Is it time to buy or sell? Will crypto giants such as Bitcoin and Ethereum climb back to historic highs in the future or is this the end of an era? Here’s what industry experts have to say
crypto exchange
blockchain technology
Is there light at the end of the crypto tunnel? Early musings after the market meltdown
The cryptocurrency pool will consolidate, with many digital coins disappearing, an expert told Arabian Business
Bitcoin
Hop on the crypto wagon, or risk being left behind
There are now many big players who accept Bitcoin, proving to those naysayers that there is indeed a strong future in embracing cryptocurrencies as legitimate methods of payment
Bahrain
Bahrain’s Rain launches advanced crypto trading service for ‘savvy’ investors
The leading platform wants to attract active and advanced crypto traders in the region
crypto assets
Fines, jail terms revealed for people dealing in unlicensed crypto payments or virtual currencies
People will be subject to imprisonment and a fine of up to AED 500,000, or one of the two, if they deal in virtual currencies that are not officially recognised in the UAE
Bitcoin
Job cuts and hiring freezes follow crypto crash as Coinbase, Bahrain’s Rain ‘make tough decisions’
Bahrain’s Rain has laid off dozens of employees; Winklevoss-brothers owned Gemini Trust has slashed 10 percent of its staff; and Coinbase has stopped hiring for the ‘foreseeable future’
BitOasis
UAE-based crypto exchange BitOasis launches instant bank deposits
Users will now be able to instantly deposit dirhams from their bank account to their BitOasis account
Bahrain
Binance receives approval to offer more crypto services in Bahrain
Binance has eyed Bahrain and the United Arab Emirates as crypto hubs, given their existing regulatory frameworks, sandboxes, and desire to host pioneering financial services
Blockchain
Crypto Oasis achieves milestone of 1,000 blockchain companies ahead of end-2022 forecast
The revised expectation for the number of blockchain organisations in the UAE ecosystem by the end of 2022 is now raised to 1,500
crypto assets
Using crypto to pay for rent and buy UAE property is the biggest opportunity since Palm Jumeirah: expert
The benefits of crypto payments include no cheques, no loans, no fees, no taxes, lower cost, and you can afford a better house for your family, the CEO of Hayvn said
crypto assets
Video: Five things to check while choosing a crypto exchange platform
Eric Anziani, the chief operating officer at Crypto.com, hints at a couple of key facets to keep an eye out on while choosing a crypto exchange platform during a special Arabian Business – Spencer Lodge Podcast series
crypto assets
Crypto and NFTs are changing the way money is moved across the globe, says the COO of Crypto.com
Eric Anziani, the chief operating officer at Cyrpto.com talks about regulation, NFTs, and Web 3.0, highlighting Dubai’s role in leading the regional digital boom, on the Arabian Business-Spencer Lodge Podcast
crypto assets
Crypto startup plans Sharia-compliant use of digital assets for expansion into the Islamic world
Fasset has been working with prolific Islamic finance jurists and thought-leaders to educate the masses on how Muslims can interact with crypto in a Sharia-compliant manner, the co-founder and CEO said after closing a $22mn Series A funding
crypto assets
PODCAST: After tying up with F1, the FIFA World Cup and UFC, why Crypto.com is now betting on Dubai’s crypto ambitions
He’s the chief operating officer of Crypto.com – the world’s fastest-growing cryptocurrency app – Eric Anziani and he joins the latest episode of the Spencer Lodge Podcast in partnership with Arabian Business
crypto assets
The psychology of cryptocurrency
Research into psychology shows that crypto trading may be appealing to people who enjoy gambling and may attract a similar demographic group or people with similar personality or temperaments
AB Money
More than 77% Saudi residents aware of crypto; only 18% trade in them
Despite the small number of active crypto investors in the kingdom, the future of the digital asset looks promising as more than a third (34%) of surveyed respondents who are aware about cryptocurrencies said they intend to invest in them
CoinMENA
Bahrain crypto exchange CoinMENA secures new European licence
CoinMENA has been the fastest growing cryptocurrency exchange in the MENA region, expanding 140% month over month