PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation

PwC publishes UAE cryptocurrency report, identifies three-stage model for regulation

The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bn

Crypto

Crypto Bridge Nomad drained of nearly $200m in security exploit

The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows

Bitcoin market

Bitcoin sinks to one-week low amid bout of global market nerves

The largest token dropped as much as 5.4 per cent on Tuesday in Asia and was trading at $21,073

Dubai Police - traffic fine

Dubai Police to release second NFT collection during Gitex 2022

The collection features 150 free digital assets that symbolise the force’s innovation, security and communication values

Dubai Racing Club to launch a one-of-a-kind NFT artwork collection

Dubai Racing Club to launch NFT artwork collection

The NFT digital artwork collection has three categories – Dubai Sprinters, Hall of Fame and DWC Runners

Crypto Myths

Insights: It’s time to dispel these crypto myths and misconceptions

As with any new technology, some misconceptions remain over cryptocurrencies. Here are the three most common ones

altcoins

Crypto altcoins lead push higher as Bitcoin jumps above $22,000

Ether jumped as much as 10.7 per cent on Tuesday in Asia, while Solana added 13 per cent and Polkadot about 7 per cent

Crypto trading

Crypto trading volume tumbled in June to the lowest since 2020

The drop-off in trading volume has taken place across many platforms, including Binance, OKX and FTX

Bitcoin

JPMorgan says Bitcoin cost of production may be down to $13,000

Bitcoin has struggled since hitting a high near $69,000 in November

OKX

Crypto exchange OKX gets Dubai licence, set to open hub in city

OKX has been granted a provisional virtual assets licence to provide services to qualified investors in the UAE

Gamestop NFT

American video game retailer Gamestop launches NFT marketplace

The marketplace is part of a push by Gamestop chairman Ryan Cohen to expand its array of digital services and online products

Metaverse NFT

Insights: The metaverse and NFT relationship

Large amount of money is streaming into the metaverse and many enthusiasts and domain experts anticipate this trend will continue to increase

Bitcoin

Bitcoin falls a fourth day to about $20,000 amid dollar strength

Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000

Dani Alves NFT

Brazilian footballer Dani Alves unveils NFT project at MetaTerrace, Dubai

Alves launched the NFT drop of his trophy collection, in conjunction with Dubai-based ColossalBit and British luxury watchmaker Backes & Strauss

Bitcoin

Bitcoin hints at a bottom, but it may be different this time

Assets under management for crypto investment products in June reached a record low

Decentralised Investment Group (DIG) has partnered with BRON Studios to create a Hollywood NFT Collection

An investment firm in Dubai is using NFTs to revolutionise Hollywood

The Decentralised Investment Group (DIG) has partnered with Bron Studios to create a Hollywood NFT Collection linked to a much-anticipated movie series

Bitcoin

Bitcoin struggles just above $20,000 fueling concerns

Bitcoin has been sinking along with riskier assets in recent months

Ether leads crypto market surge after CPI report release

Ether recovery helps crypto revisit $1tn market cap level

It appears to have found support around its 200-week moving average, which currently sits near $1,200

Bitcoin

Bitcoin hovers around the $20,000 level after a volatile weekend

Bitcoin is down about 57 per cent since the start of the year

Coinmena

Digital asset exchange Coinmena receives provisional licence from Dubai’s VARA

This will allow it to continue operating in Dubai while it completes the in-depth process of applying for a licence, as required by VARA

PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation

Coinbase to lay off 18% of workers as crypto market worsens

The company plans to lay off roughly 1200 employees, ending the current quarter with about 5,000 employees

Binance

Binance resumes Bitcoin withdrawals after temporary halt

The transactions were stuck because they were submitted to the exchange with low transaction fees

Bitcoin

Bitcoin drops to one-month low as US CPI report hurts sentiment

The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12

Bitcoin

Bitcoin tumbles as much as 7.1% to drop back below $30,000

Bitcoin has been strongly correlated with risk assets for much of the past couple years

Crypto Oasis and Roland Berger partner

Crypto Oasis, Roland Berger partner to boost region’s crypto economy

Roland Berger and Crypto Oasis will explore opportunities in the fields of blockchain and decentralised technologies in the region

Bitcoin

Bitcoin heads higher in attempt to escape $30,000 level

Bitcoin and the rest of the cryptocurrency complex has struggled in recent months as the Federal Reserve hikes interest rates

Bitcoin retreats to consolidate below $30,000

Cryptocurrencies have struggled as the Federal Reserve and other central banks hike rates

Bitcoin

Bitcoin seen at risk of resuming slide if $29,000 support fails

Bitcoin is trading above $30,000 on Tuesday as it recovers from a sharp decline in the past three weeks

Binance Web3

UAE’s Majid Al Futtaim and Binance partner to unlock Web3 capabilities

Agreement will see Majid Al Futtaim and Binance work jointly on non-fungible tokens and crypto payments with Binance Pay

FTFT Capital

Blockchain investment firm FTFT Capital inks strategic metaverse partnerships

The collaborations will help the company’s affiliate FTFTX expand its metaverse capabilities by establishing a new platform for aggregating trading information