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2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week
10.5.2021
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it's even listed on major exchanges
Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020
12.3.2021
One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC). Altshuler Shaham is now gaining exposure to bitcoin by investing $100 million in shares, according to a local media outlet. Altshuler Shaham Currently Holds $150M...
Analyzing and Redefining Financial Tech in the Middle East at MarketsandMarkets Fintech and Blockchain UAE Virtual Summit
1.2.2021
January 23.01.2021 –The ‘MarketsandMarkets Fintech and Blockchain UAE Virtual Summit’ is scheduled to take place on March 22–23, 2021. The virtual summit features two days of insights into the Financial Technology and Blockchain scenario in the Middle East, the newest tools and technologies...
Shariah-Compliant Crypto Exchange Wins License From Bahrain Central Bank
25.1.2021
Launching soon, CoinMENA said it will offer spot trading in five major cryptocurrencies
Bahrain central bank licenses Sharia-compliant crypto exchange
25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia
Dubai Financial Watchdog to Release Consultation Papers for a Crypto Regulatory Framework
21.1.2021
The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this week. The Papers Will Be Released in the First Half of 2021 According to the watchdog, which regulates...
Why Pakistan and the Middle East can bet on crypto mining
19.1.2021
By embracing crypto mining activities in the region, Pakistan and Iran may give other nations in the Middle East an example to follow
Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial
18.1.2021
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital
Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US
8.11.2020
The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub
Crypto P2P adoption in Middle East stymied by politics and tech
23.10.2020
Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
22.9.2020
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that...
Global Digital Industry Group Launches Mining Business Bitworld
17.9.2020
The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed...
Reshaping the Financial Sector of the Middle East With Finnovex Middle East 2020
15.9.2020
09/08/2020, Dubai: Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service, and business operations has been the center of the continuous cycle of adopting and adapting to the latest...
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
14.8.2020
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate...
Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War
27.7.2020
Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year....
What It’s Really Like to Live on Bitcoin in the Middle East
14.7.2020
The story of a Syrian migrant in Iraq shows how bitcoin can work as intended – as a global currency that transcends borders
Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency
19.6.2020
Bitcoin.com Exchange is thrilled to announce the upcoming listing of a new digital asset on the 20th of August 2020 at 10:00 UTC. BUY by Burency is a new cryptocurrency that aims to increase cryptocurrency and blockchain adoption in the Middle East. BUY will be listed with BTC and BCH trading...
The Truth About Bitcoin and Hezbollah in Lebanon
17.6.2020
Will Hezbollah in Lebanon use bitcoin? The data suggests terror activity is uncommon despite surging crypto popularity across the Middle East
Leading Middle East Telecoms Firm Zain Joins Hedera Governing Council
15.6.2020
Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph
How Bitcoin Fits Into Lebanon’s Banking Crisis
5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent