Bahrain Financial News

18.05 / 08:41

UPS Provident Digital Cooper CEO Align Whampoa Grup to set up crypto-focussed digital bank in Bahrain

Shawn Chan, CEO of Whampoa Group, comments: "We were impressed by Bahrain’s solid reputation in the financial services sector, transparent regulatory framework, and ongoing pledge to collaborate and innovate. We are committed to providing innovative digital financial solutions in line with global best practices and are confident that our digital bank will set a new benchmark for the industry.Bahrain was among the first Gulf Cooperation Council (GCC) countries to issue crypto-asset licenses.Khalid Humaidan, chief executive of the Bahrain Economic Development Board, says: "The establishment of these types of institutions are vital to further strengthening the existing digital assets industry.

11.05 / 14:45

Twitter CEO Coindesk BitMEX Terra Luna Luna Su Zhu of Three Arrows Capital Gets Restraining Order Against Billionaire Arthur Hayes Amid Dispute

A Singapore court has granted the restraining order request by Three Arrows Capital (3AC) co-founder Su Zhu against BitMEX co-founder Arthur Hayes.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

19.02 / 22:47

UPS BTC Binance Digital RIG Bitcoin Time Bitcoin Price Prediction as BTC Blasts Up 15% in 7 Days – Time to Buy?

With Bitcoin surging 15% in just seven days, many investors are wondering if it's the right time to buy. In this article, we'll discuss the current state of the Bitcoin market and examine some Bitcoin price predictions for the future.

11.02 / 01:01

Adoption JPMorgan sees advantages in deposit tokens over stablecoins for commercial bank blockchains

JPMorgan Chase and consultants Oliver Wyman took a look at blockchain technology in commercial banking in a report released Feb. 9. Stablecoins and central bank digital currencies (CBDCs) have dominated in the sphere so far, but the authors point out the advantages offered by deposit coins in terms of stability and reliability.

17.01 / 23:45

Ethereum Binance Platform Bitcoin Bitcoin and Ethereum Price Prediction - Slow Advance Before the Charge or Shift Down?

The two leading cryptocurrencies, Bitcoin and Ethereum, have experienced a volatile market in recent months. As the prices of these digital assets continue to fluctuate, investors and analysts are looking for signs of what the future may hold.

11.01 / 20:37

business Binance services approved Customers Binance approved to offer crypto services to Swedish customers

The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies.

16.12 / 04:13

COST Hedge fund talent picks Middle East over London and New York, headhunters say

Amid the rising cost of living and higher taxes, top hedge fund talent is moving away from financial centres like London and New York to the UAE, Saudi Arabia, Kuwait, and Bahrain, according to headhunters.

30.11 / 15:29

exchanges acquires Binance Acquires 100% of Japanese Crypto Exchange Sakura Exchange BitCoin – Here's Why

Binance has acquired 100% of Sakura Exchange BitCoin (SEBC), a crypto platform registered in Japan, to enter the Japanese market in a regulated way.

03.11 / 11:27

UPS FIVE VISA fund launches Saudi wealth fund launches $24bn tech fund

The fund, to be managed by the Public Investment Fund (PIF) is designed to boost the region's burgeoning tech and telecoms industries.

28.10 / 14:01

UPS FIVE VISA fund launches Saudi wealth fund launches $24bn tech fund

The fund, to be managed by the Public Investment Fund (PIF) is designed to boost the region's burgeoning tech and telecoms industries.

23.09 / 18:09

CFTC Cardano Legal Binance Pay Returns Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News

23.09 / 13:29

Digital JPMorgan JPM Bitcoin JPMorgan chief calls crypto a ‘decentralised Ponzi scheme’

Speaking to Congress, Dimon called himself a “major skeptic on crypto tokens” and elaborated that cryptocurrency, such as Bitcoin, are “decentralised Ponzi schemes, and the notion that it is good for anybody is unbelievable.”

23.09 / 13:15

Digital JPMorgan JPM Bitcoin JPMorgan chief Dimon calls crypto a ‘decentralised Ponzi scheme’

22.09 / 15:29

business Binance regulation regulatory Binance establishes Global Advisory Board to work on regulatory and political issues

As the crypto community grows, issues within the crypto community become more complex. Regulatory, political and social issues often get in the way of crypto adoption, slowing the advancements within the space.

22.09 / 13:45

business Government Binance Middle east Regulated fintech in Bahrain enables crypto payments with Binance

Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC).

21.09 / 23:39

business Government Binance services Binance receives green light for crypto services in Dubai

Crypto exchange Binance received a Minimal Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer a range of virtual asset services to qualified retail and institutional investors, the company disclosed on Tuesday.

14.09 / 01:30

Adoption Bitcoin Payments Central Bank regulatory OpenNode sets up BTC payment infrastructure in Bank of Bahrain regulatory sandbox

Bitcoin infrastructure provider OpenNode will test a Bitcoin payment processing and payouts solution in the Central Bank of Bahrain’s (CBB) regulatory sandbox, the company announced Sept. 13. This is the latest of several steps the kingdom has taken to join the crypto economy both on its own and as a member of the Cooperation Council for the Arab States of the Gulf (GCC).

02.09 / 09:41

COST FIVE Cooper Fitch Warning Turkey's skyrocketing inflation is flashing warning signals for Gulf banks

DUBAI, United Arab Emirates — Banks with exposure to Turkey have faced losses ever since the country's currency began steeply depreciating in 2018; now, lenders in several oil-rich Gulf states in particular are set to take a hit in the next year because of their links to the country, according to a recent report by ratings agency Fitch.

05.06 / 11:45

cryptocurrency cryptocurrency news crypto winter Backed Crypto Winter Pushes Softbank-Backed 2TM To Cut Over 10% Of Its Workforce

Softbank-backed 2TM cuts about 90 jobs as crypto winter lingers

30.05 / 18:07

business Binance regulation open Binance gets approval to operate in Italy, will open office in Milan

One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May.

latest developments in Bahrain

What is the current situation in Bahrain?

In Bahrain, the spotlight is on socially significant developments that impact the interests of residents.

Where can I find reliable news about Bahrain?

We publish in-depth coverage about the situation in Bahrain, based on information from regional journalists.

What shapes the media agenda in Bahrain?

The news landscape of Bahrain is shaped by the region’s internal dynamics, reflecting its unique context.