#cryptocurrency
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
Bitcoin has been strongly correlated with risk assets for much of the past couple years
Bitcoin and the rest of the cryptocurrency complex has struggled in recent months as the Federal Reserve hikes interest rates
Cryptocurrencies have struggled as the Federal Reserve and other central banks hike rates
Bitcoin is trading above $30,000 on Tuesday as it recovers from a sharp decline in the past three weeks
Agreement will see Majid Al Futtaim and Binance work jointly on non-fungible tokens and crypto payments with Binance Pay
Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications
The collaborations will help the company’s affiliate FTFTX expand its metaverse capabilities by establishing a new platform for aggregating trading information
Bitcoin is holding up relatively well compared with some of its peers
The updated target is to have over 1,500 organisations identified in the ecosystem by end of the year
The telecom company aims to strengthen blockchain legacy in the Middle East by unlocking maximum metaverse potential
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 has struggled in recent weeks as the Federal Reserve hikes interest rates and inflation remains high
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, owned by Kering SA, will initially accept 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu
Large investors and creators of the project have been the big winners of the ApeCoin distribution