#cryptocurrency

Bitcoin

Bitcoin struggles just above $20,000 fueling concerns

Bitcoin has been sinking along with riskier assets in recent months

Ether

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

investment trends

Eye for detail: What do key investment trends look like?

Speaking to Gulf Business, Rob Ansari, head of investments and retirement – India, Middle East, Turkey and Africa at Mercer, shares insights on evolving market trends and the way forward

coinbase

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 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

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

UAE Bank

Nearly 90% UAE banking customers find account opening too complicated

Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications

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

Bitcoin may still be primed for a further drop from range

Bitcoin is holding up relatively well compared with some of its peers

#DubaiDestinations

Crypto Oasis identifies over 1,000 blockchain organisations in the UAE

The updated target is to have over 1,500 organisations identified in the ecosystem by end of the year

e& NFT

UAE’s e& launches region’s first telco NFT collection

The telecom company aims to strengthen blockchain legacy in the Middle East by unlocking maximum metaverse potential

DeFi cryptocurrency

Cybercriminals now target DeFi protocols for stealing cryptocurrency

New Chainaysis report also found that the illicit share of all cryptocurrency transaction volume at an all-time low, indicating positive progress as non-traditional finance technologies mature

Bitcoin

Bitcoin recovers to $30,000 area after shedding weekend weakness

Bitcoin has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high

Binance regulatory

Crypto exchange Binance gets French regulatory nod in European push

The regulatory nod will help boost the company’s ambitions in Europe and marks the exchange’s first major approval from a G-7 member nation

Gucci

Gucci to start accepting crypto payments in select US stores

Gucci, owned by Kering SA, will initially accept 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu

Crypto

Crypto giveaways return with many of same old risks

Large investors and creators of the project have been the big winners of the ApeCoin distribution

EX Sports Binance NFT

EX Sports, Binance NFT to launch unique Urbanball NFT collection

The ‘Mystery Box Collection’ is scheduled to go live at 3pm on May 3, 2022

Binance

IN4X Global introduces cryptocurrency payment solution in the Middle East

IN4X’s platform, a quick, secure and easy-to-use payment processor and crypto payment gateway, will enable businesses to accept cryptocurrencies as payment

Bahrain-based cryptocurrency platform Rain announces 0% trading fees

The simplified fee structure aims to help customers feel more comfortable and confident placing their first trade in the crypto world

Getty Images

Here’s how Metaverse can contribute to the economy

UAE can secure its position as a global and regional hub with Metaverse opportunities, says Juwan Lee, founder and chairman at NexChange Group

How DIFX is bridging the gap between traditional and digital assets

With a growing startup ecosystem and tech-driven individuals, the Middle East region is on the verge of becoming a global fintech leader, says Jeetu Kataria, co-founder and CEO at DIFX

Getty Images

Crypto.com, Bybit announce plans to set up operations in Dubai

Bybit will move its global headquarters to the emirate, with operations starting as early as next month

Bitcoin’s stealth rally has bulls eyeing $51,000 once again

The coin has added 15 per cent over the past week

Bitcoin is struggling below $45,000 but there are signs it could break out

Bitcoin is well above its 50-day moving average, which currently sits around $41,085

Dubai: Pupil sells first-ever verified NFTs of digitised real-world properties

The first sale globally was to a senior banking executive in Dubai

Emirates Draw

UAE-based Dhs100m Emirates Draw to allow entries to be purchased using crypto

Emirates Draw has signed a partnership with YottaChain International Holding to allow the use of Tether to purchase entries