Search
Peter Schiff Anticipates No Further Interest Rate Hikes Amid Middle East War — Warns ‘Crisis Is Assured’
12.10.2023
Economist Peter Schiff compared the attack on Israel to 9/11, calling it “the beginning of a bad situation.” He highlighted several factors that will weaken the U.S. economy, which he described as “already structurally weak.” The economist stressed: “The U.S. can’t even...
Israel-Hamas Conflict Shakes Global Markets: Emerging Stocks and Crypto Slide, Oil and Metals Surge
9.10.2023
Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals....
Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil
9.10.2023
Crypto traders suffered over $100 million of losses in liquidations on Monday, Coinglass data shows, as the digital asset market rout intensified
Bitcoin, Ethereum Technical Analysis: ETH, BTC Edge Lower as Mideast Tensions Rattle Markets
9.10.2023
Ethereum plunged below the $1,600 level to start the week, as global markets reacted to the escalating tensions in the Middle East. Crude oil prices rallied from a six-week low, climbing by over 4% overnight. Bitcoin gave up recent gains, as traders fled to more traditional safe-haven assets....
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Hashgraph Association in Blockchain Adoption Drive Partnership With Tunisia-Based Dar Blockchain
30.9.2023
The Hashgraph Association and Dar Blockchain recently said they will be working “to nurture projects, facilitate growth, and profoundly shape the Middle East and North Africa (MENA) technology landscape.” The two entities said they hope to achieve the set objectives via meetups...
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
26.9.2023
After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well
Binance pledges $3 million in BNB to Morocco earthquake victims
12.9.2023
Binance said it will issue a series of airdrops worth up to $100 in BNB to users verified to be located in the highly impacted Marrakech region of Morocco
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
8.9.2023
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3
US regulators deny blocking AI chip exports to Middle East
1.9.2023
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent as to whether the requirements were only imposed on specific countries
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's Going On?
24.8.2023
The largest crypto exchange by trading volume, Binance, is apparently closing its Binance Card – cryptocurrency debit card services – in Latin America and the Middle East, effective from Aug. 25....
Read More: Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's...
Binance to Withdraw Debit Card in Latin America, Middle East
24.8.2023
The cryptocurrency exchange said the card service will terminate Sept. 21
Binance to halt crypto debit card in Latin America and the Middle East
24.8.2023
Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the mentioned region
Oman launches $370-million crypto mining center: Report
22.8.2023
The mining facility comes as part of a plan to accelerate the digitalization of Oman’s economy, mainly dependent on oil export
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services
16.8.2023
M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets
Finnovex Middle East 2023: Pioneering Fintech Event!
8.8.2023
The GCC (Gulf Cooperation Council) countries are setting the stage for a forward-looking digitization strategy, propelling the banking sector into a new era of innovation and growth. Against the backdrop of this transformative landscape, the 20th Global Edition Finnovex Middle East summit emerges...
Oman financial regulator seeks feedback on proposed virtual asset framework
4.8.2023
Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned
Nomura’s crypto arm Laser Digital bags Dubai VARA license
1.8.2023
Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
26.7.2023
In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a...