Crypto Oasis identified over 1,450 established organisations across the UAE with more than 7,000 people working in it
Top-down macroeconomic and bottom-up crypto-specific headwinds have been blowing strongly for digital assets resulting in the biggest ever drawdown
Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment
The inaugural edition of the Crypto Oasis Ecosystem Report 2022 highlights the confluence of blockchain activities in the UAE and the progress of its key players
Evai’s founder and CEO, Matt Dixon examines the unprecedented market conditions and lifts the lid on the predictive technology that is powering and protecting profits
Gulf Business has partnered with Virtua for this initiative
Settlements will be facilitated by Binance, and the crypto-to-crypto gateway will support various crypto assets such as BNB, Bitcoin and Ethereum
The ceremony was held on September 23, 2022 at Social Distrikt, The Pointe – The Palm Jumeirah and a total of 15 winners were recognised for their achievements
Digital assets can unlock opportunities with immense potential for the financial services industry, allowing fintechs to offer their clients a host of benefits
The alliance with Crypto Oasis will help build bridges, share knowledge and enable an exchange between crypto-passionates in Switzerland and Middle East
Nigeria is targetting digital technology as a means to help diversify the economy away from crude oil
Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York
The staff cuts were made to reflect the operational needs and market conditions
Numerous strategists have flagged $20,000 as a key point for Bitcoin
The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April
Cryptocurrencies have been battered this year as the Fed hiked rates amid elevated inflation readings
The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bn
The largest token dropped as much as 5.4 per cent on Tuesday in Asia and was trading at $21,073
As with any new technology, some misconceptions remain over cryptocurrencies. Here are the three most common ones
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
The drop-off in trading volume has taken place across many platforms, including Binance, OKX and FTX
Bitcoin has struggled since hitting a high near $69,000 in November
OKX has been granted a provisional virtual assets licence to provide services to qualified investors in the UAE
Bitcoin is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000
Assets under management for crypto investment products in June reached a record low
Bitcoin has been sinking along with riskier assets in recent months
It appears to have found support around its 200-week moving average, which currently sits near $1,200
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
The company plans to lay off roughly 1200 employees, ending the current quarter with about 5,000 employees
The transactions were stuck because they were submitted to the exchange with low transaction fees