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The largest developer of luxury real estate in the UAE will sell real estate for cryptocurrency

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DAMAC Properties, Dubai’s leading luxury real estate developer, has announced that it will support the digital economy by providing the ability to pay for properties with crypto assets denominated in Bitcoin and Ethereum.

The largest developer of luxury real estate in the UAE will sell real estate for cryptocurrency

The developer believes that this measure will “revolutionize” the real estate market, making the terms of transactions more comfortable for customers around the world. The seller called the start of settlements using cryptocurrencies “an initiative to develop a new economy for new generations.”

The United Arab Emirates is developing a comprehensive system for regulating cryptocurrencies, the agency notes. Thus, by the end of the first quarter of 2022, the local regulator was supposed to make changes to the legislation that would make it possible to issue licenses to providers of virtual assets. In some areas, the UAE has already begun issuing such permits.

DAMAC also stressed that Dubai is becoming a crypto hub thanks to government regulations and virtual asset licenses, with leading exchanges such as Bybit, Binance and FTX Europe recently opening their offices there. Kraken also received a license earlier this week.

In February, Ali Hussain Sajwani, COO of DAMAC and head of the company’s digital transformation initiatives, noted that “the company has ambitious plans to launch its own NFT-backed Metaverse platform.”

Damac, founded in 2002, is represented in many countries, including the UK, Qatar, Saudi Arabia and Oman. Last year, the company’s revenue amounted to 3 billion UAE dirhams (816.8 million US dollars).

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Electric Cars

The new Toyota Highlander is presented: the car finally got a turbo engine

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The new Toyota Highlander is presented the car finally got

Toyota introduced the updated Highlander crossover in the North American market, where sales will begin before the end of this year. Prices will be announced later.

The new Toyota Highlander is presented: the car finally got a turbo engine

The main change in the upgraded Toyota Highlander was the emergence of a new four-cylinder turbocharged gasoline engine, which replaced the atmospheric “six”. The old 3.5-liter naturally aspirated V6 engine was replaced by a 2.4-liter turbo four with 269 hp. with 418 Nm of torque. New 30 hp engine less powerful, but at the same time peak thrust increased by 62 Nm. Toyota is talking about the environmental friendliness of the new engine, which emits about 50% fewer harmful particles into the atmosphere compared to the old six-cylinder naturally aspirated engine.

The new Toyota Highlander is presented: the car finally got a turbo engine

The Toyota Highlander will also be available in the US with a hybrid powertrain based on a 2.5-liter naturally aspirated engine, working together with two electric units. In sum, all engines are capable of developing power up to 246 hp.

In the cabin, older versions have a 12.3-inch digital instrument panel, as well as a 7-inch information display. The car received a new multimedia system with a diagonal of 12.3 inches with navigation, voice control and the ability to automatically download updates.

The new Toyota Highlander is presented: the car finally got a turbo engine

The multimedia system supports wireless connection of mobile devices on iOS and Android platforms.

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News

The days of Ethereum mining are numbered. Vitalik Butering told when the network will switch to the Proof-of-Stake algorithm

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The days of Ethereum mining are numbered Vitalik Butering told

The transition of Ethereum to the Proof-of-Stake algorithm, instead of the current Proof-of-Work supported by miners, has been talked about for a long time, but so far this has not happened. However, Proof-of-Stake is on the way. This was stated by Vitalik Buterin himself.

The days of Ethereum mining are numbered.  Vitalik Butering told when the network will switch to the Proof-of-Stake algorithm

During the Shanghai summit, Buterin said that the transition of the Ethereum network to the Proof-of-Stake algorithm will take place in August. Previously, it was planned for the second quarter of this year (and before that it was postponed many times), but now a new date has been announced. In case of unforeseen circumstances, the update will be postponed for a month or two, but it is definitely not in the interests of the network to delay further implementation of Proof-of-Stake.

Thus, there is not much time left for cryptocurrency miners to mine ETH. There is an opinion that after the transition to the Proof-of-Stake algorithm, the cost of Ethereum may fall slightly, but then it will definitely increase. In the meantime, for 1 ETH they give less than $2,000.

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Phones

“I have an Android Galaxy Z Fold3.” Bill Gates reveals which smartphone he currently uses

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I have an Android Galaxy Z Fold3 Bill Gates reveals

The former head of Microsoft does not use the company’s smartphones. Answering a question about his mobile device on the Reddit forum, Bill Gates told what kind of smartphone he uses.

I have an Android Galaxy Z Fold3 Bill Gates reveals

I have an Android Galaxy Z Fold3. I try different ones. With this screen, I can get by with a great laptop and phone and don’t need anything else.

Third-party sources, of course, emphasize that Gates could use the Microsoft Surface Duo 2, but, like the first generation, this device failed in sales and is inferior to Samsung’s foldable flagship on literally all fronts.

As for other smartphones or the laptop he chose, Gates, unfortunately, did not disclose the details.

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