#cryptocurrency

Kraken

Crypto exchange Kraken shuts Abu Dhabi office, lays off 8 employees

The exchange has suspended support for transactions in the UAE’s currency, but clients in the region will still be able to use other products and services

Chainalysis

GIC-backed Chainalysis cuts jobs in latest crypto layoffs

The spokesperson said the cuts are part of a wider reorganisation

Bitcoin

Bitcoin jumps to highest since August in post-Fed crypto rally

The largest token rose as much as 2.4 per cent and was trading at $24,020 in Singapore

Binance

Binance CEO says customer funds fully backed on crypto exchange

Digital asset platforms are facing a crisis in investor confidence following the collapse of FTX exchange

crypto

Where is crypto headed in the next 5 years?

Crypto is an essential long-term investment and is the building block towards a cashless society

Developer

UAE developer to facilitate property purchases using cryptocurrencies

The developer aims to create new avenues for investors to diversify their investment portfolio via digital assets

tech

Can Dubai’s growing tech affinity propel its real estate sector?

Dubai’s real estate sector has taken massive strides in terms of sales and investment

FTX founder Sam Bankman-Fried

Ex-FTX CEO Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on November 11

SwissBorg

Europe’s cryptocurrency investment app SwissBorg enters the UAE

The application is said to provide a welcoming environment for first-time crypto investors, offering a wide range of services for novice to advanced users

Changpeng Zhao, founder and CEO of Binance,

Binance CEO Zhao seeks Middle East cash for crypto recovery fund

Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off

Komainu

Komainu secures MVP licence from Dubai’s Virtual Assets Regulatory Authority

The company can now offer an approved range of virtual asset related services to institutional investors in Dubai

Crypto

ADGM launches Crypto Hub at Abu Dhabi Finance Week 2022

Holding its third day of sessions, the event under the theme of “Crypto Abu Dhabi”, facilitated the assembly of the global crypto, blockchain and decentralised finance entities

Binance

Binance receives licence from Abu Dhabi regulator

The permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by FSRA

Binance

How Binance and FTX sent shockwaves through the crypto world

Binance Holdings is now set to acquire FTX.com in what would be a radical consolidation of power in the crypto world

Crypto

Top 5 gadgets crypto aficionados must own

Check out the roundup of crypto gadgets and accessories you should buy

Ralf Glabischnig Crypto Oasis

Crypto Oasis to boost blockchain development in the region

Crypto Oasis identified over 1,450 established organisations across the UAE with more than 7,000 people working in it

Crypto

Is the crypto crisis good for the system?

Top-down macroeconomic and bottom-up crypto-specific headwinds have been blowing strongly for digital assets resulting in the biggest ever drawdown

Crypto

Bitcoin breakout stalls with daily trading volume also tumbling

Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment

Crypto

Blockchain to disrupt business models, transform the future – report

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

Insights: AI crypto ratings vs The bear market

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

Gulf Business enters non-fungible token space, launches GB Crypto NFT

Gulf Business has partnered with Virtua for this initiative

Bikeera

Bikeera teams up with Binance Pay to accept virtual payments in the UAE

Settlements will be facilitated by Binance, and the crypto-to-crypto gateway will support various crypto assets such as BNB, Bitcoin and Ethereum

Winners of the first edition of GB Tech Web3 Awards

Revealed: Winners of the first edition of GB Tech Web3 Awards

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

Cover Story: Why digital assets are key for the financial sector

Digital assets can unlock opportunities with immense potential for the financial services industry, allowing fintechs to offer their clients a host of benefits

Crypto Oasis

Crypto Valley Association, Crypto Oasis team up to boost blockchain development in the Middle East

The alliance with Crypto Oasis will help build bridges, share knowledge and enable an exchange between crypto-passionates in Switzerland and Middle East

Nigeria

Nigeria, Binance in talks for digital city to develop blockchain

Nigeria is targetting digital technology as a means to help diversify the economy away from crude oil

Bitcoin

Bitcoin loses momentum on weekend with support around 2017 high

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

Rain Financial

Coinbase-backed crypto firm Rain Financial cuts jobs

The staff cuts were made to reflect the operational needs and market conditions

Bitcoin back down to around $20,000 after Jackson Hole caution

Numerous strategists have flagged $20,000 as a key point for Bitcoin

DBS Exchange

DBS Exchange says Bitcoin trading surged amid global selloff

The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April