#crypto

How MENA is proving itself as a force in the global crypto future

How MENA is proving itself as a force in the global crypto future

Crypto’s roots are in the West, but the Gulf is now leading innovation with regulation and global collaboration

Not just for traders: How Ultima Chain is bringing blockchain to the people

Not just for traders: How Ultima Chain is bringing blockchain to the people

Where many blockchains prioritise complexity and speculation, Ultima Chain focuses on real-world utility, simplicity, and inclusiveness

RAK Properties partners with HubPay: You can now buy property with crypto

RAK Properties enables crypto payments: Partners with Hubpay to attract investors

Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly into RAK Properties’ account

Bitcoin hits fresh record as Fed easing bets add to tailwinds

Bitcoin hits fresh record as Fed easing bets add to tailwinds

Bitcoin’s rally is being powered by growing certainty of Fed rate cuts, sustained institutional buying, and moves by the Trump administration to ease investment in crypto assets

AI

Kaspersky warns of rising Efimer trojan attacks on crypto users

Kaspersky recommends implementing strong security measures to prevent unauthorised access

Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans

Binance launches Sharia-compliant crypto staking product, eyes Middle East growth

It represents Binance’s first step into the world of Islamic finance

Dubai Duty Free explores crypto payments through MoU with Crypto.com

Dubai Duty Free explores crypto payments through MoU with Crypto.com

The MoU outlines a framework for introducing cryptocurrency as a payment option across Dubai Duty Free’s in-store and online platforms

Trump reports more than $600m in income from crypto, golf, licensing fees

Trump reports over $600m in income from crypto, golf, licensing fees

According to reports, a meme coin released earlier this year by the president — $TRUMP — alone has earned an estimated $320m in fees

Binance withdraws Abu Dhabi licence application

Binance launches in Syria: What users need to know

Binance, which holds 21 regulatory licenses worldwide, will enable Syrian users to access a full suite of crypto services

From Dirhams to digital: Dubai lets you pay government fees in crypto

The Dubai Cashless Strategy is expected to contribute at least Dh8bn annually to the local economy

crypto

Crypto industry descends on Dubai as Trump euphoria recedes

Cryptocurrency prices surged to a record high after his election win, but have fallen this year

Abu Dhabi's IHC, ADQ, FAB launch stablecoin image Getty Images For illustrative purposes

Abu Dhabi: IHC, ADQ, FAB launch dirham-backed stablecoin

The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions

Trump signs order to establish strategic bitcoin reserve

The reserve will be capitalised with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, said the new White House crypto czar

‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist

An attacker allegedely gained control of an ether cold wallet and transferred around $1.5bn worth of holdings to an unidentified address

‘Make Bitcoin Great Again’: Eric Trump attends Abu Dhabi crypto gathering

Speakers at the two-day Abu Dhabi event include Trump’s son Eric as well as billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World Liberty Financial

OKX shakes up Dubai’s crypto scene with new exchange

The launch was announced at a gala event at the Museum of the Future, Dubai, on October 10, 2024.

TAX

The newest VAT exemptions for UAE crypto, investment firms

The UAE’s new VAT updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions

Not just for traders: How Ultima Chain is bringing blockchain to the people

Crypto crime falls by 20%: Here’s what that means

Legitimate activity is growing more quickly than illicit activity, but stolen funds and ransomware activity continued to rise in 2024

Cryptocurrency Dubai DMCC

UPDATED: Dubai court ruling on cryptocurrency wages sparks debate

The decision reinforces the importance of clear contractual terms, ensuring that both traditional and cryptocurrency forms of payment are adequately addressed

Fastex

Fastex announces opening of its new office at Dubai World Trade Center’s One Central

The expansion and the location demonstrate Fastex’s dedication to growth and integration within the Dubai business landscape

Power Letters 2024: Caroline Malcolm, VP of Global Public Policy, Chainalysis

Power Letters 2024: Caroline Malcolm, VP of Global Public Policy, Chainalysis

Forward-focused regulation has earned the UAE a coveted position in the global crypto community, making the year ahead a promising one for digital assets

Daily Insider: Hard times for crypto as Zhao drama bites

The exit of CZ from Binance and his subsequent legal troubles in the US is just another unsurprising drama enveloping the controversial world of cryptocurrencies.

Binance’s $956m exodus: CZ exit sparks outflows

Crypto currency exchange Binance has seen almost $1bn in outflows after Changpeng Zhao stepped down to settle a US probe.

Phoenix Group gears up for Abu Dhabi IPO

UAE’s Phoenix Group gears up for IPO in Abu Dhabi

Founded in 2017, the company is set to be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market

crypto currency

Cryptoverse: ‘It’s a knife fight’ as traders get tokenised

As crypto prices see-saw ahead of their next swerve, the market for “tokenisation” may finally be reaching a critical mass

AUS Bybit establish scholarship fund Image WAM

American University of Sharjah, Bybit establish new scholarship fund

The fund will support 20 students to drive their academic and research efforts towards fintech and blockchain at American University of Sharjah

Bitcoin miners

Largest Bitcoin miners lost over $1bn during crypto crash

Core Scientific, Marathon Digital Holdings and Riot Blockchain posted net losses of $862m, $192m and $366m, respectively