The total crypto market volume over the last 24 hours was to the tune of $56.97 billion, up by 1.19 percent from the previous day, the CoinMarketCap data showed
crypto exchange
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
Bahrain
Crypto exchange giant Binance launches in Bahrain
Binance Bahrain is backed by the state’s Central Bank and the Economic Development Board
crypto business
Charged with ‘epic’ fraud, FTX’s Sam Bankman-Fried released on $250mn bail
Two of his top executives pleaded guilty to various criminal charges related to fraud at FTX and are cooperating with the federal government
binance
Binance withdrawals reach $3.7bn in a week
Binance net outflows hit $1.9bn in just one day say analysts
binance
Dubai’s crypto push in spotlight after $32bn FTX collapse
Dubai has positioned itself as a crypto-hub – what does that mean after the collapse of FTX?
Abu Dhabi Global Market
Binance gets financial services permission from Abu Dhabi Global Market
The Financial Services Regulatory Authority approval enables the blockchain giant to provide custody to professional clients
binance
Binance agrees to buy its troubled rival FTX to avoid major crypto meltdown
The move follows $6 billion in withdrawals by spooked investors over the past 72 hours, triggered by Binance liquidating FTX’s in-house token FTT on Sunday
amana
amana: Transparency at the core of everything they do
With transparency for customers steering the amana business model, Muhammad Rasoul, CEO, amana, explains their goal is to build trust and to ensure their customers are equipped with the knowledge required to make the best-informed decisions
Chainalysis
Why MENA is fastest-growing cryptocurrency market in the world
Cryptocurrency is emerging as a $566bn market in the MENA region and is set to get even bigger
21.co
Swiss crypto unicorn 21.co raises $25 million, gears up for Middle East expansion
The new capital injection will fuel the firm’s expansion plans in key markets, including in the UAE, where it has already hired an executive to head its Middle East operations
crypto assets
Turkish crypto exchange chief to face over 40,000 years in prison
Prosecutors unveiled an indictment which calls to sentence the fugitive after he was arrested in Albania
Albania
Turkish fugitive crypto exchange chief arrested in Albania over fraud
Albanian authorities have detained the 27-year old who allegedly fled Turkey in 2021
Blockchain
Samsung to launch crypto exchange in 2023
Samsung isn’t the only firm aiming to break into this market, multiple others in South Korea have also been reported to venture into crypto exchanges
crypto business
Hong Kong-listed Huobi joins Dubai’s crypto ecosystem after regulator greenlight
The platform plans to expand its workforce in the region over time
crypto business
Singapore’s Fintonia Group gets provisional virtual assets license in Dubai
It comes as the firm aims to tap a huge number of UAE residents who are interested in investing in cryptocurrencies
crypto assets
Crypto trading app OKX secures Dubai licence
The company hopes to participate in the UAE’s growing crypto ecosystem