#Cryptocurrencies

crypto currency

UAE’s newest stablecoin gets nod from Central Bank

Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE

Bitcoin tops $100,000 as bets on Trump fuel crypto euphoria

Bitcoin tops $100,000 as bets on Trump fuel crypto euphoria

The rally has minted millionaires, a new asset class and popularised the concept of decentralised finance

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

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

BitOasis expands in Bahrain after Dubai authorities lift suspension

The Bahrain arm of BitOasis will house a small team as it works to launch a new platform in Bahrain during the second half of 2024

Bitcoin tops $72,000 as demand frenzy intensifies

Bitcoin hits record above $72,000 as demand frenzy intensifies

The world’s most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds

US SEC gives bitcoin ETFs the green light

US SEC approves bitcoin ETFs in watershed for crypto market

The regulator approved 11 applications, including from BlackRock, despite warnings from some officials and investor advocates that the products carried risks

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.

Crypto

Crypto prices sink amid further FTX woes after surging on US CPI

Bitcoin dropped as much as 5.5 per cent to as low as $16,837

Crypto

Bitcoin, Ether extend crypto selloff as big Fed rate hike looms

An Ether jump since mid-June that was spurred by hype around an upgrade of the Ethereum blockchain is rapidly unwinding

Ether leads crypto market surge after CPI report release

Ether leads crypto market surge after CPI report release

Ether’s native token, the second-largest cryptocurrency by market capitalisation, rose around 8 per cent to trade at $1,828 as of 10:17am in New York

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

Al Jalila Foundation accepting cryptocurrency

Al Jalila Foundation to accept cryptocurrency donations

Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good

The way forward for cryptocurrencies

The UAE has been one of the most welcoming regions to establish cryptocurrency trading agencies and other cryptocurrency verticals

How much crypto should be in your investment portfolio?

Investors may have more visibility around cryptocurrencies in the years ahead, notes Bloomberg Opinion columnist Nir Kaissar

Why the CEO of CoinMENA thinks cryptocurrencies are the future of finance

Looking to invest in crypto assets? Talal Tabbaa advises starting small, paying attention to trends and adopting a long-term outlook

Bitcoin’s recovery rally stalls as traders turn focus to $45,000

Analysts have noted that cryptocurrencies have lately been moving in tandem with other riskier assets

Bitcoin plunges over 20% in another sign of global market nerves

The swings in cryptocurrencies come amid a volatile period for financial markets

Qatar’s wealth fund says crypto needs to mature after wild ride

Bitcoin has lost more than 50 per cent from its mid-April high of almost $65,000

Wealth management 2.0: How has the regional landscape evolved

Wealth management has gone through layers of disruption to morph into its current advisory form