Bitcoin’s Surge to $80K Driven by Positive Derivatives Market Trends
As 2024 winds down, the financial landscape for Bitcoin looks promising, with potential price escalations to over $80,000, spurred by bullish signals from the derivatives markets. Analysts from the crypto…
Bitcoin Struggles to Break $67K Despite Rising Interest from Retail and Institutional Investors
Bitcoin’s price remains stubbornly below the $67,000 mark despite significant interest from both retail and institutional investors. As of October 23, 2024, Bitcoin is trading at $66,432, reflecting a slight…
UAE Stablecoin Issuer Receives Approval from Central Bank
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, as announced in a recent news release.…
Eswatini Unveils Design for Tokenized Retail Central Bank Digital Currency
The Central Bank of the Kingdom of Eswatini, a landlocked nation with a population of approximately 1.2 million, situated between South Africa and Mozambique, has released a design paper outlining…
Dubai’s Crypto Regulator Takes Action Against Unlicensed Firms
Dubai‘s Virtual Assets Regulatory Authority (VARA) has launched a significant crackdown on unregulated cryptocurrency companies and those violating its marketing regulations. On October 9, VARA announced that it had issued…
Bitcoin Drops to $59K as Altcoins Struggle with Regulatory Hurdles
Bitcoin has fallen below the $60,000 mark for the first time since September 18, leading market participants to speculate about the possibility of further declines. As of October 10, Bitcoin’s…
Crypto Adoption on Track to Hit 8% by 2025
Global cryptocurrency adoption is nearing a significant milestone, with 7.51% of the world’s population currently utilizing digital currencies, according to a recent report by MatrixPort. This trend indicates a shift…
Dubai Airports to Build World’s Largest Solar Rooftop
Dubai is taking a significant step forward in its efforts to implement sustainable energy solutions across its economy, particularly in the aviation sector. Dubai Airports has unveiled a new plan…
Saudi Arabia Eyes Further Investment in Nintendo as Shares Reach $5.8 Billion
Saudi Arabia’s Public Investment Fund (PIF) currently holds a significant stake in Nintendo, owning 8.5% of the company’s shares, valued at $5.8 billion. This follows an initial purchase in 2022,…
UAE Exempts Crypto Transfers, Conversion from Value-Added Tax
Recent amendments to the value-added tax (VAT) regulations in the United Arab Emirates (UAE) will exempt transfers and conversions of digital assets, including cryptocurrencies. This significant change is part of…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…
Ripple Secures In-Principle License Approval from Dubai Financial Services Authority
Ripple, a prominent provider of crypto payments infrastructure, has taken a significant step toward establishing a foothold in the Middle East by receiving in-principle license approval from the Dubai Financial…
Bitcoin Dips While Gold Surges as Israel Promises Retaliation Against Iran
As tensions escalate in the Middle East, commodities such as gold and crude oil have seen a significant uptick, while Bitcoin has moved in the opposite direction. This divergence has…
Middle East Contributes 7.5% to Global Cryptocurrency Transaction Volume
The Middle East and North Africa (MENA) region has emerged as a significant player in the global cryptocurrency landscape, accounting for 7.5% of the world’s cryptocurrency transaction volume from July…
Dubai Intensifies Regulatory Measures for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) is implementing stricter guidelines for the promotion of cryptocurrency investments within the country, marking a significant step towards enhancing investor protection and transparency in…
Bybit Targets Muslim Market with New Shariah-Compliant Crypto Offerings
Bybit, a leading player in the cryptocurrency exchange market, has unveiled new offerings tailored to align with Shariah principles, aiming to cater to the unique needs of Muslim investors. On…
Gold Hits New All-Time High as Bitcoin Rallies to September High Above $64K
The price of gold has reached unprecedented heights following a recent interest rate cut by the United States Federal Reserve, prompting crypto analysts to speculate on when Bitcoin might experience…
Emerging African Economies Poised to Become Leaders in Digital Asset Adoption
Emerging economies across Africa, particularly South Africa, are being recognized for their potential to become central hubs for digital asset operations. According to Ben Caselin, Chief Marketing Officer of VALR,…
Meta’s Appeal Fails in Kenyan Court, Content Moderators Continue Fight
Facebook’s parent company, Meta, has lost a key appeal in Kenya, allowing a lawsuit filed by content moderators to proceed. The Kenyan labor court ruled that Meta could be sued…
UAE Enhances National Crypto Regulation Through Strategic Dubai Partnership
The United Arab Emirates is making significant strides towards a unified regulatory framework for cryptocurrency operations across its territories. This move comes as the Securities And Commodities Authority (SCA), the…