The Legal Battle that Shook the Crypto World

    The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has become a major talking point in the cryptocurrency world. This lawsuit, which began in 2020, could set a precedent for how digital assets are regulated in the future. Let’s dive into the details and understand what’s at stake.Think about how this can affect the regulations around coins in the future for a minute. How will the SEC look at the celebrity meme coin meta of today?
  • Volume 187: Digital Asset Fund Flows Weekly Report

    FOMC dot plot the likely cause of US$600m outflows
  • The History & Future of $MONEY

    Stablecoins have emerged as a foundational pillar within decentralized finance (DeFi), providing access to a fast, efficient, borderless, and stable way to transfer value on the internet. Among the plethora of decentralized stablecoin projects, one stands out for its innovative approach and groundbreaking advancements: $crvUSD.
  • Linea mainnet has bridged 652,800 ETH

    According to Dune data, the Linea mainnet has bridged 652,831 ETH with a total of 1,133,781 transactions and 515,818 interacting addresses.
  • Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X

    According to Yi He, “a significant amount of money” was lost when users were tricked by an impersonation scam.
  • Deutsche Telekom announces Bitcoin mining plans at BTC Prague

    Deutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on’s decentralized blockchain.