City Dubai Financial News

05.03 / 19:37

Binance ByBit Crypto Exchange Bybit Becomes Latest Crypto Exchange to Suspend USD Bank Transfers – What's Going On?

Bybit, one of the largest cryptocurrency exchanges in the world, has announced the suspension of USD deposits via bank transfer due to "service outages from a partner."

05.03 / 00:15

business Bybit halts USD bank transfers citing partner outages

Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can be withdrawn through wire transfers until March 10.

03.03 / 13:23

Law Adoption regulation DAO Lawyer services UAE free zone to explore Bitcoin payments for services, lawyer says

Ras Al Khaimah’s recently announced free zone for virtual asset firms will explore accepting crypto payments from companies looking into setting up their businesses in the emirate, a lawyer involved in the hub’s development said.

01.03 / 10:55

Provident BTC Digital VISA MasterCard Bitcoin Bitcoin Price Prediction - Why Retaking $24k Will be a Battle if Wednesday's US Data is Strong

Bitcoin (BTC), the world's largest cryptocurrency, was able to recover some of its recent losses and attract modest bids above the $23,500 level as the crypto market started the month on a positive note. This was attributed to Abu Dhabi's plan to create a free zone for the crypto industry, which will offer zero taxes and 100 percent foreign ownership to digital and virtual asset firms.

01.03 / 01:47

Blockchain COST UPS Lowe's Extreme Strategy Bitcoin trading strategy Industry Players Discuss The Best Crypto Trading Strategy For 2023

It’s Day Two of the Blockchain Economy Summit – the UK’s biggest gathering of crypto companies and blockchain entrepreneurs.

28.02 / 12:09

business regulation DAO UAE emirate to launch free zone for digital and virtual asset firms

Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players.

27.02 / 15:17

Target SUN Sanctions Net Widens to Catch Russia’s Middle East Shipping Company

The European Union sanctioned a Dubai-based subsidiary of Russia’s state-owned shipping giant, the first time it has used new powers to hit foreign-based entities that help Moscow circumvent Western restrictions.

27.02 / 03:11

Target SUN Sanctions Net Widens to Catch Russia’s Middle East Shipping Company

26.02 / 23:51

MET Ripple XRP SEC LinkedIn XRP Price Prediction as $600 Million Trading Volume Comes In – Can XRP Reach $10 in 2023?

As XRP records a $600 million trading volume, investors are wondering if the cryptocurrency can reach $10 in 2023. This XRP price prediction is fueled by recent developments in the XRP ecosystem, as well as a broader surge in the cryptocurrency market.

26.02 / 19:09

Target SUN Sanctions Net Widens to Catch Russia’s Middle East Oil Shipper

24.02 / 04:35

Binance Ingenico and Binance team on in-store crypto payment acceptance

Currently, the majority of in-store cryptocurrency payments require an additional device or the execution of an integration by the merchant, say Ingenico.The technology is already being tested in France and, say the partners, is set to be made available in several countries thanks to Binance's regulatory status in places such as Spain, Dubai and Japan.The firms are also developing a crypto-to-fiat payment offering, which will be tested in the second quarter of 2023, so that merchants can be paid in fiat currency.

17.02 / 10:11

Ethereum ETH Provident BTC BLOCK Digital Bitcoin Bitcoin Price and Ethereum Prediction: Will BTC & ETH Bounce Back After 38.2% Fibonacci Retracement?

Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, experienced a significant bearish correction on Friday, with Bitcoin retracing 38.2% of its recent gains. Ethereum suffered a similar decline.

15.02 / 04:19

UPS Provident Waves Platform Pool Fallout BUG Bug Bounty crypto futures PrimeXBT To Launch $100,000 Crypto Futures Platform Bug Bounty III Contest

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

14.02 / 00:25

regulation SEC Kraken Staking Interpol Crypto Staking Regulation comes for crypto staking: Law Decoded, Feb. 6–13

Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties.

13.02 / 19:45

CEO coinbase Kraken Slash Cryptocurrency Firms Slash Staff After FTX Collapse

Cryptocurrency exchanges Kraken, Bybit, and Swyftx announced layoffs as the contagion from the collapse of the FTX exchange spreads.

13.02 / 11:57

CBDC regulation Central Bank Financial UAE central bank to issue CBDC as part of its financial transformation program

The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program.

12.02 / 11:13

business Adoption Binance fees students Binance Pay Canadian University Dubai backtracks on accepting crypto via Binance Pay

Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.

10.02 / 13:15

COST UPS Provident Lowe's Platform Action Metro Everyone Should Enter Metropoly’s $1M Burj Khalifa Apartment Giveaway Contest

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

09.02 / 13:49

regulation privacy coins Dubai Takes a Stand Against Privacy Coins with Ban on Anonymity-Enhancing Crypto

Dubai, a jurisdiction in the United Arab Emirates (UAE), prohibited by law the issuance of privacy coins such as monero (XMR) and zcash (ZEC), as well as any activity related to them.

08.02 / 17:07

Adoption Web3 Metaverse Future Saudi Arabia partners with The Sandbox for future metaverse plans

Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East region, as the LEAP conference in Riyadh, Saudi Arabia, highlights key topics in the industry.

07.02 / 16:47

business Law regulation services Dubai releases crypto regulations for virtual asset services providers

The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASP) operating within the emirate.

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