Bitcoin prices shot up in early trading hours on Monday, April 28, to cross the $94,000 mark, touching $94,083 briefly, gaining close to 8% in 7 days
decentralised finance
Latest in decentralised finance
Artificial intelligence
Metaverse, AI, VR: Did overhype kill Web3?
The future of Web3 lies not in replacing existing systems but in complementing them
Cryptocurrency
Revealed: UAE emerging as hotbed for global hedge funds as funds embrace digital assets in a big way
Most hedge funds are also participating in funding rounds involving promising firms coming up in the sector in the UAE and the region
Blockchain
Digital asset provider Hex Trust partners with Clearpool to launch real world asset yielding Ozean
Hex Trust, with a presence in Dubai, Singapore, Hong Kong, France, and Italy, has built a reputation for adhering to the highest regulatory standards and providing secure digital asset solutions on a regulated infrastructure
Blockchain
UAE’s Firoza Finance announces launch of $2mn pilot programme for world’s first real-world Mudarabah smart contract
The collaboration marks a significant milestone in Islamic finance and decentralised finance
cross-border payments
Revealed: Stablecoin market capitalisation hits a massive $172bn globally; fast emerging as alternative to dollar savings
They also offer new possibilities for cross-border payments and asset management, improving efficiency and reducing costs, disrupting the business models of traditional banks and financial institutions
Cryptocurrency
UAE, Saudi Arabia sees high interest in DeFi, crypto activity driven by youth
Saudi Arabia and the UAE are emerging as hotspots for DeFi activity within MENA, showing higher engagement with decentralised platforms compared to the global average
Cryptocurrency
Crypto after FTX: Rebuilding a broken industry
The crypto industry could thrive again if firms embrace compliance and transparency in the post-FTX era, experts say
decentralised finance
UAE-based digital asset management platform Akkrue Capital announced closing first funding round
The fresh capital will be used for advancing the company’s innovative financial products and services
Blockchain
Cryptocurrency: Can it become a primary payment method? Experts weigh in
The possibility of governments embracing cryptocurrency is intriguing, albeit riddled with complexities
Blockchain
Crypto and Shariah compliance: Experts weigh in
Once seen as contradictory to Islamic beliefs, crypto is now being structured in forms that adhere to religious guidelines
Blockchain
The Middle East is critical to the future of crypto
While 2022 was challenging, 2023 is an opportunity for the crypto industry to come of age
Central Bank Digital Currency
FTX downfall: DeFi is a broken system and is the antithesis of decentralisation
The collapse of FTX illustrates how the DeFi system is fundamentally broken
Blockchain
US firm Chainalysis to discuss blockchain risks, opportunities and compliance at GITEX 2022
Visitors at the Chainalysis stand will get the opportunity to experience live demos of the “Chainalysis Storyline”
Blockchain
Here’s why you should still believe in cryptocurrency
Despite recent setbacks the transformative technology of cryptocurrency is still revolutionising finance
Bitcoin
‘Crypto winter’ woes reach scorching Gulf shores amid rising credibility concerns
Investors in the Middle East tend to be more sensitive to volatility and risky assets, an expert said
Blockchain
Nearly $1.68bn worth of crypto stolen in first four months of 2022 as hackers set sights on DeFi and NFTs
The volume of illicit cryptocurrency transactions as a share of the overall market is at an all-time low, experts said